Kings County California Residential Rent and Rental Statistics
The median monthly gross residential rent in Kings County CA was $969 in 2019 according to the Census ACS survey.1 Average gross rent in Kings County was $949 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 Kings County median and average rent data will be released in September of 2021.
Data is also available below for Kings County rental vacancy rates, Kings County rent as a percent of median income and the fraction of renters in Kings County.
Real Gross Rent in Kings County California (2019 dollars)2
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US Median Gross Rent | $1,097 | +1.86% | +6.82% |
California Median Gross Rent | $1,614 | +4.33% | +12.08% |
Kings County CA Median Gross Rent | $969 | -12.15% | -3.10% |
Kings County CA Real Gross Rent Trends
Median gross rent for Kings County peaked in real terms in 2018 at $1,103 and is now $134 (12.15%) lower. Average gross rent for Kings County peaked in real terms in 2018 at $1,020 and is now $71 (6.96%) lower.
Real Gross Rent: Kings County CA Median, Kings County CA Average, California Median, US Median
Real Gross Rent History for Kings County
Date | US Median |
California Median |
Kings County CA Median |
Kings County CA Average |
---|---|---|---|---|
2019 | $1,097 | $1,614 | $969 | $949 |
2018 | $1,077 | $1,547 | $1,103 | $1,020 |
2017 | $1,043 | $1,492 | $903 | $935 |
2016 | $1,027 | $1,440 | $1,000 | $962 |
2015 | $1,017 | $1,391 | $946 | $954 |
2014 | $986 | $1,339 | $903 | $923 |
2013 | $953 | $1,289 | $869 | $904 |
2012 | $940 | $1,277 | $846 | $916 |
2011 | $941 | $1,268 | $989 | $949 |
2010 | $955 | $1,300 | $921 | $898 |
2009 | $960 | $1,316 | $971 | $923 |
2007 | $927 | $1,266 | $841 | $801 |
2005 | $910 | $1,216 | $859 | $791 |
Historical Rental Vacancy Rate data for Kings County
Date | US | California | Kings County CA |
---|---|---|---|
2019 | 5.97% | 4.06% | — |
2018 | 6.15% | 3.97% | — |
2017 | 6.18% | 3.49% | — |
2016 | 5.89% | 3.31% | — |
2015 | 5.85% | 3.33% | — |
2014 | 6.32% | 3.90% | — |
2013 | 6.49% | 4.22% | — |
2012 | 6.77% | 4.51% | — |
2011 | 7.40% | 4.94% | — |
2010 | 8.17% | 5.86% | — |
2009 | 8.43% | 5.76% | 4.60% |
2007 | 7.87% | 4.72% | — |
2005 | 7.74% | 4.61% | — |
Rent as a Fraction of Income
Using median household income data for Kings County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kings County, median monthly gross rent as a fraction of median household income was 19.89% in 2019 according to the ACS.
Kings County California Median Annual Rent as a Fraction of Median Household Income
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 20.03% | -0.47% | -0.40% |
California | 24.08% | -0.15% | -0.28% |
Kings County CA | 19.89% | -1.18% | -1.63% |
Trends in Kings County CA Rent as a Fraction of Income
The fraction of median Kings County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 23.98%. Since then it has fallen by 4.09% to 19.89%. From a 2017 low of 18.26%, the fraction of income going to rent has increased by 1.63%.
Fraction of Income towards Rent: Kings County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Kings County California
Date | US | California | Kings County CA |
---|---|---|---|
2019 | 20.03% | 24.08% | 19.89% |
2018 | 20.50% | 24.23% | 21.08% |
2017 | 20.13% | 24.18% | 18.26% |
2016 | 20.43% | 24.36% | 21.53% |
2015 | 20.63% | 24.39% | 23.40% |
2014 | 20.89% | 24.57% | 23.98% |
2013 | 20.78% | 24.40% | 21.63% |
2012 | 20.65% | 24.69% | 20.77% |
2011 | 20.70% | 24.59% | 21.83% |
2010 | 20.50% | 24.18% | 22.17% |
2009 | 20.12% | 23.52% | 22.97% |
2007 | 18.66% | 21.58% | 18.38% |
2005 | 18.89% | 21.77% | 20.06% |
Renter Fraction in Kings County California
You can calculate the renter fraction in Kings 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 Kings County as a fraction of total Kings County households. In 2019 46.69% of households were renters according to Census ACS data.
Kings County Fraction of Renters by Household Units
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 35.89% | -0.16% | -0.99% |
California | 45.14% | -0.04% | -1.22% |
Kings County CA | 46.69% | +0.56% | -4.66% |
Trends in the Kings County CA Renter Fraction
The Kings County household renter fraction peaked in in 2015 at 51.81% and is now 5.12% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kings County CA, California, US
History of Kings County Renter Fraction
Date | US | California | Kings County CA |
---|---|---|---|
2019 | 35.89% | 45.14% | 46.69% |
2018 | 36.05% | 45.18% | 46.13% |
2017 | 36.13% | 45.21% | 44.67% |
2016 | 36.88% | 46.36% | 51.35% |
2015 | 36.97% | 46.41% | 51.81% |
2014 | 36.90% | 46.27% | 48.59% |
2013 | 36.50% | 46.21% | 49.56% |
2012 | 36.09% | 45.97% | 51.02% |
2011 | 35.42% | 45.12% | 44.06% |
2010 | 34.65% | 44.36% | 48.67% |
2009 | 34.13% | 43.43% | 49.36% |
2007 | 32.80% | 42.00% | 39.68% |
2005 | 33.10% | 41.56% | 44.29% |
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. ↩