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 | Stone County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,858 | $136,017 | $242,182 |
| Price Trend (Annual %) | 36.5% | 5.0% | 8.2% |
| Median Gross Rent | $892 | $995 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stone County is about 1% higher than in Missouri. Rent is about 10% 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 Stone County, up about 36.5% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Stone County rose about 29.7% between 2015 and 2023, from $687 to $892. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Stone County.
Buying the median-priced home in Stone County costs roughly 12.8 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 Stone County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Stone County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,858 | $136,017 | $242,182 |
| Median Household Income | $61,909 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stone County rose about 7.9%, while median household income rose about 51.4% 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 | Stone County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.3% | 60.1% | 58.2% |
| Rental Rate | 10.6% | 28.4% | 31.3% |
| Vacancy Rate | 35.1% | 11.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Stone County has a homeownership rate of 54.3%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 35.1%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Stone County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1992 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Stone County was built around 1992. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stone County, Missouri.
What is the median home price in Stone County, Missouri?
The median home price in Stone County, Missouri is $136,859, higher than the Missouri average of $136,017.
What is the average home price in Stone 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 Stone County, Missouri?
The median gross rent in Stone County, Missouri is $892 per month, lower than the Missouri average of $995.
What was the median gross rent in Stone County in 2020?
In 2020, the median gross rent in Stone County, Missouri was $707 per month.
What is the price-to-rent ratio in Stone County, Missouri?
The price-to-rent ratio in Stone County, Missouri is about 12.8, meaning it would take roughly 12.8 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 Stone County.
Are home prices or rent rising faster in Stone County, Missouri?
Both home prices and rent are rising in Stone County, up about 36.5% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stone County, Missouri?
54.3% of households in Stone County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Stone County, Missouri?
The housing vacancy rate in Stone County, Missouri is 35.1%, higher than the Missouri average of 11.6%.