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 | Pemiscot County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,881 | $136,017 | $242,182 |
| Price Trend (Annual %) | 22.9% | 5.0% | 8.2% |
| Median Gross Rent | $708 | $995 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pemiscot County is about 79% lower than in Missouri. Rent is about 29% 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 Pemiscot County, up about 22.9% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Pemiscot County rose about 26.9% between 2015 and 2023, from $558 to $708. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Pemiscot County.
Buying the median-priced home in Pemiscot County costs roughly 3.4 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 Pemiscot County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Pemiscot County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,881 | $136,017 | $242,182 |
| Median Household Income | $40,875 | $69,051 | $78,145 |
| Price-to-Income Ratio | 0.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pemiscot County rose about 211.8%, while median household income rose about 43.8% 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 | Pemiscot County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.9% | 60.1% | 58.2% |
| Rental Rate | 35.1% | 28.4% | 31.3% |
| Vacancy Rate | 17.0% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Pemiscot County has a homeownership rate of 47.9%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 17.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Pemiscot County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1973 | 1977 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Pemiscot County was built around 1973. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pemiscot County, Missouri.
What is the median home price in Pemiscot County, Missouri?
The median home price in Pemiscot County, Missouri is $28,881, lower than the Missouri average of $136,017.
What is the average home price in Pemiscot 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 Pemiscot County, Missouri?
The median gross rent in Pemiscot County, Missouri is $708 per month, lower than the Missouri average of $995.
What was the median gross rent in Pemiscot County in 2020?
In 2020, the median gross rent in Pemiscot County, Missouri was $635 per month.
What is the price-to-rent ratio in Pemiscot County, Missouri?
The price-to-rent ratio in Pemiscot County, Missouri is about 3.4, meaning it would take roughly 3.4 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 Pemiscot County.
Are home prices or rent rising faster in Pemiscot County, Missouri?
Both home prices and rent are rising in Pemiscot County, up about 22.9% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pemiscot County, Missouri?
47.9% of households in Pemiscot County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Pemiscot County, Missouri?
The housing vacancy rate in Pemiscot County, Missouri is 17.0%, higher than the Missouri average of 11.6%.