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 | Ozark County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,965 | $136,017 | $242,182 |
| Price Trend (Annual %) | 10.8% | 5.0% | 8.2% |
| Median Gross Rent | $625 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ozark County is about 31% lower than in Missouri. Rent is about 37% 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 Ozark County, up about 10.8% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Ozark County rose about 19.6% between 2015 and 2023, from $523 to $625. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Ozark County.
Buying the median-priced home in Ozark County costs roughly 12.5 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 Ozark County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Ozark County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $93,965 | $136,017 | $242,182 |
| Median Household Income | $42,748 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ozark County rose about 37.5%, while median household income rose about 29.1% between 2009 and 2023 — 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 | Ozark County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 60.1% | 58.2% |
| Rental Rate | 14.0% | 28.4% | 31.3% |
| Vacancy Rate | 29.0% | 11.6% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Ozark County has a homeownership rate of 57.1%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 29.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Ozark County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1982 | 1977 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Ozark County was built around 1982. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ozark County, Missouri.
What is the median home price in Ozark County, Missouri?
The median home price in Ozark County, Missouri is $93,965, lower than the Missouri average of $136,017.
What is the average home price in Ozark 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 Ozark County, Missouri?
The median gross rent in Ozark County, Missouri is $625 per month, lower than the Missouri average of $995.
What was the median gross rent in Ozark County in 2020?
In 2020, the median gross rent in Ozark County, Missouri was $650 per month.
What is the price-to-rent ratio in Ozark County, Missouri?
The price-to-rent ratio in Ozark County, Missouri is about 12.5, meaning it would take roughly 12.5 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 Ozark County.
Are home prices or rent rising faster in Ozark County, Missouri?
Both home prices and rent are rising in Ozark County, up about 10.8% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ozark County, Missouri?
57.1% of households in Ozark County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Ozark County, Missouri?
The housing vacancy rate in Ozark County, Missouri is 29.0%, higher than the Missouri average of 11.6%.