Monroe County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Monroe County NY was $922 in 2019 according to the Census ACS survey.1 Average gross rent in Monroe County was $961 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 Monroe County median and average rent data will be released in September of 2021.
Data is also available below for Monroe County rental vacancy rates, Monroe County rent as a percent of median income and the fraction of renters in Monroe County.
Real Gross Rent in Monroe County New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Monroe County NY Median Gross Rent | $922 | -1.50% | +2.90% |
Monroe County NY Real Gross Rent Trends
Median gross rent for Monroe County peaked in real terms in 2018 at $936 and is now $14 (1.50%) lower. Average gross rent for Monroe County peaked in real terms in 2017 at $976 and is now $15 (1.54%) lower.
Real Gross Rent: Monroe County NY Median, Monroe County NY Average, New York Median, US Median
Real Gross Rent History for Monroe County
| Date | US Median |
New York Median |
Monroe County NY Median |
Monroe County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $922 | $961 |
| 2018 | $1,077 | $1,297 | $936 | $966 |
| 2017 | $1,043 | $1,264 | $933 | $976 |
| 2016 | $1,027 | $1,250 | $896 | $926 |
| 2015 | $1,017 | $1,244 | $907 | $942 |
| 2014 | $986 | $1,212 | $868 | $899 |
| 2013 | $953 | $1,168 | $859 | $897 |
| 2012 | $940 | $1,148 | $840 | $872 |
| 2011 | $941 | $1,143 | $842 | $867 |
| 2010 | $955 | $1,140 | $844 | $884 |
| 2009 | $960 | $1,121 | $839 | $875 |
| 2007 | $927 | $1,066 | $860 | $888 |
| 2005 | $910 | $1,051 | $878 | $910 |
Monroe 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 Monroe County New York was 7.54% according to Census ACS data.
Rental Vacancy Rate in Monroe County New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Monroe County NY | 7.54% | -0.56% | +0.78% |
Trends in Monroe County NY Rental Vacancy Rate
The rental vacancy rate in Monroe County peaked in 2006 at 12.72%. Since then it has fallen by 5.18% to 7.54%. Data records for this series originated in 2005. From a 2012 post peak low of 4.64%, the rental vacancy rate has increased by 2.90%.
Rental Vacancy Rate: Monroe County NY, New York, US
Historical Rental Vacancy Rate data for Monroe County
| Date | US | New York | Monroe County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 7.54% |
| 2018 | 6.15% | 4.20% | 8.10% |
| 2017 | 6.18% | 4.19% | 5.18% |
| 2016 | 5.89% | 4.42% | 6.76% |
| 2015 | 5.85% | 4.41% | 6.82% |
| 2014 | 6.32% | 4.34% | 7.68% |
| 2013 | 6.49% | 4.17% | 6.56% |
| 2012 | 6.77% | 4.34% | 4.64% |
| 2011 | 7.40% | 4.48% | 5.70% |
| 2010 | 8.17% | 5.03% | 7.93% |
| 2009 | 8.43% | 4.78% | 8.76% |
| 2007 | 7.87% | 4.70% | 12.28% |
| 2005 | 7.74% | 4.80% | 10.85% |
Rent as a Fraction of Income
Using median household income data for Monroe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Monroe County, median monthly gross rent as a fraction of median household income was 17.82% in 2019 according to the ACS.
Monroe County New York 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 York | 21.78% | -0.75% | -0.99% |
| Monroe County NY | 17.82% | -0.50% | -1.03% |
Trends in Monroe County NY Rent as a Fraction of Income
The fraction of median Monroe County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.26%. Since then it has fallen by 1.44% to 17.82%.
Fraction of Income towards Rent: Monroe County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Monroe County New York
| Date | US | New York | Monroe County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 17.82% |
| 2018 | 20.50% | 22.53% | 18.31% |
| 2017 | 20.13% | 22.67% | 18.87% |
| 2016 | 20.43% | 22.78% | 18.85% |
| 2015 | 20.63% | 23.13% | 18.97% |
| 2014 | 20.89% | 23.40% | 19.26% |
| 2013 | 20.78% | 23.20% | 18.95% |
| 2012 | 20.65% | 22.94% | 18.69% |
| 2011 | 20.70% | 22.98% | 18.64% |
| 2010 | 20.50% | 22.60% | 18.29% |
| 2009 | 20.12% | 21.60% | 17.57% |
| 2007 | 18.66% | 20.34% | 17.58% |
| 2005 | 18.89% | 20.40% | 18.41% |
Renter Fraction in Monroe County New York
You can calculate the renter fraction in Monroe 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 Monroe County as a fraction of total Monroe County households. In 2019 37.29% of households were renters according to Census ACS data.
Monroe County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Monroe County NY | 37.29% | +2.05% | +0.21% |
Trends in the Monroe County NY Renter Fraction
At 37.29%, the 2019 household based renter fraction in Monroe County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Monroe County NY, New York, US
History of Monroe County Renter Fraction
| Date | US | New York | Monroe County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 37.29% |
| 2018 | 36.05% | 46.33% | 35.24% |
| 2017 | 36.13% | 46.20% | 36.96% |
| 2016 | 36.88% | 46.72% | 37.08% |
| 2015 | 36.97% | 46.93% | 36.01% |
| 2014 | 36.90% | 47.02% | 35.66% |
| 2013 | 36.50% | 46.35% | 36.59% |
| 2012 | 36.09% | 46.35% | 36.21% |
| 2011 | 35.42% | 46.41% | 35.55% |
| 2010 | 34.65% | 45.75% | 34.38% |
| 2009 | 34.13% | 44.97% | 32.91% |
| 2007 | 32.80% | 44.48% | 33.19% |
| 2005 | 33.10% | 44.67% | 33.38% |
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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