Kane County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Kane County IL was $1,117 in 2019 according to the Census ACS survey.1 Average gross rent in Kane County was $1,171 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 Kane County median and average rent data will be released in September of 2021.
Data is also available below for Kane County rental vacancy rates, Kane County rent as a percent of median income and the fraction of renters in Kane County.
Real Gross Rent in Kane County Illinois (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Illinois Median Gross Rent | $1,020 | +0.69% | +2.51% |
| Kane County IL Median Gross Rent | $1,117 | -5.02% | -0.18% |
Kane County IL Real Gross Rent Trends
Median gross rent for Kane County peaked in real terms in 2018 at $1,176 and is now $59 (5.02%) lower. Average gross rent for Kane County peaked in real terms in 2018 at $1,176 and is now $5 (0.43%) lower.
Real Gross Rent: Kane County IL Median, Kane County IL Average, Illinois Median, US Median
Real Gross Rent History for Kane County
| Date | US Median |
Illinois Median |
Kane County IL Median |
Kane County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $1,117 | $1,171 |
| 2018 | $1,077 | $1,013 | $1,176 | $1,176 |
| 2017 | $1,043 | $1,004 | $1,126 | $1,130 |
| 2016 | $1,027 | $995 | $1,119 | $1,147 |
| 2015 | $1,017 | $993 | $1,116 | $1,163 |
| 2014 | $986 | $955 | $1,135 | $1,154 |
| 2013 | $953 | $932 | $1,023 | $1,065 |
| 2012 | $940 | $923 | $1,033 | $1,068 |
| 2011 | $941 | $928 | $1,033 | $1,097 |
| 2010 | $955 | $948 | $1,049 | $1,076 |
| 2009 | $960 | $944 | $1,076 | $1,075 |
| 2007 | $927 | $920 | $994 | $1,032 |
| 2005 | $910 | $918 | $1,054 | $994 |
Kane 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 Kane County Illinois was 4.63% according to Census ACS data.
Rental Vacancy Rate in Kane County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Kane County IL | 4.63% | +1.97% | -1.66% |
Trends in Kane County IL Rental Vacancy Rate
The rental vacancy rate in Kane County peaked in 2005 at 9.58%. Since then it has fallen by 4.95% to 4.63%. Data records for this series originated in 2005. From a 2017 post peak low of 1.60%, the rental vacancy rate has increased by 3.03%.
Rental Vacancy Rate: Kane County IL, Illinois, US
Historical Rental Vacancy Rate data for Kane County
| Date | US | Illinois | Kane County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 4.63% |
| 2018 | 6.15% | 6.32% | 2.66% |
| 2017 | 6.18% | 7.02% | 1.60% |
| 2016 | 5.89% | 6.01% | 6.29% |
| 2015 | 5.85% | 6.21% | 2.64% |
| 2014 | 6.32% | 6.53% | 4.58% |
| 2013 | 6.49% | 6.16% | 3.94% |
| 2012 | 6.77% | 6.39% | — |
| 2011 | 7.40% | 7.35% | 6.15% |
| 2010 | 8.17% | 7.66% | 6.33% |
| 2009 | 8.43% | 7.84% | 8.94% |
| 2007 | 7.87% | 7.69% | 4.99% |
| 2005 | 7.74% | 9.45% | 9.58% |
Rent as a Fraction of Income
Using median household income data for Kane County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kane County, median monthly gross rent as a fraction of median household income was 15.89% in 2019 according to the ACS.
Kane County Illinois Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Illinois | 17.69% | -0.67% | -1.01% |
| Kane County IL | 15.89% | -1.48% | -1.60% |
Trends in Kane County IL Rent as a Fraction of Income
The fraction of median Kane County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.03%. Since then it has fallen by 2.14% to 15.89%.
Fraction of Income towards Rent: Kane County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Kane County Illinois
| Date | US | Illinois | Kane County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 15.89% |
| 2018 | 20.50% | 18.36% | 17.36% |
| 2017 | 20.13% | 18.55% | 17.33% |
| 2016 | 20.43% | 18.70% | 17.49% |
| 2015 | 20.63% | 18.85% | 17.94% |
| 2014 | 20.89% | 18.91% | 17.78% |
| 2013 | 20.78% | 18.89% | 16.16% |
| 2012 | 20.65% | 18.89% | 18.03% |
| 2011 | 20.70% | 19.36% | 17.25% |
| 2010 | 20.50% | 19.21% | 17.15% |
| 2009 | 20.12% | 18.41% | 17.01% |
| 2007 | 18.66% | 17.36% | 14.82% |
| 2005 | 18.89% | 17.52% | 15.98% |
Renter Fraction in Kane County Illinois
You can calculate the renter fraction in Kane 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 Kane County as a fraction of total Kane County households. In 2019 25.79% of households were renters according to Census ACS data.
Kane County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Illinois | 33.99% | -0.02% | -0.75% |
| Kane County IL | 25.79% | +1.13% | -2.57% |
Trends in the Kane County IL Renter Fraction
The Kane County household renter fraction peaked in in 2015 at 29.18% and is now 3.39% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kane County IL, Illinois, US
History of Kane County Renter Fraction
| Date | US | Illinois | Kane County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 25.79% |
| 2018 | 36.05% | 34.01% | 24.66% |
| 2017 | 36.13% | 33.82% | 24.92% |
| 2016 | 36.88% | 34.74% | 28.36% |
| 2015 | 36.97% | 34.72% | 29.18% |
| 2014 | 36.90% | 34.51% | 27.27% |
| 2013 | 36.50% | 34.06% | 25.99% |
| 2012 | 36.09% | 33.40% | 24.49% |
| 2011 | 35.42% | 32.65% | 27.18% |
| 2010 | 34.65% | 32.27% | 23.31% |
| 2009 | 34.13% | 32.00% | 23.02% |
| 2007 | 32.80% | 29.94% | 22.16% |
| 2005 | 33.10% | 30.13% | 22.22% |
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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