Wayne County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Wayne County NY was $778 in 2019 according to the Census ACS survey.1 Average gross rent in Wayne County was $735 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 Wayne County median and average rent data will be released in September of 2021.
Data is also available below for Wayne County rental vacancy rates, Wayne County rent as a percent of median income and the fraction of renters in Wayne County.
Real Gross Rent in Wayne 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% |
| Wayne County NY Median Gross Rent | $778 | +6.28% | -6.27% |
Wayne County NY Real Gross Rent Trends
Median gross rent for Wayne County peaked in real terms in 2016 at $830 and is now $52 (6.27%) lower. Average gross rent for Wayne County peaked in real terms in 2008 at $829 and is now $94 (11.34%) lower. From a recent low of 622.0 in 2017, real average gross rent has now increased by $113 (18.17%).
Real Gross Rent: Wayne County NY Median, Wayne County NY Average, New York Median, US Median
Real Gross Rent History for Wayne County
| Date | US Median |
New York Median |
Wayne County NY Median |
Wayne County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $778 | $735 |
| 2018 | $1,077 | $1,297 | $732 | $714 |
| 2017 | $1,043 | $1,264 | $704 | $622 |
| 2016 | $1,027 | $1,250 | $830 | $793 |
| 2015 | $1,017 | $1,244 | $748 | $720 |
| 2014 | $986 | $1,212 | $761 | $742 |
| 2013 | $953 | $1,168 | $702 | $695 |
| 2012 | $940 | $1,148 | $679 | $668 |
| 2011 | $941 | $1,143 | $713 | $690 |
| 2010 | $955 | $1,140 | $711 | $667 |
| 2009 | $960 | $1,121 | $780 | $743 |
| 2007 | $927 | $1,066 | $739 | $694 |
| 2005 | $910 | $1,051 | $741 | $688 |
Wayne 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 Wayne County New York was 6.67% according to Census ACS data.
Rental Vacancy Rate in Wayne 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% |
| Wayne County NY | 6.67% | +3.16% | — |
Trends in Wayne County NY Rental Vacancy Rate
The rental vacancy rate in Wayne County peaked in 2013 at 9.04%. Since then it has fallen by 2.37% to 6.67%. Data records for this series originated in 2005. From a 2018 post peak low of 3.51%, the rental vacancy rate has increased by 3.16%.
Rental Vacancy Rate: Wayne County NY, New York, US
Historical Rental Vacancy Rate data for Wayne County
| Date | US | New York | Wayne County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 6.67% |
| 2018 | 6.15% | 4.20% | 3.51% |
| 2017 | 6.18% | 4.19% | 4.11% |
| 2016 | 5.89% | 4.42% | — |
| 2015 | 5.85% | 4.41% | 6.20% |
| 2014 | 6.32% | 4.34% | 8.47% |
| 2013 | 6.49% | 4.17% | 9.04% |
| 2012 | 6.77% | 4.34% | — |
| 2011 | 7.40% | 4.48% | — |
| 2010 | 8.17% | 5.03% | 7.80% |
| 2009 | 8.43% | 4.78% | — |
| 2007 | 7.87% | 4.70% | 6.46% |
| 2005 | 7.74% | 4.80% | — |
Rent as a Fraction of Income
Using median household income data for Wayne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wayne County, median monthly gross rent as a fraction of median household income was 15.12% in 2019 according to the ACS.
Wayne 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% |
| Wayne County NY | 15.12% | +1.10% | -0.86% |
Trends in Wayne County NY Rent as a Fraction of Income
The fraction of median Wayne County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.83%. Since then it has fallen by 3.70% to 15.12%. From a 2018 low of 14.03%, the fraction of income going to rent has increased by 1.10%.
Fraction of Income towards Rent: Wayne County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Wayne County New York
| Date | US | New York | Wayne County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 15.12% |
| 2018 | 20.50% | 22.53% | 14.03% |
| 2017 | 20.13% | 22.67% | 15.97% |
| 2016 | 20.43% | 22.78% | 15.98% |
| 2015 | 20.63% | 23.13% | 16.73% |
| 2014 | 20.89% | 23.40% | 18.83% |
| 2013 | 20.78% | 23.20% | 15.93% |
| 2012 | 20.65% | 22.94% | 15.94% |
| 2011 | 20.70% | 22.98% | 15.06% |
| 2010 | 20.50% | 22.60% | 15.15% |
| 2009 | 20.12% | 21.60% | 16.54% |
| 2007 | 18.66% | 20.34% | 14.44% |
| 2005 | 18.89% | 20.40% | 14.21% |
Renter Fraction in Wayne County New York
You can calculate the renter fraction in Wayne 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 Wayne County as a fraction of total Wayne County households. In 2019 23.51% of households were renters according to Census ACS data.
Wayne 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% |
| Wayne County NY | 23.51% | +4.22% | -0.40% |
Trends in the Wayne County NY Renter Fraction
The Wayne County household renter fraction peaked in in 2006 at 26.81% and is now 3.30% below that level. From a recent low of 16.49% in 2013, the household based renter fraction has now grown by 7.02%. The origin year for the series is 2005.
Fraction of Renting Households: Wayne County NY, New York, US
History of Wayne County Renter Fraction
| Date | US | New York | Wayne County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 23.51% |
| 2018 | 36.05% | 46.33% | 19.29% |
| 2017 | 36.13% | 46.20% | 26.40% |
| 2016 | 36.88% | 46.72% | 23.91% |
| 2015 | 36.97% | 46.93% | 25.68% |
| 2014 | 36.90% | 47.02% | 25.93% |
| 2013 | 36.50% | 46.35% | 16.49% |
| 2012 | 36.09% | 46.35% | 22.73% |
| 2011 | 35.42% | 46.41% | 21.28% |
| 2010 | 34.65% | 45.75% | 23.68% |
| 2009 | 34.13% | 44.97% | 21.42% |
| 2007 | 32.80% | 44.48% | 22.43% |
| 2005 | 33.10% | 44.67% | 20.73% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / New York
- / Wayne County
