Phelps County, Missouri Housing Market
In Phelps County, Missouri, the median home value is $206,500, with a median monthly rent of $798. This places Phelps County at #1336 nationally out of 3134 counties by median home value, and #27 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: $959
- Establishments: 1,286
- BLS QCEW, 2025
Housing Supply
- Single-family: 59
- Multi-family: 42
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,365 (avg $63,679)
- Outflow: 15,232 (avg $64,421)
- IRS Statistics of Income
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| Metric | Phelps County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $206,500 | $175,712 | $227,706 |
| Median Gross Rent | $798 | $782 | $968 |
| Owner Occupancy Rate | 61.7% | 73.7% | 73.3% |
| Price/Rent Ratio | 21.6 | 18.8 | 18.7 |
Market Analysis
The median home value in Phelps County is 17.5% above the Missouri state average and 9.3% below the U.S. national average. The median rent of $798/month is 2.0% above the state average.
With a price-to-rent ratio of 21.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Phelps County has an owner-occupancy rate of 61.7%, 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 |
|---|---|---|---|
| Van Buren County | Michigan | $206,500 | $870 |
| Montague County | Texas | $206,400 | $1,008 |
| Bath County | Virginia | $206,700 | $736 |
| Columbia County | Pennsylvania | $206,200 | $943 |
| Pondera County | Montana | $206,100 | $784 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Polk County | $205,800 | $814 | 71.6% |
| Cooper County | $203,500 | $782 | 75.7% |
| Callaway County | $201,600 | $887 | 75.5% |
| Ray County | $198,800 | $782 | 77.3% |
| Andrew County | $215,400 | $961 | 76.7% |
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).