Marquette County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Marquette County MI was $777 in 2019 according to the Census ACS survey.1 Average gross rent in Marquette County was $759 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 Marquette County median and average rent data will be released in September of 2021.
Data is also available below for Marquette County rental vacancy rates, Marquette County rent as a percent of median income and the fraction of renters in Marquette County.
Real Gross Rent in Marquette 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% |
| Marquette County MI Median Gross Rent | $777 | -2.63% | +6.58% |
Marquette County MI Real Gross Rent Trends
Median gross rent for Marquette County peaked in real terms in 2018 at $798 and is now $21 (2.63%) lower. Average gross rent for Marquette County peaked in real terms in 2016 at $807 and is now $48 (5.95%) lower.
Real Gross Rent: Marquette County MI Median, Marquette County MI Average, Michigan Median, US Median
Real Gross Rent History for Marquette County
| Date | US Median |
Michigan Median |
Marquette County MI Median |
Marquette County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $777 | $759 |
| 2018 | $1,077 | $877 | $798 | $765 |
| 2017 | $1,043 | $861 | $706 | $758 |
| 2016 | $1,027 | $857 | $729 | $807 |
| 2015 | $1,017 | $852 | $715 | $711 |
| 2014 | $986 | $832 | $628 | $686 |
| 2013 | $953 | $809 | $640 | $624 |
| 2012 | $940 | $796 | $632 | $618 |
| 2011 | $941 | $798 | $649 | $640 |
| 2010 | $955 | $816 | $622 | $593 |
| 2009 | $960 | $816 | $623 | $604 |
| 2007 | $927 | $802 | $565 | $558 |
| 2005 | $910 | $819 | — | — |
Marquette 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 Marquette County Michigan was 6.05% according to Census ACS data.
Rental Vacancy Rate in Marquette County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Marquette County MI | 6.05% | +2.56% | +1.90% |
Trends in Marquette County MI Rental Vacancy Rate
The rental vacancy rate in Marquette County peaked in 2008 at 24.04%. Since then it has fallen by 17.99% to 6.05%. Data records for this series originated in 2007. From a 2018 post peak low of 3.49%, the rental vacancy rate has increased by 2.56%.
Rental Vacancy Rate: Marquette County MI, Michigan, US
Historical Rental Vacancy Rate data for Marquette County
| Date | US | Michigan | Marquette County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 6.05% |
| 2018 | 6.15% | 4.82% | 3.49% |
| 2017 | 6.18% | 4.87% | 8.11% |
| 2016 | 5.89% | 5.41% | 4.15% |
| 2015 | 5.85% | 5.19% | 9.73% |
| 2014 | 6.32% | 5.88% | 4.84% |
| 2013 | 6.49% | 6.04% | 9.82% |
| 2012 | 6.77% | 6.73% | 4.46% |
| 2011 | 7.40% | 7.72% | 7.29% |
| 2010 | 8.17% | 9.60% | 10.07% |
| 2009 | 8.43% | 9.48% | 8.86% |
| 2007 | 7.87% | 9.66% | 17.61% |
| 2005 | 7.74% | 10.09% | — |
Rent as a Fraction of Income
Using median household income data for Marquette County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Marquette County, median monthly gross rent as a fraction of median household income was 16.91% in 2019 according to the ACS.
Marquette 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% |
| Marquette County MI | 16.91% | -0.27% | +0.62% |
Trends in Marquette County MI Rent as a Fraction of Income
The fraction of median Marquette County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2007 series origin) at 17.53%. Since then it has fallen by 0.63% to 16.91%.
Fraction of Income towards Rent: Marquette County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Marquette County Michigan
| Date | US | Michigan | Marquette County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 16.91% |
| 2018 | 20.50% | 18.22% | 17.17% |
| 2017 | 20.13% | 18.25% | 16.77% |
| 2016 | 20.43% | 18.70% | 16.29% |
| 2015 | 20.63% | 18.86% | 16.76% |
| 2014 | 20.89% | 18.97% | 16.13% |
| 2013 | 20.78% | 19.09% | 16.21% |
| 2012 | 20.65% | 19.16% | 15.79% |
| 2011 | 20.70% | 19.29% | 17.53% |
| 2010 | 20.50% | 19.29% | 14.96% |
| 2009 | 20.12% | 18.99% | 15.90% |
| 2007 | 18.66% | 17.09% | 12.20% |
| 2005 | 18.89% | 17.07% | — |
Renter Fraction in Marquette County Michigan
You can calculate the renter fraction in Marquette 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 Marquette County as a fraction of total Marquette County households. In 2019 28.02% of households were renters according to Census ACS data.
Marquette 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% |
| Marquette County MI | 28.02% | -3.20% | +1.55% |
Trends in the Marquette County MI Renter Fraction
The Marquette County household renter fraction peaked in in 2011 at 33.62% and is now 5.60% below that level. The origin year for the series is 2007.
Fraction of Renting Households: Marquette County MI, Michigan, US
History of Marquette County Renter Fraction
| Date | US | Michigan | Marquette County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 28.02% |
| 2018 | 36.05% | 28.81% | 31.22% |
| 2017 | 36.13% | 28.67% | 31.41% |
| 2016 | 36.88% | 29.68% | 26.47% |
| 2015 | 36.97% | 29.58% | 30.80% |
| 2014 | 36.90% | 29.76% | 33.18% |
| 2013 | 36.50% | 29.45% | 28.71% |
| 2012 | 36.09% | 28.94% | 30.03% |
| 2011 | 35.42% | 28.26% | 33.62% |
| 2010 | 34.65% | 27.25% | 26.35% |
| 2009 | 34.13% | 26.81% | 33.25% |
| 2007 | 32.80% | 25.17% | 26.86% |
| 2005 | 33.10% | 25.33% | — |
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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