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Boone County, MO

RANK #349 / 996  ·  POP 184,043  ·  MO

PROJECTED GROWTH: +1.3%

Boone County combines solid growth with real affordability — a rare combination.

[01] Why Boone County?

Boone County, Missouri, is perhaps best known as home to the University of Missouri in Columbia, the state's flagship university and the first public university west of the Mississippi River. Located in central Missouri, the county is situated halfway between St. Louis and Kansas City, with Interstate 70 providing a direct route for commuters. The community offers a blend of urban amenities in Columbia and smaller town charm in places like Ashland and Rocheport. Outdoor recreation is accessible with areas like Rock Bridge Memorial State Park and the Katy Trail, which spans the state, offering opportunities for hiking, biking, and enjoying natural scenery.

Life in Boone County appeals to a diverse population, including families, young professionals, and retirees, drawn by its educational institutions and healthcare options. Public schools in the county are generally above average, with districts like Columbia and Southern Boone County R-I noted for their performance. The economy is diverse, with education and healthcare serving as major employment sectors, anchored by the University of Missouri and large healthcare providers. Recent economic activity also includes investments in manufacturing and technology, contributing to the county's economic landscape.

[02] Market Snapshot

Housing Ratio
4.0x

Below national median (4.7x)

GDP Growth
+7.2%

Well above national median

Home Prices
+2.4%

Outpacing national median

Climate & Terrain
-0.0

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Boone County U.S. National

The Numbers

DEMOGRAPHICS
Population
184,043
+1.03% YoY
Median Household Income
$66,564
Median Home Value
$237,600
+2.42% 12mo
Median Rent
$994
Average Annual Pay
$59,677
+6.8% YoY
Employment
98,657
+0.2% YoY
Income-to-Home-Value
0.2802
More affordable than average
Migration Inflow
4.55%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$334,000
Days on Market
38
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
98.1%
Near asking price
Listings w/ Price Drops
17.4%
Building Permits (2024)
1,303
Single-Family Permits
740

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$232M
TOTAL
PROJECT AMOUNT STATUS
MU Combined Heat and Power Plant
Curators of the University of Missouri
$82M Operating
Columbia (MO) Natural Gas Power Plant
City of Columbia - (MO)
$50M Operating
Amazon Warehouse WMO3
Amazon
$50M Operating
New Residential Construction (Multiple Developments)
Various Home Builders
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.2% 94 percentile
Population Growth +1.0% 72 percentile
Income Growth +6.2% 10 percentile
Vacancy Rate 1.9% 10 percentile
Home Price Change +2.4% 64 percentile
Rent Growth +4.5% 74 percentile
Price/Rent 14x 43 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Boone County, MO a good place to move to?

Boone County has a Boom Town Index score of 65/100, ranking #349 among 996 U.S. counties. With job growth at +0.2% and a median household income of $66,564, it's an above-average county on economic indicators.

Is Boone County affordable?

The median home value in Boone County is $237,600 with median rent at $994/month. The income-to-home-value ratio is 0.2802, which is more affordable than the national average.

Is Boone County growing or shrinking?

Population growth: +1.0% year-over-year. Job growth: +0.2%. Home values changed +2.4% in the past 12 months.

Are people moving to Boone County?

Yes — 4.55% of Boone County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Lycoming County, PA 75 Hancock County, IN 75 Matanuska-Susitna Borough, AK 75 Granville County, NC 75 Bradford County, PA 75 Douglas County, KS 75 Albany County, NY 75 Comanche County, OK 75