Ray County, Missouri Housing Market
In Ray County, Missouri, the median home value is $198,800, with a median monthly rent of $782. This places Ray County at #1414 nationally out of 3134 counties by median home value, and #31 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: $946
- Establishments: 397
- BLS QCEW, 2025
Housing Supply
- Single-family: 64
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,327 (avg $66,707)
- Outflow: 8,836 (avg $66,733)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ray County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 64085 | 256.1 | +13.83% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Ray County Compares
| Metric | Ray County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $198,800 | $175,712 | $227,706 |
| Median Gross Rent | $782 | $782 | $968 |
| Owner Occupancy Rate | 77.3% | 73.7% | 73.3% |
| Price/Rent Ratio | 21.2 | 18.8 | 18.7 |
Market Analysis
The median home value in Ray County is 13.1% above the Missouri state average and 12.7% below the U.S. national average. The median rent of $782/month is about equal to the state average.
With a price-to-rent ratio of 21.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ray County has an owner-occupancy rate of 77.3%, compared to 73.7% in Missouri and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Grundy County | Iowa | $198,800 | $774 |
| Ingham County | Michigan | $198,800 | $1,084 |
| Franklin County | Kansas | $198,700 | $1,042 |
| Taylor County | Texas | $198,600 | $1,159 |
| Cullman County | Alabama | $199,100 | $908 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Louis city | $197,500 | $997 | 45.3% |
| Callaway County | $201,600 | $887 | 75.5% |
| Morgan County | $194,400 | $721 | 79.7% |
| Cooper County | $203,500 | $782 | 75.7% |
| Miller County | $192,600 | $763 | 73.9% |
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).