Drexel: Housing & Real Estate
$155,100 is the median home value in Drexel (estimated market value runs 15% higher at $178,245), with median rent $845 (1.4× below Cass County median $1,205; 1.2× below Missouri median $1,033). Homeownership rate: 67.8%. That's 1.9× below the Cass County median ($292,400); 1.5× below the Missouri median ($230,300). Market is warm. Vacancy rate 5.3%. New construction makes up 0.7% of stock. A municipal building code is in effect.
- 2.8× annual income — home value vs. household income (vs Missouri 3.2×).
- 15.3 years to break even renting at the median (vs Missouri 16y).
- 4-BR rent is 2.2× a studio — rent gradient by unit size.
- Median rent 8% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $155,100 — 0.7× the Missouri median ($212,900). Median rent $845/month. homeownership rate 67.8% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 2.8× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 18.4% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 17.5% |
| Affordability · Poverty Rate | 5.1% |
| Affordability · Property Tax Pct Income | 2.2% |
| Fair Market Rent · Studio rent | $702 (vs Missouri $955) |
| Fair Market Rent · One-bedroom rent | $706 (vs Missouri $995) |
| Fair Market Rent · Two-bedroom rent | $927 (vs Missouri $1,218) |
| Fair Market Rent · Three-bedroom rent | $1,232 (vs Missouri $1,568) |
| Fair Market Rent · Four-bedroom rent | $1,555 (vs Missouri $1,812) |
| Fair Market Rent · HUD FMR area | Bates County, MO HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $178,245 |
| Median Home Value | $155,100 (vs Missouri $212,900) |
| Median Rent | $845 (vs Missouri $1,097) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 5.3% |
| Housing Market · New construction (% of stock) | 0.7% |
| Housing Market · Price Appreciation 2Yr | 20.6% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (2)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Missouri median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Missouri median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Missouri median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 98.9% (vs Missouri 92.3%) |
| Broadband · Broadband-capable premises | 550 |
| Electricity · Electricity rate (¢/kWh) | 12.91¢/kWh |
| Electricity · Customers | 2933914 |
| Electricity · Revenue Millions | $4,548 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Missouri median) |
| Mobile Broadband · 5G mobile coverage | 0.969696970 (vs Missouri 100.0%) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 67.8% (vs Missouri 60.9%) |
|---|---|
| Median Year Built | 1961 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12