Campbell County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Campbell County KY was $791 in 2019 according to the Census ACS survey.1 Average gross rent in Campbell County was $792 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 Campbell County median and average rent data will be released in September of 2021.
Data is also available below for Campbell County rental vacancy rates, Campbell County rent as a percent of median income and the fraction of renters in Campbell County.
Real Gross Rent in Campbell County Kentucky (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Kentucky Median Gross Rent | $773 | -2.52% | +4.46% |
| Campbell County KY Median Gross Rent | $791 | -7.92% | -11.72% |
Campbell County KY Real Gross Rent Trends
Median gross rent for Campbell County peaked in real terms in 2016 at $896 and is now $105 (11.72%) lower. Average gross rent for Campbell County peaked in real terms in 2017 at $857 and is now $65 (7.58%) lower.
Real Gross Rent: Campbell County KY Median, Campbell County KY Average, Kentucky Median, US Median
Real Gross Rent History for Campbell County
| Date | US Median |
Kentucky Median |
Campbell County KY Median |
Campbell County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $791 | $792 |
| 2018 | $1,077 | $793 | $859 | $834 |
| 2017 | $1,043 | $747 | $852 | $857 |
| 2016 | $1,027 | $740 | $896 | $810 |
| 2015 | $1,017 | $745 | $825 | $836 |
| 2014 | $986 | $716 | $741 | $751 |
| 2013 | $953 | $703 | $779 | $754 |
| 2012 | $940 | $677 | $768 | $774 |
| 2011 | $941 | $676 | $731 | $732 |
| 2010 | $955 | $685 | $742 | $761 |
| 2009 | $960 | $699 | $741 | $756 |
| 2007 | $927 | $661 | $755 | $735 |
| 2005 | $910 | $659 | $744 | $698 |
Campbell 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 Campbell County Kentucky was 3.92% according to Census ACS data.
Rental Vacancy Rate in Campbell County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Campbell County KY | 3.92% | -0.21% | — |
Trends in Campbell County KY Rental Vacancy Rate
The rental vacancy rate in Campbell County peaked in 2005 at 9.33%. Since then it has fallen by 5.41% to 3.92%. Data records for this series originated in 2005. From a 2011 post peak low of 2.41%, the rental vacancy rate has increased by 1.51%.
Rental Vacancy Rate: Campbell County KY, Kentucky, US
Historical Rental Vacancy Rate data for Campbell County
| Date | US | Kentucky | Campbell County KY |
|---|---|---|---|
| 2019 | 5.97% | 6.36% | 3.92% |
| 2018 | 6.15% | 6.18% | 4.13% |
| 2017 | 6.18% | 5.49% | — |
| 2016 | 5.89% | 5.82% | — |
| 2015 | 5.85% | 6.01% | — |
| 2014 | 6.32% | 6.23% | 3.17% |
| 2013 | 6.49% | 6.72% | 3.54% |
| 2012 | 6.77% | 5.52% | — |
| 2011 | 7.40% | 7.90% | 2.41% |
| 2010 | 8.17% | 7.53% | — |
| 2009 | 8.43% | 9.83% | — |
| 2007 | 7.87% | 9.86% | 8.19% |
| 2005 | 7.74% | 7.99% | 9.33% |
Rent as a Fraction of Income
Using median household income data for Campbell County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Campbell County, median monthly gross rent as a fraction of median household income was 14.29% in 2019 according to the ACS.
Campbell County Kentucky Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Kentucky | 17.74% | -0.87% | -0.45% |
| Campbell County KY | 14.29% | -2.73% | -2.14% |
Trends in Campbell County KY Rent as a Fraction of Income
The fraction of median Campbell County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 18.23%. Since then it has fallen by 3.94% to 14.29%.
Fraction of Income towards Rent: Campbell County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Campbell County Kentucky
| Date | US | Kentucky | Campbell County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 14.29% |
| 2018 | 20.50% | 18.60% | 17.01% |
| 2017 | 20.13% | 17.96% | 16.15% |
| 2016 | 20.43% | 18.18% | 16.43% |
| 2015 | 20.63% | 18.63% | 18.23% |
| 2014 | 20.89% | 18.94% | 16.56% |
| 2013 | 20.78% | 18.47% | 16.65% |
| 2012 | 20.65% | 18.29% | 15.50% |
| 2011 | 20.70% | 18.26% | 15.05% |
| 2010 | 20.50% | 18.36% | 17.77% |
| 2009 | 20.12% | 18.36% | 15.51% |
| 2007 | 18.66% | 16.78% | 14.92% |
| 2005 | 18.89% | 16.92% | 15.29% |
Renter Fraction in Campbell County Kentucky
You can calculate the renter fraction in Campbell 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 Campbell County as a fraction of total Campbell County households. In 2019 28.31% of households were renters according to Census ACS data.
Campbell County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Kentucky | 32.99% | +0.38% | -0.17% |
| Campbell County KY | 28.31% | +0.03% | -2.40% |
Trends in the Campbell County KY Renter Fraction
The Campbell County household renter fraction peaked in in 2014 at 34.20% and is now 5.89% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Campbell County KY, Kentucky, US
History of Campbell County Renter Fraction
| Date | US | Kentucky | Campbell County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 28.31% |
| 2018 | 36.05% | 32.61% | 28.28% |
| 2017 | 36.13% | 33.53% | 31.15% |
| 2016 | 36.88% | 33.16% | 30.71% |
| 2015 | 36.97% | 33.67% | 33.32% |
| 2014 | 36.90% | 33.93% | 34.20% |
| 2013 | 36.50% | 32.62% | 31.51% |
| 2012 | 36.09% | 32.96% | 32.08% |
| 2011 | 35.42% | 31.14% | 29.59% |
| 2010 | 34.65% | 31.35% | 32.34% |
| 2009 | 34.13% | 31.35% | 27.94% |
| 2007 | 32.80% | 29.28% | 27.65% |
| 2005 | 33.10% | 29.38% | 25.77% |
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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