Ingham County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Ingham County MI was $872 in 2019 according to the Census ACS survey.1 Average gross rent in Ingham County was $917 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 Ingham County median and average rent data will be released in September of 2021.
Data is also available below for Ingham County rental vacancy rates, Ingham County rent as a percent of median income and the fraction of renters in Ingham County.
Real Gross Rent in Ingham 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% |
| Ingham County MI Median Gross Rent | $872 | -1.36% | -0.11% |
Ingham County MI Real Gross Rent Trends
Median gross rent for Ingham County peaked in real terms in 2018 at $884 and is now $12 (1.36%) lower. Average gross rent for Ingham County peaked in real terms in 2017 at $937 and is now $20 (2.13%) lower.
Real Gross Rent: Ingham County MI Median, Ingham County MI Average, Michigan Median, US Median
Real Gross Rent History for Ingham County
| Date | US Median |
Michigan Median |
Ingham County MI Median |
Ingham County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $872 | $917 |
| 2018 | $1,077 | $877 | $884 | $931 |
| 2017 | $1,043 | $861 | $881 | $937 |
| 2016 | $1,027 | $857 | $873 | $903 |
| 2015 | $1,017 | $852 | $838 | $880 |
| 2014 | $986 | $832 | $834 | $883 |
| 2013 | $953 | $809 | $838 | $858 |
| 2012 | $940 | $796 | $789 | $835 |
| 2011 | $941 | $798 | $782 | $818 |
| 2010 | $955 | $816 | $856 | $882 |
| 2009 | $960 | $816 | $805 | $831 |
| 2007 | $927 | $802 | $802 | $856 |
| 2005 | $910 | $819 | $813 | $878 |
Ingham 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 Ingham County Michigan was 4.86% according to Census ACS data.
Rental Vacancy Rate in Ingham County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Ingham County MI | 4.86% | -0.78% | -2.36% |
Trends in Ingham County MI Rental Vacancy Rate
The rental vacancy rate in Ingham County peaked in 2005 at 12.07%. Since then it has fallen by 7.21% to 4.86%. Data records for this series originated in 2005. From a 2015 post peak low of 3.33%, the rental vacancy rate has increased by 1.53%.
Rental Vacancy Rate: Ingham County MI, Michigan, US
Historical Rental Vacancy Rate data for Ingham County
| Date | US | Michigan | Ingham County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 4.86% |
| 2018 | 6.15% | 4.82% | 5.64% |
| 2017 | 6.18% | 4.87% | 3.66% |
| 2016 | 5.89% | 5.41% | 7.22% |
| 2015 | 5.85% | 5.19% | 3.33% |
| 2014 | 6.32% | 5.88% | 7.20% |
| 2013 | 6.49% | 6.04% | 5.72% |
| 2012 | 6.77% | 6.73% | 7.51% |
| 2011 | 7.40% | 7.72% | 7.39% |
| 2010 | 8.17% | 9.60% | 8.68% |
| 2009 | 8.43% | 9.48% | 6.34% |
| 2007 | 7.87% | 9.66% | 7.24% |
| 2005 | 7.74% | 10.09% | 12.07% |
Rent as a Fraction of Income
Using median household income data for Ingham County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ingham County, median monthly gross rent as a fraction of median household income was 19.24% in 2019 according to the ACS.
Ingham 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% |
| Ingham County MI | 19.24% | -0.53% | -1.13% |
Trends in Ingham County MI Rent as a Fraction of Income
The fraction of median Ingham County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.43%. Since then it has fallen by 2.19% to 19.24%.
Fraction of Income towards Rent: Ingham County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Ingham County Michigan
| Date | US | Michigan | Ingham County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 19.24% |
| 2018 | 20.50% | 18.22% | 19.77% |
| 2017 | 20.13% | 18.25% | 20.14% |
| 2016 | 20.43% | 18.70% | 20.37% |
| 2015 | 20.63% | 18.86% | 20.14% |
| 2014 | 20.89% | 18.97% | 20.78% |
| 2013 | 20.78% | 19.09% | 21.43% |
| 2012 | 20.65% | 19.16% | 20.55% |
| 2011 | 20.70% | 19.29% | 20.66% |
| 2010 | 20.50% | 19.29% | 21.29% |
| 2009 | 20.12% | 18.99% | 19.95% |
| 2007 | 18.66% | 17.09% | 18.13% |
| 2005 | 18.89% | 17.07% | 18.35% |
Renter Fraction in Ingham County Michigan
You can calculate the renter fraction in Ingham 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 Ingham County as a fraction of total Ingham County households. In 2019 39.95% of households were renters according to Census ACS data.
Ingham 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% |
| Ingham County MI | 39.95% | -1.94% | -1.76% |
Trends in the Ingham County MI Renter Fraction
The Ingham County household renter fraction peaked in in 2013 at 43.48% and is now 3.53% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Ingham County MI, Michigan, US
History of Ingham County Renter Fraction
| Date | US | Michigan | Ingham County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 39.95% |
| 2018 | 36.05% | 28.81% | 41.89% |
| 2017 | 36.13% | 28.67% | 42.17% |
| 2016 | 36.88% | 29.68% | 41.71% |
| 2015 | 36.97% | 29.58% | 42.20% |
| 2014 | 36.90% | 29.76% | 41.89% |
| 2013 | 36.50% | 29.45% | 43.48% |
| 2012 | 36.09% | 28.94% | 42.48% |
| 2011 | 35.42% | 28.26% | 42.67% |
| 2010 | 34.65% | 27.25% | 38.97% |
| 2009 | 34.13% | 26.81% | 39.23% |
| 2007 | 32.80% | 25.17% | 36.83% |
| 2005 | 33.10% | 25.33% | 36.28% |
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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