Shannon County, Missouri Housing Market
In Shannon County, Missouri, the median home value is $157,500, with a median monthly rent of $574. This places Shannon County at #2078 nationally out of 3134 counties by median home value, and #76 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $692
- Establishments: 222
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,846 (avg $45,955)
- Outflow: 2,595 (avg $45,644)
- IRS Statistics of Income
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| Metric | Shannon County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $157,500 | $175,712 | $227,706 |
| Median Gross Rent | $574 | $782 | $968 |
| Owner Occupancy Rate | 79.9% | 73.7% | 73.3% |
| Price/Rent Ratio | 22.9 | 18.8 | 18.7 |
Market Analysis
The median home value in Shannon County is 10.4% below the Missouri state average and 30.8% below the U.S. national average. The median rent of $574/month is 26.6% below 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.
Shannon County has an owner-occupancy rate of 79.9%, 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 |
|---|---|---|---|
| Cook County | Georgia | $157,500 | $956 |
| Montgomery County | New York | $157,500 | $940 |
| Pike County | Alabama | $157,600 | $856 |
| Pulaski County | Georgia | $157,600 | $883 |
| Coffey County | Kansas | $157,400 | $836 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. Clair County | $157,100 | $622 | 76.0% |
| Vernon County | $158,800 | $734 | 71.3% |
| Scotland County | $158,800 | $511 | 82.4% |
| Madison County | $159,000 | $808 | 73.7% |
| Randolph County | $159,300 | $760 | 71.4% |
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).