Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Maries County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,000 | $136,017 | $242,182 |
| Price Trend (Annual %) | 42.1% | 5.0% | 8.2% |
| Median Gross Rent | $593 | $995 | $1,342 |
| Rent Trend (Annual %) | 1.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maries County is about 86% higher than in Missouri. Rent is about 40% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Maries County, up about 42.1% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Maries County rose about 11.3% between 2015 and 2023, from $533 to $593. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Maries County.
Buying the median-priced home in Maries County costs roughly 35.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Maries County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Maries County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $253,000 | $136,017 | $242,182 |
| Median Household Income | $60,866 | $69,051 | $78,145 |
| Price-to-Income Ratio | 4.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Maries County rose about 114.7%, while median household income rose about 57.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Maries County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 60.1% | 58.2% |
| Rental Rate | 18.3% | 28.4% | 31.3% |
| Vacancy Rate | 17.2% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Maries County has a homeownership rate of 64.5%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 17.2%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Maries County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1982 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Maries County was built around 1982. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maries County, Missouri.
What is the median home price in Maries County, Missouri?
The median home price in Maries County, Missouri is $253,000, higher than the Missouri average of $136,017.
What is the average home price in Maries County, Missouri?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Maries County, Missouri?
The median gross rent in Maries County, Missouri is $593 per month, lower than the Missouri average of $995.
What was the median gross rent in Maries County in 2020?
In 2020, the median gross rent in Maries County, Missouri was $544 per month.
What is the price-to-rent ratio in Maries County, Missouri?
The price-to-rent ratio in Maries County, Missouri is about 35.6, meaning it would take roughly 35.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Maries County.
Are home prices or rent rising faster in Maries County, Missouri?
Both home prices and rent are rising in Maries County, up about 42.1% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maries County, Missouri?
64.5% of households in Maries County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Maries County, Missouri?
The housing vacancy rate in Maries County, Missouri is 17.2%, higher than the Missouri average of 11.6%.