Cass County Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Cass County MO was $1,009 in 2019 according to the Census ACS survey.1 Average gross rent in Cass County was $1,034 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Cass County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Cass County Missouri (2019 dollars)2
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US Median Gross Rent | $1,097 | +1.86% | +6.82% |
Missouri Median Gross Rent | $834 | -1.30% | +3.35% |
Cass County MO Median Gross Rent | $1,009 | +1.20% | +11.12% |
Cass County MO Real Gross Rent Trends
Median gross rent for Cass County peaked in real terms in 2008 at $1,100 and is now $91 (8.27%) lower. From a recent low of 907.0 in 2011, real median gross rent has now increased by $102 (11.25%). At $1,034, real average gross rent in Cass County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Cass County MO Median, Cass County MO Average, Missouri Median, US Median
Real Gross Rent History for Cass County
Date | US Median |
Missouri Median |
Cass County MO Median |
Cass County MO Average |
---|---|---|---|---|
2019 | $1,097 | $834 | $1,009 | $1,034 |
2018 | $1,077 | $845 | $997 | $1,012 |
2017 | $1,043 | $825 | $980 | $943 |
2016 | $1,027 | $807 | $908 | $911 |
2015 | $1,017 | $809 | $953 | $938 |
2014 | $986 | $796 | $955 | $923 |
2013 | $953 | $773 | $1,031 | $911 |
2012 | $940 | $751 | $928 | $860 |
2011 | $941 | $765 | $907 | $864 |
2010 | $955 | $762 | $996 | $961 |
2009 | $960 | $761 | $974 | $945 |
2007 | $927 | $726 | $932 | $881 |
2005 | $910 | $741 | $978 | $851 |
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
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
Missouri | 5.15% | -1.42% | -1.66% |
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
Historical Rental Vacancy Rate data for Cass County
Date | US | Missouri | Cass County MO |
---|---|---|---|
2019 | 5.97% | 5.15% | — |
2018 | 6.15% | 6.57% | — |
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% | — |
2007 | 7.87% | 8.36% | — |
2005 | 7.74% | 9.28% | — |
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 16.63% in 2019 according to the ACS.
Cass County Missouri Median Annual Rent as a Fraction of Median Household Income
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 20.03% | -0.47% | -0.40% |
Missouri | 17.43% | -0.85% | -0.45% |
Cass County MO | 16.63% | +0.11% | +0.22% |
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 2.51% to 16.63%.
Fraction of Income towards Rent: Cass County MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Cass County Missouri
Date | US | Missouri | Cass County MO |
---|---|---|---|
2019 | 20.03% | 17.43% | 16.63% |
2018 | 20.50% | 18.28% | 16.52% |
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% |
2007 | 18.66% | 16.44% | 15.46% |
2005 | 18.89% | 16.95% | 16.88% |
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 2019 23.90% of households were renters according to Census ACS data.
Cass County Fraction of Renters by Household Units
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 35.89% | -0.16% | -0.99% |
Missouri | 32.88% | -0.34% | -1.04% |
Cass County MO | 23.90% | +3.61% | -3.29% |
Trends in the Cass County MO Renter Fraction
The Cass County household renter fraction peaked in in 2016 at 27.19% and is now 3.29% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cass County MO, Missouri, US
History of Cass County Renter Fraction
Date | US | Missouri | Cass County MO |
---|---|---|---|
2019 | 35.89% | 32.88% | 23.90% |
2018 | 36.05% | 33.22% | 20.29% |
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% |
2007 | 32.80% | 29.34% | 19.82% |
2005 | 33.10% | 29.36% | 22.30% |
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. ↩