Advance, MO housing market
The typical Advance home is worth about $153,000, up 13.8% in a year, 43% below the Missouri typical home.
Home values, sales, trends and how Advance compares with the towns next door — updated as new data is published.
Advance at a glance
Typical home value, 2016–2026
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| January | Advance | Missouri |
|---|---|---|
| 2017 | $89,000 | $148,000 |
| 2018 | $89,000 | $156,000 |
| 2019 | $94,000 | $165,000 |
| 2020 | $102,000 | $173,000 |
| 2021 | $111,000 | $193,000 |
| 2022 | $123,000 | $219,000 |
| 2023 | $133,000 | $237,000 |
| 2024 | $133,000 | $247,000 |
| 2025 | $141,000 | $258,000 |
| 2026 | $142,000 | $263,000 |
| August 2026 | $153,000 | $268,000 |
No new homes permitted in 2025
No permits for new homes were issued in Advance in 2025. The last year with any was 2021 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Advance gained 2 residents while 30 new homes were permitted: about 0.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Missouri: 1.1 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $688,000 |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 1 | 1 | 0 | $60,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $150,000 |
| 2018 | 2 | 2 | 0 | $260,000 |
| 2017 | 1 | 1 | 0 | $165,000 |
| 2016 | 3 | 3 | 0 | $431,000 |
| 2015 | 7 | 1 | 6 | $450,000 |
| 2014 | 2 | 2 | 0 | $275,000 |
| 2013 | 9 | 9 | 0 | $462,000 |
| 2012 | 2 | 2 | 0 | $160,000 |
| 2011 | 2 | 2 | 0 | $140,000 |
| 2010 | 1 | 1 | 0 | $85,000 |
| 2009 | 1 | 1 | 0 | $85,000 |
| 2008 | 1 | 1 | 0 | $68,000 |
| 2007 | 3 | 3 | 0 | $326,000 |
| 2006 | 3 | 3 | 0 | $375,000 |
| 2005 | 3 | 3 | 0 | $400,000 |
| 2004 | 1 | 1 | 0 | $128,000 |
| 2003 | 3 | 3 | 0 | $220,000 |
| 2002 | 4 | 2 | 2 | $270,000 |
| 2001 | 1 | 1 | 0 | $170,000 |
| 2000 | 1 | 1 | 0 | $80,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.6 years of income
The typical Advance home costs about 2.6 years of the town's median household income, less than across Missouri (3.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Advance is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Advance pay a median of $706, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $700 · 4 bedrooms $1,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (63730; Cape Girardeau, MO-IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.