Mchenry County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Mchenry County IL was $1,198 in 2019 according to the Census ACS survey.1 Average gross rent in Mchenry County was $1,229 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 Mchenry County median and average rent data will be released in September of 2021.
Data is also available below for Mchenry County rental vacancy rates, Mchenry County rent as a percent of median income and the fraction of renters in Mchenry County.
Real Gross Rent in Mchenry 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% |
| Mchenry County IL Median Gross Rent | $1,198 | -0.91% | -2.20% |
Mchenry County IL Real Gross Rent Trends
Median gross rent for Mchenry County peaked in real terms in 2016 at $1,225 and is now $27 (2.20%) lower. Average gross rent for Mchenry County peaked in real terms in 2017 at $1,250 and is now $21 (1.68%) lower.
Real Gross Rent: Mchenry County IL Median, Mchenry County IL Average, Illinois Median, US Median
Real Gross Rent History for Mchenry County
| Date | US Median |
Illinois Median |
Mchenry County IL Median |
Mchenry County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $1,198 | $1,229 |
| 2018 | $1,077 | $1,013 | $1,209 | $1,157 |
| 2017 | $1,043 | $1,004 | $1,189 | $1,250 |
| 2016 | $1,027 | $995 | $1,225 | $1,229 |
| 2015 | $1,017 | $993 | $1,205 | $1,235 |
| 2014 | $986 | $955 | $1,106 | $1,136 |
| 2013 | $953 | $932 | $1,158 | $1,142 |
| 2012 | $940 | $923 | $1,040 | $1,061 |
| 2011 | $941 | $928 | $1,122 | $1,067 |
| 2010 | $955 | $948 | $1,129 | $1,208 |
| 2009 | $960 | $944 | $1,164 | $1,168 |
| 2007 | $927 | $920 | $1,068 | $1,141 |
| 2005 | $910 | $918 | $1,130 | $1,071 |
Mchenry 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 Mchenry County Illinois was 3.08% according to Census ACS data.
Rental Vacancy Rate in Mchenry County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Mchenry County IL | 3.08% | +0.33% | -1.27% |
Trends in Mchenry County IL Rental Vacancy Rate
The rental vacancy rate in Mchenry County peaked in 2011 at 11.41%. Since then it has fallen by 8.33% to 3.08%. Data records for this series originated in 2005. From a 2018 post peak low of 2.75%, the rental vacancy rate has increased by 0.33%.
Rental Vacancy Rate: Mchenry County IL, Illinois, US
Historical Rental Vacancy Rate data for Mchenry County
| Date | US | Illinois | Mchenry County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 3.08% |
| 2018 | 6.15% | 6.32% | 2.75% |
| 2017 | 6.18% | 7.02% | 4.44% |
| 2016 | 5.89% | 6.01% | 4.35% |
| 2015 | 5.85% | 6.21% | 6.30% |
| 2014 | 6.32% | 6.53% | 3.72% |
| 2013 | 6.49% | 6.16% | 3.53% |
| 2012 | 6.77% | 6.39% | 5.77% |
| 2011 | 7.40% | 7.35% | 11.41% |
| 2010 | 8.17% | 7.66% | 4.45% |
| 2009 | 8.43% | 7.84% | 8.24% |
| 2007 | 7.87% | 7.69% | 5.23% |
| 2005 | 7.74% | 9.45% | 5.87% |
Rent as a Fraction of Income
Using median household income data for Mchenry County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mchenry County, median monthly gross rent as a fraction of median household income was 16.17% in 2019 according to the ACS.
Mchenry 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% |
| Mchenry County IL | 16.17% | -0.54% | -1.15% |
Trends in Mchenry County IL Rent as a Fraction of Income
The fraction of median Mchenry County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.78%. Since then it has fallen by 1.61% to 16.17%.
Fraction of Income towards Rent: Mchenry County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Mchenry County Illinois
| Date | US | Illinois | Mchenry County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 16.17% |
| 2018 | 20.50% | 18.36% | 16.72% |
| 2017 | 20.13% | 18.55% | 16.02% |
| 2016 | 20.43% | 18.70% | 17.32% |
| 2015 | 20.63% | 18.85% | 17.01% |
| 2014 | 20.89% | 18.91% | 16.41% |
| 2013 | 20.78% | 18.89% | 17.50% |
| 2012 | 20.65% | 18.89% | 15.30% |
| 2011 | 20.70% | 19.36% | 17.78% |
| 2010 | 20.50% | 19.21% | 17.60% |
| 2009 | 20.12% | 18.41% | 16.45% |
| 2007 | 18.66% | 17.36% | 14.88% |
| 2005 | 18.89% | 17.52% | 15.30% |
Renter Fraction in Mchenry County Illinois
You can calculate the renter fraction in Mchenry 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 Mchenry County as a fraction of total Mchenry County households. In 2019 20.02% of households were renters according to Census ACS data.
Mchenry 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% |
| Mchenry County IL | 20.02% | 0.00% | -3.00% |
Trends in the Mchenry County IL Renter Fraction
The Mchenry County household renter fraction peaked in in 2016 at 23.02% and is now 3.00% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Mchenry County IL, Illinois, US
History of Mchenry County Renter Fraction
| Date | US | Illinois | Mchenry County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 20.02% |
| 2018 | 36.05% | 34.01% | 20.02% |
| 2017 | 36.13% | 33.82% | 20.02% |
| 2016 | 36.88% | 34.74% | 23.02% |
| 2015 | 36.97% | 34.72% | 21.66% |
| 2014 | 36.90% | 34.51% | 21.01% |
| 2013 | 36.50% | 34.06% | 19.98% |
| 2012 | 36.09% | 33.40% | 19.89% |
| 2011 | 35.42% | 32.65% | 15.64% |
| 2010 | 34.65% | 32.27% | 17.14% |
| 2009 | 34.13% | 32.00% | 16.72% |
| 2007 | 32.80% | 29.94% | 15.35% |
| 2005 | 33.10% | 30.13% | 15.46% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Illinois
- / Mchenry County
