Cochise County Arizona Residential Rent and Rental Statistics
The median monthly gross residential rent in Cochise County AZ was $735 in 2019 according to the Census ACS survey.1 Average gross rent in Cochise County was $765 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 Cochise County median and average rent data will be released in September of 2021.
Data is also available below for Cochise County rental vacancy rates, Cochise County rent as a percent of median income and the fraction of renters in Cochise County.
Real Gross Rent in Cochise County Arizona (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Arizona Median Gross Rent | $1,101 | +4.36% | +7.73% |
| Cochise County AZ Median Gross Rent | $735 | -8.24% | -9.03% |
Cochise County AZ Real Gross Rent Trends
Median gross rent for Cochise County peaked in real terms in 2009 at $847 and is now $112 (13.22%) lower. Average gross rent for Cochise County peaked in real terms in 2007 at $864 and is now $99 (11.46%) lower.
Real Gross Rent: Cochise County AZ Median, Cochise County AZ Average, Arizona Median, US Median
Real Gross Rent History for Cochise County
| Date | US Median |
Arizona Median |
Cochise County AZ Median |
Cochise County AZ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,101 | $735 | $765 |
| 2018 | $1,077 | $1,055 | $801 | $797 |
| 2017 | $1,043 | $1,052 | $832 | $831 |
| 2016 | $1,027 | $1,022 | $808 | $762 |
| 2015 | $1,017 | $990 | $791 | $754 |
| 2014 | $986 | $967 | $827 | $813 |
| 2013 | $953 | $937 | $845 | $835 |
| 2012 | $940 | $945 | $779 | $805 |
| 2011 | $941 | $918 | $819 | $823 |
| 2010 | $955 | $943 | $846 | $860 |
| 2009 | $960 | $979 | $847 | $753 |
| 2007 | $927 | $962 | $806 | $864 |
| 2005 | $910 | $896 | $714 | $648 |
Cochise 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 Cochise County Arizona was 2.86% according to Census ACS data.
Rental Vacancy Rate in Cochise County Arizona
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arizona | 5.32% | -0.39% | -1.09% |
| Cochise County AZ | 2.86% | -7.19% | -8.35% |
Trends in Cochise County AZ Rental Vacancy Rate
The rental vacancy rate in Cochise County peaked in 2011 at 20.73%. Since then it has fallen by 17.87% to 2.86%. Data records for this series originated in 2005.
Rental Vacancy Rate: Cochise County AZ, Arizona, US
Historical Rental Vacancy Rate data for Cochise County
| Date | US | Arizona | Cochise County AZ |
|---|---|---|---|
| 2019 | 5.97% | 5.32% | 2.86% |
| 2018 | 6.15% | 5.71% | 10.05% |
| 2017 | 6.18% | 5.99% | 8.64% |
| 2016 | 5.89% | 6.41% | 11.21% |
| 2015 | 5.85% | 7.72% | 16.08% |
| 2014 | 6.32% | 8.11% | 18.15% |
| 2013 | 6.49% | 8.89% | 15.82% |
| 2012 | 6.77% | 9.01% | 10.76% |
| 2011 | 7.40% | 10.21% | 20.73% |
| 2010 | 8.17% | 11.07% | 8.19% |
| 2009 | 8.43% | 12.62% | 11.07% |
| 2007 | 7.87% | 9.22% | 9.87% |
| 2005 | 7.74% | 8.57% | 5.00% |
Rent as a Fraction of Income
Using median household income data for Cochise County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cochise County, median monthly gross rent as a fraction of median household income was 18.19% in 2019 according to the ACS.
Cochise County Arizona Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Arizona | 21.29% | +0.31% | -0.58% |
| Cochise County AZ | 18.19% | -0.51% | -2.17% |
Trends in Cochise County AZ Rent as a Fraction of Income
The fraction of median Cochise County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.24%. Since then it has fallen by 4.05% to 18.19%.
Fraction of Income towards Rent: Cochise County AZ, Arizona, US
Historical Data for Annual Rent as a Fraction of Income in Cochise County Arizona
| Date | US | Arizona | Cochise County AZ |
|---|---|---|---|
| 2019 | 20.03% | 21.29% | 18.19% |
| 2018 | 20.50% | 20.98% | 18.70% |
| 2017 | 20.13% | 21.63% | 18.69% |
| 2016 | 20.43% | 21.87% | 20.36% |
| 2015 | 20.63% | 21.74% | 20.68% |
| 2014 | 20.89% | 21.95% | 20.57% |
| 2013 | 20.78% | 22.02% | 20.63% |
| 2012 | 20.65% | 22.28% | 20.31% |
| 2011 | 20.70% | 21.84% | 22.24% |
| 2010 | 20.50% | 21.65% | 20.09% |
| 2009 | 20.12% | 21.15% | 19.51% |
| 2007 | 18.66% | 19.70% | 18.50% |
| 2005 | 18.89% | 19.43% | 19.02% |
Renter Fraction in Cochise County Arizona
You can calculate the renter fraction in Cochise 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 Cochise County as a fraction of total Cochise County households. In 2019 32.18% of households were renters according to Census ACS data.
Cochise County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Arizona | 34.74% | -0.45% | -2.02% |
| Cochise County AZ | 32.18% | +3.94% | -1.66% |
Trends in the Cochise County AZ Renter Fraction
The Cochise County household renter fraction peaked in in 2012 at 33.84% and is now 1.66% below that level. From a recent low of 28.24% in 2018, the household based renter fraction has now grown by 3.94%. The origin year for the series is 2005.
Fraction of Renting Households: Cochise County AZ, Arizona, US
History of Cochise County Renter Fraction
| Date | US | Arizona | Cochise County AZ |
|---|---|---|---|
| 2019 | 35.89% | 34.74% | 32.18% |
| 2018 | 36.05% | 35.19% | 28.24% |
| 2017 | 36.13% | 35.28% | 30.35% |
| 2016 | 36.88% | 36.76% | 33.84% |
| 2015 | 36.97% | 38.09% | 32.36% |
| 2014 | 36.90% | 38.86% | 32.94% |
| 2013 | 36.50% | 37.94% | 29.58% |
| 2012 | 36.09% | 37.44% | 33.84% |
| 2011 | 35.42% | 36.27% | 30.06% |
| 2010 | 34.65% | 34.75% | 32.45% |
| 2009 | 34.13% | 32.94% | 29.77% |
| 2007 | 32.80% | 31.91% | 30.18% |
| 2005 | 33.10% | 31.83% | 30.05% |
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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