Shannon County, Missouri Housing Market Prices
Shannon 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 94% above the Missouri median More expensive than 95% of counties in Missouri$282,499
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Median rent 44% below the Missouri median$574
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,499 | $145,462 | $248,835 |
| Price Trend (Annual %) | 68.5% | 5.2% | 7.5% |
| Median Gross Rent | $574 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 0.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shannon County is about 94% higher than in Missouri. Rent is about 44% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Shannon County, up about 68.5% and 0.2% a year respectively. Home prices are changing faster.
Median rent in Shannon County rose about 14.3% between 2015 and 2024, from $502 to $574. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Shannon County.
Buying the median-priced home in Shannon County costs roughly 41.0 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 Shannon County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $282,499 | $145,462 | $248,835 |
| Median Household Income | $56,188 | $70,801 | $80,455 |
| Price-to-Income Ratio | 5.0 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Shannon County rose about 740.5%, while median household income rose about 59.5% 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 | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 60.5% | 58.5% |
| Rental Rate | 16.4% | 28.3% | 31.2% |
| Vacancy Rate | 18.1% | 11.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Shannon County has a homeownership rate of 65.5%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 18.1%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Shannon County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1980 | 1978 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Shannon County was built around 1980. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Shannon County, MO Housing Compared With Nearby Counties
How Shannon County, MO compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shannon County, MO | 7,177 | $282,499 #1/2 | $574 #2/2 | 79.9% #1/2 |
| Dent County, MO | 14,539 | $165,878 | $660 | 75.9% |
Frequently Asked Questions
Common questions about the housing market in Shannon County, Missouri.
What is the median home price in Shannon County, Missouri?
The median home price in Shannon County, Missouri is $282,499, higher than the Missouri average of $145,462.
What is the average home price in Shannon County, Missouri?
The typical home price in Shannon County, Missouri, reported as the median sale price, is $282,499. 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 Shannon County, Missouri?
The median gross rent in Shannon County, Missouri is $574 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Shannon County in 2020?
In 2020, the median gross rent in Shannon County, Missouri was $623 per month.
What is the price-to-rent ratio in Shannon County, Missouri?
The price-to-rent ratio in Shannon County, Missouri is about 41.0, meaning it would take roughly 41.0 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 Shannon County.
Are home prices or rent rising faster in Shannon County, Missouri?
Both home prices and rent are rising in Shannon County, up about 68.5% and 0.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shannon County, Missouri?
65.5% of households in Shannon County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Shannon County, Missouri?
The housing vacancy rate in Shannon County, Missouri is 18.1%, higher than the Missouri average of 11.2%.
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