Placer County California Residential Rent and Rental Statistics
The median monthly gross residential rent in Placer County CA was $1,640 in 2019 according to the Census ACS survey.1 Average gross rent in Placer County was $1,613 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 Placer County median and average rent data will be released in September of 2021.
Data is also available below for Placer County rental vacancy rates, Placer County rent as a percent of median income and the fraction of renters in Placer County.
Real Gross Rent in Placer 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% |
| Placer County CA Median Gross Rent | $1,640 | +1.49% | +11.64% |
Placer County CA Real Gross Rent Trends
At $1,640, real median gross rent in Placer County was at its highest level in 2019 since the series began in 2005. At $1,613, real average gross rent in Placer County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Placer County CA Median, Placer County CA Average, California Median, US Median
Real Gross Rent History for Placer County
| Date | US Median |
California Median |
Placer County CA Median |
Placer County CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $1,640 | $1,613 |
| 2018 | $1,077 | $1,547 | $1,616 | $1,582 |
| 2017 | $1,043 | $1,492 | $1,562 | $1,541 |
| 2016 | $1,027 | $1,440 | $1,469 | $1,477 |
| 2015 | $1,017 | $1,391 | $1,394 | $1,419 |
| 2014 | $986 | $1,339 | $1,328 | $1,419 |
| 2013 | $953 | $1,289 | $1,391 | $1,464 |
| 2012 | $940 | $1,277 | $1,334 | $1,371 |
| 2011 | $941 | $1,268 | $1,274 | $1,292 |
| 2010 | $955 | $1,300 | $1,245 | $1,323 |
| 2009 | $960 | $1,316 | $1,315 | $1,402 |
| 2007 | $927 | $1,266 | $1,285 | $1,323 |
| 2005 | $910 | $1,216 | $1,301 | $1,325 |
Placer 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 Placer County California was 4.57% according to Census ACS data.
Rental Vacancy Rate in Placer County California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| Placer County CA | 4.57% | +0.51% | -1.34% |
Trends in Placer County CA Rental Vacancy Rate
The rental vacancy rate in Placer County peaked in 2005 at 9.69%. Since then it has fallen by 5.12% to 4.57%. Data records for this series originated in 2005. From a 2007 post peak low of 3.56%, the rental vacancy rate has increased by 1.01%.
Rental Vacancy Rate: Placer County CA, California, US
Historical Rental Vacancy Rate data for Placer County
| Date | US | California | Placer County CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | 4.57% |
| 2018 | 6.15% | 3.97% | 4.06% |
| 2017 | 6.18% | 3.49% | 3.57% |
| 2016 | 5.89% | 3.31% | 5.91% |
| 2015 | 5.85% | 3.33% | 7.23% |
| 2014 | 6.32% | 3.90% | 7.01% |
| 2013 | 6.49% | 4.22% | 3.83% |
| 2012 | 6.77% | 4.51% | 5.31% |
| 2011 | 7.40% | 4.94% | 5.78% |
| 2010 | 8.17% | 5.86% | 7.55% |
| 2009 | 8.43% | 5.76% | 7.67% |
| 2007 | 7.87% | 4.72% | 3.56% |
| 2005 | 7.74% | 4.61% | 9.69% |
Rent as a Fraction of Income
Using median household income data for Placer County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Placer County, median monthly gross rent as a fraction of median household income was 20.14% in 2019 according to the ACS.
Placer 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% |
| Placer County CA | 20.14% | -1.36% | +0.43% |
Trends in Placer County CA Rent as a Fraction of Income
The fraction of median Placer County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 22.52%. Since then it has fallen by 2.38% to 20.14%.
Fraction of Income towards Rent: Placer County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Placer County California
| Date | US | California | Placer County CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 20.14% |
| 2018 | 20.50% | 24.23% | 21.50% |
| 2017 | 20.13% | 24.18% | 22.52% |
| 2016 | 20.43% | 24.36% | 19.71% |
| 2015 | 20.63% | 24.39% | 20.83% |
| 2014 | 20.89% | 24.57% | 20.02% |
| 2013 | 20.78% | 24.40% | 21.62% |
| 2012 | 20.65% | 24.69% | 21.78% |
| 2011 | 20.70% | 24.59% | 20.53% |
| 2010 | 20.50% | 24.18% | 19.69% |
| 2009 | 20.12% | 23.52% | 19.62% |
| 2007 | 18.66% | 21.58% | 19.01% |
| 2005 | 18.89% | 21.77% | 20.12% |
Renter Fraction in Placer County California
You can calculate the renter fraction in Placer 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 Placer County as a fraction of total Placer County households. In 2019 27.66% of households were renters according to Census ACS data.
Placer 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% |
| Placer County CA | 27.66% | +0.01% | -1.17% |
Trends in the Placer County CA Renter Fraction
The Placer County household renter fraction peaked in in 2015 at 31.21% and is now 3.55% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Placer County CA, California, US
History of Placer County Renter Fraction
| Date | US | California | Placer County CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 27.66% |
| 2018 | 36.05% | 45.18% | 27.65% |
| 2017 | 36.13% | 45.21% | 28.26% |
| 2016 | 36.88% | 46.36% | 28.83% |
| 2015 | 36.97% | 46.41% | 31.21% |
| 2014 | 36.90% | 46.27% | 29.47% |
| 2013 | 36.50% | 46.21% | 31.20% |
| 2012 | 36.09% | 45.97% | 30.53% |
| 2011 | 35.42% | 45.12% | 29.02% |
| 2010 | 34.65% | 44.36% | 28.87% |
| 2009 | 34.13% | 43.43% | 28.40% |
| 2007 | 32.80% | 42.00% | 29.44% |
| 2005 | 33.10% | 41.56% | 28.29% |
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. ↩
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