Matanuska-susitna Borough Alaska Residential Rent and Rental Statistics
The median monthly gross residential rent in Matanuska-susitna Borough AK was $1,134 in 2019 according to the Census ACS survey.1 Average gross rent in Matanuska-susitna Borough was $1,089 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 Matanuska-susitna Borough median and average rent data will be released in September of 2021.
Data is also available below for Matanuska-susitna Borough rental vacancy rates, Matanuska-susitna Borough rent as a percent of median income and the fraction of renters in Matanuska-susitna Borough.
Real Gross Rent in Matanuska-susitna Borough Alaska (2019 dollars)2
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US Median Gross Rent | $1,097 | +1.86% | +6.82% |
Alaska Median Gross Rent | $1,201 | +0.25% | -5.06% |
Matanuska-susitna Borough AK Median Gross Rent | $1,134 | +3.66% | +0.35% |
Matanuska-susitna Borough AK Real Gross Rent Trends
Median gross rent for Matanuska-susitna Borough peaked in real terms in 2017 at $1,163 and is now $29 (2.49%) lower. Average gross rent for Matanuska-susitna Borough peaked in real terms in 2012 at $1,178 and is now $89 (7.56%) lower.
Real Gross Rent: Matanuska-susitna Borough AK Median, Matanuska-susitna Borough AK Average, Alaska Median, US Median
Real Gross Rent History for Matanuska-susitna Borough
Date | US Median |
Alaska Median |
Matanuska-susitna Borough AK Median |
Matanuska-susitna Borough AK Average |
---|---|---|---|---|
2019 | $1,097 | $1,201 | $1,134 | $1,089 |
2018 | $1,077 | $1,198 | $1,094 | $1,045 |
2017 | $1,043 | $1,238 | $1,163 | $1,064 |
2016 | $1,027 | $1,265 | $1,130 | $1,058 |
2015 | $1,017 | $1,234 | $1,092 | $1,072 |
2014 | $986 | $1,249 | $1,117 | $1,118 |
2013 | $953 | $1,176 | $1,056 | $1,013 |
2012 | $940 | $1,191 | $1,136 | $1,178 |
2011 | $941 | $1,133 | $1,137 | $1,089 |
2010 | $955 | $1,096 | $1,009 | $1,008 |
2009 | $960 | $1,148 | $964 | $859 |
2007 | $927 | $1,079 | $1,010 | $922 |
2005 | $910 | $1,040 | $1,018 | $993 |
Matanuska-susitna Borough 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 Matanuska-susitna Borough Alaska was 4.78% according to Census ACS data.
Rental Vacancy Rate in Matanuska-susitna Borough Alaska
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
Alaska | 9.22% | +0.66% | +3.41% |
Matanuska-susitna Borough AK | 4.78% | -2.94% | -3.21% |
Trends in Matanuska-susitna Borough AK Rental Vacancy Rate
The rental vacancy rate in Matanuska-susitna Borough peaked in 2006 at 9.58%. Since then it has fallen by 4.80% to 4.78%. Data records for this series originated in 2005. From a 2012 post peak low of 2.63%, the rental vacancy rate has increased by 2.15%.
Rental Vacancy Rate: Matanuska-susitna Borough AK, Alaska, US
Historical Rental Vacancy Rate data for Matanuska-susitna Borough
Date | US | Alaska | Matanuska-susitna Borough AK |
---|---|---|---|
2019 | 5.97% | 9.22% | 4.78% |
2018 | 6.15% | 8.56% | 7.72% |
2017 | 6.18% | 8.12% | 8.49% |
2016 | 5.89% | 5.81% | 7.99% |
2015 | 5.85% | 5.74% | 7.60% |
2014 | 6.32% | 5.89% | 4.87% |
2013 | 6.49% | 7.74% | 4.51% |
2012 | 6.77% | 5.62% | 2.63% |
2011 | 7.40% | 5.94% | 7.19% |
2010 | 8.17% | 3.73% | 5.52% |
2009 | 8.43% | 6.82% | 8.39% |
2007 | 7.87% | 5.99% | 3.60% |
2005 | 7.74% | 6.87% | 4.36% |
Rent as a Fraction of Income
Using median household income data for Matanuska-susitna Borough, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Matanuska-susitna Borough, median monthly gross rent as a fraction of median household income was 18.21% in 2019 according to the ACS.
Matanuska-susitna Borough Alaska Median Annual Rent as a Fraction of Median Household Income
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 20.03% | -0.47% | -0.40% |
Alaska | 19.10% | +0.10% | +0.13% |
Matanuska-susitna Borough AK | 18.21% | +0.46% | -0.46% |
Trends in Matanuska-susitna Borough AK Rent as a Fraction of Income
The fraction of median Matanuska-susitna Borough household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.58%. Since then it has fallen by 1.37% to 18.21%.
Fraction of Income towards Rent: Matanuska-susitna Borough AK, Alaska, US
Historical Data for Annual Rent as a Fraction of Income in Matanuska-susitna Borough Alaska
Date | US | Alaska | Matanuska-susitna Borough AK |
---|---|---|---|
2019 | 20.03% | 19.10% | 18.21% |
2018 | 20.50% | 19.00% | 17.75% |
2017 | 20.13% | 19.69% | 19.58% |
2016 | 20.43% | 18.96% | 18.68% |
2015 | 20.63% | 19.03% | 16.16% |
2014 | 20.89% | 19.83% | 17.20% |
2013 | 20.78% | 18.56% | 16.69% |
2012 | 20.65% | 19.85% | 18.99% |
2011 | 20.70% | 18.56% | 18.40% |
2010 | 20.50% | 18.23% | 15.72% |
2009 | 20.12% | 18.05% | 14.18% |
2007 | 18.66% | 17.12% | 15.80% |
2005 | 18.89% | 17.75% | 17.18% |
Renter Fraction in Matanuska-susitna Borough Alaska
You can calculate the renter fraction in Matanuska-susitna Borough 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 Matanuska-susitna Borough as a fraction of total Matanuska-susitna Borough households. In 2019 23.78% of households were renters according to Census ACS data.
Matanuska-susitna Borough Fraction of Renters by Household Units
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 35.89% | -0.16% | -0.99% |
Alaska | 35.26% | +0.91% | -0.26% |
Matanuska-susitna Borough AK | 23.78% | +1.81% | -0.02% |
Trends in the Matanuska-susitna Borough AK Renter Fraction
The Matanuska-susitna Borough household renter fraction peaked in in 2011 at 25.03% and is now 1.25% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Matanuska-susitna Borough AK, Alaska, US
History of Matanuska-susitna Borough Renter Fraction
Date | US | Alaska | Matanuska-susitna Borough AK |
---|---|---|---|
2019 | 35.89% | 35.26% | 23.78% |
2018 | 36.05% | 34.35% | 21.97% |
2017 | 36.13% | 36.45% | 22.37% |
2016 | 36.88% | 35.52% | 23.80% |
2015 | 36.97% | 36.08% | 24.06% |
2014 | 36.90% | 37.51% | 24.21% |
2013 | 36.50% | 36.55% | 24.14% |
2012 | 36.09% | 36.65% | 24.59% |
2011 | 35.42% | 36.92% | 25.03% |
2010 | 34.65% | 36.06% | 20.08% |
2009 | 34.13% | 34.77% | 17.51% |
2007 | 32.80% | 36.97% | 19.46% |
2005 | 33.10% | 36.97% | 21.22% |
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. ↩