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 | Newton County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,833 | $136,017 | $242,182 |
| Price Trend (Annual %) | 0.6% | 5.0% | 8.2% |
| Median Gross Rent | $776 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newton County is about the same as in Missouri. Rent is about 22% 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 Newton County, up about 0.6% and 2.8% a year respectively. Rent is changing faster.
Median rent in Newton County rose about 23.6% between 2015 and 2023, from $628 to $776. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Newton County.
Buying the median-priced home in Newton County costs roughly 14.6 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 Newton County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Newton County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,833 | $136,017 | $242,182 |
| Median Household Income | $65,297 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Newton County rose about 52.2%, while median household income rose about 56.5% 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 | Newton County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.5% | 60.1% | 58.2% |
| Rental Rate | 20.6% | 28.4% | 31.3% |
| Vacancy Rate | 10.8% | 11.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Newton County has a homeownership rate of 68.5%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 10.8%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Newton County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1985 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Newton County was built around 1985. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Newton County, Missouri.
What is the median home price in Newton County, Missouri?
The median home price in Newton County, Missouri is $135,833, about the same as the Missouri average.
What is the average home price in Newton 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 Newton County, Missouri?
The median gross rent in Newton County, Missouri is $776 per month, lower than the Missouri average of $995.
What was the median gross rent in Newton County in 2020?
In 2020, the median gross rent in Newton County, Missouri was $704 per month.
What is the price-to-rent ratio in Newton County, Missouri?
The price-to-rent ratio in Newton County, Missouri is about 14.6, meaning it would take roughly 14.6 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 Newton County.
Are home prices or rent rising faster in Newton County, Missouri?
Both home prices and rent are rising in Newton County, up about 0.6% and 2.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Newton County, Missouri?
68.5% of households in Newton County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Newton County, Missouri?
The housing vacancy rate in Newton County, Missouri is 10.8%, lower than the Missouri average of 11.6%.