Lenawee County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Lenawee County MI was $760 in 2019 according to the Census ACS survey.1 Average gross rent in Lenawee County was $738 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 Lenawee County median and average rent data will be released in September of 2021.
Data is also available below for Lenawee County rental vacancy rates, Lenawee County rent as a percent of median income and the fraction of renters in Lenawee County.
Real Gross Rent in Lenawee 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% |
| Lenawee County MI Median Gross Rent | $760 | -4.64% | -1.81% |
Lenawee County MI Real Gross Rent Trends
Median gross rent for Lenawee County peaked in real terms in 2018 at $797 and is now $37 (4.64%) lower. Average gross rent for Lenawee County peaked in real terms in 2018 at $826 and is now $88 (10.65%) lower.
Real Gross Rent: Lenawee County MI Median, Lenawee County MI Average, Michigan Median, US Median
Real Gross Rent History for Lenawee County
| Date | US Median |
Michigan Median |
Lenawee County MI Median |
Lenawee County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $760 | $738 |
| 2018 | $1,077 | $877 | $797 | $826 |
| 2017 | $1,043 | $861 | $743 | $760 |
| 2016 | $1,027 | $857 | $774 | $791 |
| 2015 | $1,017 | $852 | $787 | $786 |
| 2014 | $986 | $832 | $769 | $685 |
| 2013 | $953 | $809 | $792 | $792 |
| 2012 | $940 | $796 | $781 | $736 |
| 2011 | $941 | $798 | $715 | $688 |
| 2010 | $955 | $816 | $713 | $689 |
| 2009 | $960 | $816 | $735 | $713 |
| 2007 | $927 | $802 | $717 | $670 |
| 2005 | $910 | $819 | $714 | $679 |
Lenawee County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Lenawee County Michigan was 4.71% according to Census ACS data.
Rental Vacancy Rate in Lenawee County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Lenawee County MI | — | — | — |
Trends in Lenawee County MI Rental Vacancy Rate
The rental vacancy rate in Lenawee County peaked in 2006 at 9.11%. Since then it has fallen by 4.40% to 4.71%. Data records for this series originated in 2005. From a 2015 post peak low of 2.20%, the rental vacancy rate has increased by 2.51%.
Rental Vacancy Rate: Lenawee County MI, Michigan, US
Historical Rental Vacancy Rate data for Lenawee County
| Date | US | Michigan | Lenawee County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | — |
| 2018 | 6.15% | 4.82% | 4.71% |
| 2017 | 6.18% | 4.87% | — |
| 2016 | 5.89% | 5.41% | — |
| 2015 | 5.85% | 5.19% | 2.20% |
| 2014 | 6.32% | 5.88% | — |
| 2013 | 6.49% | 6.04% | 2.79% |
| 2012 | 6.77% | 6.73% | 6.57% |
| 2011 | 7.40% | 7.72% | — |
| 2010 | 8.17% | 9.60% | 7.28% |
| 2009 | 8.43% | 9.48% | 6.71% |
| 2007 | 7.87% | 9.66% | 5.04% |
| 2005 | 7.74% | 10.09% | — |
Rent as a Fraction of Income
Using median household income data for Lenawee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lenawee County, median monthly gross rent as a fraction of median household income was 16.93% in 2019 according to the ACS.
Lenawee 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% |
| Lenawee County MI | 16.93% | -0.04% | -0.15% |
Trends in Lenawee County MI Rent as a Fraction of Income
The fraction of median Lenawee County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 19.64%. Since then it has fallen by 2.71% to 16.93%.
Fraction of Income towards Rent: Lenawee County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Lenawee County Michigan
| Date | US | Michigan | Lenawee County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 16.93% |
| 2018 | 20.50% | 18.22% | 16.97% |
| 2017 | 20.13% | 18.25% | 15.31% |
| 2016 | 20.43% | 18.70% | 17.08% |
| 2015 | 20.63% | 18.86% | 18.44% |
| 2014 | 20.89% | 18.97% | 18.69% |
| 2013 | 20.78% | 19.09% | 19.64% |
| 2012 | 20.65% | 19.16% | 18.26% |
| 2011 | 20.70% | 19.29% | 17.85% |
| 2010 | 20.50% | 19.29% | 16.80% |
| 2009 | 20.12% | 18.99% | 16.96% |
| 2007 | 18.66% | 17.09% | 14.57% |
| 2005 | 18.89% | 17.07% | 14.19% |
Renter Fraction in Lenawee County Michigan
You can calculate the renter fraction in Lenawee 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 Lenawee County as a fraction of total Lenawee County households. In 2019 25.07% of households were renters according to Census ACS data.
Lenawee 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% |
| Lenawee County MI | 25.07% | +1.11% | +3.85% |
Trends in the Lenawee County MI Renter Fraction
The Lenawee County household renter fraction peaked in in 2014 at 25.84% and is now 0.77% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lenawee County MI, Michigan, US
History of Lenawee County Renter Fraction
| Date | US | Michigan | Lenawee County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 25.07% |
| 2018 | 36.05% | 28.81% | 23.96% |
| 2017 | 36.13% | 28.67% | 23.64% |
| 2016 | 36.88% | 29.68% | 21.22% |
| 2015 | 36.97% | 29.58% | 20.82% |
| 2014 | 36.90% | 29.76% | 25.84% |
| 2013 | 36.50% | 29.45% | 22.37% |
| 2012 | 36.09% | 28.94% | 24.91% |
| 2011 | 35.42% | 28.26% | 22.76% |
| 2010 | 34.65% | 27.25% | 19.01% |
| 2009 | 34.13% | 26.81% | 21.63% |
| 2007 | 32.80% | 25.17% | 15.41% |
| 2005 | 33.10% | 25.33% | 16.49% |
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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