Lewis And Clark County Montana Residential Rent and Rental Statistics
The median monthly gross residential rent in Lewis And Clark County MT was $848 in 2019 according to the Census ACS survey.1 Average gross rent in Lewis And Clark County was $787 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 Lewis And Clark County median and average rent data will be released in September of 2021.
Data is also available below for Lewis And Clark County rental vacancy rates, Lewis And Clark County rent as a percent of median income and the fraction of renters in Lewis And Clark County.
Real Gross Rent in Lewis And Clark County Montana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Montana Median Gross Rent | $831 | +0.61% | +7.09% |
| Lewis And Clark County MT Median Gross Rent | $848 | +1.56% | +0.83% |
Lewis And Clark County MT Real Gross Rent Trends
Median gross rent for Lewis And Clark County peaked in real terms in 2015 at $897 and is now $49 (5.46%) lower. Average gross rent for Lewis And Clark County peaked in real terms in 2018 at $906 and is now $119 (13.13%) lower.
Real Gross Rent: Lewis And Clark County MT Median, Lewis And Clark County MT Average, Montana Median, US Median
Real Gross Rent History for Lewis And Clark County
| Date | US Median |
Montana Median |
Lewis And Clark County MT Median |
Lewis And Clark County MT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $831 | $848 | $787 |
| 2018 | $1,077 | $826 | $835 | $906 |
| 2017 | $1,043 | $783 | $802 | $848 |
| 2016 | $1,027 | $776 | $841 | $748 |
| 2015 | $1,017 | $809 | $897 | $878 |
| 2014 | $986 | $751 | $777 | $849 |
| 2013 | $953 | $727 | $834 | $837 |
| 2012 | $940 | $724 | — | — |
| 2011 | $941 | $702 | — | — |
| 2010 | $955 | $717 | — | — |
| 2009 | $960 | $715 | — | — |
| 2007 | $927 | $680 | — | — |
| 2005 | $910 | $690 | — | — |
Historical Rental Vacancy Rate data for Lewis And Clark County
| Date | US | Montana | Lewis And Clark County MT |
|---|---|---|---|
| 2019 | 5.97% | 7.08% | — |
| 2018 | 6.15% | 7.44% | — |
| 2017 | 6.18% | 6.15% | 5.54% |
| 2016 | 5.89% | 6.18% | — |
| 2015 | 5.85% | 5.44% | — |
| 2014 | 6.32% | 6.13% | — |
| 2013 | 6.49% | 5.47% | — |
| 2012 | 6.77% | 6.78% | — |
| 2011 | 7.40% | 7.56% | — |
| 2010 | 8.17% | 6.76% | — |
| 2009 | 8.43% | 6.58% | — |
| 2007 | 7.87% | 4.26% | — |
| 2005 | 7.74% | 6.52% | — |
Rent as a Fraction of Income
Using median household income data for Lewis And Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lewis And Clark County, median monthly gross rent as a fraction of median household income was 15.05% in 2019 according to the ACS.
Lewis And Clark County Montana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Montana | 17.45% | -0.14% | -0.33% |
| Lewis And Clark County MT | 15.05% | -0.03% | -0.13% |
Trends in Lewis And Clark County MT Rent as a Fraction of Income
The fraction of median Lewis And Clark County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2013 series origin) at 17.29%. Since then it has fallen by 2.24% to 15.05%.
Fraction of Income towards Rent: Lewis And Clark County MT, Montana, US
Historical Data for Annual Rent as a Fraction of Income in Lewis And Clark County Montana
| Date | US | Montana | Lewis And Clark County MT |
|---|---|---|---|
| 2019 | 20.03% | 17.45% | 15.05% |
| 2018 | 20.50% | 17.59% | 15.08% |
| 2017 | 20.13% | 17.06% | 15.46% |
| 2016 | 20.43% | 17.77% | 15.18% |
| 2015 | 20.63% | 18.49% | 17.27% |
| 2014 | 20.89% | 18.42% | 16.53% |
| 2013 | 20.78% | 17.63% | 17.29% |
| 2012 | 20.65% | 18.13% | — |
| 2011 | 20.70% | 17.64% | — |
| 2010 | 20.50% | 18.06% | — |
| 2009 | 20.12% | 17.78% | — |
| 2007 | 18.66% | 15.96% | — |
| 2005 | 18.89% | 16.85% | — |
Renter Fraction in Lewis And Clark County Montana
You can calculate the renter fraction in Lewis And Clark 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 Lewis And Clark County as a fraction of total Lewis And Clark County households. In 2019 27.93% of households were renters according to Census ACS data.
Lewis And Clark County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Montana | 31.12% | -1.42% | -0.87% |
| Lewis And Clark County MT | 27.93% | +0.46% | -3.36% |
Trends in the Lewis And Clark County MT Renter Fraction
The Lewis And Clark County household renter fraction peaked in in 2015 at 38.12% and is now 10.19% below that level. From a recent low of 27.47% in 2018, the household based renter fraction has now grown by 0.46%. The origin year for the series is 2013.
Fraction of Renting Households: Lewis And Clark County MT, Montana, US
History of Lewis And Clark County Renter Fraction
| Date | US | Montana | Lewis And Clark County MT |
|---|---|---|---|
| 2019 | 35.89% | 31.12% | 27.93% |
| 2018 | 36.05% | 32.54% | 27.47% |
| 2017 | 36.13% | 30.85% | 29.08% |
| 2016 | 36.88% | 31.99% | 31.29% |
| 2015 | 36.97% | 33.34% | 38.12% |
| 2014 | 36.90% | 33.61% | 31.57% |
| 2013 | 36.50% | 33.12% | 29.56% |
| 2012 | 36.09% | 32.95% | — |
| 2011 | 35.42% | 32.08% | — |
| 2010 | 34.65% | 30.32% | — |
| 2009 | 34.13% | 30.78% | — |
| 2007 | 32.80% | 30.38% | — |
| 2005 | 33.10% | 30.90% | — |
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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