Woodbury County Iowa Residential Rent and Rental Statistics
The median monthly gross residential rent in Woodbury County IA was $825 in 2019 according to the Census ACS survey.1 Average gross rent in Woodbury County was $764 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 Woodbury County median and average rent data will be released in September of 2021.
Data is also available below for Woodbury County rental vacancy rates, Woodbury County rent as a percent of median income and the fraction of renters in Woodbury County.
Real Gross Rent in Woodbury County Iowa (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Iowa Median Gross Rent | $808 | +2.15% | +4.12% |
| Woodbury County IA Median Gross Rent | $825 | +1.23% | +12.09% |
Woodbury County IA Real Gross Rent Trends
At $825, real median gross rent in Woodbury County was at its highest level in 2019 since the series began in 2005. Average gross rent for Woodbury County peaked in real terms in 2018 at $858 and is now $94 (10.96%) lower.
Real Gross Rent: Woodbury County IA Median, Woodbury County IA Average, Iowa Median, US Median
Real Gross Rent History for Woodbury County
| Date | US Median |
Iowa Median |
Woodbury County IA Median |
Woodbury County IA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $808 | $825 | $764 |
| 2018 | $1,077 | $791 | $815 | $858 |
| 2017 | $1,043 | $784 | $765 | $725 |
| 2016 | $1,027 | $776 | $736 | $743 |
| 2015 | $1,017 | $762 | $749 | $736 |
| 2014 | $986 | $751 | $692 | $709 |
| 2013 | $953 | $715 | $710 | $681 |
| 2012 | $940 | $703 | $671 | $707 |
| 2011 | $941 | $694 | $660 | $701 |
| 2010 | $955 | $703 | $653 | $658 |
| 2009 | $960 | $696 | $686 | $667 |
| 2007 | $927 | $666 | $660 | $653 |
| 2005 | $910 | $699 | $714 | $688 |
Woodbury County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Woodbury County Iowa was 4.80% according to Census ACS data.
Rental Vacancy Rate in Woodbury County Iowa
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Iowa | 6.21% | -0.67% | -0.03% |
| Woodbury County IA | — | — | — |
Trends in Woodbury County IA Rental Vacancy Rate
The rental vacancy rate in Woodbury County peaked in 2007 at 9.17%. Since then it has fallen by 4.37% to 4.80%. Data records for this series originated in 2005. From a 2013 post peak low of 3.12%, the rental vacancy rate has increased by 1.68%.
Rental Vacancy Rate: Woodbury County IA, Iowa, US
Historical Rental Vacancy Rate data for Woodbury County
| Date | US | Iowa | Woodbury County IA |
|---|---|---|---|
| 2019 | 5.97% | 6.21% | — |
| 2018 | 6.15% | 6.88% | — |
| 2017 | 6.18% | 7.31% | 4.80% |
| 2016 | 5.89% | 6.24% | — |
| 2015 | 5.85% | 6.41% | — |
| 2014 | 6.32% | 5.47% | 3.85% |
| 2013 | 6.49% | 6.03% | 3.12% |
| 2012 | 6.77% | 6.77% | — |
| 2011 | 7.40% | 6.64% | — |
| 2010 | 8.17% | 6.38% | — |
| 2009 | 8.43% | 5.97% | — |
| 2007 | 7.87% | 7.54% | 9.17% |
| 2005 | 7.74% | 7.17% | — |
Rent as a Fraction of Income
Using median household income data for Woodbury County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Woodbury County, median monthly gross rent as a fraction of median household income was 16.80% in 2019 according to the ACS.
Woodbury County Iowa Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Iowa | 15.72% | +0.17% | -0.09% |
| Woodbury County IA | 16.80% | +1.17% | +0.67% |
Trends in Woodbury County IA Rent as a Fraction of Income
The fraction of median Woodbury County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.02%. Since then it has fallen by 1.23% to 16.80%.
Fraction of Income towards Rent: Woodbury County IA, Iowa, US
Historical Data for Annual Rent as a Fraction of Income in Woodbury County Iowa
| Date | US | Iowa | Woodbury County IA |
|---|---|---|---|
| 2019 | 20.03% | 15.72% | 16.80% |
| 2018 | 20.50% | 15.55% | 15.63% |
| 2017 | 20.13% | 15.57% | 16.11% |
| 2016 | 20.43% | 15.81% | 16.12% |
| 2015 | 20.63% | 15.74% | 16.56% |
| 2014 | 20.89% | 15.88% | 17.58% |
| 2013 | 20.78% | 15.60% | 17.74% |
| 2012 | 20.65% | 15.57% | 18.02% |
| 2011 | 20.70% | 15.61% | 17.28% |
| 2010 | 20.50% | 15.74% | 16.60% |
| 2009 | 20.12% | 15.26% | 16.45% |
| 2007 | 18.66% | 14.39% | 15.13% |
| 2005 | 18.89% | 15.38% | 16.71% |
Renter Fraction in Woodbury County Iowa
You can calculate the renter fraction in Woodbury 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 Woodbury County as a fraction of total Woodbury County households. In 2019 33.21% of households were renters according to Census ACS data.
Woodbury County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Iowa | 29.47% | +0.75% | +0.10% |
| Woodbury County IA | 33.21% | -1.02% | -0.52% |
Trends in the Woodbury County IA Renter Fraction
The Woodbury County household renter fraction peaked in in 2014 at 35.90% and is now 2.69% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Woodbury County IA, Iowa, US
History of Woodbury County Renter Fraction
| Date | US | Iowa | Woodbury County IA |
|---|---|---|---|
| 2019 | 35.89% | 29.47% | 33.21% |
| 2018 | 36.05% | 28.72% | 34.23% |
| 2017 | 36.13% | 28.40% | 33.79% |
| 2016 | 36.88% | 29.37% | 33.73% |
| 2015 | 36.97% | 29.33% | 34.35% |
| 2014 | 36.90% | 29.13% | 35.90% |
| 2013 | 36.50% | 29.19% | 32.31% |
| 2012 | 36.09% | 28.07% | 32.67% |
| 2011 | 35.42% | 27.65% | 34.30% |
| 2010 | 34.65% | 27.64% | 34.17% |
| 2009 | 34.13% | 27.92% | 34.47% |
| 2007 | 32.80% | 26.31% | 30.51% |
| 2005 | 33.10% | 26.90% | 33.56% |
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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