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 | Stoddard County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,333 | $136,017 | $242,182 |
| Price Trend (Annual %) | 2.9% | 5.0% | 8.2% |
| Median Gross Rent | $736 | $995 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stoddard County is about 59% lower 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 Stoddard County, up about 2.9% and 3.9% a year respectively. Rent is changing faster.
Median rent in Stoddard County rose about 36.7% between 2015 and 2023, from $539 to $736. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Stoddard County.
Buying the median-priced home in Stoddard County costs roughly 6.4 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 Stoddard County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Stoddard County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,333 | $136,017 | $242,182 |
| Median Household Income | $53,724 | $69,051 | $78,145 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stoddard County rose about 5.5%, while median household income rose about 59.4% between 2009 and 2023 — 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 | Stoddard County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.1% | 60.1% | 58.2% |
| Rental Rate | 24.9% | 28.4% | 31.3% |
| Vacancy Rate | 15.0% | 11.6% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Stoddard County has a homeownership rate of 60.1%, about the same as the Missouri average of 60.1%. Its housing vacancy rate is 15.0%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Stoddard County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1980 | 1977 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Stoddard County was built around 1980. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stoddard County, Missouri.
What is the median home price in Stoddard County, Missouri?
The median home price in Stoddard County, Missouri is $56,333, lower than the Missouri average of $136,017.
What is the average home price in Stoddard 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 Stoddard County, Missouri?
The median gross rent in Stoddard County, Missouri is $736 per month, lower than the Missouri average of $995.
What was the median gross rent in Stoddard County in 2020?
In 2020, the median gross rent in Stoddard County, Missouri was $642 per month.
What is the price-to-rent ratio in Stoddard County, Missouri?
The price-to-rent ratio in Stoddard County, Missouri is about 6.4, meaning it would take roughly 6.4 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 Stoddard County.
Are home prices or rent rising faster in Stoddard County, Missouri?
Both home prices and rent are rising in Stoddard County, up about 2.9% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Stoddard County, Missouri?
60.1% of households in Stoddard County, Missouri own their home, about the same as the Missouri average.
What is the vacancy rate in Stoddard County, Missouri?
The housing vacancy rate in Stoddard County, Missouri is 15.0%, higher than the Missouri average of 11.6%.