Vernon County, Missouri Housing Market Prices
Vernon 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 34% below the Missouri median$96,250
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Median rent 29% below the Missouri median$733
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vernon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,250 | $145,462 | $248,835 |
| Price Trend (Annual %) | 4.5% | 5.2% | 7.5% |
| Median Gross Rent | $733 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vernon County is about 34% lower than in Missouri. Rent is about 29% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Vernon County, up about 4.5% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Vernon County rose about 17.2% between 2015 and 2024, from $626 to $733. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Vernon County.
Buying the median-priced home in Vernon County costs roughly 10.9 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 Vernon County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Vernon County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,250 | $145,462 | $248,835 |
| Median Household Income | $52,977 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vernon County rose about 26.7%, while median household income rose about 48.8% between 2009 and 2025 — 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 | Vernon County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 60.5% | 58.5% |
| Rental Rate | 24.9% | 28.3% | 31.2% |
| Vacancy Rate | 13.1% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Vernon County has a homeownership rate of 61.9%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 13.1%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Vernon County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1974 | 1978 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Vernon County was built around 1974. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Vernon County, MO Housing Compared With Nearby Counties
How Vernon County, MO compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vernon County, MO | 19,687 | $96,250 #1/2 | $733 #2/2 | 71.3% #2/2 |
| Bates County, MO | 16,186 | $95,813 | $786 | 74.9% |
Frequently Asked Questions
Common questions about the housing market in Vernon County, Missouri.
What is the median home price in Vernon County, Missouri?
The median home price in Vernon County, Missouri is $96,250, lower than the Missouri average of $145,462.
What is the average home price in Vernon County, Missouri?
The typical home price in Vernon County, Missouri, reported as the median sale price, is $96,250. 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 Vernon County, Missouri?
The median gross rent in Vernon County, Missouri is $733 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Vernon County in 2020?
In 2020, the median gross rent in Vernon County, Missouri was $654 per month.
What is the price-to-rent ratio in Vernon County, Missouri?
The price-to-rent ratio in Vernon County, Missouri is about 10.9, meaning it would take roughly 10.9 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 Vernon County.
Are home prices or rent rising faster in Vernon County, Missouri?
Both home prices and rent are rising in Vernon County, up about 4.5% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vernon County, Missouri?
61.9% of households in Vernon County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Vernon County, Missouri?
The housing vacancy rate in Vernon County, Missouri is 13.1%, higher than the Missouri average of 11.2%.
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