Christian County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Christian County KY was $877 in 2019 according to the Census ACS survey.1 Average gross rent in Christian County was $839 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 Christian County median and average rent data will be released in September of 2021.
Data is also available below for Christian County rental vacancy rates, Christian County rent as a percent of median income and the fraction of renters in Christian County.
Real Gross Rent in Christian 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% |
| Christian County KY Median Gross Rent | $877 | +0.57% | +6.56% |
Christian County KY Real Gross Rent Trends
At $877, real median gross rent in Christian County was at its highest level in 2019 since the series began in 2005. Average gross rent for Christian County peaked in real terms in 2015 at $847 and is now $8 (0.94%) lower.
Real Gross Rent: Christian County KY Median, Christian County KY Average, Kentucky Median, US Median
Real Gross Rent History for Christian County
| Date | US Median |
Kentucky Median |
Christian County KY Median |
Christian County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $877 | $839 |
| 2018 | $1,077 | $793 | $872 | $815 |
| 2017 | $1,043 | $747 | $830 | $757 |
| 2016 | $1,027 | $740 | $823 | $842 |
| 2015 | $1,017 | $745 | $824 | $847 |
| 2014 | $986 | $716 | $747 | $753 |
| 2013 | $953 | $703 | $727 | $747 |
| 2012 | $940 | $677 | $828 | $770 |
| 2011 | $941 | $676 | $775 | $726 |
| 2010 | $955 | $685 | $786 | $706 |
| 2009 | $960 | $699 | $778 | $683 |
| 2007 | $927 | $661 | $781 | $672 |
| 2005 | $910 | $659 | $780 | $649 |
Christian County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Christian County Kentucky was 8.55% according to Census ACS data.
Rental Vacancy Rate in Christian County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Christian County KY | — | — | — |
Trends in Christian County KY Rental Vacancy Rate
The rental vacancy rate in Christian County peaked in 2007 at 9.92%. Since then it has fallen by 1.37% to 8.55%. Data records for this series originated in 2005. From a 2012 post peak low of 3.35%, the rental vacancy rate has increased by 5.20%.
Rental Vacancy Rate: Christian County KY, Kentucky, US
Historical Rental Vacancy Rate data for Christian County
| Date | US | Kentucky | Christian County KY |
|---|---|---|---|
| 2019 | 5.97% | 6.36% | — |
| 2018 | 6.15% | 6.18% | — |
| 2017 | 6.18% | 5.49% | — |
| 2016 | 5.89% | 5.82% | — |
| 2015 | 5.85% | 6.01% | 8.55% |
| 2014 | 6.32% | 6.23% | — |
| 2013 | 6.49% | 6.72% | 6.56% |
| 2012 | 6.77% | 5.52% | 3.35% |
| 2011 | 7.40% | 7.90% | — |
| 2010 | 8.17% | 7.53% | — |
| 2009 | 8.43% | 9.83% | — |
| 2007 | 7.87% | 9.86% | 9.92% |
| 2005 | 7.74% | 7.99% | — |
Rent as a Fraction of Income
Using median household income data for Christian County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Christian County, median monthly gross rent as a fraction of median household income was 22.18% in 2019 according to the ACS.
Christian 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% |
| Christian County KY | 22.18% | -4.57% | -0.75% |
Trends in Christian County KY Rent as a Fraction of Income
The fraction of median Christian County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 26.75%. Since then it has fallen by 4.57% to 22.18%.
Fraction of Income towards Rent: Christian County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Christian County Kentucky
| Date | US | Kentucky | Christian County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 22.18% |
| 2018 | 20.50% | 18.60% | 26.75% |
| 2017 | 20.13% | 17.96% | 21.98% |
| 2016 | 20.43% | 18.18% | 22.93% |
| 2015 | 20.63% | 18.63% | 23.41% |
| 2014 | 20.89% | 18.94% | 23.76% |
| 2013 | 20.78% | 18.47% | 18.32% |
| 2012 | 20.65% | 18.29% | 24.04% |
| 2011 | 20.70% | 18.26% | 24.22% |
| 2010 | 20.50% | 18.36% | 23.33% |
| 2009 | 20.12% | 18.36% | 22.84% |
| 2007 | 18.66% | 16.78% | 20.62% |
| 2005 | 18.89% | 16.92% | 22.36% |
Renter Fraction in Christian County Kentucky
You can calculate the renter fraction in Christian 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 Christian County as a fraction of total Christian County households. In 2019 51.17% of households were renters according to Census ACS data.
Christian 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% |
| Christian County KY | 51.17% | -1.95% | -1.67% |
Trends in the Christian County KY Renter Fraction
The Christian County household renter fraction peaked in in 2014 at 57.05% and is now 5.88% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Christian County KY, Kentucky, US
History of Christian County Renter Fraction
| Date | US | Kentucky | Christian County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 51.17% |
| 2018 | 36.05% | 32.61% | 53.12% |
| 2017 | 36.13% | 33.53% | 51.14% |
| 2016 | 36.88% | 33.16% | 52.84% |
| 2015 | 36.97% | 33.67% | 51.50% |
| 2014 | 36.90% | 33.93% | 57.05% |
| 2013 | 36.50% | 32.62% | 47.18% |
| 2012 | 36.09% | 32.96% | 50.06% |
| 2011 | 35.42% | 31.14% | 49.22% |
| 2010 | 34.65% | 31.35% | 39.91% |
| 2009 | 34.13% | 31.35% | 42.11% |
| 2007 | 32.80% | 29.28% | 34.53% |
| 2005 | 33.10% | 29.38% | 47.26% |
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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