Aroostook County Maine Residential Rent and Rental Statistics
The median monthly gross residential rent in Aroostook County ME was $583 in 2019 according to the Census ACS survey.1 Average gross rent in Aroostook County was $542 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 Aroostook County median and average rent data will be released in September of 2021.
Data is also available below for Aroostook County rental vacancy rates, Aroostook County rent as a percent of median income and the fraction of renters in Aroostook County.
Real Gross Rent in Aroostook County Maine (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Maine Median Gross Rent | $870 | +1.87% | +4.19% |
| Aroostook County ME Median Gross Rent | $583 | +6.58% | +2.28% |
Aroostook County ME Real Gross Rent Trends
Median gross rent for Aroostook County peaked in real terms in 2012 at $611 and is now $28 (4.58%) lower. Average gross rent for Aroostook County peaked in real terms in 2015 at $565 and is now $23 (4.07%) lower.
Real Gross Rent: Aroostook County ME Median, Aroostook County ME Average, Maine Median, US Median
Real Gross Rent History for Aroostook County
| Date | US Median |
Maine Median |
Aroostook County ME Median |
Aroostook County ME Average |
|---|---|---|---|---|
| 2019 | $1,097 | $870 | $583 | $542 |
| 2018 | $1,077 | $854 | $547 | $532 |
| 2017 | $1,043 | $831 | $531 | $516 |
| 2016 | $1,027 | $835 | $570 | $511 |
| 2015 | $1,017 | $840 | $570 | $565 |
| 2014 | $986 | $819 | $558 | $508 |
| 2013 | $953 | $800 | $591 | $544 |
| 2012 | $940 | $791 | $611 | $561 |
| 2011 | $941 | $807 | $532 | $496 |
| 2010 | $955 | $790 | $570 | $513 |
| 2009 | $960 | $823 | $590 | $521 |
| 2007 | $927 | $764 | $540 | $462 |
| 2005 | $910 | $779 | $530 | $518 |
Aroostook 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 Aroostook County Maine was 1.78% according to Census ACS data.
Rental Vacancy Rate in Aroostook County Maine
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maine | 4.95% | -0.33% | -1.79% |
| Aroostook County ME | 1.78% | -3.00% | -9.07% |
Trends in Aroostook County ME Rental Vacancy Rate
The rental vacancy rate in Aroostook County peaked in 2017 at 16.91%. Since then it has fallen by 15.13% to 1.78%. Data records for this series originated in 2005.
Rental Vacancy Rate: Aroostook County ME, Maine, US
Historical Rental Vacancy Rate data for Aroostook County
| Date | US | Maine | Aroostook County ME |
|---|---|---|---|
| 2019 | 5.97% | 4.95% | 1.78% |
| 2018 | 6.15% | 5.28% | 4.78% |
| 2017 | 6.18% | 8.41% | 16.91% |
| 2016 | 5.89% | 6.74% | 10.85% |
| 2015 | 5.85% | 5.29% | 12.13% |
| 2014 | 6.32% | 7.07% | 8.65% |
| 2013 | 6.49% | 7.17% | 7.81% |
| 2012 | 6.77% | 6.25% | 6.71% |
| 2011 | 7.40% | 7.67% | 9.61% |
| 2010 | 8.17% | 8.75% | 11.08% |
| 2009 | 8.43% | 7.36% | 11.10% |
| 2007 | 7.87% | 8.13% | 9.53% |
| 2005 | 7.74% | 7.41% | 9.74% |
Rent as a Fraction of Income
Using median household income data for Aroostook County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Aroostook County, median monthly gross rent as a fraction of median household income was 18.05% in 2019 according to the ACS.
Aroostook County Maine Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Maine | 17.72% | -0.39% | -0.30% |
| Aroostook County ME | 18.05% | +1.19% | +1.50% |
Trends in Aroostook County ME Rent as a Fraction of Income
The fraction of median Aroostook County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.28%. Since then it has fallen by 0.24% to 18.05%. From a 2017 low of 14.37%, the fraction of income going to rent has increased by 3.68%.
Fraction of Income towards Rent: Aroostook County ME, Maine, US
Historical Data for Annual Rent as a Fraction of Income in Aroostook County Maine
| Date | US | Maine | Aroostook County ME |
|---|---|---|---|
| 2019 | 20.03% | 17.72% | 18.05% |
| 2018 | 20.50% | 18.11% | 16.85% |
| 2017 | 20.13% | 17.19% | 14.37% |
| 2016 | 20.43% | 18.02% | 16.55% |
| 2015 | 20.63% | 18.46% | 17.61% |
| 2014 | 20.89% | 18.83% | 17.91% |
| 2013 | 20.78% | 19.41% | 18.28% |
| 2012 | 20.65% | 19.11% | 17.91% |
| 2011 | 20.70% | 19.47% | 16.83% |
| 2010 | 20.50% | 18.52% | 16.81% |
| 2009 | 20.12% | 18.94% | 17.96% |
| 2007 | 18.66% | 17.00% | 15.57% |
| 2005 | 18.89% | 17.47% | 15.83% |
Renter Fraction in Aroostook County Maine
You can calculate the renter fraction in Aroostook 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 Aroostook County as a fraction of total Aroostook County households. In 2019 26.60% of households were renters according to Census ACS data.
Aroostook County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Maine | 27.81% | -0.96% | -0.32% |
| Aroostook County ME | 26.60% | -2.52% | +0.46% |
Trends in the Aroostook County ME Renter Fraction
The Aroostook County household renter fraction peaked in in 2011 at 30.57% and is now 3.97% below that level. From a recent low of 25.30% in 2012, the household based renter fraction has now grown by 1.30%. The origin year for the series is 2005.
Fraction of Renting Households: Aroostook County ME, Maine, US
History of Aroostook County Renter Fraction
| Date | US | Maine | Aroostook County ME |
|---|---|---|---|
| 2019 | 35.89% | 27.81% | 26.60% |
| 2018 | 36.05% | 28.77% | 29.12% |
| 2017 | 36.13% | 26.83% | 27.43% |
| 2016 | 36.88% | 28.13% | 26.14% |
| 2015 | 36.97% | 29.00% | 29.87% |
| 2014 | 36.90% | 28.68% | 29.63% |
| 2013 | 36.50% | 29.84% | 29.67% |
| 2012 | 36.09% | 28.59% | 25.30% |
| 2011 | 35.42% | 29.05% | 30.57% |
| 2010 | 34.65% | 27.32% | 27.96% |
| 2009 | 34.13% | 27.26% | 28.74% |
| 2007 | 32.80% | 26.05% | 27.06% |
| 2005 | 33.10% | 28.21% | 27.14% |
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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