Rent vs. Buy in Marion County, MO

Should you rent or buy in Marion County? Here are the numbers.

Median Home Price

$150,900

Median Rent

$757/mo

Price-to-Rent Ratio

16.6x

Homeownership Rate

68.9%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$763
Property Tax$109
Insurance$50

Total Monthly$922

Renting

Monthly Rent$757
Renter's Insurance$25

Total Monthly$782

In Marion County, buying costs approximately $165/mo more than renting. This doesn't account for equity buildup, tax deductions, or home appreciation.

About Marion County, Missouri

Marion County in Missouri has a median household income of $62,492 and an effective property tax rate of 0.9%. With a price-to-rent ratio of 16.6x, the rent-vs-buy decision is nuanced and depends on your timeline.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Missouri

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.