Lauderdale County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Lauderdale County AL was $637 in 2019 according to the Census ACS survey.1 Average gross rent in Lauderdale County was $629 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 Lauderdale County median and average rent data will be released in September of 2021.
Data is also available below for Lauderdale County rental vacancy rates, Lauderdale County rent as a percent of median income and the fraction of renters in Lauderdale County.
Real Gross Rent in Lauderdale 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% |
| Lauderdale County AL Median Gross Rent | $637 | -0.93% | +0.16% |
Lauderdale County AL Real Gross Rent Trends
Median gross rent for Lauderdale County peaked in real terms in 2015 at $683 and is now $46 (6.73%) lower. At $629, real average gross rent in Lauderdale County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Lauderdale County AL Median, Lauderdale County AL Average, Alabama Median, US Median
Real Gross Rent History for Lauderdale County
| Date | US Median |
Alabama Median |
Lauderdale County AL Median |
Lauderdale County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $637 | $629 |
| 2018 | $1,077 | $802 | $643 | $610 |
| 2017 | $1,043 | $773 | $677 | $624 |
| 2016 | $1,027 | $778 | $636 | $528 |
| 2015 | $1,017 | $773 | $683 | $575 |
| 2014 | $986 | $757 | $633 | $568 |
| 2013 | $953 | $731 | $593 | $538 |
| 2012 | $940 | $733 | $604 | $553 |
| 2011 | $941 | $742 | $630 | $606 |
| 2010 | $955 | $745 | $625 | $582 |
| 2009 | $960 | $749 | $645 | $587 |
| 2007 | $927 | $706 | $617 | $524 |
| 2005 | $910 | $669 | $550 | $485 |
Lauderdale 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 Lauderdale County Alabama was 4.49% according to Census ACS data.
Rental Vacancy Rate in Lauderdale County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Lauderdale County AL | — | — | — |
Trends in Lauderdale County AL Rental Vacancy Rate
The rental vacancy rate in Lauderdale County peaked in 2005 at 11.16%. Since then it has fallen by 6.67% to 4.49%. Data records for this series originated in 2005. From a 2013 post peak low of 3.52%, the rental vacancy rate has increased by 0.97%.
Rental Vacancy Rate: Lauderdale County AL, Alabama, US
Historical Rental Vacancy Rate data for Lauderdale County
| Date | US | Alabama | Lauderdale County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | 4.49% |
| 2017 | 6.18% | 10.99% | 5.86% |
| 2016 | 5.89% | 10.34% | — |
| 2015 | 5.85% | 9.72% | 9.72% |
| 2014 | 6.32% | 10.37% | 7.07% |
| 2013 | 6.49% | 9.17% | 3.52% |
| 2012 | 6.77% | 7.79% | 9.69% |
| 2011 | 7.40% | 8.30% | 10.23% |
| 2010 | 8.17% | 9.64% | 8.31% |
| 2009 | 8.43% | 10.33% | 8.74% |
| 2007 | 7.87% | 9.25% | — |
| 2005 | 7.74% | 9.21% | 11.16% |
Rent as a Fraction of Income
Using median household income data for Lauderdale County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lauderdale County, median monthly gross rent as a fraction of median household income was 16.39% in 2019 according to the ACS.
Lauderdale 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% |
| Lauderdale County AL | 16.39% | +0.92% | -0.38% |
Trends in Lauderdale County AL Rent as a Fraction of Income
The fraction of median Lauderdale County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 18.15%. Since then it has fallen by 1.76% to 16.39%.
Fraction of Income towards Rent: Lauderdale County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Lauderdale County Alabama
| Date | US | Alabama | Lauderdale County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 16.39% |
| 2018 | 20.50% | 18.96% | 15.47% |
| 2017 | 20.13% | 18.70% | 17.38% |
| 2016 | 20.43% | 19.27% | 16.77% |
| 2015 | 20.63% | 19.54% | 18.15% |
| 2014 | 20.89% | 20.09% | 17.86% |
| 2013 | 20.78% | 19.44% | 15.39% |
| 2012 | 20.65% | 19.89% | 16.26% |
| 2011 | 20.70% | 19.91% | 17.44% |
| 2010 | 20.50% | 19.78% | 17.35% |
| 2009 | 20.12% | 19.47% | 17.51% |
| 2007 | 18.66% | 17.78% | 17.07% |
| 2005 | 18.89% | 17.41% | 16.46% |
Renter Fraction in Lauderdale County Alabama
You can calculate the renter fraction in Lauderdale 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 Lauderdale County as a fraction of total Lauderdale County households. In 2019 35.65% of households were renters according to Census ACS data.
Lauderdale 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% |
| Lauderdale County AL | 35.65% | +1.63% | +5.47% |
Trends in the Lauderdale County AL Renter Fraction
At 35.65%, the 2019 household based renter fraction in Lauderdale County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Lauderdale County AL, Alabama, US
History of Lauderdale County Renter Fraction
| Date | US | Alabama | Lauderdale County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 35.65% |
| 2018 | 36.05% | 31.96% | 34.02% |
| 2017 | 36.13% | 31.95% | 34.27% |
| 2016 | 36.88% | 31.55% | 30.18% |
| 2015 | 36.97% | 32.11% | 31.24% |
| 2014 | 36.90% | 32.32% | 31.94% |
| 2013 | 36.50% | 31.96% | 32.90% |
| 2012 | 36.09% | 31.25% | 31.50% |
| 2011 | 35.42% | 30.11% | 28.59% |
| 2010 | 34.65% | 29.88% | 27.66% |
| 2009 | 34.13% | 30.42% | 30.23% |
| 2007 | 32.80% | 29.10% | 28.81% |
| 2005 | 33.10% | 29.48% | 27.01% |
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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