Niagara County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Niagara County NY was $670 in 2019 according to the Census ACS survey.1 Average gross rent in Niagara County was $713 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 Niagara County median and average rent data will be released in September of 2021.
Data is also available below for Niagara County rental vacancy rates, Niagara County rent as a percent of median income and the fraction of renters in Niagara County.
Real Gross Rent in Niagara 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% |
| Niagara County NY Median Gross Rent | $670 | -3.74% | -3.18% |
Niagara County NY Real Gross Rent Trends
Median gross rent for Niagara County peaked in real terms in 2008 at $734 and is now $64 (8.72%) lower. From a recent low of 661.0 in 2013, real median gross rent has now increased by $9 (1.36%). Average gross rent for Niagara County peaked in real terms in 2008 at $740 and is now $27 (3.65%) lower. From a recent low of 652.0 in 2014, real average gross rent has now increased by $61 (9.36%).
Real Gross Rent: Niagara County NY Median, Niagara County NY Average, New York Median, US Median
Real Gross Rent History for Niagara County
| Date | US Median |
New York Median |
Niagara County NY Median |
Niagara County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $670 | $713 |
| 2018 | $1,077 | $1,297 | $696 | $676 |
| 2017 | $1,043 | $1,264 | $711 | $722 |
| 2016 | $1,027 | $1,250 | $692 | $698 |
| 2015 | $1,017 | $1,244 | $708 | $694 |
| 2014 | $986 | $1,212 | $676 | $652 |
| 2013 | $953 | $1,168 | $661 | $692 |
| 2012 | $940 | $1,148 | $693 | $681 |
| 2011 | $941 | $1,143 | $672 | $689 |
| 2010 | $955 | $1,140 | $700 | $688 |
| 2009 | $960 | $1,121 | $691 | $696 |
| 2007 | $927 | $1,066 | $677 | $664 |
| 2005 | $910 | $1,051 | $718 | $680 |
Niagara 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 Niagara County New York was 6.72% according to Census ACS data.
Rental Vacancy Rate in Niagara 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% |
| Niagara County NY | 6.72% | -4.50% | -7.37% |
Trends in Niagara County NY Rental Vacancy Rate
The rental vacancy rate in Niagara County peaked in 2015 at 19.25%. Since then it has fallen by 12.53% to 6.72%. Data records for this series originated in 2005.
Rental Vacancy Rate: Niagara County NY, New York, US
Historical Rental Vacancy Rate data for Niagara County
| Date | US | New York | Niagara County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 6.72% |
| 2018 | 6.15% | 4.20% | 11.22% |
| 2017 | 6.18% | 4.19% | 13.12% |
| 2016 | 5.89% | 4.42% | 14.09% |
| 2015 | 5.85% | 4.41% | 19.25% |
| 2014 | 6.32% | 4.34% | 15.32% |
| 2013 | 6.49% | 4.17% | 15.14% |
| 2012 | 6.77% | 4.34% | 7.61% |
| 2011 | 7.40% | 4.48% | 12.46% |
| 2010 | 8.17% | 5.03% | 15.28% |
| 2009 | 8.43% | 4.78% | 13.78% |
| 2007 | 7.87% | 4.70% | 10.48% |
| 2005 | 7.74% | 4.80% | 7.65% |
Rent as a Fraction of Income
Using median household income data for Niagara County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Niagara County, median monthly gross rent as a fraction of median household income was 14.28% in 2019 according to the ACS.
Niagara 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% |
| Niagara County NY | 14.28% | -0.56% | -1.51% |
Trends in Niagara County NY Rent as a Fraction of Income
The fraction of median Niagara County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 17.20%. Since then it has fallen by 2.92% to 14.28%.
Fraction of Income towards Rent: Niagara County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Niagara County New York
| Date | US | New York | Niagara County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 14.28% |
| 2018 | 20.50% | 22.53% | 14.84% |
| 2017 | 20.13% | 22.67% | 15.13% |
| 2016 | 20.43% | 22.78% | 15.79% |
| 2015 | 20.63% | 23.13% | 16.62% |
| 2014 | 20.89% | 23.40% | 15.45% |
| 2013 | 20.78% | 23.20% | 16.11% |
| 2012 | 20.65% | 22.94% | 16.12% |
| 2011 | 20.70% | 22.98% | 16.44% |
| 2010 | 20.50% | 22.60% | 17.08% |
| 2009 | 20.12% | 21.60% | 17.20% |
| 2007 | 18.66% | 20.34% | 15.70% |
| 2005 | 18.89% | 20.40% | 15.59% |
Renter Fraction in Niagara County New York
You can calculate the renter fraction in Niagara 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 Niagara County as a fraction of total Niagara County households. In 2019 29.47% of households were renters according to Census ACS data.
Niagara 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% |
| Niagara County NY | 29.47% | -1.21% | +0.26% |
Trends in the Niagara County NY Renter Fraction
The Niagara County household renter fraction peaked in in 2012 at 31.26% and is now 1.79% below that level. From a recent low of 27.45% in 2014, the household based renter fraction has now grown by 2.02%. The origin year for the series is 2005.
Fraction of Renting Households: Niagara County NY, New York, US
History of Niagara County Renter Fraction
| Date | US | New York | Niagara County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 29.47% |
| 2018 | 36.05% | 46.33% | 30.68% |
| 2017 | 36.13% | 46.20% | 28.53% |
| 2016 | 36.88% | 46.72% | 29.21% |
| 2015 | 36.97% | 46.93% | 30.77% |
| 2014 | 36.90% | 47.02% | 27.45% |
| 2013 | 36.50% | 46.35% | 29.35% |
| 2012 | 36.09% | 46.35% | 31.26% |
| 2011 | 35.42% | 46.41% | 30.28% |
| 2010 | 34.65% | 45.75% | 31.11% |
| 2009 | 34.13% | 44.97% | 31.11% |
| 2007 | 32.80% | 44.48% | 28.98% |
| 2005 | 33.10% | 44.67% | 27.74% |
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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