Department of Numbers

St Joseph Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in St Joseph, MO (the St Joseph metro area) was $728 in 2015 according to the Census ACS survey.1 Average gross rent in St Joseph was $698 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 St Joseph median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in St Joseph 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%
St Joseph, MO Median Gross Rent $728 +7.22% +11.31%

St Joseph, MO Real Gross Rent Trends

At $728, real median gross rent in St Joseph was at its highest level in 2015 since the series began in 2005. At $698, real average gross rent in St Joseph was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in St Joseph: St Joseph MO Median, St Joseph MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St Joseph

Date US
Median
Missouri
Median
St Joseph, MO
Median
St Joseph, MO
Average
2015 $959 $763 $728 $698
2014 $930 $750 $679 $636
2013 $898 $729 $698 $678
2012 $886 $708 $654 $631
2011 $887 $721 $646 $625
2010 $901 $718 $610 $633
2009 $905 $718 $677 $641
2008 $920 $734 $663 $660
2007 $874 $684 $641 $628
2006 $883 $703 $641 $597
2005 $858 $699 $572 $564

St Joseph 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 St Joseph Missouri was 8.62% according to Census ACS data.

Rental Vacancy Rate in St Joseph Missouri

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Missouri 6.43% -0.73% -0.31%
St Joseph, MO 8.62% -3.01% +1.35%

Trends in St Joseph, MO Rental Vacancy Rate

The rental vacancy rate in St Joseph peaked in 2014 at 11.63%. Since then it has fallen by 3.01% to 8.62%. Data records for this series originated in 2005.

Rental Vacancy Rate: St Joseph MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for St Joseph

Date US Missouri St Joseph, MO
2015 5.85% 6.43% 8.62%
2014 6.32% 7.16% 11.63%
2013 6.49% 6.86% 9.54%
2012 6.77% 6.74% 7.27%
2011 7.40% 8.22%
2010 8.17% 8.25%
2009 8.43% 8.24% 5.77%
2008 7.86% 8.57% 4.47%
2007 7.87% 8.36% 2.56%
2006 7.70% 8.49% 6.43%
2005 7.74% 9.28%

Rent as a Fraction of Income

Using median household income data for St Joseph, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St Joseph, median monthly gross rent as a fraction of median household income was 17.73% in 2015 according to the ACS.

St Joseph 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%
St Joseph, MO 17.73% +0.47% -0.14%

Trends in St Joseph, MO Rent as a Fraction of Income

The fraction of median St Joseph household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.74%. Since then it has fallen by 1.00% to 17.73%.

Fraction of Income towards Rent: St Joseph MO, Missouri, US

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

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

Date US Missouri St Joseph, MO
2015 20.63% 18.23% 17.73%
2014 20.89% 18.71% 17.27%
2013 20.78% 18.77% 18.74%
2012 20.65% 18.69% 17.87%
2011 20.70% 18.78% 17.13%
2010 20.50% 18.47% 16.09%
2009 20.12% 17.72% 17.92%
2008 19.00% 16.82% 16.04%
2007 18.66% 16.44% 16.88%
2006 18.90% 17.00% 15.98%
2005 18.89% 16.95% 15.82%

Renter Fraction in St Joseph Missouri

You can calculate the renter fraction in St Joseph 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 St Joseph as a fraction of total St Joseph households. In 2015 32.26% of households were renters according to Census ACS data.

St Joseph 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%
St Joseph, MO 32.26% -0.96% -3.02%

Trends in the St Joseph, MO Renter Fraction

The St Joseph household renter fraction peaked in in 2013 at 35.73% and is now 3.47% below that level. The origin year for the series is 2005.

Fraction of Renting Households: St Joseph MO, Missouri, US

Fraction of renters in St Joseph

History of St Joseph Renter Fraction

Date US Missouri St Joseph, MO
2015 36.97% 33.87% 32.26%
2014 36.90% 33.09% 33.22%
2013 36.50% 33.03% 35.73%
2012 36.09% 32.53% 35.28%
2011 35.42% 31.95% 31.92%
2010 34.65% 31.02% 32.59%
2009 34.13% 30.92% 30.36%
2008 33.36% 29.90% 30.77%
2007 32.80% 29.34% 30.91%
2006 32.73% 29.34% 28.96%
2005 33.10% 29.36% 29.41%

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.