New Haven County Connecticut Residential Rent and Rental Statistics
The median monthly gross residential rent in New Haven County CT was $1,151 in 2019 according to the Census ACS survey.1 Average gross rent in New Haven County was $1,155 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 New Haven County median and average rent data will be released in September of 2021.
Data is also available below for New Haven County rental vacancy rates, New Haven County rent as a percent of median income and the fraction of renters in New Haven County.
Real Gross Rent in New Haven County Connecticut (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Connecticut Median Gross Rent | $1,177 | -1.26% | +0.77% |
| New Haven County CT Median Gross Rent | $1,151 | -1.71% | +0.44% |
New Haven County CT Real Gross Rent Trends
Median gross rent for New Haven County peaked in real terms in 2009 at $1,172 and is now $21 (1.79%) lower. Average gross rent for New Haven County peaked in real terms in 2008 at $1,159 and is now $4 (0.35%) lower.
Real Gross Rent: New Haven County CT Median, New Haven County CT Average, Connecticut Median, US Median
Real Gross Rent History for New Haven County
| Date | US Median |
Connecticut Median |
New Haven County CT Median |
New Haven County CT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,177 | $1,151 | $1,155 |
| 2018 | $1,077 | $1,192 | $1,171 | $1,138 |
| 2017 | $1,043 | $1,160 | $1,141 | $1,118 |
| 2016 | $1,027 | $1,168 | $1,146 | $1,115 |
| 2015 | $1,017 | $1,175 | $1,135 | $1,133 |
| 2014 | $986 | $1,136 | $1,118 | $1,100 |
| 2013 | $953 | $1,095 | $1,080 | $1,067 |
| 2012 | $940 | $1,084 | $1,096 | $1,088 |
| 2011 | $941 | $1,103 | $1,100 | $1,076 |
| 2010 | $955 | $1,108 | $1,134 | $1,112 |
| 2009 | $960 | $1,147 | $1,172 | $1,135 |
| 2007 | $927 | $1,094 | $1,083 | $1,053 |
| 2005 | $910 | $1,049 | $1,054 | $1,006 |
New Haven 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 New Haven County Connecticut was 5.70% according to Census ACS data.
Rental Vacancy Rate in New Haven County Connecticut
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Connecticut | 6.37% | +0.58% | +0.81% |
| New Haven County CT | 5.70% | -0.15% | -2.05% |
Trends in New Haven County CT Rental Vacancy Rate
The rental vacancy rate in New Haven County peaked in 2011 at 8.92%. Since then it has fallen by 3.22% to 5.70%. Data records for this series originated in 2005.
Rental Vacancy Rate: New Haven County CT, Connecticut, US
Historical Rental Vacancy Rate data for New Haven County
| Date | US | Connecticut | New Haven County CT |
|---|---|---|---|
| 2019 | 5.97% | 6.37% | 5.70% |
| 2018 | 6.15% | 5.79% | 5.85% |
| 2017 | 6.18% | 7.02% | 8.80% |
| 2016 | 5.89% | 5.56% | 7.75% |
| 2015 | 5.85% | 6.78% | 8.40% |
| 2014 | 6.32% | 6.72% | 7.84% |
| 2013 | 6.49% | 6.58% | 6.53% |
| 2012 | 6.77% | 6.97% | 6.94% |
| 2011 | 7.40% | 7.87% | 8.92% |
| 2010 | 8.17% | 7.09% | 8.34% |
| 2009 | 8.43% | 7.84% | 7.74% |
| 2007 | 7.87% | 7.33% | 6.88% |
| 2005 | 7.74% | 6.58% | 5.72% |
Rent as a Fraction of Income
Using median household income data for New Haven County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For New Haven County, median monthly gross rent as a fraction of median household income was 19.80% in 2019 according to the ACS.
New Haven County Connecticut Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Connecticut | 17.92% | -0.49% | -0.30% |
| New Haven County CT | 19.80% | -0.54% | -0.04% |
Trends in New Haven County CT Rent as a Fraction of Income
The fraction of median New Haven County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.35%. Since then it has fallen by 1.55% to 19.80%.
Fraction of Income towards Rent: New Haven County CT, Connecticut, US
Historical Data for Annual Rent as a Fraction of Income in New Haven County Connecticut
| Date | US | Connecticut | New Haven County CT |
|---|---|---|---|
| 2019 | 20.03% | 17.92% | 19.80% |
| 2018 | 20.50% | 18.41% | 20.34% |
| 2017 | 20.13% | 18.20% | 19.87% |
| 2016 | 20.43% | 18.22% | 19.84% |
| 2015 | 20.63% | 18.64% | 20.79% |
| 2014 | 20.89% | 18.43% | 21.04% |
| 2013 | 20.78% | 18.60% | 21.02% |
| 2012 | 20.65% | 18.18% | 20.85% |
| 2011 | 20.70% | 18.63% | 20.62% |
| 2010 | 20.50% | 18.59% | 21.35% |
| 2009 | 20.12% | 18.01% | 20.36% |
| 2007 | 18.66% | 16.94% | 18.47% |
| 2005 | 18.89% | 16.52% | 18.88% |
Renter Fraction in New Haven County Connecticut
You can calculate the renter fraction in New Haven 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 New Haven County as a fraction of total New Haven County households. In 2019 39.48% of households were renters according to Census ACS data.
New Haven County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Connecticut | 34.97% | +0.77% | -0.26% |
| New Haven County CT | 39.48% | +0.42% | +0.70% |
Trends in the New Haven County CT Renter Fraction
At 39.48%, the 2019 household based renter fraction in New Haven County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: New Haven County CT, Connecticut, US
History of New Haven County Renter Fraction
| Date | US | Connecticut | New Haven County CT |
|---|---|---|---|
| 2019 | 35.89% | 34.97% | 39.48% |
| 2018 | 36.05% | 34.20% | 39.06% |
| 2017 | 36.13% | 33.80% | 37.97% |
| 2016 | 36.88% | 35.23% | 38.78% |
| 2015 | 36.97% | 33.84% | 38.54% |
| 2014 | 36.90% | 33.62% | 37.94% |
| 2013 | 36.50% | 33.69% | 38.21% |
| 2012 | 36.09% | 33.09% | 36.64% |
| 2011 | 35.42% | 32.60% | 36.36% |
| 2010 | 34.65% | 32.03% | 36.50% |
| 2009 | 34.13% | 31.15% | 35.83% |
| 2007 | 32.80% | 29.97% | 32.94% |
| 2005 | 33.10% | 30.51% | 34.57% |
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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