Marshall County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Marshall County AL was $652 in 2019 according to the Census ACS survey.1 Average gross rent in Marshall County was $578 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 Marshall County median and average rent data will be released in September of 2021.
Data is also available below for Marshall County rental vacancy rates, Marshall County rent as a percent of median income and the fraction of renters in Marshall County.
Real Gross Rent in Marshall 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% |
| Marshall County AL Median Gross Rent | $652 | -0.76% | -1.21% |
Marshall County AL Real Gross Rent Trends
Median gross rent for Marshall County peaked in real terms in 2008 at $739 and is now $87 (11.77%) lower. Average gross rent for Marshall County peaked in real terms in 2008 at $637 and is now $59 (9.26%) lower.
Real Gross Rent: Marshall County AL Median, Marshall County AL Average, Alabama Median, US Median
Real Gross Rent History for Marshall County
| Date | US Median |
Alabama Median |
Marshall County AL Median |
Marshall County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $652 | $578 |
| 2018 | $1,077 | $802 | $657 | $599 |
| 2017 | $1,043 | $773 | $621 | $580 |
| 2016 | $1,027 | $778 | $660 | $588 |
| 2015 | $1,017 | $773 | $643 | $588 |
| 2014 | $986 | $757 | $603 | $582 |
| 2013 | $953 | $731 | $603 | $556 |
| 2012 | $940 | $733 | $568 | $495 |
| 2011 | $941 | $742 | $660 | $615 |
| 2010 | $955 | $745 | $644 | $534 |
| 2009 | $960 | $749 | $660 | $553 |
| 2007 | $927 | $706 | $580 | $475 |
| 2005 | $910 | $669 | $525 | $499 |
Marshall 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 Marshall County Alabama was 6.41% according to Census ACS data.
Rental Vacancy Rate in Marshall County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Marshall County AL | — | — | — |
Trends in Marshall County AL Rental Vacancy Rate
The rental vacancy rate in Marshall County peaked in 2006 at 11.99%. Since then it has fallen by 5.58% to 6.41%. Data records for this series originated in 2005. From a 2015 post peak low of 2.99%, the rental vacancy rate has increased by 3.42%.
Rental Vacancy Rate: Marshall County AL, Alabama, US
Historical Rental Vacancy Rate data for Marshall County
| Date | US | Alabama | Marshall County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | 6.41% |
| 2017 | 6.18% | 10.99% | — |
| 2016 | 5.89% | 10.34% | 3.11% |
| 2015 | 5.85% | 9.72% | 2.99% |
| 2014 | 6.32% | 10.37% | 6.94% |
| 2013 | 6.49% | 9.17% | 8.61% |
| 2012 | 6.77% | 7.79% | 4.26% |
| 2011 | 7.40% | 8.30% | 4.99% |
| 2010 | 8.17% | 9.64% | — |
| 2009 | 8.43% | 10.33% | 8.02% |
| 2007 | 7.87% | 9.25% | — |
| 2005 | 7.74% | 9.21% | 8.32% |
Rent as a Fraction of Income
Using median household income data for Marshall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Marshall County, median monthly gross rent as a fraction of median household income was 15.82% in 2019 according to the ACS.
Marshall 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% |
| Marshall County AL | 15.82% | -0.47% | -2.03% |
Trends in Marshall County AL Rent as a Fraction of Income
The fraction of median Marshall County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 21.27%. Since then it has fallen by 5.45% to 15.82%.
Fraction of Income towards Rent: Marshall County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Marshall County Alabama
| Date | US | Alabama | Marshall County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 15.82% |
| 2018 | 20.50% | 18.96% | 16.29% |
| 2017 | 20.13% | 18.70% | 17.42% |
| 2016 | 20.43% | 19.27% | 17.85% |
| 2015 | 20.63% | 19.54% | 17.94% |
| 2014 | 20.89% | 20.09% | 20.49% |
| 2013 | 20.78% | 19.44% | 18.04% |
| 2012 | 20.65% | 19.89% | 17.70% |
| 2011 | 20.70% | 19.91% | 18.68% |
| 2010 | 20.50% | 19.78% | 17.57% |
| 2009 | 20.12% | 19.47% | 18.64% |
| 2007 | 18.66% | 17.78% | 17.36% |
| 2005 | 18.89% | 17.41% | 14.95% |
Renter Fraction in Marshall County Alabama
You can calculate the renter fraction in Marshall 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 Marshall County as a fraction of total Marshall County households. In 2019 29.57% of households were renters according to Census ACS data.
Marshall 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% |
| Marshall County AL | 29.57% | +0.48% | -3.12% |
Trends in the Marshall County AL Renter Fraction
The Marshall County household renter fraction peaked in in 2014 at 32.69% and is now 3.12% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Marshall County AL, Alabama, US
History of Marshall County Renter Fraction
| Date | US | Alabama | Marshall County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 29.57% |
| 2018 | 36.05% | 31.96% | 29.09% |
| 2017 | 36.13% | 31.95% | 30.62% |
| 2016 | 36.88% | 31.55% | 32.69% |
| 2015 | 36.97% | 32.11% | 26.74% |
| 2014 | 36.90% | 32.32% | 32.69% |
| 2013 | 36.50% | 31.96% | 27.31% |
| 2012 | 36.09% | 31.25% | 27.99% |
| 2011 | 35.42% | 30.11% | 25.52% |
| 2010 | 34.65% | 29.88% | 29.20% |
| 2009 | 34.13% | 30.42% | 28.71% |
| 2007 | 32.80% | 29.10% | 26.89% |
| 2005 | 33.10% | 29.48% | 28.23% |
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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