Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$389,181+2.2% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$84,366About 0.9× the local median income ($92,305): affordable for a typical household
Days on market60 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Platte County, MO is worth $389,181, up 2.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $311,551, so the area is 24.9% overvalued. It is a balanced market: homes take about 60 days to sell, listings are up 9% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $84,366 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,305. Typical rent is $1,603 a month, or $1,873 for a house. In the latest IRS figures, 504 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$389,181
Change in 1 year
+2.2%
Overvalued %
+24.9%
Show 7 more
Fair home value
$311,551
Change in 5 years
+19.8%
Zillow forecast, next 12 months
+2.9%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$2,109
Income needed to afford it
$84,366
Property tax rate
1.05%
Rent and investing
Typical rent
$1,603
Typical rent for houses
$1,873
Price-to-rent ratio
20.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,546
Gross rental yield
4.94%
Cap rate (estimate)
3.21%
Market activity
Listings vs a year ago
+9.1%
Days on market
60
Listings with a price cut
22.2%
Show 3 more
Homes for sale
370
Pending sales per 100 listings
54
Asking price per sq ft
$202
People and jobs
Median household income
$92,305
Population change (1 year)
+1.2%
Unemployment rate
2.7%
Show 4 more
Population
114,400
Income adjusted for cost of living
$99,789
Net moves in (IRS)
+504
Cost of living (US = 100)
92.5
Schools, risk and environment
School rating (1 to 10)
8.2
FEMA hazard risk score (0 to 100)
71.4
Flood risk score
65.9
Show 3 more
Wildfire risk score
60.6
Walkability (1 to 20)
8.4
Road, rail and air noise
53 dB
Questions people ask
Is Platte County, MO overvalued?
Home prices in Platte County, MO are well above what local incomes have historically supported: fair value is about $311,551, so the area is 24.9% overvalued.
Is Platte County, MO a buyer's or seller's market?
Platte County, MO is a balanced market: homes take about 60 days to sell, listings are up 9% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Platte County, MO?
Home values in Platte County, MO are up 2.2% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Platte County, MO?
A household needs about $84,366 a year to afford the typical home in Platte County, MO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,305.