Carter County, Missouri Housing Market
In Carter County, Missouri, the median home value is $159,400, with a median monthly rent of $656. This places Carter County at #2032 nationally out of 3134 counties by median home value, and #71 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $655
- Establishments: 234
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,064 (avg $49,745)
- Outflow: 2,006 (avg $49,418)
- IRS Statistics of Income
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| Metric | Carter County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,400 | $175,712 | $227,706 |
| Median Gross Rent | $656 | $782 | $968 |
| Owner Occupancy Rate | 60.7% | 73.7% | 73.3% |
| Price/Rent Ratio | 20.2 | 18.8 | 18.7 |
Market Analysis
The median home value in Carter County is 9.3% below the Missouri state average and 30.0% below the U.S. national average. The median rent of $656/month is 16.1% below the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Carter County has an owner-occupancy rate of 60.7%, 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 |
|---|---|---|---|
| Martin County | Indiana | $159,400 | $697 |
| Howard County | Missouri | $159,400 | $832 |
| Greensville County | Virginia | $159,400 | $969 |
| Jackson County | Alabama | $159,500 | $780 |
| Buena Vista County | Iowa | $159,500 | $894 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Howard County | $159,400 | $832 | 78.7% |
| Randolph County | $159,300 | $760 | 71.4% |
| Madison County | $159,000 | $808 | 73.7% |
| Vernon County | $158,800 | $734 | 71.3% |
| Scotland County | $158,800 | $511 | 82.4% |
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).