Harnett County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Harnett County NC was $893 in 2019 according to the Census ACS survey.1 Average gross rent in Harnett County was $933 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 Harnett County median and average rent data will be released in September of 2021.
Data is also available below for Harnett County rental vacancy rates, Harnett County rent as a percent of median income and the fraction of renters in Harnett County.
Real Gross Rent in Harnett 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% |
| Harnett County NC Median Gross Rent | $893 | +0.22% | +1.82% |
Harnett County NC Real Gross Rent Trends
At $893, real median gross rent in Harnett County was at its highest level in 2019 since the series began in 2005. At $933, real average gross rent in Harnett County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Harnett County NC Median, Harnett County NC Average, North Carolina Median, US Median
Real Gross Rent History for Harnett County
| Date | US Median |
North Carolina Median |
Harnett County NC Median |
Harnett County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $893 | $933 |
| 2018 | $1,077 | $916 | $891 | $921 |
| 2017 | $1,043 | $888 | $877 | $849 |
| 2016 | $1,027 | $879 | $877 | $851 |
| 2015 | $1,017 | $877 | $877 | $869 |
| 2014 | $986 | $848 | $826 | $870 |
| 2013 | $953 | $819 | $790 | $785 |
| 2012 | $940 | $804 | $785 | $778 |
| 2011 | $941 | $805 | $761 | $750 |
| 2010 | $955 | $817 | $888 | $850 |
| 2009 | $960 | $821 | $789 | $726 |
| 2007 | $927 | $797 | $789 | $734 |
| 2005 | $910 | $794 | $764 | $679 |
Harnett County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Harnett County North Carolina was 9.55% according to Census ACS data.
Rental Vacancy Rate in Harnett 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% |
| Harnett County NC | — | — | — |
Trends in Harnett County NC Rental Vacancy Rate
The rental vacancy rate in Harnett County peaked in 2009 at 13.17%. Since then it has fallen by 3.62% to 9.55%. Data records for this series originated in 2005. From a 2014 post peak low of 4.85%, the rental vacancy rate has increased by 4.70%.
Rental Vacancy Rate: Harnett County NC, North Carolina, US
Historical Rental Vacancy Rate data for Harnett County
| Date | US | North Carolina | Harnett County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | — |
| 2018 | 6.15% | 7.03% | 9.55% |
| 2017 | 6.18% | 6.77% | — |
| 2016 | 5.89% | 6.99% | 5.99% |
| 2015 | 5.85% | 7.02% | 11.42% |
| 2014 | 6.32% | 7.29% | 4.85% |
| 2013 | 6.49% | 7.46% | 8.92% |
| 2012 | 6.77% | 8.00% | 8.04% |
| 2011 | 7.40% | 9.31% | 8.27% |
| 2010 | 8.17% | 9.97% | 11.64% |
| 2009 | 8.43% | 10.10% | 13.17% |
| 2007 | 7.87% | 9.26% | 4.95% |
| 2005 | 7.74% | 9.99% | 13.12% |
Rent as a Fraction of Income
Using median household income data for Harnett County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Harnett County, median monthly gross rent as a fraction of median household income was 19.22% in 2019 according to the ACS.
Harnett 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% |
| Harnett County NC | 19.22% | -1.36% | -0.25% |
Trends in Harnett County NC Rent as a Fraction of Income
The fraction of median Harnett County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 24.10%. Since then it has fallen by 4.88% to 19.22%.
Fraction of Income towards Rent: Harnett County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Harnett County North Carolina
| Date | US | North Carolina | Harnett County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 19.22% |
| 2018 | 20.50% | 20.05% | 20.58% |
| 2017 | 20.13% | 19.59% | 19.84% |
| 2016 | 20.43% | 19.90% | 19.47% |
| 2015 | 20.63% | 20.75% | 20.27% |
| 2014 | 20.89% | 20.70% | 20.91% |
| 2013 | 20.78% | 20.34% | 19.77% |
| 2012 | 20.65% | 20.09% | 19.40% |
| 2011 | 20.70% | 20.36% | 21.41% |
| 2010 | 20.50% | 20.25% | 24.10% |
| 2009 | 20.12% | 19.78% | 18.95% |
| 2007 | 18.66% | 18.21% | 20.86% |
| 2005 | 18.89% | 18.71% | 19.22% |
Renter Fraction in Harnett County North Carolina
You can calculate the renter fraction in Harnett 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 Harnett County as a fraction of total Harnett County households. In 2019 35.24% of households were renters according to Census ACS data.
Harnett 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% |
| Harnett County NC | 35.24% | +0.35% | -1.89% |
Trends in the Harnett County NC Renter Fraction
The Harnett County household renter fraction peaked in in 2014 at 39.98% and is now 4.74% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Harnett County NC, North Carolina, US
History of Harnett County Renter Fraction
| Date | US | North Carolina | Harnett County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 35.24% |
| 2018 | 36.05% | 34.86% | 34.89% |
| 2017 | 36.13% | 34.60% | 33.17% |
| 2016 | 36.88% | 35.78% | 37.13% |
| 2015 | 36.97% | 36.13% | 35.08% |
| 2014 | 36.90% | 35.75% | 39.98% |
| 2013 | 36.50% | 35.74% | 32.70% |
| 2012 | 36.09% | 34.56% | 30.30% |
| 2011 | 35.42% | 33.49% | 35.97% |
| 2010 | 34.65% | 32.83% | 32.74% |
| 2009 | 34.13% | 32.81% | 29.83% |
| 2007 | 32.80% | 31.70% | 35.98% |
| 2005 | 33.10% | 31.81% | 27.47% |
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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