Cole County Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Cole County MO was $742 in 2019 according to the Census ACS survey.1 Average gross rent in Cole County was $745 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 Cole County median and average rent data will be released in September of 2021.
Data is also available below for Cole County rental vacancy rates, Cole County rent as a percent of median income and the fraction of renters in Cole County.
Real Gross Rent in Cole 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% |
| Cole County MO Median Gross Rent | $742 | +16.12% | +9.93% |
Cole County MO Real Gross Rent Trends
At $742, real median gross rent in Cole County was at its highest level in 2019 since the series began in 2005. At $745, real average gross rent in Cole County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Cole County MO Median, Cole County MO Average, Missouri Median, US Median
Real Gross Rent History for Cole County
| Date | US Median |
Missouri Median |
Cole County MO Median |
Cole County MO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $834 | $742 | $745 |
| 2018 | $1,077 | $845 | $639 | $676 |
| 2017 | $1,043 | $825 | $657 | $631 |
| 2016 | $1,027 | $807 | $675 | $669 |
| 2015 | $1,017 | $809 | $631 | $625 |
| 2014 | $986 | $796 | $621 | $624 |
| 2013 | $953 | $773 | $641 | $672 |
| 2012 | $940 | $751 | $594 | $603 |
| 2011 | $941 | $765 | $697 | $662 |
| 2010 | $955 | $762 | $596 | $589 |
| 2009 | $960 | $761 | $629 | $645 |
| 2007 | $927 | $726 | $627 | $607 |
| 2005 | $910 | $741 | $583 | $628 |
Cole County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Cole County Missouri was 12.44% according to Census ACS data.
Rental Vacancy Rate in Cole County Missouri
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Missouri | 5.15% | -1.42% | -1.66% |
| Cole County MO | — | — | — |
Trends in Cole County MO Rental Vacancy Rate
At 12.44%, Cole County residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Cole County MO, Missouri, US
Historical Rental Vacancy Rate data for Cole County
| Date | US | Missouri | Cole County MO |
|---|---|---|---|
| 2019 | 5.97% | 5.15% | — |
| 2018 | 6.15% | 6.57% | 12.44% |
| 2017 | 6.18% | 6.40% | 7.22% |
| 2016 | 5.89% | 6.81% | 8.43% |
| 2015 | 5.85% | 6.43% | — |
| 2014 | 6.32% | 7.16% | — |
| 2013 | 6.49% | 6.86% | — |
| 2012 | 6.77% | 6.74% | 1.05% |
| 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% | 8.58% |
Rent as a Fraction of Income
Using median household income data for Cole County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cole County, median monthly gross rent as a fraction of median household income was 14.51% in 2019 according to the ACS.
Cole 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% |
| Cole County MO | 14.51% | +2.65% | +0.51% |
Trends in Cole County MO Rent as a Fraction of Income
The fraction of median Cole County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 14.53%. Since then it has fallen by 0.02% to 14.51%.
Fraction of Income towards Rent: Cole County MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Cole County Missouri
| Date | US | Missouri | Cole County MO |
|---|---|---|---|
| 2019 | 20.03% | 17.43% | 14.51% |
| 2018 | 20.50% | 18.28% | 11.86% |
| 2017 | 20.13% | 17.92% | 14.53% |
| 2016 | 20.43% | 17.88% | 14.00% |
| 2015 | 20.63% | 18.23% | 12.56% |
| 2014 | 20.89% | 18.71% | 13.78% |
| 2013 | 20.78% | 18.77% | 14.39% |
| 2012 | 20.65% | 18.69% | 13.15% |
| 2011 | 20.70% | 18.78% | 13.85% |
| 2010 | 20.50% | 18.47% | 12.05% |
| 2009 | 20.12% | 17.72% | 12.50% |
| 2007 | 18.66% | 16.44% | 13.98% |
| 2005 | 18.89% | 16.95% | 12.22% |
Renter Fraction in Cole County Missouri
You can calculate the renter fraction in Cole 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 Cole County as a fraction of total Cole County households. In 2019 35.72% of households were renters according to Census ACS data.
Cole 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% |
| Cole County MO | 35.72% | +4.49% | +3.56% |
Trends in the Cole County MO Renter Fraction
The Cole County household renter fraction peaked in in 2007 at 37.22% and is now 1.50% below that level. From a recent low of 29.69% in 2014, the household based renter fraction has now grown by 6.03%. The origin year for the series is 2005.
Fraction of Renting Households: Cole County MO, Missouri, US
History of Cole County Renter Fraction
| Date | US | Missouri | Cole County MO |
|---|---|---|---|
| 2019 | 35.89% | 32.88% | 35.72% |
| 2018 | 36.05% | 33.22% | 31.23% |
| 2017 | 36.13% | 33.05% | 33.20% |
| 2016 | 36.88% | 33.92% | 32.16% |
| 2015 | 36.97% | 33.87% | 34.13% |
| 2014 | 36.90% | 33.09% | 29.69% |
| 2013 | 36.50% | 33.03% | 33.18% |
| 2012 | 36.09% | 32.53% | 31.58% |
| 2011 | 35.42% | 31.95% | 34.35% |
| 2010 | 34.65% | 31.02% | 31.22% |
| 2009 | 34.13% | 30.92% | 32.76% |
| 2007 | 32.80% | 29.34% | 37.22% |
| 2005 | 33.10% | 29.36% | 33.42% |
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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