Warren County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Warren County KY was $778 in 2019 according to the Census ACS survey.1 Average gross rent in Warren County was $767 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 Warren County median and average rent data will be released in September of 2021.
Data is also available below for Warren County rental vacancy rates, Warren County rent as a percent of median income and the fraction of renters in Warren County.
Real Gross Rent in Warren 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% |
| Warren County KY Median Gross Rent | $778 | -7.27% | +7.16% |
Warren County KY Real Gross Rent Trends
Median gross rent for Warren County peaked in real terms in 2018 at $839 and is now $61 (7.27%) lower. Average gross rent for Warren County peaked in real terms in 2017 at $810 and is now $43 (5.31%) lower.
Real Gross Rent: Warren County KY Median, Warren County KY Average, Kentucky Median, US Median
Real Gross Rent History for Warren County
| Date | US Median |
Kentucky Median |
Warren County KY Median |
Warren County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $778 | $767 |
| 2018 | $1,077 | $793 | $839 | $799 |
| 2017 | $1,043 | $747 | $806 | $810 |
| 2016 | $1,027 | $740 | $726 | $729 |
| 2015 | $1,017 | $745 | $764 | $775 |
| 2014 | $986 | $716 | $743 | $777 |
| 2013 | $953 | $703 | $723 | $708 |
| 2012 | $940 | $677 | $686 | $676 |
| 2011 | $941 | $676 | $688 | $723 |
| 2010 | $955 | $685 | $698 | $720 |
| 2009 | $960 | $699 | $698 | $676 |
| 2007 | $927 | $661 | $720 | $668 |
| 2005 | $910 | $659 | $678 | $673 |
Warren County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Warren County Kentucky was 2.06% according to Census ACS data.
Rental Vacancy Rate in Warren County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Warren County KY | — | — | — |
Trends in Warren County KY Rental Vacancy Rate
The rental vacancy rate in Warren County peaked in 2009 at 9.56%. Since then it has fallen by 7.50% to 2.06%. Data records for this series originated in 2005.
Rental Vacancy Rate: Warren County KY, Kentucky, US
Historical Rental Vacancy Rate data for Warren County
| Date | US | Kentucky | Warren 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% | — |
| 2014 | 6.32% | 6.23% | — |
| 2013 | 6.49% | 6.72% | — |
| 2012 | 6.77% | 5.52% | 2.06% |
| 2011 | 7.40% | 7.90% | 7.88% |
| 2010 | 8.17% | 7.53% | — |
| 2009 | 8.43% | 9.83% | 9.56% |
| 2007 | 7.87% | 9.86% | — |
| 2005 | 7.74% | 7.99% | — |
Rent as a Fraction of Income
Using median household income data for Warren County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Warren County, median monthly gross rent as a fraction of median household income was 17.73% in 2019 according to the ACS.
Warren 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% |
| Warren County KY | 17.73% | -0.71% | -0.08% |
Trends in Warren County KY Rent as a Fraction of Income
The fraction of median Warren County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.99%. Since then it has fallen by 2.25% to 17.73%.
Fraction of Income towards Rent: Warren County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Warren County Kentucky
| Date | US | Kentucky | Warren County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 17.73% |
| 2018 | 20.50% | 18.60% | 18.45% |
| 2017 | 20.13% | 17.96% | 19.17% |
| 2016 | 20.43% | 18.18% | 17.81% |
| 2015 | 20.63% | 18.63% | 19.34% |
| 2014 | 20.89% | 18.94% | 16.65% |
| 2013 | 20.78% | 18.47% | 16.90% |
| 2012 | 20.65% | 18.29% | 18.65% |
| 2011 | 20.70% | 18.26% | 19.99% |
| 2010 | 20.50% | 18.36% | 19.38% |
| 2009 | 20.12% | 18.36% | 16.85% |
| 2007 | 18.66% | 16.78% | 17.80% |
| 2005 | 18.89% | 16.92% | 15.85% |
Renter Fraction in Warren County Kentucky
You can calculate the renter fraction in Warren 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 Warren County as a fraction of total Warren County households. In 2019 43.01% of households were renters according to Census ACS data.
Warren 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% |
| Warren County KY | 43.01% | +2.22% | +1.18% |
Trends in the Warren County KY Renter Fraction
The Warren County household renter fraction peaked in in 2012 at 45.26% and is now 2.25% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Warren County KY, Kentucky, US
History of Warren County Renter Fraction
| Date | US | Kentucky | Warren County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 43.01% |
| 2018 | 36.05% | 32.61% | 40.79% |
| 2017 | 36.13% | 33.53% | 43.37% |
| 2016 | 36.88% | 33.16% | 41.83% |
| 2015 | 36.97% | 33.67% | 42.91% |
| 2014 | 36.90% | 33.93% | 42.63% |
| 2013 | 36.50% | 32.62% | 38.15% |
| 2012 | 36.09% | 32.96% | 45.26% |
| 2011 | 35.42% | 31.14% | 39.39% |
| 2010 | 34.65% | 31.35% | 41.68% |
| 2009 | 34.13% | 31.35% | 37.49% |
| 2007 | 32.80% | 29.28% | 35.55% |
| 2005 | 33.10% | 29.38% | 37.39% |
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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