Department of Numbers

Jefferson City Missouri Residential Rent and Rental Statistics

The median monthly gross residential rent in Jefferson City, MO (the Jefferson City metro area) was $632 in 2016 according to the Census ACS survey.1 Average gross rent in Jefferson City was $606 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Jefferson City median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Jefferson City Missouri (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Missouri Median Gross Rent $771 -0.26% +4.47%
Jefferson City, MO Median Gross Rent $632 +2.60% +1.77%

Jefferson City, MO Real Gross Rent Trends

Median gross rent for Jefferson City peaked in real terms in 2011 at $643 and is now $11 (1.71%) lower. From a recent low of 559.0 in 2012, real median gross rent has now increased by $73 (13.06%). Average gross rent for Jefferson City peaked in real terms in 2013 at $636 and is now $30 (4.72%) lower.

Real Gross Rent in Jefferson City: Jefferson City MO Median, Jefferson City MO Average, Missouri Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jefferson City

Date US
Median
Missouri
Median
Jefferson City, MO
Median
Jefferson City, MO
Average
2016 $981 $771 $632 $606
2015 $972 $773 $616 $606
2014 $942 $760 $594 $603
2013 $910 $738 $621 $636
2012 $898 $717 $559 $550
2011 $898 $730 $643 $578
2010 $912 $728 $630 $605
2009 $916 $727 $599 $592
2008 $932 $743 $585 $529
2007 $885 $693 $588 $570
2006 $895 $712 $611 $586
2005 $869 $708 $595 $589

Jefferson City 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 Jefferson City Missouri was 7.24% according to Census ACS data.

Rental Vacancy Rate in Jefferson City Missouri

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Missouri 6.81% +0.38% -0.05%
Jefferson City, MO 7.24% -3.02% +4.77%

Trends in Jefferson City, MO Rental Vacancy Rate

The rental vacancy rate in Jefferson City peaked in 2005 at 11.44%. Since then it has fallen by 4.20% to 7.24%. Data records for this series originated in 2005. From a 2014 post peak low of 1.90%, the rental vacancy rate has increased by 5.34%.

Rental Vacancy Rate: Jefferson City MO, Missouri, US

Rental vacancy rate in Missouri

Historical Rental Vacancy Rate data for Jefferson City

Date US Missouri Jefferson City, MO
2016 5.89% 6.81% 7.24%
2015 5.85% 6.43% 10.26%
2014 6.32% 7.16% 1.90%
2013 6.49% 6.86% 2.47%
2012 6.77% 6.74% 2.10%
2011 7.40% 8.22% 6.51%
2010 8.17% 8.25% 3.64%
2009 8.43% 8.24% 5.52%
2008 7.86% 8.57% 5.86%
2007 7.87% 8.36% 3.66%
2006 7.70% 8.49% 8.22%
2005 7.74% 9.28% 11.44%

Rent as a Fraction of Income

Using median household income data for Jefferson City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jefferson City, median monthly gross rent as a fraction of median household income was 13.78% in 2016 according to the ACS.

Jefferson City Missouri Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Missouri 17.88% -0.35% -0.89%
Jefferson City, MO 13.78% +0.53% -1.78%

Trends in Jefferson City, MO Rent as a Fraction of Income

The fraction of median Jefferson City household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 15.56%. Since then it has fallen by 1.78% to 13.78%.

Fraction of Income towards Rent: Jefferson City MO, Missouri, US

Percent of median household income going towards median monthly gross rent in Jefferson City Missouri

Historical Data for Annual Rent as a Fraction of Income in Jefferson City Missouri

Date US Missouri Jefferson City, MO
2016 20.43% 17.88% 13.78%
2015 20.63% 18.23% 13.25%
2014 20.89% 18.71% 13.77%
2013 20.78% 18.77% 15.56%
2012 20.65% 18.69% 14.09%
2011 20.70% 18.78% 14.74%
2010 20.50% 18.47% 13.68%
2009 20.12% 17.72% 13.04%
2008 19.00% 16.82% 11.24%
2007 18.66% 16.44% 14.06%
2006 18.90% 17.00% 13.70%
2005 18.89% 16.95% 13.09%

Renter Fraction in Jefferson City Missouri

You can calculate the renter fraction in Jefferson City 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 Jefferson City as a fraction of total Jefferson City households. In 2016 29.64% of households were renters according to Census ACS data.

Jefferson City Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Missouri 33.92% +0.05% +0.89%
Jefferson City, MO 29.64% -1.58% -0.83%

Trends in the Jefferson City, MO Renter Fraction

The Jefferson City household renter fraction peaked in in 2015 at 31.22% and is now 1.58% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Jefferson City MO, Missouri, US

Fraction of renters in Jefferson City

History of Jefferson City Renter Fraction

Date US Missouri Jefferson City, MO
2016 36.88% 33.92% 29.64%
2015 36.97% 33.87% 31.22%
2014 36.90% 33.09% 27.47%
2013 36.50% 33.03% 30.47%
2012 36.09% 32.53% 27.85%
2011 35.42% 31.95% 27.55%
2010 34.65% 31.02% 28.71%
2009 34.13% 30.92% 25.32%
2008 33.36% 29.90% 25.65%
2007 32.80% 29.34% 30.45%
2006 32.73% 29.34% 27.56%
2005 33.10% 29.36% 27.81%

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.