Phelps County, Missouri Housing Market Prices
Phelps 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.
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Median home price 29% below the Missouri median$103,409
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Median rent 23% below the Missouri median$797
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Phelps County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,409 | $145,462 | $248,835 |
| Price Trend (Annual %) | 7.5% | 5.2% | 7.5% |
| Median Gross Rent | $797 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Phelps County is about 29% lower than in Missouri. Rent is about 23% lower 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 Phelps County, up about 7.5% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Phelps County rose about 20.4% between 2015 and 2024, from $662 to $797. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Phelps County.
Buying the median-priced home in Phelps County costs roughly 10.8 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 Phelps County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Phelps County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,409 | $145,462 | $248,835 |
| Median Household Income | $58,562 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Phelps County fell about 25.1%, while median household income rose about 43.6% 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 | Phelps County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 60.5% | 58.5% |
| Rental Rate | 32.7% | 28.3% | 31.2% |
| Vacancy Rate | 14.6% | 11.2% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Phelps County has a homeownership rate of 52.7%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 14.6%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Phelps County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1984 | 1978 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Phelps County was built around 1984. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Phelps County, MO Housing Compared With Nearby Counties
Phelps County, MO is the 2nd largest of the 5 counties compared here, 45,194 residents against a local median of 18,668. Where Phelps County, MO breaks from the counties next to it is median home price, sitting 32% below the local median of $151,949 at $103,409.
Homeownership tells the same story from another angle: 61.7% against a local median of 72.6%, 15% below it. The one measure here that carries a verdict is homeownership, and at 15% below the local median it puts Phelps County, MO at the weaker end of the local range. The counties themselves spread $141,959 on median home price, so Phelps County, MO sits at one end of an already wide local range rather than apart from it. Phelps County, MO has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Phelps County, MO | 45,194 | $103,409 #4/5 | $797 #2/5 | 61.7% #4/5 |
| Maries County, MO | 8,450 | $138,020 | $589 | 78.3% |
| Dent County, MO | 14,539 | $165,878 | $660 | 75.9% |
| Pulaski County, MO | 53,894 | $189,717 | $1,112 | 61.2% |
| Crawford County, MO | 22,797 | $47,758 | $794 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Phelps County, Missouri.
What is the median home price in Phelps County, Missouri?
The median home price in Phelps County, Missouri is $103,409, lower than the Missouri average of $145,462.
What is the average home price in Phelps County, Missouri?
The typical home price in Phelps County, Missouri, reported as the median sale price, is $103,409. 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 Phelps County, Missouri?
The median gross rent in Phelps County, Missouri is $797 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Phelps County in 2020?
In 2020, the median gross rent in Phelps County, Missouri was $726 per month.
What is the price-to-rent ratio in Phelps County, Missouri?
The price-to-rent ratio in Phelps County, Missouri is about 10.8, meaning it would take roughly 10.8 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 Phelps County.
Are home prices or rent rising faster in Phelps County, Missouri?
Both home prices and rent are rising in Phelps County, up about 7.5% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Phelps County, Missouri?
52.7% of households in Phelps County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Phelps County, Missouri?
The housing vacancy rate in Phelps County, Missouri is 14.6%, higher than the Missouri average of 11.2%.
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