Macon County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Macon County IL was $668 in 2019 according to the Census ACS survey.1 Average gross rent in Macon County was $667 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 Macon County median and average rent data will be released in September of 2021.
Data is also available below for Macon County rental vacancy rates, Macon County rent as a percent of median income and the fraction of renters in Macon County.
Real Gross Rent in Macon 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% |
| Macon County IL Median Gross Rent | $668 | -8.74% | -2.05% |
Macon County IL Real Gross Rent Trends
Median gross rent for Macon County peaked in real terms in 2018 at $732 and is now $64 (8.74%) lower. Average gross rent for Macon County peaked in real terms in 2018 at $782 and is now $115 (14.71%) lower.
Real Gross Rent: Macon County IL Median, Macon County IL Average, Illinois Median, US Median
Real Gross Rent History for Macon County
| Date | US Median |
Illinois Median |
Macon County IL Median |
Macon County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $668 | $667 |
| 2018 | $1,077 | $1,013 | $732 | $782 |
| 2017 | $1,043 | $1,004 | $691 | $660 |
| 2016 | $1,027 | $995 | $682 | $709 |
| 2015 | $1,017 | $993 | $668 | $695 |
| 2014 | $986 | $955 | $647 | $633 |
| 2013 | $953 | $932 | $682 | $710 |
| 2012 | $940 | $923 | $698 | $630 |
| 2011 | $941 | $928 | $725 | $734 |
| 2010 | $955 | $948 | $691 | $725 |
| 2009 | $960 | $944 | $667 | $692 |
| 2007 | $927 | $920 | $687 | $739 |
| 2005 | $910 | $918 | $615 | $633 |
Macon 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 Macon County Illinois was 15.37% according to Census ACS data.
Rental Vacancy Rate in Macon County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Macon County IL | 15.37% | +10.38% | +9.64% |
Trends in Macon County IL Rental Vacancy Rate
At 15.37%, Macon County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Macon County IL, Illinois, US
Historical Rental Vacancy Rate data for Macon County
| Date | US | Illinois | Macon County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 15.37% |
| 2018 | 6.15% | 6.32% | 4.99% |
| 2017 | 6.18% | 7.02% | 11.24% |
| 2016 | 5.89% | 6.01% | 5.73% |
| 2015 | 5.85% | 6.21% | 4.55% |
| 2014 | 6.32% | 6.53% | 9.16% |
| 2013 | 6.49% | 6.16% | 7.68% |
| 2012 | 6.77% | 6.39% | — |
| 2011 | 7.40% | 7.35% | 10.37% |
| 2010 | 8.17% | 7.66% | 6.02% |
| 2009 | 8.43% | 7.84% | — |
| 2007 | 7.87% | 7.69% | 4.72% |
| 2005 | 7.74% | 9.45% | 6.15% |
Rent as a Fraction of Income
Using median household income data for Macon County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Macon County, median monthly gross rent as a fraction of median household income was 15.77% in 2019 according to the ACS.
Macon 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% |
| Macon County IL | 15.77% | -1.47% | -1.14% |
Trends in Macon County IL Rent as a Fraction of Income
The fraction of median Macon County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.13%. Since then it has fallen by 2.36% to 15.77%.
Fraction of Income towards Rent: Macon County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Macon County Illinois
| Date | US | Illinois | Macon County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 15.77% |
| 2018 | 20.50% | 18.36% | 17.23% |
| 2017 | 20.13% | 18.55% | 15.47% |
| 2016 | 20.43% | 18.70% | 16.91% |
| 2015 | 20.63% | 18.85% | 15.74% |
| 2014 | 20.89% | 18.91% | 15.46% |
| 2013 | 20.78% | 18.89% | 16.92% |
| 2012 | 20.65% | 18.89% | 17.68% |
| 2011 | 20.70% | 19.36% | 18.13% |
| 2010 | 20.50% | 19.21% | 18.12% |
| 2009 | 20.12% | 18.41% | 15.92% |
| 2007 | 18.66% | 17.36% | 15.68% |
| 2005 | 18.89% | 17.52% | 15.09% |
Renter Fraction in Macon County Illinois
You can calculate the renter fraction in Macon 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 Macon County as a fraction of total Macon County households. In 2019 31.71% of households were renters according to Census ACS data.
Macon 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% |
| Macon County IL | 31.71% | -1.06% | -1.27% |
Trends in the Macon County IL Renter Fraction
The Macon County household renter fraction peaked in in 2016 at 32.98% and is now 1.27% below that level. From a recent low of 26.89% in 2017, the household based renter fraction has now grown by 4.82%. The origin year for the series is 2005.
Fraction of Renting Households: Macon County IL, Illinois, US
History of Macon County Renter Fraction
| Date | US | Illinois | Macon County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 31.71% |
| 2018 | 36.05% | 34.01% | 32.77% |
| 2017 | 36.13% | 33.82% | 26.89% |
| 2016 | 36.88% | 34.74% | 32.98% |
| 2015 | 36.97% | 34.72% | 32.50% |
| 2014 | 36.90% | 34.51% | 28.80% |
| 2013 | 36.50% | 34.06% | 28.75% |
| 2012 | 36.09% | 33.40% | 32.16% |
| 2011 | 35.42% | 32.65% | 32.77% |
| 2010 | 34.65% | 32.27% | 32.34% |
| 2009 | 34.13% | 32.00% | 30.96% |
| 2007 | 32.80% | 29.94% | 27.98% |
| 2005 | 33.10% | 30.13% | 28.61% |
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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