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Sarah Mitchell

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Compass Real Estate · Missouri

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Missouri housing market

The typical home in Missouri is worth $267,879, up 3.5% over the past year. Homes that actually closed went for a median of $297,500 after 27 days on market. On supply, pricing discipline, and speed of sale, Missouri currently reads as a seller's market at 2.1 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $1,430 a month in principal and interest with 20.0% down.

Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026

Missouri housing market at a glance

Every tile carries the provider and the month it was published

Typical home value

$267,879

+3.5% YoY · Zillow, August 2026

Median sale price

$297,500

Redfin, through May 2026

Typical asking rent

$1,434/mo

Median of 81 cities · Zillow, August 2026

30-yr fixed rate

7.03%

Freddie Mac via FRED, September 2026

Monthly P&I

$1,430

20.0% down, 30-yr fixed

Days on market

+1 days YoY

Active listings

15,448

+0.2% YoY

Median household income

$68,920

U.S. Census ACS, 2023

Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

Where Missouri home prices are heading

Missouri's typical home value is $267,879, up 3.5% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.

Against the national picture, Missouri runs 27.3% below the U.S. typical home value of $368,697, and its 12-month move of +3.5% is outpacing the national pace of +1.2%.

What would have to change for Missouri prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Missouri is carrying 2.1 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are +0.2% year over year and new listings -9.8%, which is close to flat. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.

Market trends

Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

What it costs to buy in Missouri at today's rate

Down payment

$53,576

20.0% of value

Loan amount

$214,303

30-yr fixed

Monthly P&I

$1,430

at 7.03%

Income needed

$61,286

28.0% front-end ratio

A buyer purchasing the typical Missouri home at $267,879 puts $53,576 down, finances $214,303, and pays $1,430 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.

Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $61,286. Missouri's median household earns $68,920 (Census ACS 2023) — a gap of $7,634 below what the median household brings in. Put differently, the median household would spend 24.9% of gross income on principal and interest alone — inside the ratio most lenders underwrite to.

The value-to-income ratio in Missouri is 3.9x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.

Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023

Buying in Missouri in the next 12 months?

Tell us your timeline. We send the Missouri market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.

Rent or buy in Missouri?

Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 81 largest Missouri cities that carry it: $1,434 a month. Set against a typical home value of $267,879, that is a price-to-rent ratio of 15.6x.

Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $4 less per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.

For a second read on the same question, the Census ACS puts median gross rent across all Missouri households — every unit type, not just what is currently listed — at $996 a month (2023), with 67.9% of Missouri households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.

Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.

Supply: what is on the market in Missouri

Missouri inventory, new listings, sales, and supply, latest month versus the same month a year earlier
Measure	Latest	Year earlier	Change
Active listings	15,448	15,419	+0.2%
New listings	9,983	11,064	-9.8%
Homes sold	7,419	7,838	-5.3%
Months of supply	2.1	2.0	+0.1
Sale-to-list ratio	98.1%	99.2%	Below asking

What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.

Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.

Where Missouri home values are moving fastest

12-month change in typical home value · Zillow, August 2026

Rising fastest

Falling

Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Missouri cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.

The most and least expensive cities in Missouri

Typical home value across the 150 largest cities · Zillow, August 2026

Most expensive

1.Ladue$1.38M
2.Clayton$887,161
3.Des Peres$708,245
4.Weldon Spring$639,567
5.Sunset Hills$627,906
6.Creve Coeur$623,227
7.Parkville$591,346
8.Wildwood$583,404
9.Chesterfield$576,404
10.Glendale$574,146

Most affordable

The spread between Ladue and Jennings is 19.7x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Murphy was the quickest of these markets to clear at 2 days on market (Redfin, through May 2026).

How Missouri compares

Missouri typical home value, 12-month change, median household income, and value-to-income ratio compared with the United States and neighboring states
Market	Typical value	12-mo change	Median income	Value / income
Missouri	$267,879	+3.5%	$68,920	3.9x
United States	$368,697	+1.2%	—	—
Illinois	$297,573	+5.3%	$81,702	3.6x
Tennessee	$334,108	+0.7%	$67,097	5.0x
Kansas	$249,603	+3.8%	$72,639	3.4x

The three states above are Missouri's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Kansas carries a lower typical home value than Missouri, which is what makes it the usual destination for equity-funded moves out of Missouri.

Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.

