Weld County Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Weld County CO was $1,211 in 2019 according to the Census ACS survey.1 Average gross rent in Weld County was $1,205 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 Weld County median and average rent data will be released in September of 2021.
Data is also available below for Weld County rental vacancy rates, Weld County rent as a percent of median income and the fraction of renters in Weld County.
Real Gross Rent in Weld 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% |
| Weld County CO Median Gross Rent | $1,211 | +12.34% | +20.26% |
Weld County CO Real Gross Rent Trends
At $1,211, real median gross rent in Weld County was at its highest level in 2019 since the series began in 2005. At $1,205, real average gross rent in Weld County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Weld County CO Median, Weld County CO Average, Colorado Median, US Median
Real Gross Rent History for Weld County
| Date | US Median |
Colorado Median |
Weld County CO Median |
Weld County CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $1,211 | $1,205 |
| 2018 | $1,077 | $1,312 | $1,078 | $1,101 |
| 2017 | $1,043 | $1,279 | $1,034 | $1,067 |
| 2016 | $1,027 | $1,226 | $1,007 | $1,021 |
| 2015 | $1,017 | $1,179 | $1,043 | $988 |
| 2014 | $986 | $1,077 | $948 | $998 |
| 2013 | $953 | $1,023 | $877 | $877 |
| 2012 | $940 | $994 | $952 | $966 |
| 2011 | $941 | $972 | $903 | $934 |
| 2010 | $955 | $964 | $810 | $888 |
| 2009 | $960 | $970 | $887 | $894 |
| 2007 | $927 | $926 | $867 | $860 |
| 2005 | $910 | $946 | $848 | $884 |
Weld 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 Weld County Colorado was 4.86% according to Census ACS data.
Rental Vacancy Rate in Weld County Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Weld County CO | 4.86% | +0.24% | — |
Trends in Weld County CO Rental Vacancy Rate
The rental vacancy rate in Weld County peaked in 2009 at 10.95%. Since then it has fallen by 6.09% to 4.86%. Data records for this series originated in 2005. From a 2014 post peak low of 2.35%, the rental vacancy rate has increased by 2.51%.
Rental Vacancy Rate: Weld County CO, Colorado, US
Historical Rental Vacancy Rate data for Weld County
| Date | US | Colorado | Weld County CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | 4.86% |
| 2018 | 6.15% | 5.27% | 4.62% |
| 2017 | 6.18% | 5.18% | 6.24% |
| 2016 | 5.89% | 4.29% | — |
| 2015 | 5.85% | 4.47% | 2.98% |
| 2014 | 6.32% | 4.85% | 2.35% |
| 2013 | 6.49% | 5.26% | 4.97% |
| 2012 | 6.77% | 5.69% | 4.42% |
| 2011 | 7.40% | 5.63% | — |
| 2010 | 8.17% | 6.72% | 5.85% |
| 2009 | 8.43% | 8.00% | 10.95% |
| 2007 | 7.87% | 8.63% | 6.99% |
| 2005 | 7.74% | 9.35% | 9.88% |
Rent as a Fraction of Income
Using median household income data for Weld County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Weld County, median monthly gross rent as a fraction of median household income was 18.49% in 2019 according to the ACS.
Weld 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% |
| Weld County CO | 18.49% | +1.75% | +0.28% |
Trends in Weld County CO Rent as a Fraction of Income
The fraction of median Weld County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.65%. Since then it has fallen by 1.16% to 18.49%.
Fraction of Income towards Rent: Weld County CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Weld County Colorado
| Date | US | Colorado | Weld County CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 18.49% |
| 2018 | 20.50% | 21.50% | 16.73% |
| 2017 | 20.13% | 21.53% | 17.47% |
| 2016 | 20.43% | 21.39% | 18.21% |
| 2015 | 20.63% | 20.86% | 16.79% |
| 2014 | 20.89% | 19.97% | 17.36% |
| 2013 | 20.78% | 19.81% | 17.05% |
| 2012 | 20.65% | 19.74% | 19.40% |
| 2011 | 20.70% | 19.50% | 19.65% |
| 2010 | 20.50% | 19.16% | 16.74% |
| 2009 | 20.12% | 18.42% | 17.06% |
| 2007 | 18.66% | 17.13% | 16.99% |
| 2005 | 18.89% | 17.93% | 16.68% |
Renter Fraction in Weld County Colorado
You can calculate the renter fraction in Weld 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 Weld County as a fraction of total Weld County households. In 2019 26.42% of households were renters according to Census ACS data.
Weld 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% |
| Weld County CO | 26.42% | +0.20% | -2.97% |
Trends in the Weld County CO Renter Fraction
The Weld County household renter fraction peaked in in 2011 at 32.70% and is now 6.28% below that level. From a recent low of 26.02% in 2017, the household based renter fraction has now grown by 0.40%. The origin year for the series is 2005.
Fraction of Renting Households: Weld County CO, Colorado, US
History of Weld County Renter Fraction
| Date | US | Colorado | Weld County CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 26.42% |
| 2018 | 36.05% | 34.86% | 26.22% |
| 2017 | 36.13% | 34.80% | 26.02% |
| 2016 | 36.88% | 35.24% | 29.39% |
| 2015 | 36.97% | 36.25% | 29.67% |
| 2014 | 36.90% | 36.14% | 28.91% |
| 2013 | 36.50% | 35.49% | 30.15% |
| 2012 | 36.09% | 35.97% | 32.15% |
| 2011 | 35.42% | 35.62% | 32.70% |
| 2010 | 34.65% | 34.06% | 28.31% |
| 2009 | 34.13% | 32.99% | 29.64% |
| 2007 | 32.80% | 31.17% | 29.85% |
| 2005 | 33.10% | 32.18% | 26.93% |
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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