Arapahoe County Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Arapahoe County CO was $1,460 in 2019 according to the Census ACS survey.1 Average gross rent in Arapahoe County was $1,481 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 Arapahoe County median and average rent data will be released in September of 2021.
Data is also available below for Arapahoe County rental vacancy rates, Arapahoe County rent as a percent of median income and the fraction of renters in Arapahoe County.
Real Gross Rent in Arapahoe County Colorado (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Colorado Median Gross Rent | $1,369 | +4.34% | +11.66% |
| Arapahoe County CO Median Gross Rent | $1,460 | +3.62% | +6.10% |
Arapahoe County CO Real Gross Rent Trends
At $1,460, real median gross rent in Arapahoe County was at its highest level in 2019 since the series began in 2005. At $1,481, real average gross rent in Arapahoe County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Arapahoe County CO Median, Arapahoe County CO Average, Colorado Median, US Median
Real Gross Rent History for Arapahoe County
| Date | US Median |
Colorado Median |
Arapahoe County CO Median |
Arapahoe County CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $1,460 | $1,481 |
| 2018 | $1,077 | $1,312 | $1,409 | $1,438 |
| 2017 | $1,043 | $1,279 | $1,430 | $1,455 |
| 2016 | $1,027 | $1,226 | $1,376 | $1,378 |
| 2015 | $1,017 | $1,179 | $1,257 | $1,310 |
| 2014 | $986 | $1,077 | $1,160 | $1,180 |
| 2013 | $953 | $1,023 | $1,113 | $1,129 |
| 2012 | $940 | $994 | $1,061 | $1,131 |
| 2011 | $941 | $972 | $1,012 | $1,091 |
| 2010 | $955 | $964 | $988 | $1,057 |
| 2009 | $960 | $970 | $990 | $1,051 |
| 2007 | $927 | $926 | $963 | $1,047 |
| 2005 | $910 | $946 | $971 | $1,046 |
Arapahoe 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 Arapahoe County Colorado was 5.39% according to Census ACS data.
Rental Vacancy Rate in Arapahoe County Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Arapahoe County CO | 5.39% | +0.29% | +0.74% |
Trends in Arapahoe County CO Rental Vacancy Rate
The rental vacancy rate in Arapahoe County peaked in 2009 at 9.70%. Since then it has fallen by 4.31% to 5.39%. Data records for this series originated in 2005. From a 2015 post peak low of 3.02%, the rental vacancy rate has increased by 2.37%.
Rental Vacancy Rate: Arapahoe County CO, Colorado, US
Historical Rental Vacancy Rate data for Arapahoe County
| Date | US | Colorado | Arapahoe County CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | 5.39% |
| 2018 | 6.15% | 5.27% | 5.10% |
| 2017 | 6.18% | 5.18% | 4.50% |
| 2016 | 5.89% | 4.29% | 4.65% |
| 2015 | 5.85% | 4.47% | 3.02% |
| 2014 | 6.32% | 4.85% | 4.48% |
| 2013 | 6.49% | 5.26% | 3.28% |
| 2012 | 6.77% | 5.69% | 5.51% |
| 2011 | 7.40% | 5.63% | 5.59% |
| 2010 | 8.17% | 6.72% | 7.72% |
| 2009 | 8.43% | 8.00% | 9.70% |
| 2007 | 7.87% | 8.63% | 8.30% |
| 2005 | 7.74% | 9.35% | 9.41% |
Rent as a Fraction of Income
Using median household income data for Arapahoe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Arapahoe County, median monthly gross rent as a fraction of median household income was 21.18% in 2019 according to the ACS.
Arapahoe County Colorado Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Colorado | 21.30% | -0.20% | -0.09% |
| Arapahoe County CO | 21.18% | -0.45% | -1.04% |
Trends in Arapahoe County CO Rent as a Fraction of Income
The fraction of median Arapahoe County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.22%. Since then it has fallen by 1.04% to 21.18%.
Fraction of Income towards Rent: Arapahoe County CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Arapahoe County Colorado
| Date | US | Colorado | Arapahoe County CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 21.18% |
| 2018 | 20.50% | 21.50% | 21.63% |
| 2017 | 20.13% | 21.53% | 22.09% |
| 2016 | 20.43% | 21.39% | 22.22% |
| 2015 | 20.63% | 20.86% | 21.22% |
| 2014 | 20.89% | 19.97% | 20.19% |
| 2013 | 20.78% | 19.81% | 20.81% |
| 2012 | 20.65% | 19.74% | 19.79% |
| 2011 | 20.70% | 19.50% | 19.82% |
| 2010 | 20.50% | 19.16% | 18.38% |
| 2009 | 20.12% | 18.42% | 18.81% |
| 2007 | 18.66% | 17.13% | 16.74% |
| 2005 | 18.89% | 17.93% | 17.00% |
Renter Fraction in Arapahoe County Colorado
You can calculate the renter fraction in Arapahoe 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 Arapahoe County as a fraction of total Arapahoe County households. In 2019 34.50% of households were renters according to Census ACS data.
Arapahoe County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Colorado | 34.15% | -0.71% | -1.09% |
| Arapahoe County CO | 34.50% | -2.53% | -3.00% |
Trends in the Arapahoe County CO Renter Fraction
The Arapahoe County household renter fraction peaked in in 2012 at 39.81% and is now 5.31% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Arapahoe County CO, Colorado, US
History of Arapahoe County Renter Fraction
| Date | US | Colorado | Arapahoe County CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 34.50% |
| 2018 | 36.05% | 34.86% | 37.03% |
| 2017 | 36.13% | 34.80% | 36.34% |
| 2016 | 36.88% | 35.24% | 37.50% |
| 2015 | 36.97% | 36.25% | 37.56% |
| 2014 | 36.90% | 36.14% | 37.39% |
| 2013 | 36.50% | 35.49% | 38.47% |
| 2012 | 36.09% | 35.97% | 39.81% |
| 2011 | 35.42% | 35.62% | 37.51% |
| 2010 | 34.65% | 34.06% | 35.67% |
| 2009 | 34.13% | 32.99% | 34.15% |
| 2007 | 32.80% | 31.17% | 32.98% |
| 2005 | 33.10% | 32.18% | 31.35% |
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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