The latest Chandan Economics report reveals a worrying trend for landlords in Missouri, where only 83.1% of tenants made their rental payments on time in August 2024. This figure is slightly below the national average of 84.9%, indicating that Missouri is feeling the strain more acutely. The state’s on-time payment rate reflects a broader decline seen across the country, with national rates dropping 50 basis points from July and 332 basis points from their post-pandemic peak.
For a more granular look at these trends, explore the live, interactive chart that tracks on-time payment rates by property type. This tool is particularly valuable as it highlights how different rental segments, including multifamily properties and single-family rentals, are performing in the current market. Understanding these shifts is essential for landlords and investors navigating Missouri’s challenging rental landscape.
