Bates County, Missouri Housing Market
In Bates County, Missouri, the median home value is $170,800, with a median monthly rent of $786. This places Bates County at #1789 nationally out of 3134 counties by median home value, and #50 within Missouri.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $838
- Establishments: 416
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,369 (avg $60,521)
- Outflow: 5,986 (avg $61,489)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Bates County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 64742 | 209.3 | -2.36% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Bates County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Bates County →How Bates County Compares
| Metric | Bates County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $170,800 | $175,712 | $227,706 |
| Median Gross Rent | $786 | $782 | $968 |
| Owner Occupancy Rate | 74.9% | 73.7% | 73.3% |
| Price/Rent Ratio | 18.1 | 18.8 | 18.7 |
Market Analysis
The median home value in Bates County is 2.8% below the Missouri state average and 25.0% below the U.S. national average. The median rent of $786/month is 0.5% above the state average.
With a price-to-rent ratio of 18.1, the buy-vs-rent decision in Bates County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Bates County has an owner-occupancy rate of 74.9%, compared to 73.7% in Missouri and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Gates County | North Carolina | $170,800 | $1,143 |
| Upshur County | West Virginia | $170,800 | $886 |
| Fayette County | Ohio | $170,700 | $822 |
| DeWitt County | Texas | $170,900 | $921 |
| Colbert County | Alabama | $171,000 | $887 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dade County | $170,600 | $683 | 77.0% |
| St. Francois County | $169,300 | $794 | 68.2% |
| DeKalb County | $169,200 | $817 | 71.1% |
| Crawford County | $172,600 | $795 | 69.2% |
| Ozark County | $168,600 | $631 | 82.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).