Mclean County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Mclean County IL was $815 in 2019 according to the Census ACS survey.1 Average gross rent in Mclean County was $899 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 Mclean County median and average rent data will be released in September of 2021.
Data is also available below for Mclean County rental vacancy rates, Mclean County rent as a percent of median income and the fraction of renters in Mclean County.
Real Gross Rent in Mclean 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% |
| Mclean County IL Median Gross Rent | $815 | -4.00% | -2.98% |
Mclean County IL Real Gross Rent Trends
Median gross rent for Mclean County peaked in real terms in 2015 at $879 and is now $64 (7.28%) lower. Average gross rent for Mclean County peaked in real terms in 2015 at $997 and is now $98 (9.83%) lower.
Real Gross Rent: Mclean County IL Median, Mclean County IL Average, Illinois Median, US Median
Real Gross Rent History for Mclean County
| Date | US Median |
Illinois Median |
Mclean County IL Median |
Mclean County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $815 | $899 |
| 2018 | $1,077 | $1,013 | $849 | $941 |
| 2017 | $1,043 | $1,004 | $827 | $884 |
| 2016 | $1,027 | $995 | $840 | $887 |
| 2015 | $1,017 | $993 | $879 | $997 |
| 2014 | $986 | $955 | $801 | $856 |
| 2013 | $953 | $932 | $800 | $839 |
| 2012 | $940 | $923 | $819 | $915 |
| 2011 | $941 | $928 | $763 | $751 |
| 2010 | $955 | $948 | $784 | $825 |
| 2009 | $960 | $944 | $776 | $833 |
| 2007 | $927 | $920 | $788 | $819 |
| 2005 | $910 | $918 | $805 | $894 |
Mclean 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 Mclean County Illinois was 9.00% according to Census ACS data.
Rental Vacancy Rate in Mclean County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Mclean County IL | 9.00% | -1.18% | +0.69% |
Trends in Mclean County IL Rental Vacancy Rate
The rental vacancy rate in Mclean County peaked in 2005 at 20.73%. Since then it has fallen by 11.73% to 9.00%. Data records for this series originated in 2005. From a 2009 post peak low of 4.16%, the rental vacancy rate has increased by 4.84%.
Rental Vacancy Rate: Mclean County IL, Illinois, US
Historical Rental Vacancy Rate data for Mclean County
| Date | US | Illinois | Mclean County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 9.00% |
| 2018 | 6.15% | 6.32% | 10.18% |
| 2017 | 6.18% | 7.02% | 11.03% |
| 2016 | 5.89% | 6.01% | 8.31% |
| 2015 | 5.85% | 6.21% | 6.10% |
| 2014 | 6.32% | 6.53% | 6.25% |
| 2013 | 6.49% | 6.16% | 5.42% |
| 2012 | 6.77% | 6.39% | 6.86% |
| 2011 | 7.40% | 7.35% | 8.25% |
| 2010 | 8.17% | 7.66% | 11.41% |
| 2009 | 8.43% | 7.84% | 4.16% |
| 2007 | 7.87% | 7.69% | 10.05% |
| 2005 | 7.74% | 9.45% | 20.73% |
Rent as a Fraction of Income
Using median household income data for Mclean County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mclean County, median monthly gross rent as a fraction of median household income was 14.22% in 2019 according to the ACS.
Mclean 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% |
| Mclean County IL | 14.22% | -0.89% | -1.27% |
Trends in Mclean County IL Rent as a Fraction of Income
The fraction of median Mclean County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 15.69%. Since then it has fallen by 1.47% to 14.22%.
Fraction of Income towards Rent: Mclean County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Mclean County Illinois
| Date | US | Illinois | Mclean County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 14.22% |
| 2018 | 20.50% | 18.36% | 15.11% |
| 2017 | 20.13% | 18.55% | 14.10% |
| 2016 | 20.43% | 18.70% | 15.48% |
| 2015 | 20.63% | 18.85% | 15.23% |
| 2014 | 20.89% | 18.91% | 15.69% |
| 2013 | 20.78% | 18.89% | 14.75% |
| 2012 | 20.65% | 18.89% | 14.88% |
| 2011 | 20.70% | 19.36% | 14.66% |
| 2010 | 20.50% | 19.21% | 14.14% |
| 2009 | 20.12% | 18.41% | 14.59% |
| 2007 | 18.66% | 17.36% | 14.89% |
| 2005 | 18.89% | 17.52% | 14.99% |
Renter Fraction in Mclean County Illinois
You can calculate the renter fraction in Mclean 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 Mclean County as a fraction of total Mclean County households. In 2019 36.23% of households were renters according to Census ACS data.
Mclean 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% |
| Mclean County IL | 36.23% | +1.08% | +1.14% |
Trends in the Mclean County IL Renter Fraction
The Mclean County household renter fraction peaked in in 2014 at 36.57% and is now 0.34% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Mclean County IL, Illinois, US
History of Mclean County Renter Fraction
| Date | US | Illinois | Mclean County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 36.23% |
| 2018 | 36.05% | 34.01% | 35.15% |
| 2017 | 36.13% | 33.82% | 34.66% |
| 2016 | 36.88% | 34.74% | 35.09% |
| 2015 | 36.97% | 34.72% | 35.50% |
| 2014 | 36.90% | 34.51% | 36.57% |
| 2013 | 36.50% | 34.06% | 32.42% |
| 2012 | 36.09% | 33.40% | 34.12% |
| 2011 | 35.42% | 32.65% | 33.65% |
| 2010 | 34.65% | 32.27% | 31.42% |
| 2009 | 34.13% | 32.00% | 33.74% |
| 2007 | 32.80% | 29.94% | 31.94% |
| 2005 | 33.10% | 30.13% | 31.74% |
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
- / Mclean County
