Tolland County Connecticut Residential Rent and Rental Statistics
The median monthly gross residential rent in Tolland County CT was $1,218 in 2019 according to the Census ACS survey.1 Average gross rent in Tolland County was $1,216 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 Tolland County median and average rent data will be released in September of 2021.
Data is also available below for Tolland County rental vacancy rates, Tolland County rent as a percent of median income and the fraction of renters in Tolland County.
Real Gross Rent in Tolland 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% |
| Tolland County CT Median Gross Rent | $1,218 | +1.16% | +9.63% |
Tolland County CT Real Gross Rent Trends
At $1,218, real median gross rent in Tolland County was at its highest level in 2019 since the series began in 2005. Average gross rent for Tolland County peaked in real terms in 2018 at $1,257 and is now $41 (3.26%) lower.
Real Gross Rent: Tolland County CT Median, Tolland County CT Average, Connecticut Median, US Median
Real Gross Rent History for Tolland County
| Date | US Median |
Connecticut Median |
Tolland County CT Median |
Tolland County CT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,177 | $1,218 | $1,216 |
| 2018 | $1,077 | $1,192 | $1,204 | $1,257 |
| 2017 | $1,043 | $1,160 | $1,101 | $1,125 |
| 2016 | $1,027 | $1,168 | $1,111 | $1,127 |
| 2015 | $1,017 | $1,175 | $1,104 | $1,154 |
| 2014 | $986 | $1,136 | $1,057 | $1,046 |
| 2013 | $953 | $1,095 | $1,077 | $1,104 |
| 2012 | $940 | $1,084 | $1,093 | $1,134 |
| 2011 | $941 | $1,103 | $1,122 | $1,169 |
| 2010 | $955 | $1,108 | $1,067 | $1,127 |
| 2009 | $960 | $1,147 | $1,145 | $1,161 |
| 2007 | $927 | $1,094 | $1,050 | $1,071 |
| 2005 | $910 | $1,049 | $1,009 | $994 |
Tolland County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Tolland County Connecticut was 5.86% according to Census ACS data.
Rental Vacancy Rate in Tolland County Connecticut
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Connecticut | 6.37% | +0.58% | +0.81% |
| Tolland County CT | — | — | — |
Trends in Tolland County CT Rental Vacancy Rate
The rental vacancy rate in Tolland County peaked in 2014 at 11.27%. Since then it has fallen by 5.41% to 5.86%. Data records for this series originated in 2005. From a 2016 post peak low of 2.47%, the rental vacancy rate has increased by 3.39%.
Rental Vacancy Rate: Tolland County CT, Connecticut, US
Historical Rental Vacancy Rate data for Tolland County
| Date | US | Connecticut | Tolland County CT |
|---|---|---|---|
| 2019 | 5.97% | 6.37% | — |
| 2018 | 6.15% | 5.79% | 5.86% |
| 2017 | 6.18% | 7.02% | — |
| 2016 | 5.89% | 5.56% | 2.47% |
| 2015 | 5.85% | 6.78% | — |
| 2014 | 6.32% | 6.72% | 11.27% |
| 2013 | 6.49% | 6.58% | 6.07% |
| 2012 | 6.77% | 6.97% | 8.75% |
| 2011 | 7.40% | 7.87% | 7.03% |
| 2010 | 8.17% | 7.09% | — |
| 2009 | 8.43% | 7.84% | 6.44% |
| 2007 | 7.87% | 7.33% | — |
| 2005 | 7.74% | 6.58% | 10.35% |
Rent as a Fraction of Income
Using median household income data for Tolland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tolland County, median monthly gross rent as a fraction of median household income was 16.06% in 2019 according to the ACS.
Tolland 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% |
| Tolland County CT | 16.06% | +0.57% | +0.39% |
Trends in Tolland County CT Rent as a Fraction of Income
The fraction of median Tolland County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 17.77%. Since then it has fallen by 1.71% to 16.06%.
Fraction of Income towards Rent: Tolland County CT, Connecticut, US
Historical Data for Annual Rent as a Fraction of Income in Tolland County Connecticut
| Date | US | Connecticut | Tolland County CT |
|---|---|---|---|
| 2019 | 20.03% | 17.92% | 16.06% |
| 2018 | 20.50% | 18.41% | 15.49% |
| 2017 | 20.13% | 18.20% | 17.77% |
| 2016 | 20.43% | 18.22% | 15.67% |
| 2015 | 20.63% | 18.64% | 15.20% |
| 2014 | 20.89% | 18.43% | 15.25% |
| 2013 | 20.78% | 18.60% | 16.83% |
| 2012 | 20.65% | 18.18% | 16.38% |
| 2011 | 20.70% | 18.63% | 15.94% |
| 2010 | 20.50% | 18.59% | 15.15% |
| 2009 | 20.12% | 18.01% | 15.06% |
| 2007 | 18.66% | 16.94% | 14.21% |
| 2005 | 18.89% | 16.52% | 13.10% |
Renter Fraction in Tolland County Connecticut
You can calculate the renter fraction in Tolland 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 Tolland County as a fraction of total Tolland County households. In 2019 27.88% of households were renters according to Census ACS data.
Tolland 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% |
| Tolland County CT | 27.88% | -0.55% | +0.55% |
Trends in the Tolland County CT Renter Fraction
The Tolland County household renter fraction peaked in in 2017 at 30.48% and is now 2.60% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tolland County CT, Connecticut, US
History of Tolland County Renter Fraction
| Date | US | Connecticut | Tolland County CT |
|---|---|---|---|
| 2019 | 35.89% | 34.97% | 27.88% |
| 2018 | 36.05% | 34.20% | 28.43% |
| 2017 | 36.13% | 33.80% | 30.48% |
| 2016 | 36.88% | 35.23% | 27.33% |
| 2015 | 36.97% | 33.84% | 27.52% |
| 2014 | 36.90% | 33.62% | 26.47% |
| 2013 | 36.50% | 33.69% | 30.01% |
| 2012 | 36.09% | 33.09% | 25.64% |
| 2011 | 35.42% | 32.60% | 26.12% |
| 2010 | 34.65% | 32.03% | 25.17% |
| 2009 | 34.13% | 31.15% | 22.79% |
| 2007 | 32.80% | 29.97% | 23.21% |
| 2005 | 33.10% | 30.51% | 23.34% |
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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