Platte County, Missouri Housing Market Prices
Platte 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 54% below the Missouri median Cheaper than 79% of counties in Missouri$67,499
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Median rent 29% above the Missouri median Among the 3 most expensive counties in Missouri$1,334
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Platte County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,499 | $145,462 | $248,835 |
| Price Trend (Annual %) | -9.3% | 5.2% | 7.5% |
| Median Gross Rent | $1,334 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Platte County is about 54% lower than in Missouri. Rent is about 29% higher than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Platte County: home prices fell about 9.3% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in Platte County rose about 51.7% between 2015 and 2024, from $879 to $1,334. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Platte County.
Buying the median-priced home in Platte County costs roughly 4.2 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 Platte County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Platte County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $67,499 | $145,462 | $248,835 |
| Median Household Income | $96,388 | $70,801 | $80,455 |
| Price-to-Income Ratio | 0.7 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Platte County fell about 59.1%, while median household income rose about 42.8% 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 | Platte County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 60.5% | 58.5% |
| Rental Rate | 30.7% | 28.3% | 31.2% |
| Vacancy Rate | 5.8% | 11.2% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Platte County has a homeownership rate of 63.5%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 5.8%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Platte County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1981 | 1978 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Platte County was built around 1981. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Platte County, MO Housing Compared With Nearby Counties
Platte County, MO is typical in size for this group, 110,371 residents against a local median of 125,593, so the measures below are close to a like for like comparison. Platte County, MO's median home price, at $67,499, runs 57% below the $157,921 typical of the counties around it.
Median rent tells the same story from another angle: $1,334 against a local median of $1,065, 25% above it. The counties themselves spread $156,945 on median home price, so Platte County, MO sits at one end of an already wide local range rather than apart from it. Platte County, MO has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Platte County, MO | 110,371 | $67,499 #4/5 | $1,334 #1/5 | 67.4% #3/5 |
| Wyandotte County, KS | 167,620 | $140,630 | $1,122 | 62.0% |
| Buchanan County, MO | 83,567 | $175,212 | $902 | 66.3% |
| Clay County, MO | 258,122 | $218,653 | $1,242 | 69.5% |
| Clinton County, MO | 21,414 | $61,709 | $1,008 | 75.7% |
Frequently Asked Questions
Common questions about the housing market in Platte County, Missouri.
What is the median home price in Platte County, Missouri?
The median home price in Platte County, Missouri is $67,499, lower than the Missouri average of $145,462.
What is the average home price in Platte County, Missouri?
The typical home price in Platte County, Missouri, reported as the median sale price, is $67,499. 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 Platte County, Missouri?
The median gross rent in Platte County, Missouri is $1,334 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Platte County in 2020?
In 2020, the median gross rent in Platte County, Missouri was $1,073 per month.
What is the price-to-rent ratio in Platte County, Missouri?
The price-to-rent ratio in Platte County, Missouri is about 4.2, meaning it would take roughly 4.2 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 Platte County.
Are home prices or rent rising faster in Platte County, Missouri?
Home prices and rent are moving in opposite directions in Platte County: home prices fell about 9.3% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Platte County, Missouri?
63.5% of households in Platte County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Platte County, Missouri?
The housing vacancy rate in Platte County, Missouri is 5.8%, lower than the Missouri average of 11.2%.
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