Department of Numbers

Clay County Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Clay County MO was $959 in 2017 according to the Census ACS survey.1 Average gross rent in Clay County was $980 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 Clay County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Clay 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%
Clay County MO Median Gross Rent $959 +7.87% +18.69%

Clay County MO Real Gross Rent Trends

At $959, real median gross rent in Clay County was at its highest level in 2017 since the series began in 2005. At $980, real average gross rent in Clay County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Clay County

Date US
Median
Missouri
Median
Clay County MO
Median
Clay County MO
Average
2017 $1,012 $800 $959 $980
2016 $996 $783 $889 $903
2015 $987 $785 $885 $897
2014 $956 $772 $808 $834
2013 $924 $750 $840 $828
2012 $912 $728 $809 $826
2011 $912 $742 $829 $876
2010 $927 $739 $818 $827
2009 $931 $738 $804 $823
2008 $947 $755 $834 $827
2007 $899 $704 $781 $770
2006 $909 $723 $809 $816

Clay 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 Clay County Missouri was 3.52% according to Census ACS data.

Rental Vacancy Rate in Clay County Missouri

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Missouri 6.40% -0.41% -0.76%
Clay County MO 3.52% -4.69% -0.88%

Trends in Clay County MO Rental Vacancy Rate

The rental vacancy rate in Clay County peaked in 2005 at 12.94%. Since then it has fallen by 9.42% to 3.52%. Data records for this series originated in 2005. From a 2010 post peak low of 3.34%, the rental vacancy rate has increased by 0.18%.

Rental Vacancy Rate: Clay County MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Clay County

Date US Missouri Clay County MO
2017 6.18% 6.40% 3.52%
2016 5.89% 6.81% 8.21%
2015 5.85% 6.43% 6.95%
2014 6.32% 7.16% 4.40%
2013 6.49% 6.86% 8.86%
2012 6.77% 6.74% 11.90%
2011 7.40% 8.22% 9.80%
2010 8.17% 8.25% 3.34%
2009 8.43% 8.24% 8.04%
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 Clay County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clay County, median monthly gross rent as a fraction of median household income was 17.19% in 2017 according to the ACS.

Clay 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%
Clay County MO 17.19% +1.14% +1.77%

Trends in Clay County MO Rent as a Fraction of Income

Clay County renters paid 17.19% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Missouri Clay County MO
2017 20.13% 17.92% 17.19%
2016 20.43% 17.88% 16.05%
2015 20.63% 18.23% 15.85%
2014 20.89% 18.71% 15.42%
2013 20.78% 18.77% 16.29%
2012 20.65% 18.69% 16.50%
2011 20.70% 18.78% 16.13%
2010 20.50% 18.47% 16.51%
2009 20.12% 17.72% 15.09%
2008 19.00% 16.82% 14.84%
2007 18.66% 16.44% 14.12%
2006 18.90% 17.00% 15.24%

Renter Fraction in Clay County Missouri

You can calculate the renter fraction in Clay 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 Clay County as a fraction of total Clay County households. In 2017 32.12% of households were renters according to Census ACS data.

Clay 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%
Clay County MO 32.12% +2.99% +0.35%

Trends in the Clay County MO Renter Fraction

At 32.12%, the 2017 household based renter fraction in Clay County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Clay County

History of Clay County Renter Fraction

Date US Missouri Clay County MO
2017 36.13% 33.05% 32.12%
2016 36.88% 33.92% 29.13%
2015 36.97% 33.87% 29.57%
2014 36.90% 33.09% 31.77%
2013 36.50% 33.03% 32.04%
2012 36.09% 32.53% 29.50%
2011 35.42% 31.95% 28.84%
2010 34.65% 31.02% 27.32%
2009 34.13% 30.92% 28.11%
2008 33.36% 29.90% 27.78%
2007 32.80% 29.34% 26.47%
2006 32.73% 29.34% 24.66%

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.