Catawba County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Catawba County NC was $717 in 2019 according to the Census ACS survey.1 Average gross rent in Catawba County was $663 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 Catawba County median and average rent data will be released in September of 2021.
Data is also available below for Catawba County rental vacancy rates, Catawba County rent as a percent of median income and the fraction of renters in Catawba County.
Real Gross Rent in Catawba 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% |
| Catawba County NC Median Gross Rent | $717 | -4.65% | -4.14% |
Catawba County NC Real Gross Rent Trends
Median gross rent for Catawba County peaked in real terms in 2018 at $752 and is now $35 (4.65%) lower. Average gross rent for Catawba County peaked in real terms in 2018 at $741 and is now $78 (10.53%) lower.
Real Gross Rent: Catawba County NC Median, Catawba County NC Average, North Carolina Median, US Median
Real Gross Rent History for Catawba County
| Date | US Median |
North Carolina Median |
Catawba County NC Median |
Catawba County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $717 | $663 |
| 2018 | $1,077 | $916 | $752 | $741 |
| 2017 | $1,043 | $888 | $750 | $714 |
| 2016 | $1,027 | $879 | $748 | $687 |
| 2015 | $1,017 | $877 | $685 | $661 |
| 2014 | $986 | $848 | $708 | $683 |
| 2013 | $953 | $819 | $703 | $658 |
| 2012 | $940 | $804 | $669 | $640 |
| 2011 | $941 | $805 | $741 | $725 |
| 2010 | $955 | $817 | $727 | $693 |
| 2009 | $960 | $821 | $691 | $696 |
| 2007 | $927 | $797 | $677 | $651 |
| 2005 | $910 | $794 | $675 | $625 |
Catawba 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 Catawba County North Carolina was 6.81% according to Census ACS data.
Rental Vacancy Rate in Catawba 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% |
| Catawba County NC | 6.81% | — | +4.28% |
Trends in Catawba County NC Rental Vacancy Rate
The rental vacancy rate in Catawba County peaked in 2010 at 16.51%. Since then it has fallen by 9.70% to 6.81%. Data records for this series originated in 2005. From a 2016 post peak low of 2.53%, the rental vacancy rate has increased by 4.28%.
Rental Vacancy Rate: Catawba County NC, North Carolina, US
Historical Rental Vacancy Rate data for Catawba County
| Date | US | North Carolina | Catawba County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | 6.81% |
| 2018 | 6.15% | 7.03% | — |
| 2017 | 6.18% | 6.77% | 6.39% |
| 2016 | 5.89% | 6.99% | 2.53% |
| 2015 | 5.85% | 7.02% | 6.51% |
| 2014 | 6.32% | 7.29% | 9.27% |
| 2013 | 6.49% | 7.46% | 7.72% |
| 2012 | 6.77% | 8.00% | 8.06% |
| 2011 | 7.40% | 9.31% | 8.06% |
| 2010 | 8.17% | 9.97% | 16.51% |
| 2009 | 8.43% | 10.10% | 14.82% |
| 2007 | 7.87% | 9.26% | — |
| 2005 | 7.74% | 9.99% | 11.20% |
Rent as a Fraction of Income
Using median household income data for Catawba County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Catawba County, median monthly gross rent as a fraction of median household income was 16.41% in 2019 according to the ACS.
Catawba 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% |
| Catawba County NC | 16.41% | -0.18% | -1.11% |
Trends in Catawba County NC Rent as a Fraction of Income
The fraction of median Catawba County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.16%. Since then it has fallen by 2.76% to 16.41%.
Fraction of Income towards Rent: Catawba County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Catawba County North Carolina
| Date | US | North Carolina | Catawba County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 16.41% |
| 2018 | 20.50% | 20.05% | 16.59% |
| 2017 | 20.13% | 19.59% | 16.29% |
| 2016 | 20.43% | 19.90% | 17.52% |
| 2015 | 20.63% | 20.75% | 19.16% |
| 2014 | 20.89% | 20.70% | 18.02% |
| 2013 | 20.78% | 20.34% | 18.70% |
| 2012 | 20.65% | 20.09% | 18.22% |
| 2011 | 20.70% | 20.36% | 18.55% |
| 2010 | 20.50% | 20.25% | 18.94% |
| 2009 | 20.12% | 19.78% | 17.69% |
| 2007 | 18.66% | 18.21% | 16.22% |
| 2005 | 18.89% | 18.71% | 16.50% |
Renter Fraction in Catawba County North Carolina
You can calculate the renter fraction in Catawba 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 Catawba County as a fraction of total Catawba County households. In 2019 27.82% of households were renters according to Census ACS data.
Catawba 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% |
| Catawba County NC | 27.82% | -2.12% | -4.39% |
Trends in the Catawba County NC Renter Fraction
The Catawba County household renter fraction peaked in in 2014 at 32.97% and is now 5.15% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Catawba County NC, North Carolina, US
History of Catawba County Renter Fraction
| Date | US | North Carolina | Catawba County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 27.82% |
| 2018 | 36.05% | 34.86% | 29.94% |
| 2017 | 36.13% | 34.60% | 30.30% |
| 2016 | 36.88% | 35.78% | 32.21% |
| 2015 | 36.97% | 36.13% | 31.59% |
| 2014 | 36.90% | 35.75% | 32.97% |
| 2013 | 36.50% | 35.74% | 32.76% |
| 2012 | 36.09% | 34.56% | 31.00% |
| 2011 | 35.42% | 33.49% | 29.20% |
| 2010 | 34.65% | 32.83% | 28.98% |
| 2009 | 34.13% | 32.81% | 25.39% |
| 2007 | 32.80% | 31.70% | 30.28% |
| 2005 | 33.10% | 31.81% | 28.07% |
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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