Talladega County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Talladega County AL was $626 in 2019 according to the Census ACS survey.1 Average gross rent in Talladega County was $581 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 Talladega County median and average rent data will be released in September of 2021.
Data is also available below for Talladega County rental vacancy rates, Talladega County rent as a percent of median income and the fraction of renters in Talladega County.
Real Gross Rent in Talladega 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% |
| Talladega County AL Median Gross Rent | $626 | -5.44% | -16.76% |
Talladega County AL Real Gross Rent Trends
Median gross rent for Talladega County peaked in real terms in 2016 at $752 and is now $126 (16.76%) lower. Average gross rent for Talladega County peaked in real terms in 2016 at $645 and is now $64 (9.92%) lower.
Real Gross Rent: Talladega County AL Median, Talladega County AL Average, Alabama Median, US Median
Real Gross Rent History for Talladega County
| Date | US Median |
Alabama Median |
Talladega County AL Median |
Talladega County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $626 | $581 |
| 2018 | $1,077 | $802 | $662 | $570 |
| 2017 | $1,043 | $773 | $555 | $544 |
| 2016 | $1,027 | $778 | $752 | $645 |
| 2015 | $1,017 | $773 | $598 | $576 |
| 2014 | $986 | $757 | $636 | $549 |
| 2013 | $953 | $731 | $556 | $510 |
| 2012 | $940 | $733 | $619 | $547 |
| 2011 | $941 | $742 | $626 | $503 |
| 2010 | $955 | $745 | $692 | $536 |
| 2009 | $960 | $749 | $636 | $545 |
| 2007 | $927 | $706 | $578 | $524 |
| 2005 | $910 | $669 | $515 | $470 |
Talladega County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Talladega County Alabama was 4.31% according to Census ACS data.
Rental Vacancy Rate in Talladega County Alabama
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Alabama | 9.69% | -0.37% | -0.65% |
| Talladega County AL | 4.31% | +1.66% | -8.11% |
Trends in Talladega County AL Rental Vacancy Rate
The rental vacancy rate in Talladega County peaked in 2006 at 14.17%. Since then it has fallen by 9.86% to 4.31%. Data records for this series originated in 2005. From a 2015 post peak low of 2.40%, the rental vacancy rate has increased by 1.91%.
Rental Vacancy Rate: Talladega County AL, Alabama, US
Historical Rental Vacancy Rate data for Talladega County
| Date | US | Alabama | Talladega County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | 4.31% |
| 2018 | 6.15% | 10.06% | 2.65% |
| 2017 | 6.18% | 10.99% | 4.39% |
| 2016 | 5.89% | 10.34% | 12.42% |
| 2015 | 5.85% | 9.72% | 2.40% |
| 2014 | 6.32% | 10.37% | 9.93% |
| 2013 | 6.49% | 9.17% | 5.85% |
| 2012 | 6.77% | 7.79% | 7.12% |
| 2011 | 7.40% | 8.30% | 4.61% |
| 2010 | 8.17% | 9.64% | 8.32% |
| 2009 | 8.43% | 10.33% | 9.29% |
| 2007 | 7.87% | 9.25% | — |
| 2005 | 7.74% | 9.21% | — |
Rent as a Fraction of Income
Using median household income data for Talladega County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Talladega County, median monthly gross rent as a fraction of median household income was 14.98% in 2019 according to the ACS.
Talladega 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% |
| Talladega County AL | 14.98% | -4.37% | -6.89% |
Trends in Talladega County AL Rent as a Fraction of Income
The fraction of median Talladega County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.92%. Since then it has fallen by 7.94% to 14.98%.
Fraction of Income towards Rent: Talladega County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Talladega County Alabama
| Date | US | Alabama | Talladega County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 14.98% |
| 2018 | 20.50% | 18.96% | 19.35% |
| 2017 | 20.13% | 18.70% | 16.25% |
| 2016 | 20.43% | 19.27% | 21.87% |
| 2015 | 20.63% | 19.54% | 19.65% |
| 2014 | 20.89% | 20.09% | 18.07% |
| 2013 | 20.78% | 19.44% | 16.80% |
| 2012 | 20.65% | 19.89% | 22.14% |
| 2011 | 20.70% | 19.91% | 22.92% |
| 2010 | 20.50% | 19.78% | 21.54% |
| 2009 | 20.12% | 19.47% | 18.33% |
| 2007 | 18.66% | 17.78% | 15.02% |
| 2005 | 18.89% | 17.41% | 15.69% |
Renter Fraction in Talladega County Alabama
You can calculate the renter fraction in Talladega 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 Talladega County as a fraction of total Talladega County households. In 2019 26.28% of households were renters according to Census ACS data.
Talladega 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% |
| Talladega County AL | 26.28% | -5.15% | +3.39% |
Trends in the Talladega County AL Renter Fraction
The Talladega County household renter fraction peaked in in 2011 at 34.50% and is now 8.22% below that level. From a recent low of 22.89% in 2016, the household based renter fraction has now grown by 3.39%. The origin year for the series is 2005.
Fraction of Renting Households: Talladega County AL, Alabama, US
History of Talladega County Renter Fraction
| Date | US | Alabama | Talladega County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 26.28% |
| 2018 | 36.05% | 31.96% | 31.43% |
| 2017 | 36.13% | 31.95% | 31.79% |
| 2016 | 36.88% | 31.55% | 22.89% |
| 2015 | 36.97% | 32.11% | 32.51% |
| 2014 | 36.90% | 32.32% | 27.65% |
| 2013 | 36.50% | 31.96% | 24.91% |
| 2012 | 36.09% | 31.25% | 29.51% |
| 2011 | 35.42% | 30.11% | 34.50% |
| 2010 | 34.65% | 29.88% | 32.15% |
| 2009 | 34.13% | 30.42% | 27.79% |
| 2007 | 32.80% | 29.10% | 27.42% |
| 2005 | 33.10% | 29.48% | 33.09% |
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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