Washoe County Nevada Residential Rent and Rental Statistics
The median monthly gross residential rent in Washoe County NV was $1,195 in 2019 according to the Census ACS survey.1 Average gross rent in Washoe County was $1,224 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 Washoe County median and average rent data will be released in September of 2021.
Data is also available below for Washoe County rental vacancy rates, Washoe County rent as a percent of median income and the fraction of renters in Washoe County.
Real Gross Rent in Washoe County Nevada (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Nevada Median Gross Rent | $1,168 | +3.55% | +11.24% |
| Washoe County NV Median Gross Rent | $1,195 | +6.98% | +19.38% |
Washoe County NV Real Gross Rent Trends
At $1,195, real median gross rent in Washoe County was at its highest level in 2019 since the series began in 2005. At $1,224, real average gross rent in Washoe County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Washoe County NV Median, Washoe County NV Average, Nevada Median, US Median
Real Gross Rent History for Washoe County
| Date | US Median |
Nevada Median |
Washoe County NV Median |
Washoe County NV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,168 | $1,195 | $1,224 |
| 2018 | $1,077 | $1,128 | $1,117 | $1,150 |
| 2017 | $1,043 | $1,084 | $1,004 | $1,092 |
| 2016 | $1,027 | $1,050 | $1,001 | $1,089 |
| 2015 | $1,017 | $1,040 | $977 | $1,011 |
| 2014 | $986 | $1,008 | $928 | $1,016 |
| 2013 | $953 | $1,003 | $917 | $994 |
| 2012 | $940 | $1,004 | $927 | $986 |
| 2011 | $941 | $1,011 | $938 | $1,008 |
| 2010 | $955 | $1,064 | $976 | $1,030 |
| 2009 | $960 | $1,132 | $1,028 | $1,083 |
| 2007 | $927 | $1,151 | $1,026 | $1,094 |
| 2005 | $910 | $1,076 | $1,030 | $1,063 |
Washoe 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 Washoe County Nevada was 3.16% according to Census ACS data.
Rental Vacancy Rate in Washoe County Nevada
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Nevada | 7.58% | -1.11% | -0.38% |
| Washoe County NV | 3.16% | -0.97% | -1.58% |
Trends in Washoe County NV Rental Vacancy Rate
The rental vacancy rate in Washoe County peaked in 2009 at 12.15%. Since then it has fallen by 8.99% to 3.16%. Data records for this series originated in 2005.
Rental Vacancy Rate: Washoe County NV, Nevada, US
Historical Rental Vacancy Rate data for Washoe County
| Date | US | Nevada | Washoe County NV |
|---|---|---|---|
| 2019 | 5.97% | 7.58% | 3.16% |
| 2018 | 6.15% | 8.69% | 4.13% |
| 2017 | 6.18% | 6.90% | 4.65% |
| 2016 | 5.89% | 7.96% | 4.74% |
| 2015 | 5.85% | 8.47% | 5.08% |
| 2014 | 6.32% | 8.38% | 6.64% |
| 2013 | 6.49% | 10.51% | 7.68% |
| 2012 | 6.77% | 10.96% | 9.81% |
| 2011 | 7.40% | 11.73% | 10.17% |
| 2010 | 8.17% | 10.71% | 8.62% |
| 2009 | 8.43% | 12.58% | 12.15% |
| 2007 | 7.87% | 10.10% | 9.95% |
| 2005 | 7.74% | 7.31% | 7.26% |
Rent as a Fraction of Income
Using median household income data for Washoe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Washoe County, median monthly gross rent as a fraction of median household income was 19.95% in 2019 according to the ACS.
Washoe County Nevada Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Nevada | 22.15% | -0.52% | +0.34% |
| Washoe County NV | 19.95% | -0.84% | +0.23% |
Trends in Washoe County NV Rent as a Fraction of Income
The fraction of median Washoe County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.32%. Since then it has fallen by 1.37% to 19.95%. From a 2017 low of 19.01%, the fraction of income going to rent has increased by 0.94%.
Fraction of Income towards Rent: Washoe County NV, Nevada, US
Historical Data for Annual Rent as a Fraction of Income in Washoe County Nevada
| Date | US | Nevada | Washoe County NV |
|---|---|---|---|
| 2019 | 20.03% | 22.15% | 19.95% |
| 2018 | 20.50% | 22.67% | 20.79% |
| 2017 | 20.13% | 21.74% | 19.01% |
| 2016 | 20.43% | 21.81% | 19.72% |
| 2015 | 20.63% | 22.43% | 19.60% |
| 2014 | 20.89% | 22.27% | 20.05% |
| 2013 | 20.78% | 22.30% | 19.50% |
| 2012 | 20.65% | 22.77% | 21.32% |
| 2011 | 20.70% | 22.96% | 20.53% |
| 2010 | 20.50% | 22.40% | 20.72% |
| 2009 | 20.12% | 22.34% | 20.49% |
| 2007 | 18.66% | 21.36% | 19.28% |
| 2005 | 18.89% | 21.01% | 20.24% |
Renter Fraction in Washoe County Nevada
You can calculate the renter fraction in Washoe 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 Washoe County as a fraction of total Washoe County households. In 2019 41.81% of households were renters according to Census ACS data.
Washoe County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Nevada | 43.38% | +0.16% | -1.77% |
| Washoe County NV | 41.81% | -0.40% | -0.86% |
Trends in the Washoe County NV Renter Fraction
The Washoe County household renter fraction peaked in in 2015 at 44.26% and is now 2.45% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Washoe County NV, Nevada, US
History of Washoe County Renter Fraction
| Date | US | Nevada | Washoe County NV |
|---|---|---|---|
| 2019 | 35.89% | 43.38% | 41.81% |
| 2018 | 36.05% | 43.22% | 42.21% |
| 2017 | 36.13% | 43.42% | 42.05% |
| 2016 | 36.88% | 45.15% | 42.67% |
| 2015 | 36.97% | 45.98% | 44.26% |
| 2014 | 36.90% | 46.36% | 42.90% |
| 2013 | 36.50% | 45.69% | 43.99% |
| 2012 | 36.09% | 45.13% | 43.12% |
| 2011 | 35.42% | 43.71% | 42.52% |
| 2010 | 34.65% | 42.83% | 42.47% |
| 2009 | 34.13% | 40.75% | 39.15% |
| 2007 | 32.80% | 39.59% | 39.06% |
| 2005 | 33.10% | 39.33% | 41.93% |
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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