Daviess County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Daviess County KY was $804 in 2019 according to the Census ACS survey.1 Average gross rent in Daviess County was $789 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 Daviess County median and average rent data will be released in September of 2021.
Data is also available below for Daviess County rental vacancy rates, Daviess County rent as a percent of median income and the fraction of renters in Daviess County.
Real Gross Rent in Daviess 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% |
| Daviess County KY Median Gross Rent | $804 | +1.90% | +7.49% |
Daviess County KY Real Gross Rent Trends
Median gross rent for Daviess County peaked in real terms in 2017 at $815 and is now $11 (1.35%) lower. Average gross rent for Daviess County peaked in real terms in 2017 at $805 and is now $16 (1.99%) lower.
Real Gross Rent: Daviess County KY Median, Daviess County KY Average, Kentucky Median, US Median
Real Gross Rent History for Daviess County
| Date | US Median |
Kentucky Median |
Daviess County KY Median |
Daviess County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $804 | $789 |
| 2018 | $1,077 | $793 | $789 | $765 |
| 2017 | $1,043 | $747 | $815 | $805 |
| 2016 | $1,027 | $740 | $748 | $735 |
| 2015 | $1,017 | $745 | $673 | $663 |
| 2014 | $986 | $716 | $682 | $676 |
| 2013 | $953 | $703 | $678 | $696 |
| 2012 | $940 | $677 | $682 | $616 |
| 2011 | $941 | $676 | $657 | $629 |
| 2010 | $955 | $685 | $631 | $635 |
| 2009 | $960 | $699 | $699 | $637 |
| 2007 | $927 | $661 | $654 | $599 |
| 2005 | $910 | $659 | $596 | $575 |
Daviess County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Daviess County Kentucky was 7.40% according to Census ACS data.
Rental Vacancy Rate in Daviess County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Daviess County KY | — | — | — |
Trends in Daviess County KY Rental Vacancy Rate
The rental vacancy rate in Daviess County peaked in 2009 at 13.22%. Since then it has fallen by 5.82% to 7.40%. Data records for this series originated in 2005. From a 2014 post peak low of 3.78%, the rental vacancy rate has increased by 3.62%.
Rental Vacancy Rate: Daviess County KY, Kentucky, US
Historical Rental Vacancy Rate data for Daviess County
| Date | US | Kentucky | Daviess County KY |
|---|---|---|---|
| 2019 | 5.97% | 6.36% | — |
| 2018 | 6.15% | 6.18% | 7.40% |
| 2017 | 6.18% | 5.49% | — |
| 2016 | 5.89% | 5.82% | — |
| 2015 | 5.85% | 6.01% | — |
| 2014 | 6.32% | 6.23% | 3.78% |
| 2013 | 6.49% | 6.72% | 4.67% |
| 2012 | 6.77% | 5.52% | — |
| 2011 | 7.40% | 7.90% | 11.76% |
| 2010 | 8.17% | 7.53% | — |
| 2009 | 8.43% | 9.83% | 13.22% |
| 2007 | 7.87% | 9.86% | 12.69% |
| 2005 | 7.74% | 7.99% | — |
Rent as a Fraction of Income
Using median household income data for Daviess County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Daviess County, median monthly gross rent as a fraction of median household income was 18.93% in 2019 according to the ACS.
Daviess 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% |
| Daviess County KY | 18.93% | +0.67% | +2.38% |
Trends in Daviess County KY Rent as a Fraction of Income
The fraction of median Daviess County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.15%. Since then it has fallen by 0.22% to 18.93%.
Fraction of Income towards Rent: Daviess County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Daviess County Kentucky
| Date | US | Kentucky | Daviess County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 18.93% |
| 2018 | 20.50% | 18.60% | 18.26% |
| 2017 | 20.13% | 17.96% | 19.15% |
| 2016 | 20.43% | 18.18% | 16.55% |
| 2015 | 20.63% | 18.63% | 15.59% |
| 2014 | 20.89% | 18.94% | 18.60% |
| 2013 | 20.78% | 18.47% | 16.35% |
| 2012 | 20.65% | 18.29% | 17.53% |
| 2011 | 20.70% | 18.26% | 16.35% |
| 2010 | 20.50% | 18.36% | 16.43% |
| 2009 | 20.12% | 18.36% | 17.22% |
| 2007 | 18.66% | 16.78% | 16.33% |
| 2005 | 18.89% | 16.92% | 15.40% |
Renter Fraction in Daviess County Kentucky
You can calculate the renter fraction in Daviess 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 Daviess County as a fraction of total Daviess County households. In 2019 32.49% of households were renters according to Census ACS data.
Daviess 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% |
| Daviess County KY | 32.49% | -0.12% | +2.43% |
Trends in the Daviess County KY Renter Fraction
The Daviess County household renter fraction peaked in in 2014 at 35.46% and is now 2.97% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Daviess County KY, Kentucky, US
History of Daviess County Renter Fraction
| Date | US | Kentucky | Daviess County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 32.49% |
| 2018 | 36.05% | 32.61% | 32.61% |
| 2017 | 36.13% | 33.53% | 33.40% |
| 2016 | 36.88% | 33.16% | 30.06% |
| 2015 | 36.97% | 33.67% | 29.53% |
| 2014 | 36.90% | 33.93% | 35.46% |
| 2013 | 36.50% | 32.62% | 30.51% |
| 2012 | 36.09% | 32.96% | 30.14% |
| 2011 | 35.42% | 31.14% | 28.20% |
| 2010 | 34.65% | 31.35% | 31.39% |
| 2009 | 34.13% | 31.35% | 33.61% |
| 2007 | 32.80% | 29.28% | 31.39% |
| 2005 | 33.10% | 29.38% | 30.63% |
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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