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Boone County, MO

RANK #431 / 1001 NAT  ·  #15 / 22 MO  ·  POP 188,043

1YR FORECAST: +1.1%

5YR OUTLOOK: +29%

Boone County's housing market is projected to grow +1.1% over the next year, tracking near the national average.

[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.

MARKET PROFILE

Idiosyncratic Markets

Boone County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.4% YoY, population +1.2%, wages +4.2%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
8.2x

Overvalued relative to economy

Home Prices
+2.4%

Above national median

Climate & Terrain
-0.0

Below-average climate & terrain

Price/Rent
16x

Above national median (15x)

Housing looks overvalued at 8.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Missouri Education
    5,000+
  2. 2
    MU Health Care Healthcare
  3. 3
    Columbia Public Schools Education
    2,500+
  4. 4
    Veterans United Home Loans Finance
  5. 5
    Harry S. Truman Memorial Veterans' Hospital Healthcare
    1,000+
  6. 6
    City of Columbia Government
  7. 7
    Boone Health Healthcare
  8. 8
    Shelter Insurance Companies Finance
  9. 9
    Hubbell Power Systems, Inc. Manufacturing
    500+
  10. 10
    EquipmentShare Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Boone County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
188,043
+1.17% YoY
Median Household Income
$72,758
Median Home Value
$272,800
+2.4% 12mo
Median Rent
$1,088
Average Annual Pay
$62,189
+4.2% YoY
Employment
100,070
+1.4% YoY
Income-to-Home-Value
0.2667
More affordable than average
Migration Inflow
4.7%
of pop. from another state
Bachelor's Degree+
51.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$333,200
Days on Market
14
Very hot — homes selling fast
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
0.4%
Listings w/ Price Drops
33.2%
Building Permits (2025)
787
Single-Family Permits
611

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

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.7
per 100K · nat avg 6.3
Firearm Fatalities
16.4
per 100K · nat avg 14.8
Injury Deaths
70.2
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.0
Good
Good Air Days
90%
663 of 734 days
Unhealthy+ Days (3yr)
5
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
37
2022
38
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Score Breakdown

Population Growth +1.2% 71 percentile
Income Growth +4.1% 79 percentile
Vacancy Rate 1.3% 28 percentile
Home Price Change +2.4% 61 percentile
Rent Growth +5.6% 83 percentile
Price/Rent 16x 46 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Boone County scores 57/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#431). Median household income is $72,758 and job growth is running at +1.4%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Boone County affordable?

Housing in Boone County is roughly in line with national affordability norms. The median home costs $272,800 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,088/month. Not a bargain, but not a stretch for most local earners either.

Is Boone County growing or shrinking?

Boone County is growing on multiple fronts. Population is up +1.2% year-over-year while employers added jobs at a +1.4% clip. Home values shifted +2.4% in the past year.

Are people moving to Boone County?

There's a moderate stream of newcomers. About 4.7% of residents moved from another state, which is above average and suggests Boone County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Greene County, MO 60 Christian County, MO 53 Jackson County, MO 62 Cass County, MO 51 Cape Girardeau County, MO 70 Taney County, MO 70 Rensselaer County, NY 57 Lafayette Parish, LA 57