Raytown, Missouri Housing Market Prices
Raytown 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 31% above the Missouri median$190,789
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Median rent 18% above the Missouri median$1,215
Housing Market Overview
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $190,789 | $145,462 | $248,835 |
| Price Trend (Annual %) | 15.3% | 5.2% | 7.5% |
| Median Gross Rent | $1,215 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Raytown is about 31% higher than in Missouri. Rent is about 18% 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 Raytown, up about 15.3% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Raytown rose about 33.3% between 2015 and 2024, from $912 to $1,215. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Raytown.
Buying the median-priced home in Raytown costs roughly 13.1 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 Raytown. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $190,789 | $145,462 | $248,835 |
| Median Household Income | $69,474 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Raytown rose about 156.2%, while median household income rose about 33.3% 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 | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 60.5% | 58.5% |
| Rental Rate | 32.4% | 28.3% | 31.2% |
| Vacancy Rate | 7.2% | 11.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Raytown has a homeownership rate of 60.4%, about the same as the Missouri average of 60.5%. Its housing vacancy rate is 7.2%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Raytown | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1961 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Raytown was built around 1961. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Raytown, MO Housing Compared With Nearby Cities
Raytown, MO is the 3rd largest of the 4 cities compared here, 28,527 residents against a local median of 96,025. Raytown, MO's median home price, at $190,789, runs 23% above the $155,625 typical of the cities around it.
The cities themselves spread $191,431 on median home price, so Raytown, MO sits at one end of an already wide local range rather than apart from it. Raytown, MO has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Raytown, MO | 28,527 | $190,789 #2/4 | $1,215 #2/4 | 65.0% #2/4 |
| Lee's Summit, MO | 96,025 | $325,570 | $1,407 | 72.5% |
| Grandview, MO | 26,526 | $155,625 | $1,035 | 49.1% |
| Independence, MO | 120,545 | $134,139 | $1,112 | 60.8% |
Frequently Asked Questions
Common questions about the housing market in Raytown, Missouri.
What is the median home price in Raytown, Missouri?
The median home price in Raytown, Missouri is $190,789, higher than the Missouri average of $145,462.
What is the average home price in Raytown, Missouri?
The typical home price in Raytown, Missouri, reported as the median sale price, is $190,789. 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 Raytown, Missouri?
The median gross rent in Raytown, Missouri is $1,215 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Raytown in 2020?
In 2020, the median gross rent in Raytown, Missouri was $963 per month.
What is the price-to-rent ratio in Raytown, Missouri?
The price-to-rent ratio in Raytown, Missouri is about 13.1, meaning it would take roughly 13.1 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 Raytown.
Are home prices or rent rising faster in Raytown, Missouri?
Both home prices and rent are rising in Raytown, up about 15.3% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Raytown, Missouri?
60.4% of households in Raytown, Missouri own their home, about the same as the Missouri average.
What is the vacancy rate in Raytown, Missouri?
The housing vacancy rate in Raytown, Missouri is 7.2%, lower than the Missouri average of 11.2%.
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