Cole County, Missouri Housing Market
In Cole County, Missouri, the median home value is $229,600, with a median monthly rent of $834. This places Cole County at #1085 nationally out of 3134 counties by median home value, and #15 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: $1,121
- Establishments: 2,385
- BLS QCEW, 2025
Housing Supply
- Single-family: 135
- Multi-family: 19
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 32,478 (avg $78,031)
- Outflow: 30,878 (avg $79,364)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Cole County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 65032 | 274.5 | — | 2025 |
| 2 | 65023 | 277.1 | +20.83% | 2025 |
| 3 | 65074 | 252.9 | +3.92% | 2025 |
| 4 | 65109 | 239.0 | +8.69% | 2025 |
| 5 | 65053 | 233.3 | — | 2025 |
| 6 | 65040 | 195.9 | +6.04% | 2022 |
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 Cole County Compares
| Metric | Cole County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $229,600 | $175,712 | $227,706 |
| Median Gross Rent | $834 | $782 | $968 |
| Owner Occupancy Rate | 67.9% | 73.7% | 73.3% |
| Price/Rent Ratio | 22.9 | 18.8 | 18.7 |
Market Analysis
The median home value in Cole County is 30.7% above the Missouri state average and 0.8% above the U.S. national average. The median rent of $834/month is 6.6% above the state average.
With a price-to-rent ratio of 22.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Cole County has an owner-occupancy rate of 67.9%, 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 |
|---|---|---|---|
| Harrison County | Indiana | $229,600 | $836 |
| Baltimore city | Maryland | $229,600 | $1,331 |
| Grant County | Oregon | $229,700 | $789 |
| Lincoln County | Tennessee | $229,700 | $857 |
| Simpson County | Kentucky | $229,400 | $1,012 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Webster County | $228,800 | $789 | 77.4% |
| Jackson County | $230,500 | $1,197 | 59.1% |
| Franklin County | $227,600 | $893 | 76.5% |
| Clinton County | $226,800 | $1,008 | 75.7% |
| Johnson County | $235,700 | $932 | 63.5% |
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).