Ulster County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Ulster County NY was $1,135 in 2019 according to the Census ACS survey.1 Average gross rent in Ulster County was $1,145 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 Ulster County median and average rent data will be released in September of 2021.
Data is also available below for Ulster County rental vacancy rates, Ulster County rent as a percent of median income and the fraction of renters in Ulster County.
Real Gross Rent in Ulster 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% |
| Ulster County NY Median Gross Rent | $1,135 | -4.14% | +7.28% |
Ulster County NY Real Gross Rent Trends
Median gross rent for Ulster County peaked in real terms in 2018 at $1,184 and is now $49 (4.14%) lower. Average gross rent for Ulster County peaked in real terms in 2018 at $1,146 and is now $1 (0.09%) lower.
Real Gross Rent: Ulster County NY Median, Ulster County NY Average, New York Median, US Median
Real Gross Rent History for Ulster County
| Date | US Median |
New York Median |
Ulster County NY Median |
Ulster County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,135 | $1,145 |
| 2018 | $1,077 | $1,297 | $1,184 | $1,146 |
| 2017 | $1,043 | $1,264 | $1,110 | $1,071 |
| 2016 | $1,027 | $1,250 | $1,058 | $998 |
| 2015 | $1,017 | $1,244 | $1,057 | $1,040 |
| 2014 | $986 | $1,212 | $1,068 | $1,097 |
| 2013 | $953 | $1,168 | $1,054 | $972 |
| 2012 | $940 | $1,148 | $1,031 | $988 |
| 2011 | $941 | $1,143 | $1,060 | $989 |
| 2010 | $955 | $1,140 | $1,094 | $1,033 |
| 2009 | $960 | $1,121 | $1,071 | $1,086 |
| 2007 | $927 | $1,066 | $1,064 | $985 |
| 2005 | $910 | $1,051 | $1,098 | $1,045 |
Ulster 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 Ulster County New York was 0.39% according to Census ACS data.
Rental Vacancy Rate in Ulster 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% |
| Ulster County NY | 0.39% | -5.16% | -8.33% |
Trends in Ulster County NY Rental Vacancy Rate
The rental vacancy rate in Ulster County peaked in 2016 at 8.72%. Since then it has fallen by 8.33% to 0.39%. Data records for this series originated in 2005.
Rental Vacancy Rate: Ulster County NY, New York, US
Historical Rental Vacancy Rate data for Ulster County
| Date | US | New York | Ulster County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 0.39% |
| 2018 | 6.15% | 4.20% | 5.55% |
| 2017 | 6.18% | 4.19% | 3.76% |
| 2016 | 5.89% | 4.42% | 8.72% |
| 2015 | 5.85% | 4.41% | 2.53% |
| 2014 | 6.32% | 4.34% | 7.01% |
| 2013 | 6.49% | 4.17% | 7.33% |
| 2012 | 6.77% | 4.34% | 8.05% |
| 2011 | 7.40% | 4.48% | 5.77% |
| 2010 | 8.17% | 5.03% | 7.28% |
| 2009 | 8.43% | 4.78% | 5.94% |
| 2007 | 7.87% | 4.70% | 7.56% |
| 2005 | 7.74% | 4.80% | 3.35% |
Rent as a Fraction of Income
Using median household income data for Ulster County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ulster County, median monthly gross rent as a fraction of median household income was 21.25% in 2019 according to the ACS.
Ulster 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% |
| Ulster County NY | 21.25% | -0.59% | +1.95% |
Trends in Ulster County NY Rent as a Fraction of Income
The fraction of median Ulster County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.90%. Since then it has fallen by 1.65% to 21.25%.
Fraction of Income towards Rent: Ulster County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Ulster County New York
| Date | US | New York | Ulster County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 21.25% |
| 2018 | 20.50% | 22.53% | 21.84% |
| 2017 | 20.13% | 22.67% | 20.31% |
| 2016 | 20.43% | 22.78% | 19.30% |
| 2015 | 20.63% | 23.13% | 20.00% |
| 2014 | 20.89% | 23.40% | 20.90% |
| 2013 | 20.78% | 23.20% | 20.56% |
| 2012 | 20.65% | 22.94% | 20.20% |
| 2011 | 20.70% | 22.98% | 21.40% |
| 2010 | 20.50% | 22.60% | 22.90% |
| 2009 | 20.12% | 21.60% | 19.97% |
| 2007 | 18.66% | 20.34% | 19.05% |
| 2005 | 18.89% | 20.40% | 20.73% |
Renter Fraction in Ulster County New York
You can calculate the renter fraction in Ulster 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 Ulster County as a fraction of total Ulster County households. In 2019 32.62% of households were renters according to Census ACS data.
Ulster 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% |
| Ulster County NY | 32.62% | -0.15% | +0.62% |
Trends in the Ulster County NY Renter Fraction
The Ulster County household renter fraction peaked in in 2008 at 34.38% and is now 1.76% below that level. From a recent low of 29.47% in 2013, the household based renter fraction has now grown by 3.15%. The origin year for the series is 2005.
Fraction of Renting Households: Ulster County NY, New York, US
History of Ulster County Renter Fraction
| Date | US | New York | Ulster County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 32.62% |
| 2018 | 36.05% | 46.33% | 32.77% |
| 2017 | 36.13% | 46.20% | 29.94% |
| 2016 | 36.88% | 46.72% | 32.00% |
| 2015 | 36.97% | 46.93% | 31.53% |
| 2014 | 36.90% | 47.02% | 31.16% |
| 2013 | 36.50% | 46.35% | 29.47% |
| 2012 | 36.09% | 46.35% | 30.44% |
| 2011 | 35.42% | 46.41% | 34.30% |
| 2010 | 34.65% | 45.75% | 30.64% |
| 2009 | 34.13% | 44.97% | 29.76% |
| 2007 | 32.80% | 44.48% | 30.31% |
| 2005 | 33.10% | 44.67% | 33.80% |
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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