Boone County, Missouri Housing Market
In Boone County, Missouri, the median home value is $272,800, with a median monthly rent of $1,088. This places Boone County at #765 nationally out of 3134 counties by median home value, and #8 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: $1,070
- Establishments: 5,107
- BLS QCEW, 2025
Housing Supply
- Single-family: 611
- Multi-family: 176
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 71,219 (avg $94,968)
- Outflow: 66,847 (avg $96,848)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Boone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 65279 | 260.7 | +4.44% | 2025 |
| 2 | 65063 | 314.8 | +4.72% | 2025 |
| 3 | 65039 | 271.2 | -3.61% | 2025 |
| 4 | 65256 | 286.2 | +3.12% | 2025 |
| 5 | 65201 | 249.8 | +0.80% | 2025 |
| 6 | 65203 | 256.4 | +5.43% | 2025 |
| 7 | 65255 | 249.5 | +4.89% | 2025 |
| 8 | 65202 | 243.1 | +5.00% | 2025 |
| 9 | 65010 | 241.3 | +1.24% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Boone County Compares
| Metric | Boone County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $272,800 | $175,712 | $227,706 |
| Median Gross Rent | $1,088 | $782 | $968 |
| Owner Occupancy Rate | 57.7% | 73.7% | 73.3% |
| Price/Rent Ratio | 20.9 | 18.8 | 18.7 |
Market Analysis
The median home value in Boone County is 55.3% above the Missouri state average and 19.8% above the U.S. national average. The median rent of $1,088/month is 39.1% above the state average.
With a price-to-rent ratio of 20.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Boone County has an owner-occupancy rate of 57.7%, compared to 73.7% in Missouri and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Otter Tail County | Minnesota | $273,000 | $868 |
| Pike County | Pennsylvania | $272,600 | $1,378 |
| Natrona County | Wyoming | $273,000 | $1,016 |
| Wheeler County | Oregon | $272,400 | $870 |
| Franklin County | Florida | $273,300 | $1,049 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Christian County | $274,900 | $1,058 | 75.9% |
| Clay County | $275,600 | $1,243 | 69.5% |
| St. Louis County | $276,800 | $1,209 | 69.2% |
| Warren County | $260,400 | $995 | 80.2% |
| Cass County | $292,400 | $1,205 | 75.6% |
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).