Missouri housing markets by city

637 cities tracked — the 60 largest by population shown

Kansas City

$253,549

St. Louis

Pop. 293K

Springfield

$245,882

Columbia

$324,526

Independence

$212,613

Lee's Summit

Pop. 103K

O'Fallon

$379,515

St. Joseph

Pop. 72K

St. Charles

Pop. 71K

Blue Springs

$311,297

St. Peters

Pop. 58K

Joplin

$207,169

Florissant

$194,823

Chesterfield

$576,404

Wentzville

$401,353

Jefferson City

$280,966

Cape Girardeau

$221,854

Wildwood

$583,404

Oakville

$364,225

University City

$269,331

Ballwin

$414,140

Liberty

$329,565

Raytown

$209,647

Kirkwood

$468,648

Mehlville

$253,511

Maryland Heights

$264,493

Gladstone

$271,193

Grandview

$222,946

Hazelwood

$163,445

Belton

$274,813

Nixa

$324,067

Raymore

$360,958

Webster Groves

$445,014

Ozark

$320,956

Sedalia

$189,852

Old Jamestown

Pop. 21K

Arnold

$276,004

Rolla

$243,244

Affton

$243,842

Warrensburg

$271,402

Republic

$270,014

Creve Coeur

$623,227

Ferguson

$115,594

Manchester

$378,545

Spanish Lake

$149,258

Concord

$336,759

Farmington

$259,689

Lake St. Louis

Pop. 18K

Kirksville

$155,518

Clayton

$887,161

Hannibal

$177,823

Lemay

$171,036

Poplar Bluff

$175,686

Sikeston

$163,648

Grain Valley

$329,267

Overland

$153,603

Jackson

$275,544

Carthage

$238,842

Lebanon

$237,138

Washington

$307,391

Browse all 637 Missouri cities Compare every state →

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What to do next in Missouri

If you are buying

Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Missouri home is $1,430/mo in P&I today.
Pick the city, not the state. Values across Missouri run from $70,223 in Jennings to $1.38M in Ladue.
Put two finalists head to head in the city comparison tool before you tour anything.
Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.

If you are selling

Price against your city, not the statewide figure — the spread between Missouri markets is wider than the year-over-year move in any of them.
Read the supply table above. At 2.1 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
Watch days on market in your city, not the state. The statewide median was 27 days (Redfin, through May 2026); your city page carries its own.
Time the listing against new-listing volume. New listings are -9.8% year over year — less competition than a year ago.

Missouri housing market questions

What is the typical home value in Missouri?

The typical home value in Missouri is $267,879 (Zillow, August 2026). That is a +3.5% change over the past 12 months. The median price of homes that actually sold was $297,500 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.

Are Missouri home prices going up or down?

Missouri home values are up 3.5% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.

How much income do you need to buy a home in Missouri?

At the current 30-year fixed rate of 7.03%, a $267,879 home with 20.0% down carries roughly $1,430 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $61,286 before taxes, insurance, HOA dues, or mortgage insurance are added. Missouri's median household income is $68,920 (Census ACS, 2023), a gap of $7,634 below the median household. These figures are illustrative, not a quote or a pre-approval.

Is it cheaper to rent or buy in Missouri?

Typical asking rent across the largest Missouri cities Zillow publishes rent data for is $1,434 a month (median of 81 cities, Zillow, August 2026). Against a typical home value of $267,879, that is a price-to-rent ratio of 15.6x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $4 less than that typical rent each month, before taxes, insurance, and maintenance.

Which Missouri cities are the most affordable?

Among the largest cities we track in Missouri, the lowest typical home values are in Jennings ($70,223), Glasgow Village ($82,752), Normandy ($91,042), Berkeley ($94,717), Bellefontaine Neighbors ($102,479). Values are Zillow's typical-home-value index for August 2026.

Which Missouri cities are the most expensive?

The highest typical home values among the largest Missouri cities are in Ladue ($1.38M), Clayton ($887,161), Des Peres ($708,245), Weldon Spring ($639,567), Sunset Hills ($627,906). Price per square foot, inventory, and days on market for each are on the individual city pages.

Which Missouri cities are appreciating the fastest?

Over the past 12 months the largest home-value gains among Missouri cities we track were in Poplar Bluff (+10.8%), Kennett (+9.3%), Mexico (+8.3%), Lebanon (+7.6%), Ladue (+7.6%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.

How long do homes take to sell in Missouri?

Homes in Missouri spent a median of 27 days on market in the last month Redfin published (Redfin, through May 2026). That is 1 days slower than the same month a year earlier. The quickest market among the state's largest cities was Murphy at 2 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

How does Missouri compare to neighboring states?

Missouri's typical home value of $267,879 compares with Illinois at $297,573, Tennessee at $334,108, Kansas at $249,603. The U.S. typical home value is $368,697, putting Missouri 27.3% below the national figure. Kansas is cheaper on a typical-value basis.

Is now a good time to buy in Missouri?

That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 2.1 months of supply statewide (Redfin, through May 2026), active listings +0.2% year over year, and home values +3.5% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.

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