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 | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,277 | $136,017 | $242,182 |
| Price Trend (Annual %) | 4.7% | 5.0% | 8.2% |
| Median Gross Rent | $353 | $995 | $1,342 |
| Rent Trend (Annual %) | -1.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Worth County is about 3% higher than in Missouri. Rent is about 65% lower than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Worth County: home prices rose about 4.7% a year while rent fell about 1.8% a year. That is an unusual pattern worth watching.
Median rent in Worth County fell about 13.1% between 2015 and 2023, from $406 to $353. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Worth County.
Buying the median-priced home in Worth County costs roughly 33.1 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 Worth County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,277 | $136,017 | $242,182 |
| Median Household Income | $46,944 | $69,051 | $78,145 |
| Price-to-Income Ratio | 3.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2023, the median home price in Worth County rose about 19.4%, while median household income rose about 19.3% between 2009 and 2023 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 60.1% | 58.2% |
| Rental Rate | 15.9% | 28.4% | 31.3% |
| Vacancy Rate | 28.4% | 11.6% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Worth County has a homeownership rate of 55.7%, lower than the Missouri average of 60.1%. Its housing vacancy rate is 28.4%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Worth County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1958 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Worth County was built around 1958. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Worth County, Missouri.
What is the median home price in Worth County, Missouri?
The median home price in Worth County, Missouri is $140,277, higher than the Missouri average of $136,017.
What is the average home price in Worth 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 Worth County, Missouri?
The median gross rent in Worth County, Missouri is $353 per month, lower than the Missouri average of $995.
What was the median gross rent in Worth County in 2020?
In 2020, the median gross rent in Worth County, Missouri was $297 per month.
What is the price-to-rent ratio in Worth County, Missouri?
The price-to-rent ratio in Worth County, Missouri is about 33.1, meaning it would take roughly 33.1 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 Worth County.
Are home prices or rent rising faster in Worth County, Missouri?
Home prices and rent are moving in opposite directions in Worth County: home prices rose about 4.7% a year while rent fell about 1.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Worth County, Missouri?
55.7% of households in Worth County, Missouri own their home, lower than the Missouri average of 60.1%.
What is the vacancy rate in Worth County, Missouri?
The housing vacancy rate in Worth County, Missouri is 28.4%, higher than the Missouri average of 11.6%.