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 | Saline County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $400,000 | $136,017 | $242,182 |
| Price Trend (Annual %) | 77.9% | 5.0% | 8.2% |
| Median Gross Rent | $732 | $995 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Saline County is about 194% higher than in Missouri. Rent is about 26% 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 Saline County, up about 77.9% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Saline County rose about 18.9% between 2015 and 2023, from $616 to $732. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 7.1 yearly household incomes in Saline County.
Buying the median-priced home in Saline County costs roughly 45.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Saline County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Saline County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $400,000 | $136,017 | $242,182 |
| Median Household Income | $56,628 | $69,051 | $78,145 |
| Price-to-Income Ratio | 7.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Saline County rose about 494.2%, while median household income rose about 39.3% 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 | Saline County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.7% | 60.1% | 58.2% |
| Rental Rate | 23.8% | 28.4% | 31.3% |
| Vacancy Rate | 18.6% | 11.6% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Saline County has a homeownership rate of 57.7%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 18.6%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Saline County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1969 | 1977 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Saline County was built around 1969. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Saline County, Missouri.
What is the median home price in Saline County, Missouri?
The median home price in Saline County, Missouri is $400,000, higher than the Missouri average of $136,017.
What is the average home price in Saline 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 Saline County, Missouri?
The median gross rent in Saline County, Missouri is $732 per month, lower than the Missouri average of $995.
What was the median gross rent in Saline County in 2020?
In 2020, the median gross rent in Saline County, Missouri was $636 per month.
What is the price-to-rent ratio in Saline County, Missouri?
The price-to-rent ratio in Saline County, Missouri is about 45.5, meaning it would take roughly 45.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Saline County.
Are home prices or rent rising faster in Saline County, Missouri?
Both home prices and rent are rising in Saline County, up about 77.9% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Saline County, Missouri?
57.7% of households in Saline County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Saline County, Missouri?
The housing vacancy rate in Saline County, Missouri is 18.6%, higher than the Missouri average of 11.6%.