New Madrid County, Missouri Housing Market
In New Madrid County, Missouri, the median home value is $111,800, with a median monthly rent of $729. This places New Madrid County at #2771 nationally out of 3134 counties by median home value, and #105 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: $881
- Establishments: 865
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,900 (avg $55,945)
- Outflow: 5,682 (avg $57,000)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in New Madrid County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 63873 | 224.5 | — | 2025 |
| 2 | 63869 | 207.4 | +22.53% | 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 New Madrid County Compares
| Metric | New Madrid County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $111,800 | $175,712 | $227,706 |
| Median Gross Rent | $729 | $782 | $968 |
| Owner Occupancy Rate | 64.2% | 73.7% | 73.3% |
| Price/Rent Ratio | 12.8 | 18.8 | 18.7 |
Market Analysis
The median home value in New Madrid County is 36.4% below the Missouri state average and 50.9% below the U.S. national average. The median rent of $729/month is 6.8% below the state average.
With a price-to-rent ratio of 12.8, buying a home in New Madrid 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.
New Madrid County has an owner-occupancy rate of 64.2%, 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 |
|---|---|---|---|
| Knox County | Illinois | $111,900 | $788 |
| Lawrence County | Kentucky | $111,700 | $760 |
| Ontonagon County | Michigan | $111,700 | $540 |
| Richland County | Illinois | $112,000 | $805 |
| Pike County | Kentucky | $112,000 | $858 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grundy County | $112,500 | $696 | 69.7% |
| Oregon County | $113,300 | $639 | 74.9% |
| Harrison County | $109,500 | $703 | 71.4% |
| Mississippi County | $109,000 | $762 | 62.9% |
| Sullivan County | $115,600 | $673 | 75.1% |
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).