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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Park Hills & Beyond
Park Hills shares many of the great qualities that make Missouri a desirable place to live.
Missouri, nicknamed the "Show-Me State," is where rich history meets modern-day adventure. From the rolling hills, fertile farmland, and scenic rivers to bustling cities, Missouri offers diverse cultural experiences and breathtaking elegance. See the state's storied past by visiting iconic landmarks like the Missouri History Museum and Mark Twain Boyhood Home & Museum. This place is a haven for students, with highly esteemed universities like the University of Missouri and Missouri State University. Missouri's economy is strong, built on a foundation of industries like agriculture, manufacturing, and technology.
The state offers a diverse range of experiences for outdoor enthusiasts, from breathtaking hikes in the Ozark Mountains to leisurely floats down the Missouri River. The state has a strong sports culture with popular teams such as the Kansas City Chiefs (NFL), St. Louis Blues (NHL), and St. Louis Cardinals (MLB). Take advantage of famous attractions like the Gateway Arch, the Kansas City Zoo, the Katy Trail State Park, and the historic town of Hermann.
Missouri is a great place to live, boasting a friendly and welcoming atmosphere, plenty of job opportunities, and exciting attractions.
Rental Market Trends
Park Hills, MO
As of June 2026, Park Hills's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Park Hills's average rent is 29.5% ($343) lower than the Missouri average of $1,163 and 54.4% ($977) lower than the U.S. average of $1,797.
Average Rent
$820
Monthly ChangeMonth Over Month Change
2.9% ($23)
Yearly ChangeYear Over Year Change
1.6% ($13)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $762 | 13.9% ($93) | 12.7% ($86) |
| 2 Beds | $847 | 3.7% ($30) | 5.2% ($42) |
| 3 Beds | $1,250 | 12.6% ($140) | 11.8% ($132) |
| Nearby Cities | Average Rent | Avg. Rent vs. Park HillsAverage Rent vs. Park Hills | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Bonne Terre | $1,023 | 24.8% ($203) | 42 days |
| Farmington | $1,294 | 57.8% ($474) | 39 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Park Hills Rental Market FAQs
Explore rental prices, market trends, and availability in Park Hills, MO.
The average rent in Park Hills, MO is $820 per month.
Apartments in Park Hills typically rent for between $600 and $1,625 per month, with an average of $820 per month.
In Park Hills, the average rent for a 1-bedroom apartment is $762 per month, for a 2-bedroom apartment, $847 per month, and a 3-bedroom apartment is $1,250 per month.
The average rent in Park Hills is 54.4% ($977) lower than the national average of $1,797 per month.
The average rent in Park Hills has increased by 2.9% ($23) in the last month and increased by 1.6% ($13) over the past year.
The rental market in Park Hills, MO, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Park Hills, MO, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 8 rental properties available in Park Hills, MO.
Based on the current averages, a household would need an annual income of $33,880 to comfortably afford a 2-bedroom apartment in Park Hills.
