Brunswick County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Brunswick County NC was $1,003 in 2019 according to the Census ACS survey.1 Average gross rent in Brunswick County was $918 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 Brunswick County median and average rent data will be released in September of 2021.
Data is also available below for Brunswick County rental vacancy rates, Brunswick County rent as a percent of median income and the fraction of renters in Brunswick County.
Real Gross Rent in Brunswick County North Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Carolina Median Gross Rent | $931 | +1.64% | +5.92% |
| Brunswick County NC Median Gross Rent | $1,003 | -8.65% | +6.82% |
Brunswick County NC Real Gross Rent Trends
Median gross rent for Brunswick County peaked in real terms in 2018 at $1,098 and is now $95 (8.65%) lower. Average gross rent for Brunswick County peaked in real terms in 2017 at $952 and is now $34 (3.57%) lower.
Real Gross Rent: Brunswick County NC Median, Brunswick County NC Average, North Carolina Median, US Median
Real Gross Rent History for Brunswick County
| Date | US Median |
North Carolina Median |
Brunswick County NC Median |
Brunswick County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $1,003 | $918 |
| 2018 | $1,077 | $916 | $1,098 | $951 |
| 2017 | $1,043 | $888 | $930 | $952 |
| 2016 | $1,027 | $879 | $939 | $901 |
| 2015 | $1,017 | $877 | $850 | $809 |
| 2014 | $986 | $848 | $872 | $856 |
| 2013 | $953 | $819 | $902 | $800 |
| 2012 | $940 | $804 | $894 | $887 |
| 2011 | $941 | $805 | $825 | $731 |
| 2010 | $955 | $817 | $916 | $812 |
| 2009 | $960 | $821 | $932 | $882 |
| 2007 | $927 | $797 | $867 | $791 |
| 2005 | $910 | $794 | $868 | $748 |
Brunswick 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 Brunswick County North Carolina was 22.98% according to Census ACS data.
Rental Vacancy Rate in Brunswick County North Carolina
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Carolina | 6.60% | -0.43% | -0.39% |
| Brunswick County NC | 22.98% | +1.06% | +16.90% |
Trends in Brunswick County NC Rental Vacancy Rate
The rental vacancy rate in Brunswick County peaked in 2011 at 35.38%. Since then it has fallen by 12.40% to 22.98%. Data records for this series originated in 2005. From a 2016 post peak low of 6.08%, the rental vacancy rate has increased by 16.90%.
Rental Vacancy Rate: Brunswick County NC, North Carolina, US
Historical Rental Vacancy Rate data for Brunswick County
| Date | US | North Carolina | Brunswick County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | 22.98% |
| 2018 | 6.15% | 7.03% | 21.92% |
| 2017 | 6.18% | 6.77% | 10.59% |
| 2016 | 5.89% | 6.99% | 6.08% |
| 2015 | 5.85% | 7.02% | 10.94% |
| 2014 | 6.32% | 7.29% | 12.79% |
| 2013 | 6.49% | 7.46% | 26.83% |
| 2012 | 6.77% | 8.00% | 25.12% |
| 2011 | 7.40% | 9.31% | 35.38% |
| 2010 | 8.17% | 9.97% | 24.27% |
| 2009 | 8.43% | 10.10% | 31.99% |
| 2007 | 7.87% | 9.26% | 22.00% |
| 2005 | 7.74% | 9.99% | 23.80% |
Rent as a Fraction of Income
Using median household income data for Brunswick County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Brunswick County, median monthly gross rent as a fraction of median household income was 18.90% in 2019 according to the ACS.
Brunswick County North Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Carolina | 19.48% | -0.57% | -0.42% |
| Brunswick County NC | 18.90% | -2.50% | -2.33% |
Trends in Brunswick County NC Rent as a Fraction of Income
The fraction of median Brunswick County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.76%. Since then it has fallen by 4.86% to 18.90%.
Fraction of Income towards Rent: Brunswick County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Brunswick County North Carolina
| Date | US | North Carolina | Brunswick County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 18.90% |
| 2018 | 20.50% | 20.05% | 21.40% |
| 2017 | 20.13% | 19.59% | 19.27% |
| 2016 | 20.43% | 19.90% | 21.23% |
| 2015 | 20.63% | 20.75% | 20.61% |
| 2014 | 20.89% | 20.70% | 21.22% |
| 2013 | 20.78% | 20.34% | 21.73% |
| 2012 | 20.65% | 20.09% | 20.52% |
| 2011 | 20.70% | 20.36% | 23.76% |
| 2010 | 20.50% | 20.25% | 22.42% |
| 2009 | 20.12% | 19.78% | 22.24% |
| 2007 | 18.66% | 18.21% | 22.33% |
| 2005 | 18.89% | 18.71% | 22.54% |
Renter Fraction in Brunswick County North Carolina
You can calculate the renter fraction in Brunswick 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 Brunswick County as a fraction of total Brunswick County households. In 2019 15.53% of households were renters according to Census ACS data.
Brunswick County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Carolina | 34.69% | -0.17% | -1.09% |
| Brunswick County NC | 15.53% | -0.37% | -9.99% |
Trends in the Brunswick County NC Renter Fraction
The Brunswick County household renter fraction peaked in in 2007 at 30.39% and is now 14.86% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Brunswick County NC, North Carolina, US
History of Brunswick County Renter Fraction
| Date | US | North Carolina | Brunswick County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 15.53% |
| 2018 | 36.05% | 34.86% | 15.90% |
| 2017 | 36.13% | 34.60% | 21.64% |
| 2016 | 36.88% | 35.78% | 25.52% |
| 2015 | 36.97% | 36.13% | 20.94% |
| 2014 | 36.90% | 35.75% | 26.09% |
| 2013 | 36.50% | 35.74% | 26.18% |
| 2012 | 36.09% | 34.56% | 26.96% |
| 2011 | 35.42% | 33.49% | 23.31% |
| 2010 | 34.65% | 32.83% | 23.67% |
| 2009 | 34.13% | 32.81% | 20.80% |
| 2007 | 32.80% | 31.70% | 30.39% |
| 2005 | 33.10% | 31.81% | 28.83% |
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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