Department of Numbers

Joplin Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Joplin, MO (the Joplin metro area) was $739 in 2015 according to the Census ACS survey.1 Average gross rent in Joplin was $739 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Joplin median and average rent data will be released in September of 2017.

Data is also available below for Joplin rental vacancy rates, Joplin rent as a percent of median income and the fraction of renters in Joplin.

Show dollars as: Nominal Real

Real Gross Rent in Joplin Missouri (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Missouri Median Gross Rent $763 +1.73% +7.77%
Joplin, MO Median Gross Rent $739 +4.67% +20.55%

Joplin, MO Real Gross Rent Trends

At $739, real median gross rent in Joplin was at its highest level in 2015 since the series began in 2005. At $739, real average gross rent in Joplin was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Joplin: Joplin MO Median, Joplin MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Joplin

Date US
Median
Missouri
Median
Joplin, MO
Median
Joplin, MO
Average
2015 $959 $763 $739 $739
2014 $930 $750 $706 $647
2013 $898 $729 $657 $605
2012 $886 $708 $613 $598
2011 $887 $721 $653 $614
2010 $901 $718 $624 $598
2009 $905 $718 $677 $604
2008 $920 $734 $642 $645
2007 $874 $684 $599 $578
2006 $883 $703 $622 $593
2005 $858 $699 $654 $613

Joplin Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Joplin Missouri was 6.38% according to Census ACS data.

Rental Vacancy Rate in Joplin Missouri

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Missouri 6.43% -0.73% -0.31%
Joplin, MO 6.38% +1.53% +2.35%

Trends in Joplin, MO Rental Vacancy Rate

The rental vacancy rate in Joplin peaked in 2010 at 9.03%. Since then it has fallen by 2.65% to 6.38%. Data records for this series originated in 2005. From a 2012 post peak low of 4.03%, the rental vacancy rate has increased by 2.35%.

Rental Vacancy Rate: Joplin MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Joplin

Date US Missouri Joplin, MO
2015 5.85% 6.43% 6.38%
2014 6.32% 7.16% 4.85%
2013 6.49% 6.86%
2012 6.77% 6.74% 4.03%
2011 7.40% 8.22%
2010 8.17% 8.25% 9.03%
2009 8.43% 8.24% 8.53%
2008 7.86% 8.57%
2007 7.87% 8.36% 7.28%
2006 7.70% 8.49% 7.60%
2005 7.74% 9.28%

Rent as a Fraction of Income

Using median household income data for Joplin, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Joplin, median monthly gross rent as a fraction of median household income was 19.67% in 2015 according to the ACS.

Joplin Missouri Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Missouri 18.23% -0.48% -0.47%
Joplin, MO 19.67% -0.25% +0.49%

Trends in Joplin, MO Rent as a Fraction of Income

The fraction of median Joplin household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.92%. Since then it has fallen by 0.25% to 19.67%.

Fraction of Income towards Rent: Joplin MO, Missouri, US

Percent of median household income going towards median monthly gross rent in Joplin Missouri

Historical Data for Annual Rent as a Fraction of Income in Joplin Missouri

Date US Missouri Joplin, MO
2015 20.63% 18.23% 19.67%
2014 20.89% 18.71% 19.92%
2013 20.78% 18.77% 19.45%
2012 20.65% 18.69% 19.18%
2011 20.70% 18.78% 18.78%
2010 20.50% 18.47% 18.48%
2009 20.12% 17.72% 19.62%
2008 19.00% 16.82% 17.44%
2007 18.66% 16.44% 16.83%
2006 18.90% 17.00% 18.34%
2005 18.89% 16.95% 19.57%

Renter Fraction in Joplin Missouri

You can calculate the renter fraction in Joplin in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Joplin as a fraction of total Joplin households. In 2015 34.78% of households were renters according to Census ACS data.

Joplin Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Missouri 33.87% +0.78% +1.34%
Joplin, MO 34.78% +1.89% +0.63%

Trends in the Joplin, MO Renter Fraction

At 34.78%, the 2015 household based renter fraction in Joplin was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Joplin MO, Missouri, US

Fraction of renters in Joplin

History of Joplin Renter Fraction

Date US Missouri Joplin, MO
2015 36.97% 33.87% 34.78%
2014 36.90% 33.09% 32.89%
2013 36.50% 33.03% 33.35%
2012 36.09% 32.53% 34.15%
2011 35.42% 31.95% 31.54%
2010 34.65% 31.02% 30.14%
2009 34.13% 30.92% 31.11%
2008 33.36% 29.90% 32.59%
2007 32.80% 29.34% 31.90%
2006 32.73% 29.34% 30.57%
2005 33.10% 29.36% 30.51%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.