Joplin, MO Housing Market
AI-powered market intelligence for the Joplin, MO-KS metro area.
PropertyIQ Scores
Joplin, MO Market Analysis
Market Overview
Joplin’s housing market reads as a moderate, mixed market. The PropertyIQ Score of 57 out of 100 places it in the middle range: not the surge of a high-momentum market, but not weak. The score is shaped by a positive 12-month home value momentum of 4.43%, a negative 3-month momentum of -1.30%, a median days-on-market figure of 46 days, and a 16.2% share of listings with a price cut. These inputs suggest a market where annual price growth has been present but short-term conditions have cooled.
Compared with state benchmarks, Joplin’s median home value of $226,215 is below the state average of $250,918, while its rent index of $1,304 is above the state average of $1,029. The local unemployment rate is 3.3%, lower than the state average of 3.8%. Median household income is $60,146, below the state average of $72,639. This combination points to a market with relatively lower home prices and stronger employment than the state, but incomes that do not match state levels.
Key Trends
One trend is the split between annual and short-term price momentum. The 12-month home value momentum is 4.43%, but the 3-month momentum is -1.30%, and the listed home value year-over-year change is $4. That pattern suggests earlier price gains have flattened or reversed slightly in the most recent period. The median home value sits at $226,215.
A second trend is inventory and price adjustment. With 689 homes for sale, a median of 46 days on market, and 16.2% of listings showing a price cut, the market is not moving at a rapid pace. Sellers are using price reductions to attract buyers, and homes are taking more than six weeks on average to sell.
A third trend is affordability relative to local income. The median home value of $226,215 is below the state average of $250,918, but the local median household income of $60,146 is also below the state average of $72,639. The gap means housing costs are lower in absolute terms, but local earning power is also lower. This can create affordability pressure for some buyers even at lower price points.
A fourth trend is rental strength. The rent index of $1,304 is well above the state benchmark of $1,029. Combined with a lower local unemployment rate of 3.3%, this points to a rental market that may be more competitive or supply-constrained relative to the state. Population growth data is not available, so the underlying demographic driver for that rental strength cannot be assessed.
Who Is This Market For
This market can suit first-time buyers who prioritize lower purchase prices. The median home value of $226,215 is roughly $24,700 below the state average, which may create a more attainable entry point. However, with median household income at $60,146, those buyers may still need to weigh monthly costs carefully, especially as the rent index of $1,304 is above the state average.
Investors may also see potential. The rent index of $1,304 is higher than the state average of $1,029, and the unemployment rate of 3.3% is below the state average of 3.8%. A 16.2% share of listings with price cuts and a median of 46 days on market may offer room to negotiate on purchase price. Those conditions can be attractive for buy-and-hold rental investors focused on cash flow.
Move-up buyers or sellers may face a more balanced environment. Homes for sale total 689, and the short-term momentum reading of -1.30% suggests less urgency than a rapidly appreciating market. Buyers expecting strong short-term price gains may not find that profile in the current data.
Outlook
The data supports a cautious but not negative outlook. The 12-month home value momentum of 4.43% shows some annual price resilience, while the 3-month momentum of -1.30%, median days on market of 46, and 16.2% share of listings with a price cut point to a cooling or more balanced near-term market. With 689 homes for sale, buyers may continue to have negotiation room. The local unemployment rate of 3.3% remains below the state average, and the rent index of $1,304 is above the state average, which could support housing demand. However, median household income of $60,146 is below the state average, and population growth data is not available, so the strength of long-term demand cannot be determined from the provided metrics. If the short-term cooling persists, annual price momentum could moderate further, but the current numbers do not indicate a sharp downturn.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Joplin, MO market data
Joplin, MO Housing Market Overview
Joplin, MO's median home value is $226K, up 4.4% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 57 sits right around the state average of 50.
The Joplin, MO metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Joplin, MO's PropertyIQ Score of 57 tracks near the Midwest norm.
For the Joplin, MO market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 4.4% over the past year.
Explore the interactive map to see how Joplin, MO compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Joplin, MO metro area
ZIP codes in the Joplin, MO metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Joplin, MO a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Joplin, MO currently scores 57, a steady-momentum reading that leaves it tracking close to its state average. For buyers, a balanced market means neither side holds a decisive edge, giving you time to shop carefully without racing the clock. Backing that up, the median home value here is $226K, up 4.4% over the past year. So whether Joplin, MO is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Joplin, MO?
Joplin, MO's PropertyIQ Score is 57, indicating steady momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 57 places Joplin, MO above its state benchmark.
Are home prices in Joplin, MO rising or falling?
Home prices in Joplin, MO are rising. Over the past year, the median home value increased 4.4%, reaching $226K. Over the latest three months, values slipped 1.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Joplin, MO's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Joplin, MO?
In Joplin, MO, homes sell in a median of 46 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 16% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Joplin, MO market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.