Shiawassee County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Shiawassee County MI was $728 in 2019 according to the Census ACS survey.1 Average gross rent in Shiawassee County was $696 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 Shiawassee County median and average rent data will be released in September of 2021.
Data is also available below for Shiawassee County rental vacancy rates, Shiawassee County rent as a percent of median income and the fraction of renters in Shiawassee County.
Real Gross Rent in Shiawassee 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% |
| Shiawassee County MI Median Gross Rent | $728 | +4.60% | +0.41% |
Shiawassee County MI Real Gross Rent Trends
Median gross rent for Shiawassee County peaked in real terms in 2010 at $758 and is now $30 (3.96%) lower. From a recent low of 662.0 in 2012, real median gross rent has now increased by $66 (9.97%). Average gross rent for Shiawassee County peaked in real terms in 2016 at $736 and is now $40 (5.43%) lower.
Real Gross Rent: Shiawassee County MI Median, Shiawassee County MI Average, Michigan Median, US Median
Real Gross Rent History for Shiawassee County
| Date | US Median |
Michigan Median |
Shiawassee County MI Median |
Shiawassee County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $728 | $696 |
| 2018 | $1,077 | $877 | $696 | $690 |
| 2017 | $1,043 | $861 | $726 | $708 |
| 2016 | $1,027 | $857 | $725 | $736 |
| 2015 | $1,017 | $852 | $743 | $711 |
| 2014 | $986 | $832 | $740 | $720 |
| 2013 | $953 | $809 | $695 | $640 |
| 2012 | $940 | $796 | $662 | $643 |
| 2011 | $941 | $798 | $685 | $657 |
| 2010 | $955 | $816 | $758 | $672 |
| 2009 | $960 | $816 | $744 | $704 |
| 2007 | $927 | $802 | $690 | $638 |
| 2005 | $910 | $819 | $710 | $603 |
Shiawassee 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 Shiawassee County Michigan was 1.58% according to Census ACS data.
Rental Vacancy Rate in Shiawassee County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Shiawassee County MI | — | — | — |
Trends in Shiawassee County MI Rental Vacancy Rate
The rental vacancy rate in Shiawassee County peaked in 2006 at 10.87%. Since then it has fallen by 9.29% to 1.58%. Data records for this series originated in 2005.
Rental Vacancy Rate: Shiawassee County MI, Michigan, US
Historical Rental Vacancy Rate data for Shiawassee County
| Date | US | Michigan | Shiawassee County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | — |
| 2018 | 6.15% | 4.82% | 1.58% |
| 2017 | 6.18% | 4.87% | — |
| 2016 | 5.89% | 5.41% | — |
| 2015 | 5.85% | 5.19% | 10.86% |
| 2014 | 6.32% | 5.88% | — |
| 2013 | 6.49% | 6.04% | 8.63% |
| 2012 | 6.77% | 6.73% | 5.44% |
| 2011 | 7.40% | 7.72% | 4.19% |
| 2010 | 8.17% | 9.60% | — |
| 2009 | 8.43% | 9.48% | — |
| 2007 | 7.87% | 9.66% | 7.41% |
| 2005 | 7.74% | 10.09% | — |
Rent as a Fraction of Income
Using median household income data for Shiawassee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Shiawassee County, median monthly gross rent as a fraction of median household income was 15.81% in 2019 according to the ACS.
Shiawassee 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% |
| Shiawassee County MI | 15.81% | +0.74% | +0.22% |
Trends in Shiawassee County MI Rent as a Fraction of Income
The fraction of median Shiawassee County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.07%. Since then it has fallen by 3.26% to 15.81%. From a 2018 low of 15.07%, the fraction of income going to rent has increased by 0.74%.
Fraction of Income towards Rent: Shiawassee County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Shiawassee County Michigan
| Date | US | Michigan | Shiawassee County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 15.81% |
| 2018 | 20.50% | 18.22% | 15.07% |
| 2017 | 20.13% | 18.25% | 15.83% |
| 2016 | 20.43% | 18.70% | 15.60% |
| 2015 | 20.63% | 18.86% | 16.20% |
| 2014 | 20.89% | 18.97% | 17.34% |
| 2013 | 20.78% | 19.09% | 18.91% |
| 2012 | 20.65% | 19.16% | 18.11% |
| 2011 | 20.70% | 19.29% | 15.92% |
| 2010 | 20.50% | 19.29% | 17.49% |
| 2009 | 20.12% | 18.99% | 19.07% |
| 2007 | 18.66% | 17.09% | 16.33% |
| 2005 | 18.89% | 17.07% | 15.85% |
Renter Fraction in Shiawassee County Michigan
You can calculate the renter fraction in Shiawassee 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 Shiawassee County as a fraction of total Shiawassee County households. In 2019 25.13% of households were renters according to Census ACS data.
Shiawassee 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% |
| Shiawassee County MI | 25.13% | -2.23% | +1.25% |
Trends in the Shiawassee County MI Renter Fraction
The Shiawassee County household renter fraction peaked in in 2014 at 28.13% and is now 3.00% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Shiawassee County MI, Michigan, US
History of Shiawassee County Renter Fraction
| Date | US | Michigan | Shiawassee County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 25.13% |
| 2018 | 36.05% | 28.81% | 27.36% |
| 2017 | 36.13% | 28.67% | 24.66% |
| 2016 | 36.88% | 29.68% | 23.88% |
| 2015 | 36.97% | 29.58% | 23.24% |
| 2014 | 36.90% | 29.76% | 28.13% |
| 2013 | 36.50% | 29.45% | 25.10% |
| 2012 | 36.09% | 28.94% | 22.35% |
| 2011 | 35.42% | 28.26% | 25.57% |
| 2010 | 34.65% | 27.25% | 20.00% |
| 2009 | 34.13% | 26.81% | 24.14% |
| 2007 | 32.80% | 25.17% | 24.00% |
| 2005 | 33.10% | 25.33% | 19.66% |
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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