Saratoga County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Saratoga County NY was $1,190 in 2019 according to the Census ACS survey.1 Average gross rent in Saratoga County was $1,179 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 Saratoga County median and average rent data will be released in September of 2021.
Data is also available below for Saratoga County rental vacancy rates, Saratoga County rent as a percent of median income and the fraction of renters in Saratoga County.
Real Gross Rent in Saratoga 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% |
| Saratoga County NY Median Gross Rent | $1,190 | +4.48% | +8.87% |
Saratoga County NY Real Gross Rent Trends
At $1,190, real median gross rent in Saratoga County was at its highest level in 2019 since the series began in 2005. Average gross rent for Saratoga County peaked in real terms in 2018 at $1,232 and is now $53 (4.30%) lower.
Real Gross Rent: Saratoga County NY Median, Saratoga County NY Average, New York Median, US Median
Real Gross Rent History for Saratoga County
| Date | US Median |
New York Median |
Saratoga County NY Median |
Saratoga County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,190 | $1,179 |
| 2018 | $1,077 | $1,297 | $1,139 | $1,232 |
| 2017 | $1,043 | $1,264 | $1,085 | $1,126 |
| 2016 | $1,027 | $1,250 | $1,093 | $1,148 |
| 2015 | $1,017 | $1,244 | $1,107 | $1,193 |
| 2014 | $986 | $1,212 | $1,064 | $1,068 |
| 2013 | $953 | $1,168 | $1,049 | $1,085 |
| 2012 | $940 | $1,148 | $1,020 | $1,048 |
| 2011 | $941 | $1,143 | $986 | $1,062 |
| 2010 | $955 | $1,140 | $986 | $983 |
| 2009 | $960 | $1,121 | $986 | $1,005 |
| 2007 | $927 | $1,066 | $954 | $1,003 |
| 2005 | $910 | $1,051 | $951 | $938 |
Saratoga 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 Saratoga County New York was 8.17% according to Census ACS data.
Rental Vacancy Rate in Saratoga 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% |
| Saratoga County NY | 8.17% | +2.01% | +3.68% |
Trends in Saratoga County NY Rental Vacancy Rate
The rental vacancy rate in Saratoga County peaked in 2006 at 9.87%. Since then it has fallen by 1.70% to 8.17%. Data records for this series originated in 2005. From a 2010 post peak low of 2.22%, the rental vacancy rate has increased by 5.95%.
Rental Vacancy Rate: Saratoga County NY, New York, US
Historical Rental Vacancy Rate data for Saratoga County
| Date | US | New York | Saratoga County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 8.17% |
| 2018 | 6.15% | 4.20% | 6.16% |
| 2017 | 6.18% | 4.19% | 4.41% |
| 2016 | 5.89% | 4.42% | 4.49% |
| 2015 | 5.85% | 4.41% | 5.25% |
| 2014 | 6.32% | 4.34% | 3.93% |
| 2013 | 6.49% | 4.17% | — |
| 2012 | 6.77% | 4.34% | 6.91% |
| 2011 | 7.40% | 4.48% | 2.75% |
| 2010 | 8.17% | 5.03% | 2.22% |
| 2009 | 8.43% | 4.78% | 5.31% |
| 2007 | 7.87% | 4.70% | 4.48% |
| 2005 | 7.74% | 4.80% | 3.12% |
Rent as a Fraction of Income
Using median household income data for Saratoga County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Saratoga County, median monthly gross rent as a fraction of median household income was 15.88% in 2019 according to the ACS.
Saratoga 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% |
| Saratoga County NY | 15.88% | -0.15% | -0.58% |
Trends in Saratoga County NY Rent as a Fraction of Income
The fraction of median Saratoga County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.24%. Since then it has fallen by 1.36% to 15.88%. From a 2017 low of 15.08%, the fraction of income going to rent has increased by 0.80%.
Fraction of Income towards Rent: Saratoga County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Saratoga County New York
| Date | US | New York | Saratoga County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 15.88% |
| 2018 | 20.50% | 22.53% | 16.03% |
| 2017 | 20.13% | 22.67% | 15.08% |
| 2016 | 20.43% | 22.78% | 16.46% |
| 2015 | 20.63% | 23.13% | 16.54% |
| 2014 | 20.89% | 23.40% | 16.72% |
| 2013 | 20.78% | 23.20% | 16.91% |
| 2012 | 20.65% | 22.94% | 17.24% |
| 2011 | 20.70% | 22.98% | 17.05% |
| 2010 | 20.50% | 22.60% | 15.99% |
| 2009 | 20.12% | 21.60% | 15.29% |
| 2007 | 18.66% | 20.34% | 15.53% |
| 2005 | 18.89% | 20.40% | 15.31% |
Renter Fraction in Saratoga County New York
You can calculate the renter fraction in Saratoga 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 Saratoga County as a fraction of total Saratoga County households. In 2019 26.29% of households were renters according to Census ACS data.
Saratoga 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% |
| Saratoga County NY | 26.29% | -2.28% | -1.47% |
Trends in the Saratoga County NY Renter Fraction
The Saratoga County household renter fraction peaked in in 2012 at 30.21% and is now 3.92% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Saratoga County NY, New York, US
History of Saratoga County Renter Fraction
| Date | US | New York | Saratoga County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 26.29% |
| 2018 | 36.05% | 46.33% | 28.57% |
| 2017 | 36.13% | 46.20% | 29.22% |
| 2016 | 36.88% | 46.72% | 27.76% |
| 2015 | 36.97% | 46.93% | 27.37% |
| 2014 | 36.90% | 47.02% | 29.26% |
| 2013 | 36.50% | 46.35% | 28.77% |
| 2012 | 36.09% | 46.35% | 30.21% |
| 2011 | 35.42% | 46.41% | 26.30% |
| 2010 | 34.65% | 45.75% | 28.99% |
| 2009 | 34.13% | 44.97% | 26.75% |
| 2007 | 32.80% | 44.48% | 26.16% |
| 2005 | 33.10% | 44.67% | 25.13% |
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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