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 | Reynolds County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,726 | $136,017 | $242,182 |
| Price Trend (Annual %) | 27.3% | 5.0% | 8.2% |
| Median Gross Rent | $627 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Reynolds County is about 10% 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 Reynolds County, up about 27.3% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Reynolds County rose about 20.3% between 2015 and 2023, from $521 to $627. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Reynolds County.
Buying the median-priced home in Reynolds County costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Reynolds County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Reynolds County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,726 | $136,017 | $242,182 |
| Median Household Income | $44,701 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Reynolds County rose about 97.7%, while median household income rose about 34.5% 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 | Reynolds County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 60.1% | 58.2% |
| Rental Rate | 12.9% | 28.4% | 31.3% |
| Vacancy Rate | 33.3% | 11.6% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Reynolds County has a homeownership rate of 53.8%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 33.3%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Reynolds County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1977 | 1977 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Reynolds County was built around 1977. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Reynolds County, Missouri.
What is the median home price in Reynolds County, Missouri?
The median home price in Reynolds County, Missouri is $122,726, lower than the Missouri average of $136,017.
What is the average home price in Reynolds 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 Reynolds County, Missouri?
The median gross rent in Reynolds County, Missouri is $627 per month, lower than the Missouri average of $995.
What was the median gross rent in Reynolds County in 2020?
In 2020, the median gross rent in Reynolds County, Missouri was $612 per month.
What is the price-to-rent ratio in Reynolds County, Missouri?
The price-to-rent ratio in Reynolds County, Missouri is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Reynolds County.
Are home prices or rent rising faster in Reynolds County, Missouri?
Both home prices and rent are rising in Reynolds County, up about 27.3% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Reynolds County, Missouri?
53.8% of households in Reynolds County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Reynolds County, Missouri?
The housing vacancy rate in Reynolds County, Missouri is 33.3%, higher than the Missouri average of 11.6%.