Department of Numbers

Cape Girardeau County Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Cape Girardeau County MO was $778 in 2017 according to the Census ACS survey.1 Average gross rent in Cape Girardeau County was $805 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Cape Girardeau County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Cape Girardeau County Missouri (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Missouri Median Gross Rent $800 +2.17% +3.63%
Cape Girardeau County MO Median Gross Rent $778 -6.15% +7.46%

Cape Girardeau County MO Real Gross Rent Trends

Median gross rent for Cape Girardeau County peaked in real terms in 2016 at $829 and is now $51 (6.15%) lower. At $805, real average gross rent in Cape Girardeau County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Cape Girardeau County MO Median, Cape Girardeau County MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cape Girardeau County

Date US
Median
Missouri
Median
Cape Girardeau County MO
Median
Cape Girardeau County MO
Average
2017 $1,012 $800 $778 $805
2016 $996 $783 $829 $797
2015 $987 $785 $707 $802
2014 $956 $772 $724 $789
2013 $924 $750 $681 $703
2012 $912 $728 $657 $703
2011 $912 $742 $694 $748
2010 $927 $739 $732 $746
2009 $931 $738 $608 $617
2008 $947 $755 $670 $685
2007 $899 $704 $670 $641
2006 $909 $723 $667 $665

Cape Girardeau County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Cape Girardeau County Missouri was 6.44% according to Census ACS data.

Rental Vacancy Rate in Cape Girardeau County Missouri

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Missouri 6.40% -0.41% -0.76%
Cape Girardeau County MO 6.44% +0.92%

Trends in Cape Girardeau County MO Rental Vacancy Rate

The rental vacancy rate in Cape Girardeau County peaked in 2015 at 10.50%. Since then it has fallen by 4.06% to 6.44%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cape Girardeau County MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Cape Girardeau County

Date US Missouri Cape Girardeau County MO
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%
2008 7.86% 8.57% 3.50%
2007 7.87% 8.36% 3.35%
2006 7.70% 8.49%

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 18.26% in 2017 according to the ACS.

Cape Girardeau County Missouri Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Missouri 17.92% +0.04% -0.79%
Cape Girardeau County MO 18.26% -1.24% +0.37%

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 1.65% to 18.26%.

Fraction of Income towards Rent: Cape Girardeau County MO, Missouri, US

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

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

Date US Missouri Cape Girardeau County MO
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%
2008 19.00% 16.82% 15.44%
2007 18.66% 16.44% 15.30%
2006 18.90% 17.00% 17.50%

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 2017 30.75% of households were renters according to Census ACS data.

Cape Girardeau County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Missouri 33.05% -0.87% -0.04%
Cape Girardeau County MO 30.75% -4.41% -2.97%

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 6.72% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cape Girardeau County MO, Missouri, US

Fraction of renters in Cape Girardeau County

History of Cape Girardeau County Renter Fraction

Date US Missouri Cape Girardeau County MO
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%
2008 33.36% 29.90% 31.68%
2007 32.80% 29.34% 33.99%
2006 32.73% 29.34% 30.59%

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.