Stockton California Residential Rent and Rental Statistics
The median monthly gross residential rent in Stockton, CA (the Stockton metro area) was $1,260 in 2019 according to the Census ACS survey.1 Average gross rent in Stockton was $1,320 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 Stockton median and average rent data will be released in September of 2021.
Data is also available below for Stockton rental vacancy rates, Stockton rent as a percent of median income and the fraction of renters in Stockton.
Real Gross Rent in Stockton 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% |
| Stockton, CA Median Gross Rent | $1,260 | -0.40% | +8.90% |
Stockton, CA Real Gross Rent Trends
Median gross rent for Stockton peaked in real terms in 2018 at $1,265 and is now $5 (0.40%) lower. At $1,320, real average gross rent in Stockton was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Stockton: Stockton CA Median, Stockton CA Average, California Median, US Median
Real Gross Rent History for Stockton
| Date | US Median |
California Median |
Stockton, CA Median |
Stockton, CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $1,260 | $1,320 |
| 2018 | $1,077 | $1,547 | $1,265 | $1,296 |
| 2017 | $1,043 | $1,492 | $1,184 | $1,227 |
| 2016 | $1,027 | $1,440 | $1,157 | $1,203 |
| 2015 | $1,017 | $1,391 | $1,099 | $1,130 |
| 2014 | $986 | $1,339 | $1,084 | $1,121 |
| 2013 | $953 | $1,289 | $1,048 | $1,089 |
| 2012 | $940 | $1,277 | $1,049 | $1,082 |
| 2011 | $941 | $1,268 | $1,041 | $1,090 |
| 2010 | $955 | $1,300 | $1,112 | $1,141 |
| 2009 | $960 | $1,316 | $1,137 | $1,192 |
| 2007 | $927 | $1,266 | $1,060 | $1,123 |
| 2005 | $910 | $1,216 | $1,066 | $1,088 |
Stockton 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 Stockton California was 4.73% according to Census ACS data.
Rental Vacancy Rate in Stockton California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| Stockton, CA | 4.73% | +1.93% | +1.57% |
Trends in Stockton, CA Rental Vacancy Rate
The rental vacancy rate in Stockton peaked in 2013 at 7.69%. Since then it has fallen by 2.96% to 4.73%. Data records for this series originated in 2005. From a 2018 post peak low of 2.80%, the rental vacancy rate has increased by 1.93%.
Rental Vacancy Rate: Stockton CA, California, US
Historical Rental Vacancy Rate data for Stockton
| Date | US | California | Stockton, CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | 4.73% |
| 2018 | 6.15% | 3.97% | 2.80% |
| 2017 | 6.18% | 3.49% | 4.40% |
| 2016 | 5.89% | 3.31% | 3.16% |
| 2015 | 5.85% | 3.33% | 3.07% |
| 2014 | 6.32% | 3.90% | 4.62% |
| 2013 | 6.49% | 4.22% | 7.69% |
| 2012 | 6.77% | 4.51% | 5.43% |
| 2011 | 7.40% | 4.94% | 7.14% |
| 2010 | 8.17% | 5.86% | 4.95% |
| 2009 | 8.43% | 5.76% | 6.43% |
| 2007 | 7.87% | 4.72% | 5.73% |
| 2005 | 7.74% | 4.61% | 5.10% |
Rent as a Fraction of Income
Using median household income data for Stockton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Stockton, median monthly gross rent as a fraction of median household income was 21.91% in 2019 according to the ACS.
Stockton 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% |
| Stockton, CA | 21.91% | -1.35% | -0.36% |
Trends in Stockton, CA Rent as a Fraction of Income
The fraction of median Stockton household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 23.87%. Since then it has fallen by 1.96% to 21.91%.
Fraction of Income towards Rent: Stockton CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Stockton California
| Date | US | California | Stockton, CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 21.91% |
| 2018 | 20.50% | 24.23% | 23.26% |
| 2017 | 20.13% | 24.18% | 22.52% |
| 2016 | 20.43% | 24.36% | 22.28% |
| 2015 | 20.63% | 24.39% | 23.15% |
| 2014 | 20.89% | 24.57% | 23.86% |
| 2013 | 20.78% | 24.40% | 23.22% |
| 2012 | 20.65% | 24.69% | 23.33% |
| 2011 | 20.70% | 24.59% | 22.75% |
| 2010 | 20.50% | 24.18% | 23.87% |
| 2009 | 20.12% | 23.52% | 22.69% |
| 2007 | 18.66% | 21.58% | 20.63% |
| 2005 | 18.89% | 21.77% | 20.72% |
Renter Fraction in Stockton California
You can calculate the renter fraction in Stockton 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 Stockton as a fraction of total Stockton households. In 2019 41.61% of households were renters according to Census ACS data.
Stockton 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% |
| Stockton, CA | 41.61% | -3.85% | -4.29% |
Trends in the Stockton, CA Renter Fraction
The Stockton household renter fraction peaked in in 2014 at 46.50% and is now 4.89% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Stockton CA, California, US
History of Stockton Renter Fraction
| Date | US | California | Stockton, CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 41.61% |
| 2018 | 36.05% | 45.18% | 45.46% |
| 2017 | 36.13% | 45.21% | 43.03% |
| 2016 | 36.88% | 46.36% | 45.90% |
| 2015 | 36.97% | 46.41% | 45.02% |
| 2014 | 36.90% | 46.27% | 46.50% |
| 2013 | 36.50% | 46.21% | 44.66% |
| 2012 | 36.09% | 45.97% | 43.55% |
| 2011 | 35.42% | 45.12% | 41.57% |
| 2010 | 34.65% | 44.36% | 42.34% |
| 2009 | 34.13% | 43.43% | 39.10% |
| 2007 | 32.80% | 42.00% | 36.81% |
| 2005 | 33.10% | 41.56% | 37.23% |
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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