Wright County, Missouri Housing Market

In Wright County, Missouri, the median home value is $160,100, with a median monthly rent of $625. This places Wright County at #2015 nationally out of 3134 counties by median home value, and #69 within Missouri.

Median Home Value $160,100
Median Rent $625/mo
Owner Occupancy 77.1%
Price/Rent Ratio 21.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Wright County rose +2.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

3,702
jobs (private sector)
  • Avg weekly wage: $801
  • Establishments: 560
  • BLS QCEW, 2025
🏗️

Housing Supply

31
new units authorized (2025)
  • Single-family: 25
  • Multi-family: 6
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+435
net migration (filers, 2021-2022)
  • Inflow: 6,617 (avg $51,508)
  • Outflow: 6,182 (avg $51,066)
  • IRS Statistics of Income

How Wright County Compares

MetricWright CountyMissouri AverageU.S. Average
Median Home Value $160,100 $175,712 $227,706
Median Gross Rent $625 $782 $968
Owner Occupancy Rate 77.1% 73.7% 73.3%
Price/Rent Ratio 21.3 18.8 18.7

Market Analysis

The median home value in Wright County is 8.9% below the Missouri state average and 29.7% below the U.S. national average. The median rent of $625/month is 20.1% below the state average.

With a price-to-rent ratio of 21.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Wright County has an owner-occupancy rate of 77.1%, 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

CountyStateMedian Home ValueMedian Rent
Garfield County Oklahoma $160,100 $919
Crittenden County Arkansas $160,200 $911
Scott County Kansas $160,000 $685
Henry County Tennessee $160,200 $761
Putnam County Florida $160,300 $906

Other Counties in Missouri

CountyMedian Home ValueMedian RentOwner Occ.
Henry County $160,600 $768 75.0%
Howard County $159,400 $832 78.7%
Carter County $159,400 $656 60.7%
Chariton County $160,900 $567 83.5%
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).