Clay County Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Clay County MO was $1,028 in 2019 according to the Census ACS survey.1 Average gross rent in Clay County was $1,017 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 Clay County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Clay 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% |
| Clay County MO Median Gross Rent | $1,028 | +6.86% | +12.23% |
Clay County MO Real Gross Rent Trends
At $1,028, real median gross rent in Clay County was at its highest level in 2019 since the series began in 2005. At $1,017, real average gross rent in Clay County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Clay County MO Median, Clay County MO Average, Missouri Median, US Median
Real Gross Rent History for Clay County
| Date | US Median |
Missouri Median |
Clay County MO Median |
Clay County MO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $834 | $1,028 | $1,017 |
| 2018 | $1,077 | $845 | $962 | $938 |
| 2017 | $1,043 | $825 | $989 | $1,010 |
| 2016 | $1,027 | $807 | $916 | $931 |
| 2015 | $1,017 | $809 | $912 | $925 |
| 2014 | $986 | $796 | $833 | $860 |
| 2013 | $953 | $773 | $866 | $854 |
| 2012 | $940 | $751 | $834 | $852 |
| 2011 | $941 | $765 | $854 | $903 |
| 2010 | $955 | $762 | $844 | $853 |
| 2009 | $960 | $761 | $829 | $849 |
| 2007 | $927 | $726 | $805 | $794 |
| 2005 | $910 | $741 | $848 | $858 |
Clay County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Clay County Missouri was 5.08% according to Census ACS data.
Rental Vacancy Rate in Clay County Missouri
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Missouri | 5.15% | -1.42% | -1.66% |
| Clay County MO | 5.08% | -2.95% | -3.13% |
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 7.86% to 5.08%. Data records for this series originated in 2005. From a 2010 post peak low of 3.34%, the rental vacancy rate has increased by 1.74%.
Rental Vacancy Rate: Clay County MO, Missouri, US
Historical Rental Vacancy Rate data for Clay County
| Date | US | Missouri | Clay County MO |
|---|---|---|---|
| 2019 | 5.97% | 5.15% | 5.08% |
| 2018 | 6.15% | 6.57% | 8.03% |
| 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% |
| 2007 | 7.87% | 8.36% | — |
| 2005 | 7.74% | 9.28% | 12.94% |
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 17.56% in 2019 according to the ACS.
Clay 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% |
| Clay County MO | 17.56% | +0.95% | +1.51% |
Trends in Clay County MO Rent as a Fraction of Income
Clay County renters paid 17.56% of median household income towards the median monthly gross rent in 2019. 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
Historical Data for Annual Rent as a Fraction of Income in Clay County Missouri
| Date | US | Missouri | Clay County MO |
|---|---|---|---|
| 2019 | 20.03% | 17.43% | 17.56% |
| 2018 | 20.50% | 18.28% | 16.61% |
| 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% |
| 2007 | 18.66% | 16.44% | 14.12% |
| 2005 | 18.89% | 16.95% | 15.13% |
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 2019 32.25% of households were renters according to Census ACS data.
Clay 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% |
| Clay County MO | 32.25% | -0.35% | +3.12% |
Trends in the Clay County MO Renter Fraction
The Clay County household renter fraction peaked in in 2018 at 32.60% and is now 0.35% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clay County MO, Missouri, US
History of Clay County Renter Fraction
| Date | US | Missouri | Clay County MO |
|---|---|---|---|
| 2019 | 35.89% | 32.88% | 32.25% |
| 2018 | 36.05% | 33.22% | 32.60% |
| 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% |
| 2007 | 32.80% | 29.34% | 26.47% |
| 2005 | 33.10% | 29.36% | 25.97% |
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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