Bannock County Idaho Residential Rent and Rental Statistics
The median monthly gross residential rent in Bannock County ID was $672 in 2019 according to the Census ACS survey.1 Average gross rent in Bannock County was $647 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 Bannock County median and average rent data will be released in September of 2021.
Data is also available below for Bannock County rental vacancy rates, Bannock County rent as a percent of median income and the fraction of renters in Bannock County.
Real Gross Rent in Bannock County Idaho (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Idaho Median Gross Rent | $880 | +1.97% | +6.41% |
| Bannock County ID Median Gross Rent | $672 | -5.08% | +1.20% |
Bannock County ID Real Gross Rent Trends
Median gross rent for Bannock County peaked in real terms in 2005 at $766 and is now $94 (12.27%) lower. From a recent low of 606.0 in 2007, real median gross rent has now increased by $66 (10.89%). Average gross rent for Bannock County peaked in real terms in 2018 at $728 and is now $81 (11.13%) lower.
Real Gross Rent: Bannock County ID Median, Bannock County ID Average, Idaho Median, US Median
Real Gross Rent History for Bannock County
| Date | US Median |
Idaho Median |
Bannock County ID Median |
Bannock County ID Average |
|---|---|---|---|---|
| 2019 | $1,097 | $880 | $672 | $647 |
| 2018 | $1,077 | $863 | $708 | $728 |
| 2017 | $1,043 | $848 | $699 | $695 |
| 2016 | $1,027 | $827 | $664 | $635 |
| 2015 | $1,017 | $817 | $695 | $701 |
| 2014 | $986 | $797 | $675 | $697 |
| 2013 | $953 | $763 | $622 | $663 |
| 2012 | $940 | $747 | $614 | $657 |
| 2011 | $941 | $744 | $630 | $665 |
| 2010 | $955 | $763 | $646 | $620 |
| 2009 | $960 | $791 | $622 | $666 |
| 2007 | $927 | $768 | $606 | $671 |
| 2005 | $910 | $743 | $766 | $720 |
Bannock County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Bannock County Idaho was 7.23% according to Census ACS data.
Rental Vacancy Rate in Bannock County Idaho
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Idaho | 3.96% | -1.39% | -1.41% |
| Bannock County ID | — | — | — |
Trends in Bannock County ID Rental Vacancy Rate
The rental vacancy rate in Bannock County peaked in 2016 at 10.73%. Since then it has fallen by 3.50% to 7.23%. Data records for this series originated in 2005.
Rental Vacancy Rate: Bannock County ID, Idaho, US
Historical Rental Vacancy Rate data for Bannock County
| Date | US | Idaho | Bannock County ID |
|---|---|---|---|
| 2019 | 5.97% | 3.96% | — |
| 2018 | 6.15% | 5.35% | — |
| 2017 | 6.18% | 6.21% | 7.23% |
| 2016 | 5.89% | 5.37% | 10.73% |
| 2015 | 5.85% | 4.97% | 6.92% |
| 2014 | 6.32% | 5.23% | 5.56% |
| 2013 | 6.49% | 5.05% | 4.72% |
| 2012 | 6.77% | 6.45% | — |
| 2011 | 7.40% | 5.53% | — |
| 2010 | 8.17% | 7.93% | — |
| 2009 | 8.43% | 8.58% | — |
| 2007 | 7.87% | 6.21% | — |
| 2005 | 7.74% | 4.84% | — |
Rent as a Fraction of Income
Using median household income data for Bannock County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bannock County, median monthly gross rent as a fraction of median household income was 15.51% in 2019 according to the ACS.
Bannock County Idaho Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Idaho | 17.31% | -1.00% | -0.99% |
| Bannock County ID | 15.51% | -0.92% | -0.20% |
Trends in Bannock County ID Rent as a Fraction of Income
The fraction of median Bannock County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 20.23%. Since then it has fallen by 4.72% to 15.51%. From a 2007 low of 13.95%, the fraction of income going to rent has increased by 1.56%.
Fraction of Income towards Rent: Bannock County ID, Idaho, US
Historical Data for Annual Rent as a Fraction of Income in Bannock County Idaho
| Date | US | Idaho | Bannock County ID |
|---|---|---|---|
| 2019 | 20.03% | 17.31% | 15.51% |
| 2018 | 20.50% | 18.31% | 16.43% |
| 2017 | 20.13% | 18.89% | 15.76% |
| 2016 | 20.43% | 18.30% | 15.71% |
| 2015 | 20.63% | 19.14% | 18.93% |
| 2014 | 20.89% | 18.93% | 17.42% |
| 2013 | 20.78% | 18.60% | 16.82% |
| 2012 | 20.65% | 18.52% | 16.17% |
| 2011 | 20.70% | 19.08% | 17.02% |
| 2010 | 20.50% | 18.85% | 18.06% |
| 2009 | 20.12% | 18.54% | 14.28% |
| 2007 | 18.66% | 16.97% | 13.95% |
| 2005 | 18.89% | 17.20% | 20.23% |
Renter Fraction in Bannock County Idaho
You can calculate the renter fraction in Bannock 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 Bannock County as a fraction of total Bannock County households. In 2019 33.54% of households were renters according to Census ACS data.
Bannock County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Idaho | 28.43% | -0.83% | -3.11% |
| Bannock County ID | 33.54% | -1.19% | +4.63% |
Trends in the Bannock County ID Renter Fraction
The Bannock County household renter fraction peaked in in 2015 at 37.54% and is now 4.00% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bannock County ID, Idaho, US
History of Bannock County Renter Fraction
| Date | US | Idaho | Bannock County ID |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 33.54% |
| 2018 | 36.05% | 29.26% | 34.73% |
| 2017 | 36.13% | 30.34% | 32.59% |
| 2016 | 36.88% | 31.54% | 28.91% |
| 2015 | 36.97% | 31.04% | 37.54% |
| 2014 | 36.90% | 31.98% | 29.36% |
| 2013 | 36.50% | 30.64% | 34.09% |
| 2012 | 36.09% | 31.63% | 32.78% |
| 2011 | 35.42% | 31.26% | 35.06% |
| 2010 | 34.65% | 30.38% | 30.22% |
| 2009 | 34.13% | 28.47% | 26.60% |
| 2007 | 32.80% | 27.95% | 28.48% |
| 2005 | 33.10% | 28.60% | 30.30% |
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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