Hornersville, located in zip code 63855 in Missouri, has experienced significant demographic and housing market shifts over the past decade. This small city has seen fluctuations in population and homeownership rates, alongside changes in average home and rent prices. The homeownership rate in Hornersville has shown a notable upward trend, increasing from 72% in 2013 to 86% in 2022. This substantial rise in homeownership coincided with fluctuations in average home prices. In 2022, the average home price was $87,885. This increase in homeownership despite varying home prices suggests a strong local preference for owning rather than renting.

The trend in homeownership rates appears to have been influenced by federal interest rates. From 2013 to 2021, interest rates remained relatively low, ranging from 0.08% to 1.83%, which likely contributed to the increased homeownership rates. The accessibility of affordable mortgages during this period may have encouraged more residents to purchase homes rather than rent.

The percentage of renters in Hornersville decreased from 28% in 2013 to 14% in 2022. This decline in renters coincided with fluctuations in average rent prices. Average rent increased from $559 in 2013 to $1,102 in 2020, before slightly decreasing to $1,046 in 2022. The inverse relationship between rising rent prices and declining renter percentages suggests that as renting became more expensive, more residents may have opted for homeownership.