Nassau County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Nassau County NY was $1,790 in 2019 according to the Census ACS survey.1 Average gross rent in Nassau County was $1,783 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 Nassau County median and average rent data will be released in September of 2021.
Data is also available below for Nassau County rental vacancy rates, Nassau County rent as a percent of median income and the fraction of renters in Nassau County.
Real Gross Rent in Nassau 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% |
| Nassau County NY Median Gross Rent | $1,790 | -2.66% | +4.62% |
Nassau County NY Real Gross Rent Trends
Median gross rent for Nassau County peaked in real terms in 2018 at $1,839 and is now $49 (2.66%) lower. Average gross rent for Nassau County peaked in real terms in 2018 at $1,792 and is now $9 (0.50%) lower.
Real Gross Rent: Nassau County NY Median, Nassau County NY Average, New York Median, US Median
Real Gross Rent History for Nassau County
| Date | US Median |
New York Median |
Nassau County NY Median |
Nassau County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,790 | $1,783 |
| 2018 | $1,077 | $1,297 | $1,839 | $1,792 |
| 2017 | $1,043 | $1,264 | $1,751 | $1,673 |
| 2016 | $1,027 | $1,250 | $1,711 | $1,659 |
| 2015 | $1,017 | $1,244 | $1,757 | $1,688 |
| 2014 | $986 | $1,212 | $1,767 | $1,690 |
| 2013 | $953 | $1,168 | $1,573 | $1,580 |
| 2012 | $940 | $1,148 | $1,555 | $1,541 |
| 2011 | $941 | $1,143 | $1,563 | $1,548 |
| 2010 | $955 | $1,140 | $1,597 | $1,566 |
| 2009 | $960 | $1,121 | $1,607 | $1,565 |
| 2007 | $927 | $1,066 | $1,536 | $1,532 |
| 2005 | $910 | $1,051 | $1,531 | $1,555 |
Nassau 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 Nassau County New York was 5.34% according to Census ACS data.
Rental Vacancy Rate in Nassau 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% |
| Nassau County NY | 5.34% | +0.84% | +0.64% |
Trends in Nassau County NY Rental Vacancy Rate
The rental vacancy rate in Nassau County peaked in 2006 at 6.58%. Since then it has fallen by 1.24% to 5.34%. Data records for this series originated in 2005. From a 2015 post peak low of 3.90%, the rental vacancy rate has increased by 1.44%.
Rental Vacancy Rate: Nassau County NY, New York, US
Historical Rental Vacancy Rate data for Nassau County
| Date | US | New York | Nassau County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 5.34% |
| 2018 | 6.15% | 4.20% | 4.50% |
| 2017 | 6.18% | 4.19% | 4.56% |
| 2016 | 5.89% | 4.42% | 4.70% |
| 2015 | 5.85% | 4.41% | 3.90% |
| 2014 | 6.32% | 4.34% | 5.41% |
| 2013 | 6.49% | 4.17% | 3.96% |
| 2012 | 6.77% | 4.34% | 5.00% |
| 2011 | 7.40% | 4.48% | 3.92% |
| 2010 | 8.17% | 5.03% | 4.37% |
| 2009 | 8.43% | 4.78% | 5.24% |
| 2007 | 7.87% | 4.70% | 5.29% |
| 2005 | 7.74% | 4.80% | 5.91% |
Rent as a Fraction of Income
Using median household income data for Nassau County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nassau County, median monthly gross rent as a fraction of median household income was 18.13% in 2019 according to the ACS.
Nassau 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% |
| Nassau County NY | 18.13% | -0.50% | -0.39% |
Trends in Nassau County NY Rent as a Fraction of Income
The fraction of median Nassau County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.28%. Since then it has fallen by 2.15% to 18.13%.
Fraction of Income towards Rent: Nassau County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Nassau County New York
| Date | US | New York | Nassau County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 18.13% |
| 2018 | 20.50% | 22.53% | 18.63% |
| 2017 | 20.13% | 22.67% | 18.84% |
| 2016 | 20.43% | 22.78% | 18.52% |
| 2015 | 20.63% | 23.13% | 19.51% |
| 2014 | 20.89% | 23.40% | 20.28% |
| 2013 | 20.78% | 23.20% | 18.64% |
| 2012 | 20.65% | 22.94% | 18.82% |
| 2011 | 20.70% | 22.98% | 18.99% |
| 2010 | 20.50% | 22.60% | 18.82% |
| 2009 | 20.12% | 21.60% | 18.24% |
| 2007 | 18.66% | 20.34% | 17.47% |
| 2005 | 18.89% | 20.40% | 18.31% |
Renter Fraction in Nassau County New York
You can calculate the renter fraction in Nassau 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 Nassau County as a fraction of total Nassau County households. In 2019 19.42% of households were renters according to Census ACS data.
Nassau 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% |
| Nassau County NY | 19.42% | -0.82% | -0.12% |
Trends in the Nassau County NY Renter Fraction
The Nassau County household renter fraction peaked in in 2013 at 21.35% and is now 1.93% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Nassau County NY, New York, US
History of Nassau County Renter Fraction
| Date | US | New York | Nassau County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 19.42% |
| 2018 | 36.05% | 46.33% | 20.24% |
| 2017 | 36.13% | 46.20% | 19.93% |
| 2016 | 36.88% | 46.72% | 19.54% |
| 2015 | 36.97% | 46.93% | 19.88% |
| 2014 | 36.90% | 47.02% | 19.51% |
| 2013 | 36.50% | 46.35% | 21.35% |
| 2012 | 36.09% | 46.35% | 19.72% |
| 2011 | 35.42% | 46.41% | 20.18% |
| 2010 | 34.65% | 45.75% | 19.78% |
| 2009 | 34.13% | 44.97% | 17.81% |
| 2007 | 32.80% | 44.48% | 17.24% |
| 2005 | 33.10% | 44.67% | 17.08% |
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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