2024 · Missouri
Rental yield in Missouri
In 2024, the typical rental in Missouri produced a gross yield of 5.0% — $1,067/mo median rent against a $254K median home value, ranking 19th of 51 states.
5.0%
Gross rental yield
above the 4.9% U.S. median
$1,067/mo
Median gross rent
incl. utilities (ACS)
$254K
Median home value
owner-occupied (ACS)
Missouri metros by yield
Metropolitan areas in Missouri with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Joplin, MO-KS | 6.5% | $1,001/mo | $185K |
| St. Joseph, MO-KS | 5.5% | $882/mo | $192K |
| St. Louis, MO-IL | 5.2% | $1,154/mo | $268K |
| Kansas City, MO-KS | 5.0% | $1,315/mo | $314K |
| Cape Girardeau, MO-IL | 4.9% | $890/mo | $220K |
| Springfield, MO | 4.7% | $1,019/mo | $260K |
| Columbia, MO | 4.6% | $1,115/mo | $290K |
| Jefferson City, MO | 4.2% | $874/mo | $250K |
Frequently asked questions
What is the gross rental yield in Missouri?
In 2024, Missouri had a gross rental yield of 5.0% — $1,067/mo median gross rent against a $254K median home value. That ranks 19th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Missouri metros have the best rental yield?
Among Missouri metros covered by the data, gross yield was highest in Joplin, MO-KS (6.5%), St. Joseph, MO-KS (5.5%), and St. Louis, MO-IL (5.2%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Missouri
Yield shows where the numbers work; our Investor Financing Report for Missouri shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Missouri deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.