Etowah County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Etowah County AL was $677 in 2019 according to the Census ACS survey.1 Average gross rent in Etowah County was $621 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 Etowah County median and average rent data will be released in September of 2021.
Data is also available below for Etowah County rental vacancy rates, Etowah County rent as a percent of median income and the fraction of renters in Etowah County.
Real Gross Rent in Etowah 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% |
| Etowah County AL Median Gross Rent | $677 | -2.87% | +8.84% |
Etowah County AL Real Gross Rent Trends
Median gross rent for Etowah County peaked in real terms in 2014 at $705 and is now $28 (3.97%) lower. Average gross rent for Etowah County peaked in real terms in 2018 at $670 and is now $49 (7.31%) lower.
Real Gross Rent: Etowah County AL Median, Etowah County AL Average, Alabama Median, US Median
Real Gross Rent History for Etowah County
| Date | US Median |
Alabama Median |
Etowah County AL Median |
Etowah County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $677 | $621 |
| 2018 | $1,077 | $802 | $697 | $670 |
| 2017 | $1,043 | $773 | $637 | $545 |
| 2016 | $1,027 | $778 | $622 | $623 |
| 2015 | $1,017 | $773 | $690 | $600 |
| 2014 | $986 | $757 | $705 | $575 |
| 2013 | $953 | $731 | $633 | $550 |
| 2012 | $940 | $733 | $606 | $553 |
| 2011 | $941 | $742 | $663 | $608 |
| 2010 | $955 | $745 | $681 | $639 |
| 2009 | $960 | $749 | $683 | $553 |
| 2007 | $927 | $706 | $585 | $535 |
| 2005 | $910 | $669 | $584 | $560 |
Etowah County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Etowah County Alabama was 9.48% according to Census ACS data.
Rental Vacancy Rate in Etowah County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Etowah County AL | — | — | — |
Trends in Etowah County AL Rental Vacancy Rate
The rental vacancy rate in Etowah County peaked in 2009 at 9.95%. Since then it has fallen by 0.47% to 9.48%. Data records for this series originated in 2005.
Rental Vacancy Rate: Etowah County AL, Alabama, US
Historical Rental Vacancy Rate data for Etowah County
| Date | US | Alabama | Etowah County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | — |
| 2017 | 6.18% | 10.99% | 9.48% |
| 2016 | 5.89% | 10.34% | — |
| 2015 | 5.85% | 9.72% | — |
| 2014 | 6.32% | 10.37% | 5.21% |
| 2013 | 6.49% | 9.17% | — |
| 2012 | 6.77% | 7.79% | 5.26% |
| 2011 | 7.40% | 8.30% | 6.78% |
| 2010 | 8.17% | 9.64% | 4.85% |
| 2009 | 8.43% | 10.33% | 9.95% |
| 2007 | 7.87% | 9.25% | 3.93% |
| 2005 | 7.74% | 9.21% | 5.95% |
Rent as a Fraction of Income
Using median household income data for Etowah County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Etowah County, median monthly gross rent as a fraction of median household income was 19.60% in 2019 according to the ACS.
Etowah 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% |
| Etowah County AL | 19.60% | +1.68% | +2.28% |
Trends in Etowah County AL Rent as a Fraction of Income
The fraction of median Etowah County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.12%. Since then it has fallen by 2.52% to 19.60%.
Fraction of Income towards Rent: Etowah County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Etowah County Alabama
| Date | US | Alabama | Etowah County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 19.60% |
| 2018 | 20.50% | 18.96% | 17.92% |
| 2017 | 20.13% | 18.70% | 17.84% |
| 2016 | 20.43% | 19.27% | 17.32% |
| 2015 | 20.63% | 19.54% | 17.99% |
| 2014 | 20.89% | 20.09% | 19.78% |
| 2013 | 20.78% | 19.44% | 18.28% |
| 2012 | 20.65% | 19.89% | 19.96% |
| 2011 | 20.70% | 19.91% | 22.12% |
| 2010 | 20.50% | 19.78% | 20.36% |
| 2009 | 20.12% | 19.47% | 18.38% |
| 2007 | 18.66% | 17.78% | 17.25% |
| 2005 | 18.89% | 17.41% | 17.24% |
Renter Fraction in Etowah County Alabama
You can calculate the renter fraction in Etowah 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 Etowah County as a fraction of total Etowah County households. In 2019 27.16% of households were renters according to Census ACS data.
Etowah 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% |
| Etowah County AL | 27.16% | -1.95% | -1.22% |
Trends in the Etowah County AL Renter Fraction
The Etowah County household renter fraction peaked in in 2012 at 33.05% and is now 5.89% below that level. From a recent low of 25.50% in 2015, the household based renter fraction has now grown by 1.66%. The origin year for the series is 2005.
Fraction of Renting Households: Etowah County AL, Alabama, US
History of Etowah County Renter Fraction
| Date | US | Alabama | Etowah County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 27.16% |
| 2018 | 36.05% | 31.96% | 29.11% |
| 2017 | 36.13% | 31.95% | 28.54% |
| 2016 | 36.88% | 31.55% | 28.38% |
| 2015 | 36.97% | 32.11% | 25.50% |
| 2014 | 36.90% | 32.32% | 31.82% |
| 2013 | 36.50% | 31.96% | 27.97% |
| 2012 | 36.09% | 31.25% | 33.05% |
| 2011 | 35.42% | 30.11% | 26.87% |
| 2010 | 34.65% | 29.88% | 26.03% |
| 2009 | 34.13% | 30.42% | 25.51% |
| 2007 | 32.80% | 29.10% | 27.55% |
| 2005 | 33.10% | 29.48% | 26.73% |
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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