Jasper County Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Jasper County MO was $740 in 2017 according to the Census ACS survey.1 Average gross rent in Jasper County was $705 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 Jasper County median and average rent data will be released in September of 2019.
Data is also available below for Jasper County rental vacancy rates, Jasper County rent as a percent of median income and the fraction of renters in Jasper County.
Real Gross Rent in Jasper 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% |
| Jasper County MO Median Gross Rent | $740 | -1.07% | -2.37% |
Jasper County MO Real Gross Rent Trends
Median gross rent for Jasper County peaked in real terms in 2015 at $787 and is now $47 (5.97%) lower. Average gross rent for Jasper County peaked in real terms in 2015 at $809 and is now $104 (12.86%) lower.
Real Gross Rent: Jasper County MO Median, Jasper County MO Average, Missouri Median, US Median
Real Gross Rent History for Jasper County
| Date | US Median |
Missouri Median |
Jasper County MO Median |
Jasper County MO Average |
|---|---|---|---|---|
| 2017 | $1,012 | $800 | $740 | $705 |
| 2016 | $996 | $783 | $748 | $733 |
| 2015 | $987 | $785 | $787 | $809 |
| 2014 | $956 | $772 | $758 | $693 |
| 2013 | $924 | $750 | $683 | $651 |
| 2012 | $912 | $728 | $639 | $628 |
| 2011 | $912 | $742 | $705 | $666 |
| 2010 | $927 | $739 | $638 | $608 |
| 2009 | $931 | $738 | $702 | $628 |
| 2008 | $947 | $755 | $697 | $690 |
| 2007 | $899 | $704 | $640 | $628 |
| 2006 | $909 | $723 | $682 | $625 |
Jasper County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Jasper County Missouri was 5.75% according to Census ACS data.
Rental Vacancy Rate in Jasper County Missouri
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 6.18% | +0.29% | -0.14% |
| Missouri | 6.40% | -0.41% | -0.76% |
| Jasper County MO | — | — | — |
Trends in Jasper County MO Rental Vacancy Rate
The rental vacancy rate in Jasper County peaked in 2009 at 9.46%. Since then it has fallen by 3.71% to 5.75%. Data records for this series originated in 2005.
Rental Vacancy Rate: Jasper County MO, Missouri, US
Historical Rental Vacancy Rate data for Jasper County
| Date | US | Missouri | Jasper County MO |
|---|---|---|---|
| 2017 | 6.18% | 6.40% | — |
| 2016 | 5.89% | 6.81% | — |
| 2015 | 5.85% | 6.43% | — |
| 2014 | 6.32% | 7.16% | 5.75% |
| 2013 | 6.49% | 6.86% | — |
| 2012 | 6.77% | 6.74% | — |
| 2011 | 7.40% | 8.22% | — |
| 2010 | 8.17% | 8.25% | — |
| 2009 | 8.43% | 8.24% | 9.46% |
| 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 Jasper County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jasper County, median monthly gross rent as a fraction of median household income was 18.51% in 2017 according to the ACS.
Jasper 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% |
| Jasper County MO | 18.51% | -0.81% | -3.76% |
Trends in Jasper County MO Rent as a Fraction of Income
The fraction of median Jasper County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.26%. Since then it has fallen by 3.76% to 18.51%.
Fraction of Income towards Rent: Jasper County MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Jasper County Missouri
| Date | US | Missouri | Jasper County MO |
|---|---|---|---|
| 2017 | 20.13% | 17.92% | 18.51% |
| 2016 | 20.43% | 17.88% | 19.32% |
| 2015 | 20.63% | 18.23% | 20.72% |
| 2014 | 20.89% | 18.71% | 22.26% |
| 2013 | 20.78% | 18.77% | 19.60% |
| 2012 | 20.65% | 18.69% | 19.81% |
| 2011 | 20.70% | 18.78% | 20.04% |
| 2010 | 20.50% | 18.47% | 18.82% |
| 2009 | 20.12% | 17.72% | 19.71% |
| 2008 | 19.00% | 16.82% | 19.19% |
| 2007 | 18.66% | 16.44% | 18.23% |
| 2006 | 18.90% | 17.00% | 20.39% |
Renter Fraction in Jasper County Missouri
You can calculate the renter fraction in Jasper 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 Jasper County as a fraction of total Jasper County households. In 2017 36.06% of households were renters according to Census ACS data.
Jasper 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% |
| Jasper County MO | 36.06% | +1.40% | +0.46% |
Trends in the Jasper County MO Renter Fraction
The Jasper County household renter fraction peaked in in 2015 at 37.36% and is now 1.30% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Jasper County MO, Missouri, US
History of Jasper County Renter Fraction
| Date | US | Missouri | Jasper County MO |
|---|---|---|---|
| 2017 | 36.13% | 33.05% | 36.06% |
| 2016 | 36.88% | 33.92% | 34.66% |
| 2015 | 36.97% | 33.87% | 37.36% |
| 2014 | 36.90% | 33.09% | 35.60% |
| 2013 | 36.50% | 33.03% | 36.74% |
| 2012 | 36.09% | 32.53% | 35.91% |
| 2011 | 35.42% | 31.95% | 33.54% |
| 2010 | 34.65% | 31.02% | 35.28% |
| 2009 | 34.13% | 30.92% | 35.08% |
| 2008 | 33.36% | 29.90% | 34.97% |
| 2007 | 32.80% | 29.34% | 32.98% |
| 2006 | 32.73% | 29.34% | 32.06% |
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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