Elmore County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Elmore County AL was $896 in 2019 according to the Census ACS survey.1 Average gross rent in Elmore County was $830 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 Elmore County median and average rent data will be released in September of 2021.
Data is also available below for Elmore County rental vacancy rates, Elmore County rent as a percent of median income and the fraction of renters in Elmore County.
Real Gross Rent in Elmore 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% |
| Elmore County AL Median Gross Rent | $896 | +5.16% | +5.41% |
Elmore County AL Real Gross Rent Trends
Median gross rent for Elmore County peaked in real terms in 2017 at $948 and is now $52 (5.49%) lower. Average gross rent for Elmore County peaked in real terms in 2017 at $837 and is now $7 (0.84%) lower.
Real Gross Rent: Elmore County AL Median, Elmore County AL Average, Alabama Median, US Median
Real Gross Rent History for Elmore County
| Date | US Median |
Alabama Median |
Elmore County AL Median |
Elmore County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $896 | $830 |
| 2018 | $1,077 | $802 | $852 | $781 |
| 2017 | $1,043 | $773 | $948 | $837 |
| 2016 | $1,027 | $778 | $850 | $809 |
| 2015 | $1,017 | $773 | $865 | $758 |
| 2014 | $986 | $757 | $791 | $713 |
| 2013 | $953 | $731 | $848 | $782 |
| 2012 | $940 | $733 | $828 | $830 |
| 2011 | $941 | $742 | $785 | $709 |
| 2010 | $955 | $745 | $946 | $798 |
| 2009 | $960 | $749 | $772 | $652 |
| 2007 | $927 | $706 | $766 | $580 |
| 2005 | $910 | $669 | $688 | $656 |
Elmore County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Elmore County Alabama was 6.68% according to Census ACS data.
Rental Vacancy Rate in Elmore County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Elmore County AL | — | — | — |
Trends in Elmore County AL Rental Vacancy Rate
The rental vacancy rate in Elmore County peaked in 2015 at 8.66%. Since then it has fallen by 1.98% to 6.68%. Data records for this series originated in 2005.
Rental Vacancy Rate: Elmore County AL, Alabama, US
Historical Rental Vacancy Rate data for Elmore County
| Date | US | Alabama | Elmore County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | — |
| 2017 | 6.18% | 10.99% | — |
| 2016 | 5.89% | 10.34% | 6.68% |
| 2015 | 5.85% | 9.72% | 8.66% |
| 2014 | 6.32% | 10.37% | — |
| 2013 | 6.49% | 9.17% | — |
| 2012 | 6.77% | 7.79% | 7.68% |
| 2011 | 7.40% | 8.30% | — |
| 2010 | 8.17% | 9.64% | — |
| 2009 | 8.43% | 10.33% | 6.87% |
| 2007 | 7.87% | 9.25% | — |
| 2005 | 7.74% | 9.21% | — |
Rent as a Fraction of Income
Using median household income data for Elmore County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Elmore County, median monthly gross rent as a fraction of median household income was 17.38% in 2019 according to the ACS.
Elmore 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% |
| Elmore County AL | 17.38% | +0.86% | -1.15% |
Trends in Elmore County AL Rent as a Fraction of Income
The fraction of median Elmore County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 19.46%. Since then it has fallen by 2.08% to 17.38%.
Fraction of Income towards Rent: Elmore County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Elmore County Alabama
| Date | US | Alabama | Elmore County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 17.38% |
| 2018 | 20.50% | 18.96% | 16.52% |
| 2017 | 20.13% | 18.70% | 18.21% |
| 2016 | 20.43% | 19.27% | 18.53% |
| 2015 | 20.63% | 19.54% | 18.63% |
| 2014 | 20.89% | 20.09% | 16.19% |
| 2013 | 20.78% | 19.44% | 19.05% |
| 2012 | 20.65% | 19.89% | 17.51% |
| 2011 | 20.70% | 19.91% | 15.20% |
| 2010 | 20.50% | 19.78% | 19.46% |
| 2009 | 20.12% | 19.47% | 15.89% |
| 2007 | 18.66% | 17.78% | 15.81% |
| 2005 | 18.89% | 17.41% | 14.41% |
Renter Fraction in Elmore County Alabama
You can calculate the renter fraction in Elmore 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 Elmore County as a fraction of total Elmore County households. In 2019 25.56% of households were renters according to Census ACS data.
Elmore 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% |
| Elmore County AL | 25.56% | -0.92% | -3.36% |
Trends in the Elmore County AL Renter Fraction
The Elmore County household renter fraction peaked in in 2013 at 29.98% and is now 4.42% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Elmore County AL, Alabama, US
History of Elmore County Renter Fraction
| Date | US | Alabama | Elmore County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 25.56% |
| 2018 | 36.05% | 31.96% | 26.48% |
| 2017 | 36.13% | 31.95% | 27.28% |
| 2016 | 36.88% | 31.55% | 28.92% |
| 2015 | 36.97% | 32.11% | 27.86% |
| 2014 | 36.90% | 32.32% | 20.44% |
| 2013 | 36.50% | 31.96% | 29.98% |
| 2012 | 36.09% | 31.25% | 23.15% |
| 2011 | 35.42% | 30.11% | 20.90% |
| 2010 | 34.65% | 29.88% | 22.02% |
| 2009 | 34.13% | 30.42% | 22.05% |
| 2007 | 32.80% | 29.10% | 23.29% |
| 2005 | 33.10% | 29.48% | 21.20% |
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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