Department of Numbers

Cass County Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Cass County MO was $950 in 2017 according to the Census ACS survey.1 Average gross rent in Cass County was $915 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 Cass County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cass 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%
Cass County MO Median Gross Rent $950 +7.95% +2.48%

Cass County MO Real Gross Rent Trends

Median gross rent for Cass County peaked in real terms in 2008 at $1,067 and is now $117 (10.97%) lower. From a recent low of 880.0 in 2011, real median gross rent has now increased by $70 (7.95%). Average gross rent for Cass County peaked in real terms in 2008 at $999 and is now $84 (8.41%) lower.

Real Gross Rent: Cass County MO Median, Cass County MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cass County

Date US
Median
Missouri
Median
Cass County MO
Median
Cass County MO
Average
2017 $1,012 $800 $950 $915
2016 $996 $783 $880 $884
2015 $987 $785 $924 $909
2014 $956 $772 $927 $895
2013 $924 $750 $1,000 $883
2012 $912 $728 $900 $834
2011 $912 $742 $880 $838
2010 $927 $739 $966 $932
2009 $931 $738 $945 $916
2008 $947 $755 $1,067 $999
2007 $899 $704 $904 $855
2006 $909 $723 $966 $910

Cass County 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 Cass County Missouri was 3.95% according to Census ACS data.

Rental Vacancy Rate in Cass County Missouri

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Missouri 6.40% -0.41% -0.76%
Cass County MO

Trends in Cass County MO Rental Vacancy Rate

At 3.95%, Cass County residential rental vacancy rate in 2016 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Cass County MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Cass County

Date US Missouri Cass County MO
2017 6.18% 6.40%
2016 5.89% 6.81% 3.95%
2015 5.85% 6.43%
2014 6.32% 7.16%
2013 6.49% 6.86% 1.39%
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%

Rent as a Fraction of Income

Using median household income data for Cass County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cass County, median monthly gross rent as a fraction of median household income was 17.65% in 2017 according to the ACS.

Cass 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%
Cass County MO 17.65% +1.24% -0.20%

Trends in Cass County MO Rent as a Fraction of Income

The fraction of median Cass County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 19.13%. Since then it has fallen by 1.48% to 17.65%.

Fraction of Income towards Rent: Cass County MO, Missouri, US

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

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

Date US Missouri Cass County MO
2017 20.13% 17.92% 17.65%
2016 20.43% 17.88% 16.40%
2015 20.63% 18.23% 17.22%
2014 20.89% 18.71% 17.85%
2013 20.78% 18.77% 18.32%
2012 20.65% 18.69% 19.13%
2011 20.70% 18.78% 18.69%
2010 20.50% 18.47% 18.73%
2009 20.12% 17.72% 17.28%
2008 19.00% 16.82% 17.89%
2007 18.66% 16.44% 15.46%
2006 18.90% 17.00% 17.62%

Renter Fraction in Cass County Missouri

You can calculate the renter fraction in Cass 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 Cass County as a fraction of total Cass County households. In 2017 25.90% of households were renters according to Census ACS data.

Cass 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%
Cass County MO 25.90% -1.29% -1.14%

Trends in the Cass County MO Renter Fraction

The Cass County household renter fraction peaked in in 2016 at 27.19% and is now 1.29% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cass County MO, Missouri, US

Fraction of renters in Cass County

History of Cass County Renter Fraction

Date US Missouri Cass County MO
2017 36.13% 33.05% 25.90%
2016 36.88% 33.92% 27.19%
2015 36.97% 33.87% 24.48%
2014 36.90% 33.09% 27.04%
2013 36.50% 33.03% 22.86%
2012 36.09% 32.53% 24.90%
2011 35.42% 31.95% 25.39%
2010 34.65% 31.02% 19.47%
2009 34.13% 30.92% 20.38%
2008 33.36% 29.90% 23.94%
2007 32.80% 29.34% 19.82%
2006 32.73% 29.34% 20.39%

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.