Monroe County, Missouri Housing Market Prices
Monroe 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 32% above the Missouri median More expensive than 75% of counties in Missouri$191,944
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Median rent 33% below the Missouri median$688
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,944 | $145,462 | $248,835 |
| Price Trend (Annual %) | 22.6% | 5.2% | 7.5% |
| Median Gross Rent | $688 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 32% higher than in Missouri. Rent is about 33% 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 Monroe County, up about 22.6% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 23.3% between 2015 and 2024, from $558 to $688. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 23.2 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 Monroe County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Monroe County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,944 | $145,462 | $248,835 |
| Median Household Income | $53,714 | $70,801 | $80,455 |
| Price-to-Income Ratio | 3.6 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 134.0%, while median household income rose about 24.7% 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 | Monroe County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.7% | 60.5% | 58.5% |
| Rental Rate | 19.9% | 28.3% | 31.2% |
| Vacancy Rate | 22.4% | 11.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Monroe County has a homeownership rate of 57.7%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 22.4%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Monroe County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1976 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Monroe County was built around 1976. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Monroe County, MO Housing Compared With Nearby Counties
How Monroe County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, MO | 8,734 | $191,944 #1/3 | $688 #3/3 | 74.3% #1/3 |
| Audrain County, MO | 24,548 | $100,000 | $692 | 71.8% |
| Marion County, MO | 28,457 | $79,047 | $808 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Missouri.
What is the median home price in Monroe County, Missouri?
The median home price in Monroe County, Missouri is $191,944, higher than the Missouri average of $145,462.
What is the average home price in Monroe County, Missouri?
The typical home price in Monroe County, Missouri, reported as the median sale price, is $191,944. 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 Monroe County, Missouri?
The median gross rent in Monroe County, Missouri is $688 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Missouri was $564 per month.
What is the price-to-rent ratio in Monroe County, Missouri?
The price-to-rent ratio in Monroe County, Missouri is about 23.2, meaning it would take roughly 23.2 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 Monroe County.
Are home prices or rent rising faster in Monroe County, Missouri?
Both home prices and rent are rising in Monroe County, up about 22.6% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Missouri?
57.7% of households in Monroe County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Monroe County, Missouri?
The housing vacancy rate in Monroe County, Missouri is 22.4%, higher than the Missouri average of 11.2%.
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