Jasper County, Missouri Housing Market

In Jasper County, Missouri, the median home value is $166,900, with a median monthly rent of $973. This places Jasper County at #1865 nationally out of 3134 counties by median home value, and #60 within Missouri.

Median Home Value $166,900
Median Rent $973/mo
Owner Occupancy 62.8%
Price/Rent Ratio 14.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Jasper County rose +3.7% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

50,287
jobs (private sector)
  • Avg weekly wage: $1,016
  • Establishments: 3,404
  • BLS QCEW, 2025
🏗️

Housing Supply

545
new units authorized (2025)
  • Single-family: 467
  • Multi-family: 78
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+2661
net migration (filers, 2021-2022)
  • Inflow: 46,801 (avg $63,703)
  • Outflow: 44,140 (avg $64,673)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 6 active ZIP codes in Jasper County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 64840 280.1 +0.36% 2024
2 64870 232.9 +6.84% 2025
3 64804 241.9 +2.59% 2025
4 64801 235.9 +4.11% 2025
5 64836 229.1 +5.27% 2025
6 64834 238.3 +3.96% 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.

How Jasper County Compares

MetricJasper CountyMissouri AverageU.S. Average
Median Home Value $166,900 $175,712 $227,706
Median Gross Rent $973 $782 $968
Owner Occupancy Rate 62.8% 73.7% 73.3%
Price/Rent Ratio 14.3 18.8 18.7

Market Analysis

The median home value in Jasper County is 5.0% below the Missouri state average and 26.7% below the U.S. national average. The median rent of $973/month is 24.4% above the state average.

With a price-to-rent ratio of 14.3, buying a home in Jasper County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.

Jasper County has an owner-occupancy rate of 62.8%, 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

CountyStateMedian Home ValueMedian Rent
Pulaski County Kentucky $166,900 $803
Somerset County Maine $166,900 $910
George County Mississippi $166,900 $844
Douglas County South Dakota $166,900 $877
Rush County Indiana $166,800 $873

Other Counties in Missouri

CountyMedian Home ValueMedian RentOwner Occ.
Caldwell County $166,500 $640 78.2%
Dent County $167,500 $660 75.9%
Pettis County $166,300 $885 69.1%
Buchanan County $166,300 $902 66.3%
Cedar County $168,100 $767 74.1%

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).