Miller County, Missouri Housing Market Prices
Miller County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% above the Missouri median$169,696
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Median rent 26% below the Missouri median$763
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Miller County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,696 | $145,462 | $248,835 |
| Price Trend (Annual %) | 2.6% | 5.2% | 7.5% |
| Median Gross Rent | $763 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Miller County is about 17% higher than in Missouri. Rent is about 26% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Miller County, up about 2.6% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Miller County rose about 19.5% between 2015 and 2024, from $638 to $763. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Miller County.
Buying the median-priced home in Miller County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Miller County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Miller County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,696 | $145,462 | $248,835 |
| Median Household Income | $57,595 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Miller County rose about 234.9%, while median household income rose about 50.7% between 2009 and 2025 — 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 | Miller County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 60.5% | 58.5% |
| Rental Rate | 20.5% | 28.3% | 31.2% |
| Vacancy Rate | 21.4% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Miller County has a homeownership rate of 58.0%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 21.4%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Miller County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1986 | 1978 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Miller County was built around 1986. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Miller County, MO Housing Compared With Nearby Counties
Miller County, MO is the smallest of the 4 counties compared here, 25,269 residents against a local median of 53,894. Miller County, MO sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 13% below the local median at $763 against $876. Miller County, MO has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Miller County, MO | 25,269 | $169,696 #3/4 | $763 #4/4 | 73.9% #2/4 |
| Cole County, MO | 77,032 | $233,853 | $834 | 67.9% |
| Camden County, MO | 43,667 | $148,332 | $876 | 82.5% |
| Pulaski County, MO | 53,894 | $189,717 | $1,112 | 61.2% |
Frequently Asked Questions
Common questions about the housing market in Miller County, Missouri.
What is the median home price in Miller County, Missouri?
The median home price in Miller County, Missouri is $169,696, higher than the Missouri average of $145,462.
What is the average home price in Miller County, Missouri?
The typical home price in Miller County, Missouri, reported as the median sale price, is $169,696. 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 Miller County, Missouri?
The median gross rent in Miller County, Missouri is $763 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Miller County in 2020?
In 2020, the median gross rent in Miller County, Missouri was $672 per month.
What is the price-to-rent ratio in Miller County, Missouri?
The price-to-rent ratio in Miller County, Missouri is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Miller County.
Are home prices or rent rising faster in Miller County, Missouri?
Both home prices and rent are rising in Miller County, up about 2.6% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Miller County, Missouri?
58.0% of households in Miller County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Miller County, Missouri?
The housing vacancy rate in Miller County, Missouri is 21.4%, higher than the Missouri average of 11.2%.
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