New Madrid County, Missouri Housing Market Prices
New Madrid 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.
-
Median home price 68% below the Missouri median Cheaper than 89% of counties in Missouri$47,272
-
Median rent 29% below the Missouri median$729
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,272 | $145,462 | $248,835 |
| Price Trend (Annual %) | -6.7% | 5.2% | 7.5% |
| Median Gross Rent | $729 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in New Madrid County is about 68% lower than in Missouri. Rent is about 29% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in New Madrid County: home prices fell about 6.7% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in New Madrid County rose about 34.6% between 2015 and 2024, from $541 to $729. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in New Madrid County.
Buying the median-priced home in New Madrid County costs roughly 5.4 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 New Madrid County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,272 | $145,462 | $248,835 |
| Median Household Income | $51,538 | $70,801 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in New Madrid County fell about 10.9%, while median household income rose about 45.7% between 2009 and 2025 — 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 | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.6% | 60.5% | 58.5% |
| Rental Rate | 30.4% | 28.3% | 31.2% |
| Vacancy Rate | 15.0% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
New Madrid County has a homeownership rate of 54.6%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 15.0%, compared with 11.2% in Missouri.
Housing Stock
| Metric | New Madrid County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1975 | 1978 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in New Madrid County was built around 1975. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
New Madrid County, MO Housing Compared With Nearby Counties
New Madrid County, MO is typical in size for this group, 15,731 residents against a local median of 14,958, so the measures below are close to a like for like comparison. New Madrid County, MO's median home price, at $47,272, runs 38% above the $34,156 typical of the counties around it.
The counties themselves spread $164,805 on median home price, so New Madrid County, MO sits at one end of an already wide local range rather than apart from it. New Madrid County, MO has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| New Madrid County, MO | 15,731 | $47,272 #2/4 | $729 #3/4 | 64.2% #2/4 |
| Pemiscot County, MO | 14,958 | $34,156 | $694 | 55.2% |
| Mississippi County, MO | 11,898 | $14,749 | $762 | 62.9% |
| Scott County, MO | 37,932 | $179,554 | $872 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in New Madrid County, Missouri.
What is the median home price in New Madrid County, Missouri?
The median home price in New Madrid County, Missouri is $47,272, lower than the Missouri average of $145,462.
What is the average home price in New Madrid County, Missouri?
The typical home price in New Madrid County, Missouri, reported as the median sale price, is $47,272. 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 New Madrid County, Missouri?
The median gross rent in New Madrid County, Missouri is $729 per month, lower than the Missouri average of $1,033.
What was the median gross rent in New Madrid County in 2020?
In 2020, the median gross rent in New Madrid County, Missouri was $675 per month.
What is the price-to-rent ratio in New Madrid County, Missouri?
The price-to-rent ratio in New Madrid County, Missouri is about 5.4, meaning it would take roughly 5.4 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 New Madrid County.
Are home prices or rent rising faster in New Madrid County, Missouri?
Home prices and rent are moving in opposite directions in New Madrid County: home prices fell about 6.7% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in New Madrid County, Missouri?
54.6% of households in New Madrid County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in New Madrid County, Missouri?
The housing vacancy rate in New Madrid County, Missouri is 15.0%, higher than the Missouri average of 11.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →