Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Alabama was $807 in 2019 according to the Census ACS survey.1 Average gross rent was $755 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 Alabama median and average rent data will be released in September of 2021.
Data is also available below for Alabama rental vacancy rates, Alabama rent as a percent of median income and the fraction of renters in Alabama.
Real Gross Rent in Alabama (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Alabama Median Gross Rent | $807 | +0.62% | +3.73% |
Alabama Real Gross Rent Trends
At $807, real median gross rent in Alabama was at its highest level in 2019 since the series began in 2005. At $755, real average gross rent in Alabama was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Alabama: Median, Average, US Median
Real Gross Rent History for Alabama
| Date | US Median | Alabama Median | Alabama Average |
|---|---|---|---|
| 2019 | $1,097 | $807 | $755 |
| 2018 | $1,077 | $802 | $753 |
| 2017 | $1,043 | $773 | $737 |
| 2016 | $1,027 | $778 | $737 |
| 2015 | $1,017 | $773 | $728 |
| 2014 | $986 | $757 | $718 |
| 2013 | $953 | $731 | $703 |
| 2012 | $940 | $733 | $691 |
| 2011 | $941 | $742 | $705 |
| 2010 | $955 | $745 | $715 |
| 2009 | $960 | $749 | $699 |
| 2007 | $927 | $706 | $650 |
| 2005 | $910 | $669 | $625 |
Alabama 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 Alabama was 9.69% according to Census ACS data.
Rental Vacancy Rate in Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
Trends in Alabama Rental Vacancy Rate
The rental vacancy rate in Alabama peaked in 2017 at 10.99%. Since then it has fallen by 1.30% to 9.69%. Data records for this series originated in 2005.
Rental Vacancy Rate: Alabama, US
Historical Rental Vacancy Rate data for Alabama
| Date | US | Alabama |
|---|---|---|
| 2019 | 5.97% | 9.69% |
| 2018 | 6.15% | 10.06% |
| 2017 | 6.18% | 10.99% |
| 2016 | 5.89% | 10.34% |
| 2015 | 5.85% | 9.72% |
| 2014 | 6.32% | 10.37% |
| 2013 | 6.49% | 9.17% |
| 2012 | 6.77% | 7.79% |
| 2011 | 7.40% | 8.30% |
| 2010 | 8.17% | 9.64% |
| 2009 | 8.43% | 10.33% |
| 2007 | 7.87% | 9.25% |
| 2005 | 7.74% | 9.21% |
Alabama Rent as a Fraction of Income
Using median household income data for Alabama, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Alabama, median monthly gross rent as a fraction of median household income was 18.72% in 2019 according to the ACS.
Alabama Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Alabama | 18.72% | -0.25% | -0.56% |
Trends in Alabama Rent as a Fraction of Income
The fraction of median Alabama household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.09%. Since then it has fallen by 1.37% to 18.72%.
Fraction of Income towards Rent: Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Alabama
| Date | US | Alabama |
|---|---|---|
| 2019 | 20.03% | 18.72% |
| 2018 | 20.50% | 18.96% |
| 2017 | 20.13% | 18.70% |
| 2016 | 20.43% | 19.27% |
| 2015 | 20.63% | 19.54% |
| 2014 | 20.89% | 20.09% |
| 2013 | 20.78% | 19.44% |
| 2012 | 20.65% | 19.89% |
| 2011 | 20.70% | 19.91% |
| 2010 | 20.50% | 19.78% |
| 2009 | 20.12% | 19.47% |
| 2007 | 18.66% | 17.78% |
| 2005 | 18.89% | 17.41% |
Renter Fraction in Alabama
You can calculate the renter fraction in Alabama 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 Alabama as a fraction of total Alabama households. In 2019 31.22% of households were renters according to Census ACS data.
Alabama Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Alabama | 31.22% | -0.74% | -0.33% |
Trends in the Alabama Renter Fraction
The Alabama household renter fraction peaked in in 2014 at 32.32% and is now 1.10% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Alabama, US
History of Alabama Renter Fraction
| Date | US | Alabama |
|---|---|---|
| 2019 | 35.89% | 31.22% |
| 2018 | 36.05% | 31.96% |
| 2017 | 36.13% | 31.95% |
| 2016 | 36.88% | 31.55% |
| 2015 | 36.97% | 32.11% |
| 2014 | 36.90% | 32.32% |
| 2013 | 36.50% | 31.96% |
| 2012 | 36.09% | 31.25% |
| 2011 | 35.42% | 30.11% |
| 2010 | 34.65% | 29.88% |
| 2009 | 34.13% | 30.42% |
| 2007 | 32.80% | 29.10% |
| 2005 | 33.10% | 29.48% |
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. ↩
