Forrest County Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Forrest County MS was $853 in 2019 according to the Census ACS survey.1 Average gross rent in Forrest County was $824 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 Forrest County median and average rent data will be released in September of 2021.
Data is also available below for Forrest County rental vacancy rates, Forrest County rent as a percent of median income and the fraction of renters in Forrest County.
Real Gross Rent in Forrest County Mississippi (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Mississippi Median Gross Rent | $777 | -1.77% | +1.97% |
| Forrest County MS Median Gross Rent | $853 | +3.65% | +14.04% |
Forrest County MS Real Gross Rent Trends
At $853, real median gross rent in Forrest County was at its highest level in 2019 since the series began in 2005. At $824, real average gross rent in Forrest County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Forrest County MS Median, Forrest County MS Average, Mississippi Median, US Median
Real Gross Rent History for Forrest County
| Date | US Median |
Mississippi Median |
Forrest County MS Median |
Forrest County MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $853 | $824 |
| 2018 | $1,077 | $791 | $823 | $771 |
| 2017 | $1,043 | $765 | $771 | $758 |
| 2016 | $1,027 | $762 | $748 | $766 |
| 2015 | $1,017 | $768 | $739 | $752 |
| 2014 | $986 | $751 | $782 | $726 |
| 2013 | $953 | $746 | $756 | $692 |
| 2012 | $940 | $708 | $717 | $724 |
| 2011 | $941 | $744 | $720 | $739 |
| 2010 | $955 | $751 | $735 | $685 |
| 2009 | $960 | $734 | $712 | $653 |
| 2007 | $927 | $715 | $733 | $705 |
| 2005 | $910 | $673 | $678 | $640 |
Forrest County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Forrest County Mississippi was 10.08% according to Census ACS data.
Rental Vacancy Rate in Forrest County Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Forrest County MS | — | — | — |
Trends in Forrest County MS Rental Vacancy Rate
The rental vacancy rate in Forrest County peaked in 2011 at 11.81%. Since then it has fallen by 1.73% to 10.08%. Data records for this series originated in 2005.
Rental Vacancy Rate: Forrest County MS, Mississippi, US
Historical Rental Vacancy Rate data for Forrest County
| Date | US | Mississippi | Forrest County MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | — |
| 2018 | 6.15% | 10.48% | — |
| 2017 | 6.18% | 10.71% | — |
| 2016 | 5.89% | 8.63% | — |
| 2015 | 5.85% | 8.89% | — |
| 2014 | 6.32% | 9.10% | 10.08% |
| 2013 | 6.49% | 8.71% | — |
| 2012 | 6.77% | 10.91% | — |
| 2011 | 7.40% | 13.13% | 11.81% |
| 2010 | 8.17% | 12.60% | — |
| 2009 | 8.43% | 11.34% | — |
| 2007 | 7.87% | 10.16% | 5.27% |
| 2005 | 7.74% | 8.56% | — |
Rent as a Fraction of Income
Using median household income data for Forrest County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Forrest County, median monthly gross rent as a fraction of median household income was 26.20% in 2019 according to the ACS.
Forrest County Mississippi Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Mississippi | 20.36% | -0.49% | -0.56% |
| Forrest County MS | 26.20% | +1.24% | +3.22% |
Trends in Forrest County MS Rent as a Fraction of Income
Forrest County renters paid 26.20% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Forrest County MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Forrest County Mississippi
| Date | US | Mississippi | Forrest County MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 26.20% |
| 2018 | 20.50% | 20.85% | 24.97% |
| 2017 | 20.13% | 20.46% | 21.18% |
| 2016 | 20.43% | 20.92% | 22.99% |
| 2015 | 20.63% | 21.40% | 24.76% |
| 2014 | 20.89% | 21.50% | 22.86% |
| 2013 | 20.78% | 22.38% | 24.32% |
| 2012 | 20.65% | 21.54% | 25.61% |
| 2011 | 20.70% | 22.39% | 22.84% |
| 2010 | 20.50% | 21.88% | 25.21% |
| 2009 | 20.12% | 21.09% | 20.17% |
| 2007 | 18.66% | 20.11% | 23.09% |
| 2005 | 18.89% | 19.60% | 22.01% |
Renter Fraction in Forrest County Mississippi
You can calculate the renter fraction in Forrest 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 Forrest County as a fraction of total Forrest County households. In 2019 47.74% of households were renters according to Census ACS data.
Forrest County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Mississippi | 32.68% | +0.89% | -0.05% |
| Forrest County MS | 47.74% | +1.67% | +2.95% |
Trends in the Forrest County MS Renter Fraction
The Forrest County household renter fraction peaked in in 2015 at 50.27% and is now 2.53% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Forrest County MS, Mississippi, US
History of Forrest County Renter Fraction
| Date | US | Mississippi | Forrest County MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 47.74% |
| 2018 | 36.05% | 31.79% | 46.07% |
| 2017 | 36.13% | 31.50% | 44.34% |
| 2016 | 36.88% | 32.73% | 44.79% |
| 2015 | 36.97% | 32.61% | 50.27% |
| 2014 | 36.90% | 32.33% | 44.11% |
| 2013 | 36.50% | 32.80% | 45.40% |
| 2012 | 36.09% | 31.81% | 44.55% |
| 2011 | 35.42% | 30.19% | 47.63% |
| 2010 | 34.65% | 30.24% | 42.22% |
| 2009 | 34.13% | 30.51% | 43.94% |
| 2007 | 32.80% | 28.71% | 41.69% |
| 2005 | 33.10% | 30.13% | 43.31% |
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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