Kenton County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Kenton County KY was $792 in 2019 according to the Census ACS survey.1 Average gross rent in Kenton County was $846 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 Kenton County median and average rent data will be released in September of 2021.
Data is also available below for Kenton County rental vacancy rates, Kenton County rent as a percent of median income and the fraction of renters in Kenton County.
Real Gross Rent in Kenton 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% |
| Kenton County KY Median Gross Rent | $792 | -11.61% | -1.12% |
Kenton County KY Real Gross Rent Trends
Median gross rent for Kenton County peaked in real terms in 2018 at $896 and is now $104 (11.61%) lower. Average gross rent for Kenton County peaked in real terms in 2018 at $916 and is now $70 (7.64%) lower.
Real Gross Rent: Kenton County KY Median, Kenton County KY Average, Kentucky Median, US Median
Real Gross Rent History for Kenton County
| Date | US Median |
Kentucky Median |
Kenton County KY Median |
Kenton County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $792 | $846 |
| 2018 | $1,077 | $793 | $896 | $916 |
| 2017 | $1,043 | $747 | $759 | $771 |
| 2016 | $1,027 | $740 | $801 | $784 |
| 2015 | $1,017 | $745 | $827 | $818 |
| 2014 | $986 | $716 | $784 | $796 |
| 2013 | $953 | $703 | $765 | $756 |
| 2012 | $940 | $677 | $741 | $780 |
| 2011 | $941 | $676 | $771 | $783 |
| 2010 | $955 | $685 | $779 | $798 |
| 2009 | $960 | $699 | $762 | $784 |
| 2007 | $927 | $661 | $732 | $741 |
| 2005 | $910 | $659 | $726 | $690 |
Kenton 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 Kenton County Kentucky was 3.02% according to Census ACS data.
Rental Vacancy Rate in Kenton County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Kenton County KY | — | — | — |
Trends in Kenton County KY Rental Vacancy Rate
The rental vacancy rate in Kenton County peaked in 2007 at 13.74%. Since then it has fallen by 10.72% to 3.02%. Data records for this series originated in 2005.
Rental Vacancy Rate: Kenton County KY, Kentucky, US
Historical Rental Vacancy Rate data for Kenton County
| Date | US | Kentucky | Kenton County KY |
|---|---|---|---|
| 2019 | 5.97% | 6.36% | — |
| 2018 | 6.15% | 6.18% | — |
| 2017 | 6.18% | 5.49% | 3.02% |
| 2016 | 5.89% | 5.82% | 4.21% |
| 2015 | 5.85% | 6.01% | — |
| 2014 | 6.32% | 6.23% | 6.74% |
| 2013 | 6.49% | 6.72% | 11.41% |
| 2012 | 6.77% | 5.52% | 5.99% |
| 2011 | 7.40% | 7.90% | 8.33% |
| 2010 | 8.17% | 7.53% | 9.04% |
| 2009 | 8.43% | 9.83% | — |
| 2007 | 7.87% | 9.86% | 13.74% |
| 2005 | 7.74% | 7.99% | 12.64% |
Rent as a Fraction of Income
Using median household income data for Kenton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kenton County, median monthly gross rent as a fraction of median household income was 13.80% in 2019 according to the ACS.
Kenton 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% |
| Kenton County KY | 13.80% | -2.58% | -0.96% |
Trends in Kenton County KY Rent as a Fraction of Income
The fraction of median Kenton County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 17.99%. Since then it has fallen by 4.18% to 13.80%.
Fraction of Income towards Rent: Kenton County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Kenton County Kentucky
| Date | US | Kentucky | Kenton County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 13.80% |
| 2018 | 20.50% | 18.60% | 16.39% |
| 2017 | 20.13% | 17.96% | 15.07% |
| 2016 | 20.43% | 18.18% | 14.76% |
| 2015 | 20.63% | 18.63% | 17.99% |
| 2014 | 20.89% | 18.94% | 16.42% |
| 2013 | 20.78% | 18.47% | 16.21% |
| 2012 | 20.65% | 18.29% | 15.62% |
| 2011 | 20.70% | 18.26% | 17.36% |
| 2010 | 20.50% | 18.36% | 16.44% |
| 2009 | 20.12% | 18.36% | 15.85% |
| 2007 | 18.66% | 16.78% | 14.85% |
| 2005 | 18.89% | 16.92% | 14.34% |
Renter Fraction in Kenton County Kentucky
You can calculate the renter fraction in Kenton 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 Kenton County as a fraction of total Kenton County households. In 2019 33.82% of households were renters according to Census ACS data.
Kenton 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% |
| Kenton County KY | 33.82% | -0.09% | +1.01% |
Trends in the Kenton County KY Renter Fraction
The Kenton County household renter fraction peaked in in 2015 at 37.64% and is now 3.82% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kenton County KY, Kentucky, US
History of Kenton County Renter Fraction
| Date | US | Kentucky | Kenton County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 33.82% |
| 2018 | 36.05% | 32.61% | 33.91% |
| 2017 | 36.13% | 33.53% | 36.12% |
| 2016 | 36.88% | 33.16% | 32.81% |
| 2015 | 36.97% | 33.67% | 37.64% |
| 2014 | 36.90% | 33.93% | 36.18% |
| 2013 | 36.50% | 32.62% | 33.78% |
| 2012 | 36.09% | 32.96% | 34.59% |
| 2011 | 35.42% | 31.14% | 32.56% |
| 2010 | 34.65% | 31.35% | 31.27% |
| 2009 | 34.13% | 31.35% | 30.96% |
| 2007 | 32.80% | 29.28% | 31.51% |
| 2005 | 33.10% | 29.38% | 28.22% |
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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