Platte City, MO—64079
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Platte City, MO
Home Price Trends — Platte City, MO
As of Oct '25, the median home price in Platte City, MO is $387,000, with a year-over-year change of 1.0%. This indicates that home prices in Platte City, MO are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 1.0% |
| Single Family | $388,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $233,000 | 3.6% |
3 Bed | $329,000 | 1.2% |
4 Bed | $482,000 | 0.4% |
| 5 Bed | $617,000 | 0.3% |
% of Housing Stock
Rental Trends — Platte City, MO
As of July '25, Rentcast reports the average rent in Platte City, MO is $1,680, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Platte City, MO is studios: $749, 1-bedrooms: $877, 2-bedrooms: $1,180, 3-bedrooms: $1,860, 4-bedrooms: $2,790. The most common rental property sizes in Platte City, MO are 2-bedroom and 3-bedroom, accounting for 50.9% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | $734 | $749 |
| 1 Bed Rent | $795 | $877 |
| 2 Bed Rent | $1,200 | $1,180 |
| 3 Bed Rent | $1,800 | $1,860 |
| 4 Bed Rent | $2,920 | $2,790 |
% of Rental Stock
Property Listings — Platte City, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Platte City, MO is 61. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $589,000 | 3.0% |
Listing Count | 80 | -1.0% |
| Listings as % of Homes | 1.1% | -1.0% |
Days on Market | 61 | -5.0% |
Demographics — Platte City, MO
As of the latest ACS Survey released in 2023, Platte City, MO has a population of 14,100, which has decreased by -2.7% over the past 5 years. Platte City, MO is a popular place for families, as children make up 28.0% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | -2.7% |
% Under 18 | 28.0% | 0.4% |
% Seniors | 12.9% | 10.3% |
% WFH | 17.4% | 295.5% |
% w/ College Degree | 45.1% | 23.2% |
As of the latest ACS Survey released in 2023, Platte City, MO is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Platte City, MO is hispanic, making up 4.6% of the population. Foreign-born residents account for 2.7% of the population in Platte City, MO, and this percentage has increased by 22.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.0% | -2.7% |
% Black | 3.7% | 42.3% |
% Hispanic | 4.6% | -2.1% |
% Asian | 1.1% | 175.0% |
% Foreign Born | 2.7% | 22.7% |
Mortgage and Risk — Platte City, MO
According to HUD data as of 2023, there were 450 mortgage originations in Platte City, MO, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Platte City, MO. Investor activity is low, as 6.0% 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 | 450 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Platte City, MO
As of 2024, the percent of homes in Platte City, MO under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Platte City, MO, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $585 | $795 | $1,380 |
| 2 Bedroom | $370 | $1,200 | $1,570 |
| 3 Bedroom | $250 | $1,800 | $2,050 |
| 4 Bedroom | -$500 | $2,920 | $2,420 |
Affordability — Platte City, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $387,000 |
| Median Household Income | $100,000 |