O'Fallon, Missouri Housing Market Prices
O'Fallon 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 94% above the Missouri median$281,874
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Median rent 37% above the Missouri median$1,415
Housing Market Overview
| Metric | O'Fallon | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,874 | $145,462 | $248,835 |
| Price Trend (Annual %) | 11.5% | 5.2% | 7.5% |
| Median Gross Rent | $1,415 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in O'Fallon is about 94% higher than in Missouri. Rent is about 37% higher 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 O'Fallon, up about 11.5% and 4.4% a year respectively. Home prices are changing faster.
Median rent in O'Fallon rose about 44.9% between 2015 and 2024, from $977 to $1,415. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in O'Fallon.
Buying the median-priced home in O'Fallon costs roughly 16.6 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 O'Fallon. The price-to-rent ratio in Missouri is about 11.7.
| Metric | O'Fallon | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,874 | $145,462 | $248,835 |
| Median Household Income | $112,057 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in O'Fallon rose about 166.3%, while median household income rose about 40.4% 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 | O'Fallon | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.6% | 60.5% | 58.5% |
| Rental Rate | 18.0% | 28.3% | 31.2% |
| Vacancy Rate | 2.4% | 11.2% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
O'Fallon has a homeownership rate of 79.6%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 2.4%, compared with 11.2% in Missouri.
Housing Stock
| Metric | O'Fallon | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1998 | 1978 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in O'Fallon was built around 1998. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in O'Fallon, Missouri.
What is the median home price in O'Fallon, Missouri?
The median home price in O'Fallon, Missouri is $281,874, higher than the Missouri average of $145,462.
What is the average home price in O'Fallon, Missouri?
The typical home price in O'Fallon, Missouri, reported as the median sale price, is $281,874. 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 O'Fallon, Missouri?
The median gross rent in O'Fallon, Missouri is $1,415 per month, higher than the Missouri average of $1,033.
What was the median gross rent in O'Fallon in 2020?
In 2020, the median gross rent in O'Fallon, Missouri was $1,134 per month.
What is the price-to-rent ratio in O'Fallon, Missouri?
The price-to-rent ratio in O'Fallon, Missouri is about 16.6, meaning it would take roughly 16.6 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 O'Fallon.
Are home prices or rent rising faster in O'Fallon, Missouri?
Both home prices and rent are rising in O'Fallon, up about 11.5% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in O'Fallon, Missouri?
79.6% of households in O'Fallon, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in O'Fallon, Missouri?
The housing vacancy rate in O'Fallon, Missouri is 2.4%, lower than the Missouri average of 11.2%.
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