Morehouse, MO housing market
The typical Morehouse home is worth about $74,000, up 4.7% in a year, 72% below the Missouri typical home.
Home values, sales, trends and how Morehouse compares with the towns next door — updated as new data is published.
Morehouse at a glance
Typical home value, 2016–2026
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| January | Morehouse | Missouri |
|---|---|---|
| 2017 | $62,000 | $148,000 |
| 2018 | $61,000 | $156,000 |
| 2019 | $62,000 | $165,000 |
| 2020 | $64,000 | $173,000 |
| 2021 | $68,000 | $193,000 |
| 2022 | $75,000 | $219,000 |
| 2023 | $79,000 | $237,000 |
| 2024 | $72,000 | $247,000 |
| 2025 | $70,000 | $258,000 |
| 2026 | $70,000 | $263,000 |
| August 2026 | $74,000 | $268,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Morehouse in 2025.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $50,000 |
| 2025 | 1 | 1 | 0 | $50,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $890
HUD's Fair Market Rent for a two-bedroom in Morehouse is $890 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Morehouse pay a median of $475, so moving in tends to cost more than staying put.
Studio $660 · 4 bedrooms $1,180
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (63801, 63868; New Madrid County, MO), 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.