Calhoun County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Calhoun County AL was $769 in 2019 according to the Census ACS survey.1 Average gross rent in Calhoun County was $722 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 Calhoun County median and average rent data will be released in September of 2021.
Data is also available below for Calhoun County rental vacancy rates, Calhoun County rent as a percent of median income and the fraction of renters in Calhoun County.
Real Gross Rent in Calhoun County 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% |
| Calhoun County AL Median Gross Rent | $769 | +1.72% | +16.34% |
Calhoun County AL Real Gross Rent Trends
At $769, real median gross rent in Calhoun County was at its highest level in 2019 since the series began in 2005. Average gross rent for Calhoun County peaked in real terms in 2015 at $727 and is now $5 (0.69%) lower.
Real Gross Rent: Calhoun County AL Median, Calhoun County AL Average, Alabama Median, US Median
Real Gross Rent History for Calhoun County
| Date | US Median |
Alabama Median |
Calhoun County AL Median |
Calhoun County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $769 | $722 |
| 2018 | $1,077 | $802 | $756 | $672 |
| 2017 | $1,043 | $773 | $652 | $583 |
| 2016 | $1,027 | $778 | $661 | $637 |
| 2015 | $1,017 | $773 | $754 | $727 |
| 2014 | $986 | $757 | $631 | $549 |
| 2013 | $953 | $731 | $620 | $522 |
| 2012 | $940 | $733 | $693 | $636 |
| 2011 | $941 | $742 | $693 | $643 |
| 2010 | $955 | $745 | $678 | $641 |
| 2009 | $960 | $749 | $639 | $578 |
| 2007 | $927 | $706 | $650 | $582 |
| 2005 | $910 | $669 | $664 | $615 |
Calhoun 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 Calhoun County Alabama was 7.33% according to Census ACS data.
Rental Vacancy Rate in Calhoun County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Calhoun County AL | — | — | — |
Trends in Calhoun County AL Rental Vacancy Rate
The rental vacancy rate in Calhoun County peaked in 2009 at 12.42%. Since then it has fallen by 5.09% to 7.33%. Data records for this series originated in 2005. From a 2014 post peak low of 1.23%, the rental vacancy rate has increased by 6.10%.
Rental Vacancy Rate: Calhoun County AL, Alabama, US
Historical Rental Vacancy Rate data for Calhoun County
| Date | US | Alabama | Calhoun County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | 7.33% |
| 2017 | 6.18% | 10.99% | 3.72% |
| 2016 | 5.89% | 10.34% | 6.65% |
| 2015 | 5.85% | 9.72% | 3.73% |
| 2014 | 6.32% | 10.37% | 1.23% |
| 2013 | 6.49% | 9.17% | 3.36% |
| 2012 | 6.77% | 7.79% | 6.63% |
| 2011 | 7.40% | 8.30% | 5.87% |
| 2010 | 8.17% | 9.64% | 3.60% |
| 2009 | 8.43% | 10.33% | 12.42% |
| 2007 | 7.87% | 9.25% | 4.19% |
| 2005 | 7.74% | 9.21% | 10.18% |
Rent as a Fraction of Income
Using median household income data for Calhoun County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Calhoun County, median monthly gross rent as a fraction of median household income was 19.16% in 2019 according to the ACS.
Calhoun County 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% |
| Calhoun County AL | 19.16% | -0.30% | +1.00% |
Trends in Calhoun County AL Rent as a Fraction of Income
The fraction of median Calhoun County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 20.15%. Since then it has fallen by 0.99% to 19.16%.
Fraction of Income towards Rent: Calhoun County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Calhoun County Alabama
| Date | US | Alabama | Calhoun County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 19.16% |
| 2018 | 20.50% | 18.96% | 19.46% |
| 2017 | 20.13% | 18.70% | 16.22% |
| 2016 | 20.43% | 19.27% | 18.16% |
| 2015 | 20.63% | 19.54% | 20.15% |
| 2014 | 20.89% | 20.09% | 17.32% |
| 2013 | 20.78% | 19.44% | 19.52% |
| 2012 | 20.65% | 19.89% | 19.94% |
| 2011 | 20.70% | 19.91% | 19.74% |
| 2010 | 20.50% | 19.78% | 19.86% |
| 2009 | 20.12% | 19.47% | 18.43% |
| 2007 | 18.66% | 17.78% | 17.90% |
| 2005 | 18.89% | 17.41% | 17.58% |
Renter Fraction in Calhoun County Alabama
You can calculate the renter fraction in Calhoun 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 Calhoun County as a fraction of total Calhoun County households. In 2019 29.48% of households were renters according to Census ACS data.
Calhoun County 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% |
| Calhoun County AL | 29.48% | -0.40% | -3.84% |
Trends in the Calhoun County AL Renter Fraction
The Calhoun County household renter fraction peaked in in 2016 at 33.32% and is now 3.84% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Calhoun County AL, Alabama, US
History of Calhoun County Renter Fraction
| Date | US | Alabama | Calhoun County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 29.48% |
| 2018 | 36.05% | 31.96% | 29.88% |
| 2017 | 36.13% | 31.95% | 30.14% |
| 2016 | 36.88% | 31.55% | 33.32% |
| 2015 | 36.97% | 32.11% | 30.62% |
| 2014 | 36.90% | 32.32% | 31.19% |
| 2013 | 36.50% | 31.96% | 32.92% |
| 2012 | 36.09% | 31.25% | 31.60% |
| 2011 | 35.42% | 30.11% | 31.36% |
| 2010 | 34.65% | 29.88% | 32.53% |
| 2009 | 34.13% | 30.42% | 29.29% |
| 2007 | 32.80% | 29.10% | 29.28% |
| 2005 | 33.10% | 29.48% | 27.71% |
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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