Ontario County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Ontario County NY was $900 in 2019 according to the Census ACS survey.1 Average gross rent in Ontario County was $1,011 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 Ontario County median and average rent data will be released in September of 2021.
Data is also available below for Ontario County rental vacancy rates, Ontario County rent as a percent of median income and the fraction of renters in Ontario County.
Real Gross Rent in Ontario 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% |
| Ontario County NY Median Gross Rent | $900 | -0.77% | +3.45% |
Ontario County NY Real Gross Rent Trends
Median gross rent for Ontario County peaked in real terms in 2018 at $907 and is now $7 (0.77%) lower. At $1,011, real average gross rent in Ontario County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Ontario County NY Median, Ontario County NY Average, New York Median, US Median
Real Gross Rent History for Ontario County
| Date | US Median |
New York Median |
Ontario County NY Median |
Ontario County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $900 | $1,011 |
| 2018 | $1,077 | $1,297 | $907 | $975 |
| 2017 | $1,043 | $1,264 | $844 | $856 |
| 2016 | $1,027 | $1,250 | $870 | $870 |
| 2015 | $1,017 | $1,244 | $895 | $959 |
| 2014 | $986 | $1,212 | $827 | $838 |
| 2013 | $953 | $1,168 | $828 | $908 |
| 2012 | $940 | $1,148 | $838 | $881 |
| 2011 | $941 | $1,143 | $796 | $826 |
| 2010 | $955 | $1,140 | $770 | $783 |
| 2009 | $960 | $1,121 | $824 | $860 |
| 2007 | $927 | $1,066 | $778 | $755 |
| 2005 | $910 | $1,051 | $796 | $828 |
Ontario 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 Ontario County New York was 6.43% according to Census ACS data.
Rental Vacancy Rate in Ontario 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% |
| Ontario County NY | 6.43% | +0.25% | -1.65% |
Trends in Ontario County NY Rental Vacancy Rate
The rental vacancy rate in Ontario County peaked in 2010 at 9.37%. Since then it has fallen by 2.94% to 6.43%. Data records for this series originated in 2005. From a 2012 post peak low of 2.50%, the rental vacancy rate has increased by 3.93%.
Rental Vacancy Rate: Ontario County NY, New York, US
Historical Rental Vacancy Rate data for Ontario County
| Date | US | New York | Ontario County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 6.43% |
| 2018 | 6.15% | 4.20% | 6.18% |
| 2017 | 6.18% | 4.19% | — |
| 2016 | 5.89% | 4.42% | 8.08% |
| 2015 | 5.85% | 4.41% | 8.20% |
| 2014 | 6.32% | 4.34% | 4.21% |
| 2013 | 6.49% | 4.17% | — |
| 2012 | 6.77% | 4.34% | 2.50% |
| 2011 | 7.40% | 4.48% | — |
| 2010 | 8.17% | 5.03% | 9.37% |
| 2009 | 8.43% | 4.78% | 9.15% |
| 2007 | 7.87% | 4.70% | 4.99% |
| 2005 | 7.74% | 4.80% | 4.47% |
Rent as a Fraction of Income
Using median household income data for Ontario County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ontario County, median monthly gross rent as a fraction of median household income was 16.22% in 2019 according to the ACS.
Ontario 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% |
| Ontario County NY | 16.22% | -0.88% | -1.13% |
Trends in Ontario County NY Rent as a Fraction of Income
The fraction of median Ontario County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.07%. Since then it has fallen by 1.84% to 16.22%.
Fraction of Income towards Rent: Ontario County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Ontario County New York
| Date | US | New York | Ontario County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 16.22% |
| 2018 | 20.50% | 22.53% | 17.10% |
| 2017 | 20.13% | 22.67% | 14.89% |
| 2016 | 20.43% | 22.78% | 17.36% |
| 2015 | 20.63% | 23.13% | 17.55% |
| 2014 | 20.89% | 23.40% | 15.90% |
| 2013 | 20.78% | 23.20% | 16.22% |
| 2012 | 20.65% | 22.94% | 18.07% |
| 2011 | 20.70% | 22.98% | 16.95% |
| 2010 | 20.50% | 22.60% | 15.43% |
| 2009 | 20.12% | 21.60% | 16.41% |
| 2007 | 18.66% | 20.34% | 14.57% |
| 2005 | 18.89% | 20.40% | 16.18% |
Renter Fraction in Ontario County New York
You can calculate the renter fraction in Ontario 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 Ontario County as a fraction of total Ontario County households. In 2019 28.25% of households were renters according to Census ACS data.
Ontario 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% |
| Ontario County NY | 28.25% | +1.00% | +0.21% |
Trends in the Ontario County NY Renter Fraction
The Ontario County household renter fraction peaked in in 2012 at 30.11% and is now 1.86% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Ontario County NY, New York, US
History of Ontario County Renter Fraction
| Date | US | New York | Ontario County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 28.25% |
| 2018 | 36.05% | 46.33% | 27.25% |
| 2017 | 36.13% | 46.20% | 25.98% |
| 2016 | 36.88% | 46.72% | 28.04% |
| 2015 | 36.97% | 46.93% | 26.37% |
| 2014 | 36.90% | 47.02% | 27.65% |
| 2013 | 36.50% | 46.35% | 27.71% |
| 2012 | 36.09% | 46.35% | 30.11% |
| 2011 | 35.42% | 46.41% | 26.27% |
| 2010 | 34.65% | 45.75% | 23.80% |
| 2009 | 34.13% | 44.97% | 24.44% |
| 2007 | 32.80% | 44.48% | 24.66% |
| 2005 | 33.10% | 44.67% | 26.46% |
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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