Cullman County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Cullman County AL was $798 in 2019 according to the Census ACS survey.1 Average gross rent in Cullman County was $756 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 Cullman County median and average rent data will be released in September of 2021.
Data is also available below for Cullman County rental vacancy rates, Cullman County rent as a percent of median income and the fraction of renters in Cullman County.
Real Gross Rent in Cullman 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% |
Cullman County AL Median Gross Rent | $798 | +10.37% | +25.47% |
Cullman County AL Real Gross Rent Trends
At $798, real median gross rent in Cullman County was at its highest level in 2019 since the series began in 2005. At $756, real average gross rent in Cullman County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Cullman County AL Median, Cullman County AL Average, Alabama Median, US Median
Real Gross Rent History for Cullman County
Date | US Median |
Alabama Median |
Cullman County AL Median |
Cullman County AL Average |
---|---|---|---|---|
2019 | $1,097 | $807 | $798 | $756 |
2018 | $1,077 | $802 | $723 | $569 |
2017 | $1,043 | $773 | $677 | $570 |
2016 | $1,027 | $778 | $636 | $583 |
2015 | $1,017 | $773 | $659 | $574 |
2014 | $986 | $757 | $650 | $562 |
2013 | $953 | $731 | $652 | $567 |
2012 | $940 | $733 | $591 | $501 |
2011 | $941 | $742 | $687 | $578 |
2010 | $955 | $745 | $654 | $577 |
2009 | $960 | $749 | $621 | $549 |
2007 | $927 | $706 | $612 | $522 |
2005 | $910 | $669 | $660 | $524 |
Cullman 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 Cullman County Alabama was 8.33% according to Census ACS data.
Rental Vacancy Rate in Cullman County Alabama
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
Alabama | 9.69% | -0.37% | -0.65% |
Cullman County AL | — | — | — |
Trends in Cullman County AL Rental Vacancy Rate
The rental vacancy rate in Cullman County peaked in 2008 at 12.04%. Since then it has fallen by 3.71% to 8.33%. Data records for this series originated in 2005.
Rental Vacancy Rate: Cullman County AL, Alabama, US
Historical Rental Vacancy Rate data for Cullman County
Date | US | Alabama | Cullman County AL |
---|---|---|---|
2019 | 5.97% | 9.69% | — |
2018 | 6.15% | 10.06% | 8.33% |
2017 | 6.18% | 10.99% | — |
2016 | 5.89% | 10.34% | 8.94% |
2015 | 5.85% | 9.72% | — |
2014 | 6.32% | 10.37% | 7.48% |
2013 | 6.49% | 9.17% | — |
2012 | 6.77% | 7.79% | — |
2011 | 7.40% | 8.30% | — |
2010 | 8.17% | 9.64% | 7.46% |
2009 | 8.43% | 10.33% | — |
2007 | 7.87% | 9.25% | 4.11% |
2005 | 7.74% | 9.21% | 9.89% |
Rent as a Fraction of Income
Using median household income data for Cullman County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cullman County, median monthly gross rent as a fraction of median household income was 18.81% in 2019 according to the ACS.
Cullman 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% |
Cullman County AL | 18.81% | -0.29% | +0.33% |
Trends in Cullman County AL Rent as a Fraction of Income
The fraction of median Cullman County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.68%. Since then it has fallen by 0.87% to 18.81%.
Fraction of Income towards Rent: Cullman County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Cullman County Alabama
Date | US | Alabama | Cullman County AL |
---|---|---|---|
2019 | 20.03% | 18.72% | 18.81% |
2018 | 20.50% | 18.96% | 19.10% |
2017 | 20.13% | 18.70% | 17.50% |
2016 | 20.43% | 19.27% | 18.48% |
2015 | 20.63% | 19.54% | 19.68% |
2014 | 20.89% | 20.09% | 19.32% |
2013 | 20.78% | 19.44% | 18.60% |
2012 | 20.65% | 19.89% | 17.89% |
2011 | 20.70% | 19.91% | 19.05% |
2010 | 20.50% | 19.78% | 19.62% |
2009 | 20.12% | 19.47% | 17.86% |
2007 | 18.66% | 17.78% | 15.99% |
2005 | 18.89% | 17.41% | 17.05% |
Renter Fraction in Cullman County Alabama
You can calculate the renter fraction in Cullman 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 Cullman County as a fraction of total Cullman County households. In 2019 24.23% of households were renters according to Census ACS data.
Cullman 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% |
Cullman County AL | 24.23% | -0.71% | +1.15% |
Trends in the Cullman County AL Renter Fraction
The Cullman County household renter fraction peaked in in 2006 at 33.09% and is now 8.86% below that level. From a recent low of 22.39% in 2007, the household based renter fraction has now grown by 1.84%. The origin year for the series is 2005.
Fraction of Renting Households: Cullman County AL, Alabama, US
History of Cullman County Renter Fraction
Date | US | Alabama | Cullman County AL |
---|---|---|---|
2019 | 35.89% | 31.22% | 24.23% |
2018 | 36.05% | 31.96% | 24.94% |
2017 | 36.13% | 31.95% | 29.65% |
2016 | 36.88% | 31.55% | 23.08% |
2015 | 36.97% | 32.11% | 25.14% |
2014 | 36.90% | 32.32% | 25.49% |
2013 | 36.50% | 31.96% | 24.34% |
2012 | 36.09% | 31.25% | 24.35% |
2011 | 35.42% | 30.11% | 25.07% |
2010 | 34.65% | 29.88% | 24.78% |
2009 | 34.13% | 30.42% | 27.30% |
2007 | 32.80% | 29.10% | 22.39% |
2005 | 33.10% | 29.48% | 29.12% |
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. ↩