Wayne County, Missouri Housing Market
In Wayne County, Missouri, the median home value is $107,400, with a median monthly rent of $665. This places Wayne County at #2829 nationally out of 3134 counties by median home value, and #108 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: $748
- Establishments: 351
- BLS QCEW, 2025
Migration Patterns
- Inflow: 4,061 (avg $47,811)
- Outflow: 3,818 (avg $47,893)
- IRS Statistics of Income
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| Metric | Wayne County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $107,400 | $175,712 | $227,706 |
| Median Gross Rent | $665 | $782 | $968 |
| Owner Occupancy Rate | 75.1% | 73.7% | 73.3% |
| Price/Rent Ratio | 13.5 | 18.8 | 18.7 |
Market Analysis
The median home value in Wayne County is 38.9% below the Missouri state average and 52.8% below the U.S. national average. The median rent of $665/month is 15.0% below the state average.
With a price-to-rent ratio of 13.5, buying a home in Wayne 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.
Wayne County has an owner-occupancy rate of 75.1%, 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 |
|---|---|---|---|
| Marengo County | Alabama | $107,400 | $716 |
| Dooly County | Georgia | $107,400 | $758 |
| Concho County | Texas | $107,400 | $733 |
| McDonough County | Illinois | $107,500 | $761 |
| Blackford County | Indiana | $107,500 | $699 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Atchison County | $106,800 | $631 | 76.8% |
| Mississippi County | $109,000 | $762 | 62.9% |
| Harrison County | $109,500 | $703 | 71.4% |
| Mercer County | $104,900 | $590 | 81.0% |
| New Madrid County | $111,800 | $729 | 64.2% |
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).