Walker County Alabama Residential Rent and Rental Statistics
The median monthly gross residential rent in Walker County AL was $730 in 2019 according to the Census ACS survey.1 Average gross rent in Walker County was $571 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 Walker County median and average rent data will be released in September of 2021.
Data is also available below for Walker County rental vacancy rates, Walker County rent as a percent of median income and the fraction of renters in Walker County.
Real Gross Rent in Walker 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% |
| Walker County AL Median Gross Rent | $730 | +29.43% | +6.88% |
Walker County AL Real Gross Rent Trends
At $730, real median gross rent in Walker County was at its highest level in 2019 since the series began in 2005. Average gross rent for Walker County peaked in real terms in 2016 at $574 and is now $3 (0.52%) lower.
Real Gross Rent: Walker County AL Median, Walker County AL Average, Alabama Median, US Median
Real Gross Rent History for Walker County
| Date | US Median |
Alabama Median |
Walker County AL Median |
Walker County AL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $807 | $730 | $571 |
| 2018 | $1,077 | $802 | $564 | $488 |
| 2017 | $1,043 | $773 | $573 | $496 |
| 2016 | $1,027 | $778 | $683 | $574 |
| 2015 | $1,017 | $773 | $628 | $491 |
| 2014 | $986 | $757 | $588 | $510 |
| 2013 | $953 | $731 | $649 | $503 |
| 2012 | $940 | $733 | $571 | $465 |
| 2011 | $941 | $742 | $589 | $443 |
| 2010 | $955 | $745 | $689 | $571 |
| 2009 | $960 | $749 | $661 | $450 |
| 2007 | $927 | $706 | $647 | $491 |
| 2005 | $910 | $669 | $595 | $395 |
Historical Rental Vacancy Rate data for Walker County
| Date | US | Alabama | Walker County AL |
|---|---|---|---|
| 2019 | 5.97% | 9.69% | — |
| 2018 | 6.15% | 10.06% | — |
| 2017 | 6.18% | 10.99% | — |
| 2016 | 5.89% | 10.34% | — |
| 2015 | 5.85% | 9.72% | — |
| 2014 | 6.32% | 10.37% | — |
| 2013 | 6.49% | 9.17% | — |
| 2012 | 6.77% | 7.79% | — |
| 2011 | 7.40% | 8.30% | — |
| 2010 | 8.17% | 9.64% | — |
| 2009 | 8.43% | 10.33% | — |
| 2007 | 7.87% | 9.25% | 8.44% |
| 2005 | 7.74% | 9.21% | — |
Rent as a Fraction of Income
Using median household income data for Walker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walker County, median monthly gross rent as a fraction of median household income was 18.93% in 2019 according to the ACS.
Walker 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% |
| Walker County AL | 18.93% | +4.96% | -1.10% |
Trends in Walker County AL Rent as a Fraction of Income
The fraction of median Walker County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.24%. Since then it has fallen by 2.31% to 18.93%. From a 2018 low of 13.97%, the fraction of income going to rent has increased by 4.96%.
Fraction of Income towards Rent: Walker County AL, Alabama, US
Historical Data for Annual Rent as a Fraction of Income in Walker County Alabama
| Date | US | Alabama | Walker County AL |
|---|---|---|---|
| 2019 | 20.03% | 18.72% | 18.93% |
| 2018 | 20.50% | 18.96% | 13.97% |
| 2017 | 20.13% | 18.70% | 15.90% |
| 2016 | 20.43% | 19.27% | 20.03% |
| 2015 | 20.63% | 19.54% | 20.26% |
| 2014 | 20.89% | 20.09% | 18.83% |
| 2013 | 20.78% | 19.44% | 21.24% |
| 2012 | 20.65% | 19.89% | 18.24% |
| 2011 | 20.70% | 19.91% | 19.04% |
| 2010 | 20.50% | 19.78% | 21.06% |
| 2009 | 20.12% | 19.47% | 18.87% |
| 2007 | 18.66% | 17.78% | 19.18% |
| 2005 | 18.89% | 17.41% | 16.46% |
Renter Fraction in Walker County Alabama
You can calculate the renter fraction in Walker 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 Walker County as a fraction of total Walker County households. In 2019 21.90% of households were renters according to Census ACS data.
Walker 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% |
| Walker County AL | 21.90% | -2.76% | +0.90% |
Trends in the Walker County AL Renter Fraction
The Walker County household renter fraction peaked in in 2012 at 28.63% and is now 6.73% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Walker County AL, Alabama, US
History of Walker County Renter Fraction
| Date | US | Alabama | Walker County AL |
|---|---|---|---|
| 2019 | 35.89% | 31.22% | 21.90% |
| 2018 | 36.05% | 31.96% | 24.66% |
| 2017 | 36.13% | 31.95% | 23.13% |
| 2016 | 36.88% | 31.55% | 21.00% |
| 2015 | 36.97% | 32.11% | 25.63% |
| 2014 | 36.90% | 32.32% | 26.96% |
| 2013 | 36.50% | 31.96% | 26.38% |
| 2012 | 36.09% | 31.25% | 28.63% |
| 2011 | 35.42% | 30.11% | 25.31% |
| 2010 | 34.65% | 29.88% | 22.64% |
| 2009 | 34.13% | 30.42% | 25.57% |
| 2007 | 32.80% | 29.10% | 23.81% |
| 2005 | 33.10% | 29.48% | 20.68% |
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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