Mckinley County New Mexico Residential Rent and Rental Statistics
The median monthly gross residential rent in Mckinley County NM was $607 in 2019 according to the Census ACS survey.1 Average gross rent in Mckinley County was $652 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 Mckinley County median and average rent data will be released in September of 2021.
Data is also available below for Mckinley County rental vacancy rates, Mckinley County rent as a percent of median income and the fraction of renters in Mckinley County.
Real Gross Rent in Mckinley County New Mexico (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New Mexico Median Gross Rent | $847 | +0.24% | +0.59% |
| Mckinley County NM Median Gross Rent | $607 | -7.47% | -16.51% |
Mckinley County NM Real Gross Rent Trends
Median gross rent for Mckinley County peaked in real terms in 2016 at $727 and is now $120 (16.51%) lower. Average gross rent for Mckinley County peaked in real terms in 2015 at $678 and is now $26 (3.83%) lower.
Real Gross Rent: Mckinley County NM Median, Mckinley County NM Average, New Mexico Median, US Median
Real Gross Rent History for Mckinley County
| Date | US Median |
New Mexico Median |
Mckinley County NM Median |
Mckinley County NM Average |
|---|---|---|---|---|
| 2019 | $1,097 | $847 | $607 | $652 |
| 2018 | $1,077 | $845 | $656 | $574 |
| 2017 | $1,043 | $838 | $640 | $517 |
| 2016 | $1,027 | $842 | $727 | $577 |
| 2015 | $1,017 | $831 | $716 | $678 |
| 2014 | $986 | $820 | $611 | $480 |
| 2013 | $953 | $813 | $616 | $611 |
| 2012 | $940 | $801 | $563 | $541 |
| 2011 | $941 | $787 | $572 | $491 |
| 2010 | $955 | $781 | $523 | $505 |
| 2009 | $960 | $775 | $568 | $468 |
| 2007 | $927 | $748 | $583 | $508 |
| 2005 | $910 | $734 | — | — |
Mckinley 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 Mckinley County New Mexico was 18.66% according to Census ACS data.
Rental Vacancy Rate in Mckinley County New Mexico
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New Mexico | 8.05% | -0.26% | -1.81% |
| Mckinley County NM | — | — | — |
Trends in Mckinley County NM Rental Vacancy Rate
The rental vacancy rate in Mckinley County peaked in 2009 at 19.99%. Since then it has fallen by 1.33% to 18.66%. Data records for this series originated in 2006.
Rental Vacancy Rate: Mckinley County NM, New Mexico, US
Historical Rental Vacancy Rate data for Mckinley County
| Date | US | New Mexico | Mckinley County NM |
|---|---|---|---|
| 2019 | 5.97% | 8.05% | — |
| 2018 | 6.15% | 8.31% | — |
| 2017 | 6.18% | 8.29% | — |
| 2016 | 5.89% | 9.86% | — |
| 2015 | 5.85% | 8.75% | — |
| 2014 | 6.32% | 8.41% | 18.66% |
| 2013 | 6.49% | 9.01% | — |
| 2012 | 6.77% | 8.62% | 10.61% |
| 2011 | 7.40% | 7.42% | 14.29% |
| 2010 | 8.17% | 7.31% | 13.05% |
| 2009 | 8.43% | 9.74% | 19.99% |
| 2007 | 7.87% | 9.64% | 15.76% |
| 2005 | 7.74% | 7.47% | — |
Rent as a Fraction of Income
Using median household income data for Mckinley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mckinley County, median monthly gross rent as a fraction of median household income was 19.61% in 2019 according to the ACS.
Mckinley County New Mexico Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New Mexico | 19.57% | -1.55% | -1.07% |
| Mckinley County NM | 19.61% | -3.07% | -6.81% |
Trends in Mckinley County NM Rent as a Fraction of Income
The fraction of median Mckinley County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2006 series origin) at 28.71%. Since then it has fallen by 9.11% to 19.61%.
Fraction of Income towards Rent: Mckinley County NM, New Mexico, US
Historical Data for Annual Rent as a Fraction of Income in Mckinley County New Mexico
| Date | US | New Mexico | Mckinley County NM |
|---|---|---|---|
| 2019 | 20.03% | 19.57% | 19.61% |
| 2018 | 20.50% | 21.12% | 22.68% |
| 2017 | 20.13% | 20.87% | 23.61% |
| 2016 | 20.43% | 20.64% | 26.42% |
| 2015 | 20.63% | 20.70% | 28.71% |
| 2014 | 20.89% | 20.81% | 25.69% |
| 2013 | 20.78% | 21.12% | 28.14% |
| 2012 | 20.65% | 21.23% | 21.38% |
| 2011 | 20.70% | 20.85% | 21.94% |
| 2010 | 20.50% | 19.93% | 19.12% |
| 2009 | 20.12% | 18.96% | 17.10% |
| 2007 | 18.66% | 18.44% | 13.99% |
| 2005 | 18.89% | 18.79% | 17.55% |
Renter Fraction in Mckinley County New Mexico
You can calculate the renter fraction in Mckinley 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 Mckinley County as a fraction of total Mckinley County households. In 2019 25.94% of households were renters according to Census ACS data.
Mckinley County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New Mexico | 31.93% | -1.91% | -0.68% |
| Mckinley County NM | 25.94% | -1.81% | -9.05% |
Trends in the Mckinley County NM Renter Fraction
The Mckinley County household renter fraction peaked in in 2016 at 34.99% and is now 9.05% below that level. The origin year for the series is 2006.
Fraction of Renting Households: Mckinley County NM, New Mexico, US
History of Mckinley County Renter Fraction
| Date | US | New Mexico | Mckinley County NM |
|---|---|---|---|
| 2019 | 35.89% | 31.93% | 25.94% |
| 2018 | 36.05% | 33.84% | 27.75% |
| 2017 | 36.13% | 32.08% | 30.04% |
| 2016 | 36.88% | 32.61% | 34.99% |
| 2015 | 36.97% | 32.55% | 28.00% |
| 2014 | 36.90% | 33.09% | 27.85% |
| 2013 | 36.50% | 32.09% | 23.86% |
| 2012 | 36.09% | 32.27% | 26.84% |
| 2011 | 35.42% | 31.84% | 28.80% |
| 2010 | 34.65% | 32.06% | 29.05% |
| 2009 | 34.13% | 30.67% | 28.77% |
| 2007 | 32.80% | 29.99% | 26.28% |
| 2005 | 33.10% | 30.70% | 25.47% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / New Mexico
- / Mckinley County
