Department of Numbers

Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Missouri was $771 in 2016 according to the Census ACS survey.1 Average gross rent was $772 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Missouri median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Missouri (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Missouri Median Gross Rent $771 -0.26% +4.47%

Missouri Real Gross Rent Trends

Median gross rent for Missouri peaked in real terms in 2015 at $773 and is now $2 (0.26%) lower. Average gross rent for Missouri peaked in real terms in 2015 at $782 and is now $10 (1.28%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Missouri

Date US Median Missouri Median Missouri Average
2016 $981 $771 $772
2015 $972 $773 $782
2014 $942 $760 $761
2013 $910 $738 $742
2012 $898 $717 $718
2011 $898 $730 $728
2010 $912 $728 $725
2009 $916 $727 $724
2008 $932 $743 $733
2007 $885 $693 $686
2006 $895 $712 $697
2005 $869 $708 $691

Missouri Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Missouri was 6.81% according to Census ACS data.

Rental Vacancy Rate in Missouri

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Missouri 6.81% +0.38% -0.05%

Trends in Missouri Rental Vacancy Rate

The rental vacancy rate in Missouri peaked in 2005 at 9.28%. Since then it has fallen by 2.47% to 6.81%. Data records for this series originated in 2005. From a 2015 post peak low of 6.43%, the rental vacancy rate has increased by 0.38%.

Rental Vacancy Rate: Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Missouri

Date US Missouri
2016 5.89% 6.81%
2015 5.85% 6.43%
2014 6.32% 7.16%
2013 6.49% 6.86%
2012 6.77% 6.74%
2011 7.40% 8.22%
2010 8.17% 8.25%
2009 8.43% 8.24%
2008 7.86% 8.57%
2007 7.87% 8.36%
2006 7.70% 8.49%
2005 7.74% 9.28%

Missouri Rent as a Fraction of Income

Using median household income data for Missouri, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Missouri, median monthly gross rent as a fraction of median household income was 17.88% in 2016 according to the ACS.

Missouri Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Missouri 17.88% -0.35% -0.89%

Trends in Missouri Rent as a Fraction of Income

The fraction of median Missouri household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.78%. Since then it has fallen by 0.90% to 17.88%.

Fraction of Income towards Rent: Missouri, US

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

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

Date US Missouri
2016 20.43% 17.88%
2015 20.63% 18.23%
2014 20.89% 18.71%
2013 20.78% 18.77%
2012 20.65% 18.69%
2011 20.70% 18.78%
2010 20.50% 18.47%
2009 20.12% 17.72%
2008 19.00% 16.82%
2007 18.66% 16.44%
2006 18.90% 17.00%
2005 18.89% 16.95%

Renter Fraction in Missouri

You can calculate the renter fraction in Missouri 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 Missouri as a fraction of total Missouri households. In 2016 33.92% of households were renters according to Census ACS data.

Missouri Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Missouri 33.92% +0.05% +0.89%

Trends in the Missouri Renter Fraction

At 33.92%, the 2016 household based renter fraction in Missouri was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Missouri, US

Fraction of renters in Missouri

History of Missouri Renter Fraction

Date US Missouri
2016 36.88% 33.92%
2015 36.97% 33.87%
2014 36.90% 33.09%
2013 36.50% 33.03%
2012 36.09% 32.53%
2011 35.42% 31.95%
2010 34.65% 31.02%
2009 34.13% 30.92%
2008 33.36% 29.90%
2007 32.80% 29.34%
2006 32.73% 29.34%
2005 33.10% 29.36%

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.