Joplin Missouri Residential Rent and Rental Statistics
The median monthly gross residential rent in Joplin, MO (the Joplin metro area) was $716 in 2019 according to the Census ACS survey.1 Average gross rent in Joplin was $657 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 Joplin median and average rent data will be released in September of 2021.
Data is also available below for Joplin rental vacancy rates, Joplin rent as a percent of median income and the fraction of renters in Joplin.
Real Gross Rent in Joplin 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% |
| Joplin, MO Median Gross Rent | $716 | -6.65% | -2.45% |
Joplin, MO Real Gross Rent Trends
Median gross rent for Joplin peaked in real terms in 2015 at $784 and is now $68 (8.67%) lower. Average gross rent for Joplin peaked in real terms in 2015 at $784 and is now $127 (16.20%) lower.
Real Gross Rent in Joplin: Joplin MO Median, Joplin MO Average, Missouri Median, US Median
Real Gross Rent History for Joplin
| Date | US Median |
Missouri Median |
Joplin, MO Median |
Joplin, MO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $834 | $716 | $657 |
| 2018 | $1,077 | $845 | $767 | $692 |
| 2017 | $1,043 | $825 | $737 | $718 |
| 2016 | $1,027 | $807 | $734 | $710 |
| 2015 | $1,017 | $809 | $784 | $784 |
| 2014 | $986 | $796 | $749 | $686 |
| 2013 | $953 | $773 | $697 | $641 |
| 2012 | $940 | $751 | $650 | $634 |
| 2011 | $941 | $765 | $692 | $651 |
| 2010 | $955 | $762 | $662 | $635 |
| 2009 | $960 | $761 | $718 | $641 |
| 2007 | $927 | $726 | $636 | $613 |
| 2005 | $910 | $741 | $694 | $650 |
Joplin 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 Joplin Missouri was 3.17% according to Census ACS data.
Rental Vacancy Rate in Joplin Missouri
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Missouri | 5.15% | -1.42% | -1.66% |
| Joplin, MO | 3.17% | — | -3.25% |
Trends in Joplin, MO Rental Vacancy Rate
The rental vacancy rate in Joplin peaked in 2010 at 9.03%. Since then it has fallen by 5.86% to 3.17%. Data records for this series originated in 2005. From a 2017 post peak low of 1.90%, the rental vacancy rate has increased by 1.27%.
Rental Vacancy Rate: Joplin MO, Missouri, US
Historical Rental Vacancy Rate data for Joplin
| Date | US | Missouri | Joplin, MO |
|---|---|---|---|
| 2019 | 5.97% | 5.15% | 3.17% |
| 2018 | 6.15% | 6.57% | — |
| 2017 | 6.18% | 6.40% | 1.90% |
| 2016 | 5.89% | 6.81% | 6.42% |
| 2015 | 5.85% | 6.43% | 6.38% |
| 2014 | 6.32% | 7.16% | 4.85% |
| 2013 | 6.49% | 6.86% | — |
| 2012 | 6.77% | 6.74% | 4.03% |
| 2011 | 7.40% | 8.22% | — |
| 2010 | 8.17% | 8.25% | 9.03% |
| 2009 | 8.43% | 8.24% | 8.53% |
| 2007 | 7.87% | 8.36% | 7.28% |
| 2005 | 7.74% | 9.28% | — |
Rent as a Fraction of Income
Using median household income data for Joplin, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Joplin, median monthly gross rent as a fraction of median household income was 17.57% in 2019 according to the ACS.
Joplin 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% |
| Joplin, MO | 17.57% | -1.65% | -0.77% |
Trends in Joplin, MO Rent as a Fraction of Income
The fraction of median Joplin household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.92%. Since then it has fallen by 2.36% to 17.57%.
Fraction of Income towards Rent: Joplin MO, Missouri, US
Historical Data for Annual Rent as a Fraction of Income in Joplin Missouri
| Date | US | Missouri | Joplin, MO |
|---|---|---|---|
| 2019 | 20.03% | 17.43% | 17.57% |
| 2018 | 20.50% | 18.28% | 19.22% |
| 2017 | 20.13% | 17.92% | 17.52% |
| 2016 | 20.43% | 17.88% | 18.34% |
| 2015 | 20.63% | 18.23% | 19.67% |
| 2014 | 20.89% | 18.71% | 19.92% |
| 2013 | 20.78% | 18.77% | 19.45% |
| 2012 | 20.65% | 18.69% | 19.18% |
| 2011 | 20.70% | 18.78% | 18.78% |
| 2010 | 20.50% | 18.47% | 18.48% |
| 2009 | 20.12% | 17.72% | 19.62% |
| 2007 | 18.66% | 16.44% | 16.83% |
| 2005 | 18.89% | 16.95% | 19.57% |
Renter Fraction in Joplin Missouri
You can calculate the renter fraction in Joplin 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 Joplin as a fraction of total Joplin households. In 2019 34.58% of households were renters according to Census ACS data.
Joplin 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% |
| Joplin, MO | 34.58% | -0.23% | +0.41% |
Trends in the Joplin, MO Renter Fraction
The Joplin household renter fraction peaked in in 2018 at 34.81% and is now 0.23% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Joplin MO, Missouri, US
History of Joplin Renter Fraction
| Date | US | Missouri | Joplin, MO |
|---|---|---|---|
| 2019 | 35.89% | 32.88% | 34.58% |
| 2018 | 36.05% | 33.22% | 34.81% |
| 2017 | 36.13% | 33.05% | 33.11% |
| 2016 | 36.88% | 33.92% | 34.17% |
| 2015 | 36.97% | 33.87% | 34.78% |
| 2014 | 36.90% | 33.09% | 32.89% |
| 2013 | 36.50% | 33.03% | 33.35% |
| 2012 | 36.09% | 32.53% | 34.15% |
| 2011 | 35.42% | 31.95% | 31.54% |
| 2010 | 34.65% | 31.02% | 30.14% |
| 2009 | 34.13% | 30.92% | 31.11% |
| 2007 | 32.80% | 29.34% | 31.90% |
| 2005 | 33.10% | 29.36% | 30.51% |
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. ↩
