Eaton County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Eaton County MI was $853 in 2019 according to the Census ACS survey.1 Average gross rent in Eaton County was $859 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 Eaton County median and average rent data will be released in September of 2021.
Data is also available below for Eaton County rental vacancy rates, Eaton County rent as a percent of median income and the fraction of renters in Eaton County.
Real Gross Rent in Eaton County Michigan (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Michigan Median Gross Rent | $888 | +1.25% | +3.62% |
| Eaton County MI Median Gross Rent | $853 | -2.96% | -0.81% |
Eaton County MI Real Gross Rent Trends
Median gross rent for Eaton County peaked in real terms in 2018 at $879 and is now $26 (2.96%) lower. Average gross rent for Eaton County peaked in real terms in 2006 at $868 and is now $9 (1.04%) lower.
Real Gross Rent: Eaton County MI Median, Eaton County MI Average, Michigan Median, US Median
Real Gross Rent History for Eaton County
| Date | US Median |
Michigan Median |
Eaton County MI Median |
Eaton County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $853 | $859 |
| 2018 | $1,077 | $877 | $879 | $854 |
| 2017 | $1,043 | $861 | $856 | $836 |
| 2016 | $1,027 | $857 | $860 | $849 |
| 2015 | $1,017 | $852 | $826 | $801 |
| 2014 | $986 | $832 | $827 | $828 |
| 2013 | $953 | $809 | $803 | $850 |
| 2012 | $940 | $796 | $789 | $848 |
| 2011 | $941 | $798 | $755 | $800 |
| 2010 | $955 | $816 | $822 | $863 |
| 2009 | $960 | $816 | $833 | $814 |
| 2007 | $927 | $802 | $766 | $789 |
| 2005 | $910 | $819 | $810 | $776 |
Eaton 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 Eaton County Michigan was 4.55% according to Census ACS data.
Rental Vacancy Rate in Eaton County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Eaton County MI | — | — | — |
Trends in Eaton County MI Rental Vacancy Rate
The rental vacancy rate in Eaton County peaked in 2005 at 11.48%. Since then it has fallen by 6.93% to 4.55%. Data records for this series originated in 2005. From a 2006 post peak low of 3.27%, the rental vacancy rate has increased by 1.28%.
Rental Vacancy Rate: Eaton County MI, Michigan, US
Historical Rental Vacancy Rate data for Eaton County
| Date | US | Michigan | Eaton County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | — |
| 2018 | 6.15% | 4.82% | — |
| 2017 | 6.18% | 4.87% | 4.55% |
| 2016 | 5.89% | 5.41% | — |
| 2015 | 5.85% | 5.19% | 7.60% |
| 2014 | 6.32% | 5.88% | 4.78% |
| 2013 | 6.49% | 6.04% | 5.03% |
| 2012 | 6.77% | 6.73% | 9.66% |
| 2011 | 7.40% | 7.72% | — |
| 2010 | 8.17% | 9.60% | — |
| 2009 | 8.43% | 9.48% | — |
| 2007 | 7.87% | 9.66% | — |
| 2005 | 7.74% | 10.09% | 11.48% |
Rent as a Fraction of Income
Using median household income data for Eaton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Eaton County, median monthly gross rent as a fraction of median household income was 15.65% in 2019 according to the ACS.
Eaton County Michigan Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Michigan | 17.88% | -0.34% | -0.82% |
| Eaton County MI | 15.65% | +0.24% | -1.88% |
Trends in Eaton County MI Rent as a Fraction of Income
The fraction of median Eaton County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 17.53%. Since then it has fallen by 1.88% to 15.65%.
Fraction of Income towards Rent: Eaton County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Eaton County Michigan
| Date | US | Michigan | Eaton County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 15.65% |
| 2018 | 20.50% | 18.22% | 15.41% |
| 2017 | 20.13% | 18.25% | 15.44% |
| 2016 | 20.43% | 18.70% | 17.53% |
| 2015 | 20.63% | 18.86% | 16.69% |
| 2014 | 20.89% | 18.97% | 16.46% |
| 2013 | 20.78% | 19.09% | 17.17% |
| 2012 | 20.65% | 19.16% | 16.13% |
| 2011 | 20.70% | 19.29% | 16.50% |
| 2010 | 20.50% | 19.29% | 16.97% |
| 2009 | 20.12% | 18.99% | 17.14% |
| 2007 | 18.66% | 17.09% | 15.53% |
| 2005 | 18.89% | 17.07% | 16.43% |
Renter Fraction in Eaton County Michigan
You can calculate the renter fraction in Eaton 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 Eaton County as a fraction of total Eaton County households. In 2019 29.46% of households were renters according to Census ACS data.
Eaton County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Michigan | 28.43% | -0.38% | -1.25% |
| Eaton County MI | 29.46% | +3.80% | -1.70% |
Trends in the Eaton County MI Renter Fraction
The Eaton County household renter fraction peaked in in 2016 at 31.16% and is now 1.70% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Eaton County MI, Michigan, US
History of Eaton County Renter Fraction
| Date | US | Michigan | Eaton County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 29.46% |
| 2018 | 36.05% | 28.81% | 25.66% |
| 2017 | 36.13% | 28.67% | 28.69% |
| 2016 | 36.88% | 29.68% | 31.16% |
| 2015 | 36.97% | 29.58% | 28.65% |
| 2014 | 36.90% | 29.76% | 28.89% |
| 2013 | 36.50% | 29.45% | 30.60% |
| 2012 | 36.09% | 28.94% | 26.35% |
| 2011 | 35.42% | 28.26% | 28.46% |
| 2010 | 34.65% | 27.25% | 27.21% |
| 2009 | 34.13% | 26.81% | 25.28% |
| 2007 | 32.80% | 25.17% | 23.82% |
| 2005 | 33.10% | 25.33% | 27.63% |
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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