Cape Girardeau Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Cape Girardeau, MO (the Cape Girardeau-Jackson metro area) was $774 in 2019 according to the Census ACS survey.1 Average gross rent in Cape Girardeau was $767 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Cape Girardeau median and average rent data will be released in September of 2021.
Data is also available below for Cape Girardeau rental vacancy rates, Cape Girardeau rent as a percent of median income and the fraction of renters in Cape Girardeau.
Real Gross Rent in Cape Girardeau Missouri (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Missouri Median Gross Rent | $834 | -1.30% | +3.35% |
| Cape Girardeau, MO Median Gross Rent | $774 | -1.78% | -7.97% |
Cape Girardeau, MO Real Gross Rent Trends
Median gross rent for Cape Girardeau peaked in real terms in 2016 at $841 and is now $67 (7.97%) lower. Average gross rent for Cape Girardeau peaked in real terms in 2016 at $796 and is now $29 (3.64%) lower.
Real Gross Rent in Cape Girardeau: Cape Girardeau MO Median, Cape Girardeau MO Average, Missouri Median, US Median
Real Gross Rent History for Cape Girardeau
| Date | US Median |
Missouri Median |
Cape Girardeau, MO Median |
Cape Girardeau, MO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $834 | $774 | $767 |
| 2018 | $1,077 | $845 | $788 | $771 |
| 2017 | $1,043 | $825 | $773 | $774 |
| 2016 | $1,027 | $807 | $841 | $796 |
| 2015 | $1,017 | $809 | $680 | $783 |
| 2014 | $986 | $796 | $711 | $763 |
| 2013 | $953 | $773 | $676 | $683 |
| 2012 | $940 | $751 | $669 | $688 |
| 2011 | $941 | $765 | $689 | $721 |
| 2010 | $955 | $762 | $735 | $724 |
| 2009 | $960 | $761 | $610 | $594 |
| 2007 | $927 | $726 | $639 | $623 |
| 2005 | $910 | $741 | $620 | $636 |
Cape Girardeau Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Cape Girardeau Missouri was 12.04% according to Census ACS data.
Rental Vacancy Rate in Cape Girardeau Missouri
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Missouri | 5.15% | -1.42% | -1.66% |
| Cape Girardeau, MO | — | — | — |
Trends in Cape Girardeau, MO Rental Vacancy Rate
At 12.04%, Cape Girardeau residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Cape Girardeau MO, Missouri, US
Historical Rental Vacancy Rate data for Cape Girardeau
| Date | US | Missouri | Cape Girardeau, MO |
|---|---|---|---|
| 2019 | 5.97% | 5.15% | — |
| 2018 | 6.15% | 6.57% | 12.04% |
| 2017 | 6.18% | 6.40% | 7.38% |
| 2016 | 5.89% | 6.81% | 4.99% |
| 2015 | 5.85% | 6.43% | 11.31% |
| 2014 | 6.32% | 7.16% | 8.58% |
| 2013 | 6.49% | 6.86% | 6.63% |
| 2012 | 6.77% | 6.74% | 4.79% |
| 2011 | 7.40% | 8.22% | 7.52% |
| 2010 | 8.17% | 8.25% | 9.09% |
| 2009 | 8.43% | 8.24% | 9.84% |
| 2007 | 7.87% | 8.36% | 3.52% |
| 2005 | 7.74% | 9.28% | 8.11% |
Rent as a Fraction of Income
Using median household income data for Cape Girardeau, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cape Girardeau, median monthly gross rent as a fraction of median household income was 17.65% in 2019 according to the ACS.
Cape Girardeau Missouri Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Missouri | 17.43% | -0.85% | -0.45% |
| Cape Girardeau, MO | 17.65% | -1.69% | -1.99% |
Trends in Cape Girardeau, MO Rent as a Fraction of Income
The fraction of median Cape Girardeau household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 19.64%. Since then it has fallen by 1.99% to 17.65%.
Fraction of Income towards Rent: Cape Girardeau MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Cape Girardeau Missouri
| Date | US | Missouri | Cape Girardeau, MO |
|---|---|---|---|
| 2019 | 20.03% | 17.43% | 17.65% |
| 2018 | 20.50% | 18.28% | 19.34% |
| 2017 | 20.13% | 17.92% | 18.78% |
| 2016 | 20.43% | 17.88% | 19.64% |
| 2015 | 20.63% | 18.23% | 16.08% |
| 2014 | 20.89% | 18.71% | 18.21% |
| 2013 | 20.78% | 18.77% | 18.57% |
| 2012 | 20.65% | 18.69% | 17.68% |
| 2011 | 20.70% | 18.78% | 19.43% |
| 2010 | 20.50% | 18.47% | 19.12% |
| 2009 | 20.12% | 17.72% | 15.38% |
| 2007 | 18.66% | 16.44% | 15.40% |
| 2005 | 18.89% | 16.95% | 15.88% |
Renter Fraction in Cape Girardeau Missouri
You can calculate the renter fraction in Cape Girardeau 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 Cape Girardeau as a fraction of total Cape Girardeau households. In 2019 30.76% of households were renters according to Census ACS data.
Cape Girardeau Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Missouri | 32.88% | -0.34% | -1.04% |
| Cape Girardeau, MO | 30.76% | -3.25% | -0.97% |
Trends in the Cape Girardeau, MO Renter Fraction
The Cape Girardeau household renter fraction peaked in in 2013 at 34.99% and is now 4.23% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cape Girardeau MO, Missouri, US
History of Cape Girardeau Renter Fraction
| Date | US | Missouri | Cape Girardeau, MO |
|---|---|---|---|
| 2019 | 35.89% | 32.88% | 30.76% |
| 2018 | 36.05% | 33.22% | 34.01% |
| 2017 | 36.13% | 33.05% | 27.85% |
| 2016 | 36.88% | 33.92% | 31.73% |
| 2015 | 36.97% | 33.87% | 33.88% |
| 2014 | 36.90% | 33.09% | 31.35% |
| 2013 | 36.50% | 33.03% | 34.99% |
| 2012 | 36.09% | 32.53% | 31.17% |
| 2011 | 35.42% | 31.95% | 34.01% |
| 2010 | 34.65% | 31.02% | 33.44% |
| 2009 | 34.13% | 30.92% | 27.86% |
| 2007 | 32.80% | 29.34% | 31.76% |
| 2005 | 33.10% | 29.36% | 27.53% |
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. ↩
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