Canyon County Idaho Residential Rent and Rental Statistics
The median monthly gross residential rent in Canyon County ID was $964 in 2019 according to the Census ACS survey.1 Average gross rent in Canyon County was $923 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 Canyon County median and average rent data will be released in September of 2021.
Data is also available below for Canyon County rental vacancy rates, Canyon County rent as a percent of median income and the fraction of renters in Canyon County.
Real Gross Rent in Canyon 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% |
| Canyon County ID Median Gross Rent | $964 | +9.67% | +10.42% |
Canyon County ID Real Gross Rent Trends
At $964, real median gross rent in Canyon County was at its highest level in 2019 since the series began in 2005. At $923, real average gross rent in Canyon County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Canyon County ID Median, Canyon County ID Average, Idaho Median, US Median
Real Gross Rent History for Canyon County
| Date | US Median |
Idaho Median |
Canyon County ID Median |
Canyon County ID Average |
|---|---|---|---|---|
| 2019 | $1,097 | $880 | $964 | $923 |
| 2018 | $1,077 | $863 | $879 | $864 |
| 2017 | $1,043 | $848 | $896 | $847 |
| 2016 | $1,027 | $827 | $873 | $777 |
| 2015 | $1,017 | $817 | $765 | $761 |
| 2014 | $986 | $797 | $811 | $759 |
| 2013 | $953 | $763 | $758 | $768 |
| 2012 | $940 | $747 | $727 | $731 |
| 2011 | $941 | $744 | $723 | $692 |
| 2010 | $955 | $763 | $828 | $771 |
| 2009 | $960 | $791 | $799 | $764 |
| 2007 | $927 | $768 | $791 | $747 |
| 2005 | $910 | $743 | $749 | $741 |
Canyon 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 Canyon County Idaho was 2.12% according to Census ACS data.
Rental Vacancy Rate in Canyon County Idaho
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Idaho | 3.96% | -1.39% | -1.41% |
| Canyon County ID | — | — | — |
Trends in Canyon County ID Rental Vacancy Rate
The rental vacancy rate in Canyon County peaked in 2009 at 13.40%. Since then it has fallen by 11.28% to 2.12%. Data records for this series originated in 2005. From a 2011 post peak low of 1.69%, the rental vacancy rate has increased by 0.43%.
Rental Vacancy Rate: Canyon County ID, Idaho, US
Historical Rental Vacancy Rate data for Canyon County
| Date | US | Idaho | Canyon County ID |
|---|---|---|---|
| 2019 | 5.97% | 3.96% | — |
| 2018 | 6.15% | 5.35% | — |
| 2017 | 6.18% | 6.21% | 2.12% |
| 2016 | 5.89% | 5.37% | 4.25% |
| 2015 | 5.85% | 4.97% | 3.98% |
| 2014 | 6.32% | 5.23% | 2.35% |
| 2013 | 6.49% | 5.05% | — |
| 2012 | 6.77% | 6.45% | — |
| 2011 | 7.40% | 5.53% | 1.69% |
| 2010 | 8.17% | 7.93% | 12.77% |
| 2009 | 8.43% | 8.58% | 13.40% |
| 2007 | 7.87% | 6.21% | — |
| 2005 | 7.74% | 4.84% | — |
Rent as a Fraction of Income
Using median household income data for Canyon County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Canyon County, median monthly gross rent as a fraction of median household income was 19.63% in 2019 according to the ACS.
Canyon 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% |
| Canyon County ID | 19.63% | +0.22% | -1.04% |
Trends in Canyon County ID Rent as a Fraction of Income
The fraction of median Canyon County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 22.04%. Since then it has fallen by 2.41% to 19.63%.
Fraction of Income towards Rent: Canyon County ID, Idaho, US
Historical Data for Annual Rent as a Fraction of Income in Canyon County Idaho
| Date | US | Idaho | Canyon County ID |
|---|---|---|---|
| 2019 | 20.03% | 17.31% | 19.63% |
| 2018 | 20.50% | 18.31% | 19.40% |
| 2017 | 20.13% | 18.89% | 22.04% |
| 2016 | 20.43% | 18.30% | 20.66% |
| 2015 | 20.63% | 19.14% | 20.22% |
| 2014 | 20.89% | 18.93% | 21.31% |
| 2013 | 20.78% | 18.60% | 20.60% |
| 2012 | 20.65% | 18.52% | 19.72% |
| 2011 | 20.70% | 19.08% | 20.87% |
| 2010 | 20.50% | 18.85% | 20.81% |
| 2009 | 20.12% | 18.54% | 21.76% |
| 2007 | 18.66% | 16.97% | 18.84% |
| 2005 | 18.89% | 17.20% | 17.38% |
Renter Fraction in Canyon County Idaho
You can calculate the renter fraction in Canyon 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 Canyon County as a fraction of total Canyon County households. In 2019 27.70% of households were renters according to Census ACS data.
Canyon 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% |
| Canyon County ID | 27.70% | +1.09% | -5.70% |
Trends in the Canyon County ID Renter Fraction
The Canyon County household renter fraction peaked in in 2017 at 35.22% and is now 7.52% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Canyon County ID, Idaho, US
History of Canyon County Renter Fraction
| Date | US | Idaho | Canyon County ID |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 27.70% |
| 2018 | 36.05% | 29.26% | 26.61% |
| 2017 | 36.13% | 30.34% | 35.22% |
| 2016 | 36.88% | 31.54% | 33.40% |
| 2015 | 36.97% | 31.04% | 30.50% |
| 2014 | 36.90% | 31.98% | 34.18% |
| 2013 | 36.50% | 30.64% | 33.44% |
| 2012 | 36.09% | 31.63% | 31.83% |
| 2011 | 35.42% | 31.26% | 29.48% |
| 2010 | 34.65% | 30.38% | 30.03% |
| 2009 | 34.13% | 28.47% | 30.10% |
| 2007 | 32.80% | 27.95% | 27.87% |
| 2005 | 33.10% | 28.60% | 26.85% |
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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