Fort Collins Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Fort Collins, CO (the Fort Collins-Loveland metro area) was $1,399 in 2019 according to the Census ACS survey.1 Average gross rent in Fort Collins was $1,378 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 Fort Collins median and average rent data will be released in September of 2021.
Data is also available below for Fort Collins rental vacancy rates, Fort Collins rent as a percent of median income and the fraction of renters in Fort Collins.
Real Gross Rent in Fort Collins 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% |
| Fort Collins, CO Median Gross Rent | $1,399 | +2.19% | +10.94% |
Fort Collins, CO Real Gross Rent Trends
At $1,399, real median gross rent in Fort Collins was at its highest level in 2019 since the series began in 2005. At $1,378, real average gross rent in Fort Collins was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Fort Collins: Fort Collins CO Median, Fort Collins CO Average, Colorado Median, US Median
Real Gross Rent History for Fort Collins
| Date | US Median |
Colorado Median |
Fort Collins, CO Median |
Fort Collins, CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $1,399 | $1,378 |
| 2018 | $1,077 | $1,312 | $1,369 | $1,354 |
| 2017 | $1,043 | $1,279 | $1,271 | $1,246 |
| 2016 | $1,027 | $1,226 | $1,261 | $1,242 |
| 2015 | $1,017 | $1,179 | $1,180 | $1,223 |
| 2014 | $986 | $1,077 | $1,079 | $1,123 |
| 2013 | $953 | $1,023 | $1,038 | $1,075 |
| 2012 | $940 | $994 | $1,028 | $1,074 |
| 2011 | $941 | $972 | $1,021 | $1,058 |
| 2010 | $955 | $964 | $999 | $1,050 |
| 2009 | $960 | $970 | $990 | $1,037 |
| 2007 | $927 | $926 | $900 | $928 |
| 2005 | $910 | $946 | $964 | $996 |
Fort Collins 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 Fort Collins Colorado was 1.52% according to Census ACS data.
Rental Vacancy Rate in Fort Collins Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Fort Collins, CO | 1.52% | -1.27% | -0.04% |
Trends in Fort Collins, CO Rental Vacancy Rate
The rental vacancy rate in Fort Collins peaked in 2005 at 8.32%. Since then it has fallen by 6.80% to 1.52%. Data records for this series originated in 2005.
Rental Vacancy Rate: Fort Collins CO, Colorado, US
Historical Rental Vacancy Rate data for Fort Collins
| Date | US | Colorado | Fort Collins, CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | 1.52% |
| 2018 | 6.15% | 5.27% | 2.79% |
| 2017 | 6.18% | 5.18% | 4.64% |
| 2016 | 5.89% | 4.29% | 1.56% |
| 2015 | 5.85% | 4.47% | 1.92% |
| 2014 | 6.32% | 4.85% | 3.77% |
| 2013 | 6.49% | 5.26% | 4.05% |
| 2012 | 6.77% | 5.69% | 3.01% |
| 2011 | 7.40% | 5.63% | 2.77% |
| 2010 | 8.17% | 6.72% | 4.56% |
| 2009 | 8.43% | 8.00% | 7.05% |
| 2007 | 7.87% | 8.63% | 5.00% |
| 2005 | 7.74% | 9.35% | 8.32% |
Rent as a Fraction of Income
Using median household income data for Fort Collins, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fort Collins, median monthly gross rent as a fraction of median household income was 22.33% in 2019 according to the ACS.
Fort Collins 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% |
| Fort Collins, CO | 22.33% | -0.37% | +0.59% |
Trends in Fort Collins, CO Rent as a Fraction of Income
The fraction of median Fort Collins household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 22.70%. Since then it has fallen by 0.37% to 22.33%.
Fraction of Income towards Rent: Fort Collins CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Fort Collins Colorado
| Date | US | Colorado | Fort Collins, CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 22.33% |
| 2018 | 20.50% | 21.50% | 22.70% |
| 2017 | 20.13% | 21.53% | 21.41% |
| 2016 | 20.43% | 21.39% | 21.74% |
| 2015 | 20.63% | 20.86% | 20.55% |
| 2014 | 20.89% | 19.97% | 21.68% |
| 2013 | 20.78% | 19.81% | 20.04% |
| 2012 | 20.65% | 19.74% | 20.74% |
| 2011 | 20.70% | 19.50% | 20.54% |
| 2010 | 20.50% | 19.16% | 19.81% |
| 2009 | 20.12% | 18.42% | 18.73% |
| 2007 | 18.66% | 17.13% | 17.66% |
| 2005 | 18.89% | 17.93% | 19.00% |
Renter Fraction in Fort Collins Colorado
You can calculate the renter fraction in Fort Collins 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 Fort Collins as a fraction of total Fort Collins households. In 2019 34.26% of households were renters according to Census ACS data.
Fort Collins 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% |
| Fort Collins, CO | 34.26% | -2.75% | -1.97% |
Trends in the Fort Collins, CO Renter Fraction
The Fort Collins household renter fraction peaked in in 2018 at 37.01% and is now 2.75% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Fort Collins CO, Colorado, US
History of Fort Collins Renter Fraction
| Date | US | Colorado | Fort Collins, CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 34.26% |
| 2018 | 36.05% | 34.86% | 37.01% |
| 2017 | 36.13% | 34.80% | 33.45% |
| 2016 | 36.88% | 35.24% | 36.23% |
| 2015 | 36.97% | 36.25% | 35.50% |
| 2014 | 36.90% | 36.14% | 36.91% |
| 2013 | 36.50% | 35.49% | 35.35% |
| 2012 | 36.09% | 35.97% | 36.27% |
| 2011 | 35.42% | 35.62% | 35.26% |
| 2010 | 34.65% | 34.06% | 33.29% |
| 2009 | 34.13% | 32.99% | 34.01% |
| 2007 | 32.80% | 31.17% | 30.23% |
| 2005 | 33.10% | 32.18% | 31.95% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Colorado
- / Fort Collins
