Tazewell County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Tazewell County IL was $718 in 2019 according to the Census ACS survey.1 Average gross rent in Tazewell County was $805 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 Tazewell County median and average rent data will be released in September of 2021.
Data is also available below for Tazewell County rental vacancy rates, Tazewell County rent as a percent of median income and the fraction of renters in Tazewell County.
Real Gross Rent in Tazewell 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% |
| Tazewell County IL Median Gross Rent | $718 | -5.03% | -5.90% |
Tazewell County IL Real Gross Rent Trends
Median gross rent for Tazewell County peaked in real terms in 2008 at $776 and is now $58 (7.47%) lower. Average gross rent for Tazewell County peaked in real terms in 2014 at $828 and is now $23 (2.78%) lower.
Real Gross Rent: Tazewell County IL Median, Tazewell County IL Average, Illinois Median, US Median
Real Gross Rent History for Tazewell County
| Date | US Median |
Illinois Median |
Tazewell County IL Median |
Tazewell County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $718 | $805 |
| 2018 | $1,077 | $1,013 | $756 | $784 |
| 2017 | $1,043 | $1,004 | $749 | $788 |
| 2016 | $1,027 | $995 | $763 | $763 |
| 2015 | $1,017 | $993 | $718 | $765 |
| 2014 | $986 | $955 | $736 | $828 |
| 2013 | $953 | $932 | $714 | $697 |
| 2012 | $940 | $923 | $706 | $710 |
| 2011 | $941 | $928 | $690 | $686 |
| 2010 | $955 | $948 | $682 | $676 |
| 2009 | $960 | $944 | $750 | $727 |
| 2007 | $927 | $920 | $762 | $772 |
| 2005 | $910 | $918 | $670 | $736 |
Tazewell 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 Tazewell County Illinois was 10.61% according to Census ACS data.
Rental Vacancy Rate in Tazewell County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Tazewell County IL | 10.61% | +7.38% | +4.55% |
Trends in Tazewell County IL Rental Vacancy Rate
The rental vacancy rate in Tazewell County peaked in 2005 at 11.43%. Since then it has fallen by 0.82% to 10.61%. Data records for this series originated in 2005. From a 2018 post peak low of 3.23%, the rental vacancy rate has increased by 7.38%.
Rental Vacancy Rate: Tazewell County IL, Illinois, US
Historical Rental Vacancy Rate data for Tazewell County
| Date | US | Illinois | Tazewell County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 10.61% |
| 2018 | 6.15% | 6.32% | 3.23% |
| 2017 | 6.18% | 7.02% | 9.65% |
| 2016 | 5.89% | 6.01% | 6.06% |
| 2015 | 5.85% | 6.21% | 11.12% |
| 2014 | 6.32% | 6.53% | 6.28% |
| 2013 | 6.49% | 6.16% | — |
| 2012 | 6.77% | 6.39% | 4.31% |
| 2011 | 7.40% | 7.35% | 5.48% |
| 2010 | 8.17% | 7.66% | — |
| 2009 | 8.43% | 7.84% | — |
| 2007 | 7.87% | 7.69% | 6.68% |
| 2005 | 7.74% | 9.45% | 11.43% |
Rent as a Fraction of Income
Using median household income data for Tazewell County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tazewell County, median monthly gross rent as a fraction of median household income was 13.08% in 2019 according to the ACS.
Tazewell 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% |
| Tazewell County IL | 13.08% | -1.57% | -1.46% |
Trends in Tazewell County IL Rent as a Fraction of Income
The fraction of median Tazewell County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 15.57%. Since then it has fallen by 2.49% to 13.08%. From a 2012 low of 12.99%, the fraction of income going to rent has increased by 0.09%.
Fraction of Income towards Rent: Tazewell County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Tazewell County Illinois
| Date | US | Illinois | Tazewell County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 13.08% |
| 2018 | 20.50% | 18.36% | 14.65% |
| 2017 | 20.13% | 18.55% | 14.45% |
| 2016 | 20.43% | 18.70% | 14.54% |
| 2015 | 20.63% | 18.85% | 14.25% |
| 2014 | 20.89% | 18.91% | 13.76% |
| 2013 | 20.78% | 18.89% | 14.36% |
| 2012 | 20.65% | 18.89% | 12.99% |
| 2011 | 20.70% | 19.36% | 15.57% |
| 2010 | 20.50% | 19.21% | 14.65% |
| 2009 | 20.12% | 18.41% | 14.75% |
| 2007 | 18.66% | 17.36% | 14.88% |
| 2005 | 18.89% | 17.52% | 13.12% |
Renter Fraction in Tazewell County Illinois
You can calculate the renter fraction in Tazewell 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 Tazewell County as a fraction of total Tazewell County households. In 2019 25.01% of households were renters according to Census ACS data.
Tazewell 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% |
| Tazewell County IL | 25.01% | -1.72% | +1.83% |
Trends in the Tazewell County IL Renter Fraction
The Tazewell County household renter fraction peaked in in 2013 at 26.91% and is now 1.90% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tazewell County IL, Illinois, US
History of Tazewell County Renter Fraction
| Date | US | Illinois | Tazewell County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 25.01% |
| 2018 | 36.05% | 34.01% | 26.73% |
| 2017 | 36.13% | 33.82% | 24.76% |
| 2016 | 36.88% | 34.74% | 23.18% |
| 2015 | 36.97% | 34.72% | 21.43% |
| 2014 | 36.90% | 34.51% | 23.46% |
| 2013 | 36.50% | 34.06% | 26.91% |
| 2012 | 36.09% | 33.40% | 25.62% |
| 2011 | 35.42% | 32.65% | 24.15% |
| 2010 | 34.65% | 32.27% | 21.81% |
| 2009 | 34.13% | 32.00% | 22.45% |
| 2007 | 32.80% | 29.94% | 23.37% |
| 2005 | 33.10% | 30.13% | 20.92% |
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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