Kennett, MO—63857
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kennett, MO
As of Oct '25, the median home price in Kennett, MO is $102,000, with a year-over-year change of -1.7%. This indicates that home prices in Kennett, MO are decreasing. According to Zillow, the 1-year price projection is -4.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $102,000 | -1.7% |
| Single Family | $102,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kennett, MO
As of July '25, Rentcast reports the average rent in Kennett, MO is $850, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Kennett, MO is 2-bedrooms: $850. The most common rental property sizes in Kennett, MO are 2-bedroom and 3-bedroom, accounting for 36.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kennett, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Kennett, MO is 73. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $110,000 | -5.0% |
Listing Count | 41 | -2.0% |
| Listings as % of Homes | 0.7% | -2.0% |
Days on Market | 73 | 14.0% |
Demographics — Kennett, MO
As of the latest ACS Survey released in 2023, Kennett, MO has a population of 12,000, which has decreased by -3.1% over the past 5 years. Kennett, MO is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | -3.1% |
% Under 18 | 27.0% | 15.9% |
% Seniors | 18.8% | 1.6% |
% WFH | 3.6% | 44.0% |
% w/ College Degree | 15.8% | -4.2% |
As of the latest ACS Survey released in 2023, Kennett, MO is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Kennett, MO is black, making up 11.9% of the population. Foreign-born residents account for 1.7% of the population in Kennett, MO, and this percentage has decreased by 22.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.6% | -4.4% |
% Black | 11.9% | -5.6% |
% Hispanic | 4.2% | -27.6% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 1.7% | -22.7% |
Mortgage and Risk — Kennett, MO
According to HUD data as of 2023, there were 73 mortgage originations in Kennett, MO, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Kennett, MO. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Kennett, MO
Kennett, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 548 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $650 |
| 2 Bedroom | $0 | $850 | $850 |
| 3 Bedroom | N/A | N/A | $1,110 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Kennett, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $102,000 |
| Median Household Income | $55,800 |