Columbia, MO
Boone County · Pop. 126,254
Ranked #61 of 243 cities
52Moderate
Median Home Price
🏠$240K
3.5% YoY
Median Rent
🔑$1,150
2.5% YoY
Median Income
💰$48K
Rent Burden
📊30.5%
% of income to rent
Income to Buy
🏦$69K
annual income needed
Income to Rent
📝$46K
annual income needed
Price-to-Income
⚖️5.0x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$1,277/mo
Est. mortgage (7%, 20% down)
Need $69K/yr income
Rent
$1,150/mo
Median rent
Need $46K/yr income
How Columbia Compares
| Metric | Columbia | Missouri | National |
|---|---|---|---|
| Home Price | $240K | $234K | $410K |
| Rent | $1,150 | $1,019 | $1,500 |
| Income | $48K | $69K | $75K |
| Rent Burden | 30.5% | 28.5% | 30.0% |
Key Takeaways
- • Home prices in Columbia are 41% lower than the national average.
- • Rent is 23% lower than the national average.
- • You need an income of $69K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.