Nevada County California Residential Rent and Rental Statistics
The median monthly gross residential rent in Nevada County CA was $1,407 in 2019 according to the Census ACS survey.1 Average gross rent in Nevada County was $1,430 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 Nevada County median and average rent data will be released in September of 2021.
Data is also available below for Nevada County rental vacancy rates, Nevada County rent as a percent of median income and the fraction of renters in Nevada County.
Real Gross Rent in Nevada 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% |
Nevada County CA Median Gross Rent | $1,407 | +10.01% | +10.18% |
Nevada County CA Real Gross Rent Trends
At $1,407, real median gross rent in Nevada County was at its highest level in 2019 since the series began in 2005. At $1,430, real average gross rent in Nevada County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Nevada County CA Median, Nevada County CA Average, California Median, US Median
Real Gross Rent History for Nevada County
Date | US Median |
California Median |
Nevada County CA Median |
Nevada County CA Average |
---|---|---|---|---|
2019 | $1,097 | $1,614 | $1,407 | $1,430 |
2018 | $1,077 | $1,547 | $1,279 | $1,219 |
2017 | $1,043 | $1,492 | $1,221 | $1,154 |
2016 | $1,027 | $1,440 | $1,277 | $1,325 |
2015 | $1,017 | $1,391 | $1,226 | $1,196 |
2014 | $986 | $1,339 | $1,218 | $1,192 |
2013 | $953 | $1,289 | $1,329 | $1,220 |
2012 | $940 | $1,277 | $1,324 | $1,222 |
2011 | $941 | $1,268 | $1,183 | $1,237 |
2010 | $955 | $1,300 | $1,091 | $1,167 |
2009 | $960 | $1,316 | $1,352 | $1,362 |
2007 | $927 | $1,266 | $1,265 | $1,337 |
2005 | $910 | $1,216 | $1,249 | $1,226 |
Nevada 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 Nevada County California was 7.32% according to Census ACS data.
Rental Vacancy Rate in Nevada County California
2019 | 1 Year Change | 3 Year Change | |
---|---|---|---|
US | 5.97% | -0.18% | +0.08% |
California | 4.06% | +0.09% | +0.75% |
Nevada County CA | 7.32% | +6.24% | — |
Trends in Nevada County CA Rental Vacancy Rate
The rental vacancy rate in Nevada County peaked in 2007 at 10.04%. Since then it has fallen by 2.72% to 7.32%. Data records for this series originated in 2005. From a 2018 post peak low of 1.08%, the rental vacancy rate has increased by 6.24%.
Rental Vacancy Rate: Nevada County CA, California, US
Historical Rental Vacancy Rate data for Nevada County
Date | US | California | Nevada County CA |
---|---|---|---|
2019 | 5.97% | 4.06% | 7.32% |
2018 | 6.15% | 3.97% | 1.08% |
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% | 8.41% |
2012 | 6.77% | 4.51% | 6.24% |
2011 | 7.40% | 4.94% | — |
2010 | 8.17% | 5.86% | — |
2009 | 8.43% | 5.76% | — |
2007 | 7.87% | 4.72% | 10.04% |
2005 | 7.74% | 4.61% | 6.17% |
Rent as a Fraction of Income
Using median household income data for Nevada County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nevada County, median monthly gross rent as a fraction of median household income was 24.53% in 2019 according to the ACS.
Nevada 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% |
Nevada County CA | 24.53% | +1.80% | -0.27% |
Trends in Nevada County CA Rent as a Fraction of Income
The fraction of median Nevada County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 27.79%. Since then it has fallen by 3.25% to 24.53%.
Fraction of Income towards Rent: Nevada County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Nevada County California
Date | US | California | Nevada County CA |
---|---|---|---|
2019 | 20.03% | 24.08% | 24.53% |
2018 | 20.50% | 24.23% | 22.73% |
2017 | 20.13% | 24.18% | 21.73% |
2016 | 20.43% | 24.36% | 24.80% |
2015 | 20.63% | 24.39% | 25.60% |
2014 | 20.89% | 24.57% | 24.33% |
2013 | 20.78% | 24.40% | 27.61% |
2012 | 20.65% | 24.69% | 27.79% |
2011 | 20.70% | 24.59% | 24.30% |
2010 | 20.50% | 24.18% | 21.51% |
2009 | 20.12% | 23.52% | 24.59% |
2007 | 18.66% | 21.58% | 21.85% |
2005 | 18.89% | 21.77% | 23.23% |
Renter Fraction in Nevada County California
You can calculate the renter fraction in Nevada 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 Nevada County as a fraction of total Nevada County households. In 2019 27.32% of households were renters according to Census ACS data.
Nevada 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% |
Nevada County CA | 27.32% | +1.42% | +1.93% |
Trends in the Nevada County CA Renter Fraction
The Nevada County household renter fraction peaked in in 2010 at 30.78% and is now 3.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Nevada County CA, California, US
History of Nevada County Renter Fraction
Date | US | California | Nevada County CA |
---|---|---|---|
2019 | 35.89% | 45.14% | 27.32% |
2018 | 36.05% | 45.18% | 25.90% |
2017 | 36.13% | 45.21% | 24.28% |
2016 | 36.88% | 46.36% | 25.39% |
2015 | 36.97% | 46.41% | 28.21% |
2014 | 36.90% | 46.27% | 24.53% |
2013 | 36.50% | 46.21% | 27.87% |
2012 | 36.09% | 45.97% | 28.98% |
2011 | 35.42% | 45.12% | 26.60% |
2010 | 34.65% | 44.36% | 30.78% |
2009 | 34.13% | 43.43% | 23.66% |
2007 | 32.80% | 42.00% | 28.61% |
2005 | 33.10% | 41.56% | 26.68% |
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. ↩