Oswego County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Oswego County NY was $764 in 2019 according to the Census ACS survey.1 Average gross rent in Oswego County was $737 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 Oswego County median and average rent data will be released in September of 2021.
Data is also available below for Oswego County rental vacancy rates, Oswego County rent as a percent of median income and the fraction of renters in Oswego County.
Real Gross Rent in Oswego 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% |
| Oswego County NY Median Gross Rent | $764 | -1.80% | 0.00% |
Oswego County NY Real Gross Rent Trends
Median gross rent for Oswego County peaked in real terms in 2008 at $807 and is now $43 (5.33%) lower. Average gross rent for Oswego County peaked in real terms in 2008 at $818 and is now $81 (9.90%) lower. From a recent low of 679.0 in 2014, real average gross rent has now increased by $58 (8.54%).
Real Gross Rent: Oswego County NY Median, Oswego County NY Average, New York Median, US Median
Real Gross Rent History for Oswego County
| Date | US Median |
New York Median |
Oswego County NY Median |
Oswego County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $764 | $737 |
| 2018 | $1,077 | $1,297 | $778 | $776 |
| 2017 | $1,043 | $1,264 | $787 | $743 |
| 2016 | $1,027 | $1,250 | $764 | $752 |
| 2015 | $1,017 | $1,244 | $744 | $766 |
| 2014 | $986 | $1,212 | $731 | $679 |
| 2013 | $953 | $1,168 | $756 | $736 |
| 2012 | $940 | $1,148 | $734 | $732 |
| 2011 | $941 | $1,143 | $769 | $712 |
| 2010 | $955 | $1,140 | $763 | $738 |
| 2009 | $960 | $1,121 | $748 | $680 |
| 2007 | $927 | $1,066 | $759 | $726 |
| 2005 | $910 | $1,051 | $721 | $680 |
Oswego 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 Oswego County New York was 6.07% according to Census ACS data.
Rental Vacancy Rate in Oswego 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% |
| Oswego County NY | 6.07% | +2.61% | -1.30% |
Trends in Oswego County NY Rental Vacancy Rate
The rental vacancy rate in Oswego County peaked in 2007 at 14.91%. Since then it has fallen by 8.84% to 6.07%. Data records for this series originated in 2005. From a 2018 post peak low of 3.46%, the rental vacancy rate has increased by 2.61%.
Rental Vacancy Rate: Oswego County NY, New York, US
Historical Rental Vacancy Rate data for Oswego County
| Date | US | New York | Oswego County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 6.07% |
| 2018 | 6.15% | 4.20% | 3.46% |
| 2017 | 6.18% | 4.19% | 5.37% |
| 2016 | 5.89% | 4.42% | 7.37% |
| 2015 | 5.85% | 4.41% | 5.98% |
| 2014 | 6.32% | 4.34% | 4.60% |
| 2013 | 6.49% | 4.17% | 6.51% |
| 2012 | 6.77% | 4.34% | 10.47% |
| 2011 | 7.40% | 4.48% | 8.31% |
| 2010 | 8.17% | 5.03% | 9.65% |
| 2009 | 8.43% | 4.78% | 11.54% |
| 2007 | 7.87% | 4.70% | 14.91% |
| 2005 | 7.74% | 4.80% | — |
Rent as a Fraction of Income
Using median household income data for Oswego County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oswego County, median monthly gross rent as a fraction of median household income was 15.68% in 2019 according to the ACS.
Oswego 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% |
| Oswego County NY | 15.68% | -1.21% | -0.67% |
Trends in Oswego County NY Rent as a Fraction of Income
The fraction of median Oswego County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.70%. Since then it has fallen by 4.02% to 15.68%.
Fraction of Income towards Rent: Oswego County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Oswego County New York
| Date | US | New York | Oswego County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 15.68% |
| 2018 | 20.50% | 22.53% | 16.90% |
| 2017 | 20.13% | 22.67% | 17.14% |
| 2016 | 20.43% | 22.78% | 16.35% |
| 2015 | 20.63% | 23.13% | 16.90% |
| 2014 | 20.89% | 23.40% | 17.66% |
| 2013 | 20.78% | 23.20% | 18.52% |
| 2012 | 20.65% | 22.94% | 17.63% |
| 2011 | 20.70% | 22.98% | 19.70% |
| 2010 | 20.50% | 22.60% | 18.36% |
| 2009 | 20.12% | 21.60% | 16.72% |
| 2007 | 18.66% | 20.34% | 17.06% |
| 2005 | 18.89% | 20.40% | 16.20% |
Renter Fraction in Oswego County New York
You can calculate the renter fraction in Oswego 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 Oswego County as a fraction of total Oswego County households. In 2019 23.43% of households were renters according to Census ACS data.
Oswego 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% |
| Oswego County NY | 23.43% | -2.23% | -5.95% |
Trends in the Oswego County NY Renter Fraction
The Oswego County household renter fraction peaked in in 2011 at 30.65% and is now 7.22% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Oswego County NY, New York, US
History of Oswego County Renter Fraction
| Date | US | New York | Oswego County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 23.43% |
| 2018 | 36.05% | 46.33% | 25.66% |
| 2017 | 36.13% | 46.20% | 28.18% |
| 2016 | 36.88% | 46.72% | 29.38% |
| 2015 | 36.97% | 46.93% | 25.81% |
| 2014 | 36.90% | 47.02% | 28.54% |
| 2013 | 36.50% | 46.35% | 27.20% |
| 2012 | 36.09% | 46.35% | 27.15% |
| 2011 | 35.42% | 46.41% | 30.65% |
| 2010 | 34.65% | 45.75% | 25.54% |
| 2009 | 34.13% | 44.97% | 28.39% |
| 2007 | 32.80% | 44.48% | 24.67% |
| 2005 | 33.10% | 44.67% | 25.52% |
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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