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 | Moniteau County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,499 | $136,017 | $242,182 |
| Price Trend (Annual %) | -4.2% | 5.0% | 8.2% |
| Median Gross Rent | $766 | $995 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Moniteau County is about 83% lower than in Missouri. Rent is about 23% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Moniteau County: home prices fell about 4.2% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Moniteau County rose about 44.0% between 2015 and 2023, from $532 to $766. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Moniteau County.
Buying the median-priced home in Moniteau County costs roughly 2.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Moniteau County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Moniteau County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,499 | $136,017 | $242,182 |
| Median Household Income | $65,062 | $69,051 | $78,145 |
| Price-to-Income Ratio | 0.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Moniteau County fell about 78.2%, while median household income rose about 39.0% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Moniteau County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.7% | 60.1% | 58.2% |
| Rental Rate | 20.8% | 28.4% | 31.3% |
| Vacancy Rate | 6.5% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Moniteau County has a homeownership rate of 72.7%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 6.5%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Moniteau County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1985 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Moniteau County was built around 1985. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Moniteau County, Missouri.
What is the median home price in Moniteau County, Missouri?
The median home price in Moniteau County, Missouri is $23,499, lower than the Missouri average of $136,017.
What is the average home price in Moniteau 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 Moniteau County, Missouri?
The median gross rent in Moniteau County, Missouri is $766 per month, lower than the Missouri average of $995.
What was the median gross rent in Moniteau County in 2020?
In 2020, the median gross rent in Moniteau County, Missouri was $639 per month.
What is the price-to-rent ratio in Moniteau County, Missouri?
The price-to-rent ratio in Moniteau County, Missouri is about 2.6, meaning it would take roughly 2.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Moniteau County.
Are home prices or rent rising faster in Moniteau County, Missouri?
Home prices and rent are moving in opposite directions in Moniteau County: home prices fell about 4.2% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Moniteau County, Missouri?
72.7% of households in Moniteau County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Moniteau County, Missouri?
The housing vacancy rate in Moniteau County, Missouri is 6.5%, lower than the Missouri average of 11.6%.