Larimer County Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Larimer County CO was $1,399 in 2019 according to the Census ACS survey.1 Average gross rent in Larimer County 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 Larimer County median and average rent data will be released in September of 2021.
Data is also available below for Larimer County rental vacancy rates, Larimer County rent as a percent of median income and the fraction of renters in Larimer County.
Real Gross Rent in Larimer 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% |
| Larimer County CO Median Gross Rent | $1,399 | +2.19% | +10.94% |
Larimer County CO Real Gross Rent Trends
At $1,399, real median gross rent in Larimer County was at its highest level in 2019 since the series began in 2005. At $1,378, real average gross rent in Larimer County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Larimer County CO Median, Larimer County CO Average, Colorado Median, US Median
Real Gross Rent History for Larimer County
| Date | US Median |
Colorado Median |
Larimer County CO Median |
Larimer County 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 |
Larimer 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 Larimer County Colorado was 1.52% according to Census ACS data.
Rental Vacancy Rate in Larimer County Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Larimer County CO | 1.52% | -1.27% | -0.04% |
Trends in Larimer County CO Rental Vacancy Rate
The rental vacancy rate in Larimer County 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: Larimer County CO, Colorado, US
Historical Rental Vacancy Rate data for Larimer County
| Date | US | Colorado | Larimer County 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 Larimer County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Larimer County, median monthly gross rent as a fraction of median household income was 22.33% in 2019 according to the ACS.
Larimer 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% |
| Larimer County CO | 22.33% | -0.37% | +0.59% |
Trends in Larimer County CO Rent as a Fraction of Income
The fraction of median Larimer County 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: Larimer County CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Larimer County Colorado
| Date | US | Colorado | Larimer County 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 Larimer County Colorado
You can calculate the renter fraction in Larimer 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 Larimer County as a fraction of total Larimer County households. In 2019 34.26% of households were renters according to Census ACS data.
Larimer 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% |
| Larimer County CO | 34.26% | -2.75% | -1.97% |
Trends in the Larimer County CO Renter Fraction
The Larimer County 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: Larimer County CO, Colorado, US
History of Larimer County Renter Fraction
| Date | US | Colorado | Larimer County 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. ↩
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