Cape Girardeau County Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Cape Girardeau County MO was $793 in 2019 according to the Census ACS survey.1 Average gross rent in Cape Girardeau County was $811 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 County median and average rent data will be released in September of 2021.
Data is also available below for Cape Girardeau County rental vacancy rates, Cape Girardeau County rent as a percent of median income and the fraction of renters in Cape Girardeau County.
Real Gross Rent in Cape Girardeau County 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 County MO Median Gross Rent | $793 | +0.13% | -7.14% |
Cape Girardeau County MO Real Gross Rent Trends
Median gross rent for Cape Girardeau County peaked in real terms in 2016 at $854 and is now $61 (7.14%) lower. Average gross rent for Cape Girardeau County peaked in real terms in 2017 at $830 and is now $19 (2.29%) lower.
Real Gross Rent: Cape Girardeau County MO Median, Cape Girardeau County MO Average, Missouri Median, US Median
Real Gross Rent History for Cape Girardeau County
| Date | US Median |
Missouri Median |
Cape Girardeau County MO Median |
Cape Girardeau County MO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $834 | $793 | $811 |
| 2018 | $1,077 | $845 | $792 | $799 |
| 2017 | $1,043 | $825 | $802 | $830 |
| 2016 | $1,027 | $807 | $854 | $822 |
| 2015 | $1,017 | $809 | $729 | $827 |
| 2014 | $986 | $796 | $746 | $814 |
| 2013 | $953 | $773 | $702 | $725 |
| 2012 | $940 | $751 | $678 | $724 |
| 2011 | $941 | $765 | $716 | $771 |
| 2010 | $955 | $762 | $754 | $769 |
| 2009 | $960 | $761 | $627 | $636 |
| 2007 | $927 | $726 | $691 | $661 |
| 2005 | $910 | $741 | $630 | $655 |
Cape Girardeau County 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 County Missouri was 12.98% according to Census ACS data.
Rental Vacancy Rate in Cape Girardeau County Missouri
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Missouri | 5.15% | -1.42% | -1.66% |
| Cape Girardeau County MO | — | — | — |
Trends in Cape Girardeau County MO Rental Vacancy Rate
At 12.98%, Cape Girardeau County 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 County MO, Missouri, US
Historical Rental Vacancy Rate data for Cape Girardeau County
| Date | US | Missouri | Cape Girardeau County MO |
|---|---|---|---|
| 2019 | 5.97% | 5.15% | — |
| 2018 | 6.15% | 6.57% | 12.98% |
| 2017 | 6.18% | 6.40% | 6.44% |
| 2016 | 5.89% | 6.81% | 5.52% |
| 2015 | 5.85% | 6.43% | 10.50% |
| 2014 | 6.32% | 7.16% | — |
| 2013 | 6.49% | 6.86% | 5.14% |
| 2012 | 6.77% | 6.74% | 4.02% |
| 2011 | 7.40% | 8.22% | 6.68% |
| 2010 | 8.17% | 8.25% | — |
| 2009 | 8.43% | 8.24% | 9.90% |
| 2007 | 7.87% | 8.36% | 3.35% |
| 2005 | 7.74% | 9.28% | — |
Rent as a Fraction of Income
Using median household income data for Cape Girardeau County, 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 County, median monthly gross rent as a fraction of median household income was 16.43% in 2019 according to the ACS.
Cape Girardeau County 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 County MO | 16.43% | -2.30% | -3.06% |
Trends in Cape Girardeau County MO Rent as a Fraction of Income
The fraction of median Cape Girardeau County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.90%. Since then it has fallen by 3.47% to 16.43%.
Fraction of Income towards Rent: Cape Girardeau County MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Cape Girardeau County Missouri
| Date | US | Missouri | Cape Girardeau County MO |
|---|---|---|---|
| 2019 | 20.03% | 17.43% | 16.43% |
| 2018 | 20.50% | 18.28% | 18.73% |
| 2017 | 20.13% | 17.92% | 18.26% |
| 2016 | 20.43% | 17.88% | 19.50% |
| 2015 | 20.63% | 18.23% | 16.58% |
| 2014 | 20.89% | 18.71% | 17.88% |
| 2013 | 20.78% | 18.77% | 18.72% |
| 2012 | 20.65% | 18.69% | 16.58% |
| 2011 | 20.70% | 18.78% | 19.90% |
| 2010 | 20.50% | 18.47% | 18.17% |
| 2009 | 20.12% | 17.72% | 14.81% |
| 2007 | 18.66% | 16.44% | 15.30% |
| 2005 | 18.89% | 16.95% | 15.50% |
Renter Fraction in Cape Girardeau County Missouri
You can calculate the renter fraction in Cape Girardeau County 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 County as a fraction of total Cape Girardeau County households. In 2019 33.55% of households were renters according to Census ACS data.
Cape Girardeau County 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 County MO | 33.55% | -2.50% | -1.61% |
Trends in the Cape Girardeau County MO Renter Fraction
The Cape Girardeau County household renter fraction peaked in in 2011 at 37.47% and is now 3.92% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cape Girardeau County MO, Missouri, US
History of Cape Girardeau County Renter Fraction
| Date | US | Missouri | Cape Girardeau County MO |
|---|---|---|---|
| 2019 | 35.89% | 32.88% | 33.55% |
| 2018 | 36.05% | 33.22% | 36.05% |
| 2017 | 36.13% | 33.05% | 30.75% |
| 2016 | 36.88% | 33.92% | 35.16% |
| 2015 | 36.97% | 33.87% | 35.99% |
| 2014 | 36.90% | 33.09% | 33.72% |
| 2013 | 36.50% | 33.03% | 36.98% |
| 2012 | 36.09% | 32.53% | 33.94% |
| 2011 | 35.42% | 31.95% | 37.47% |
| 2010 | 34.65% | 31.02% | 35.51% |
| 2009 | 34.13% | 30.92% | 27.76% |
| 2007 | 32.80% | 29.34% | 33.99% |
| 2005 | 33.10% | 29.36% | 29.63% |
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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