Johnston County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Johnston County NC was $829 in 2019 according to the Census ACS survey.1 Average gross rent in Johnston County was $775 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 Johnston County median and average rent data will be released in September of 2021.
Data is also available below for Johnston County rental vacancy rates, Johnston County rent as a percent of median income and the fraction of renters in Johnston County.
Real Gross Rent in Johnston 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% |
| Johnston County NC Median Gross Rent | $829 | -8.09% | -3.04% |
Johnston County NC Real Gross Rent Trends
Median gross rent for Johnston County peaked in real terms in 2010 at $933 and is now $104 (11.15%) lower. From a recent low of 707.0 in 2012, real median gross rent has now increased by $122 (17.26%). Average gross rent for Johnston County peaked in real terms in 2018 at $910 and is now $135 (14.84%) lower.
Real Gross Rent: Johnston County NC Median, Johnston County NC Average, North Carolina Median, US Median
Real Gross Rent History for Johnston County
| Date | US Median |
North Carolina Median |
Johnston County NC Median |
Johnston County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $829 | $775 |
| 2018 | $1,077 | $916 | $902 | $910 |
| 2017 | $1,043 | $888 | $835 | $853 |
| 2016 | $1,027 | $879 | $855 | $813 |
| 2015 | $1,017 | $877 | $848 | $847 |
| 2014 | $986 | $848 | $839 | $854 |
| 2013 | $953 | $819 | $809 | $816 |
| 2012 | $940 | $804 | $707 | $667 |
| 2011 | $941 | $805 | $756 | $688 |
| 2010 | $955 | $817 | $933 | $855 |
| 2009 | $960 | $821 | $817 | $742 |
| 2007 | $927 | $797 | $800 | $725 |
| 2005 | $910 | $794 | $806 | $669 |
Johnston 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 Johnston County North Carolina was 5.26% according to Census ACS data.
Rental Vacancy Rate in Johnston 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% |
| Johnston County NC | — | — | — |
Trends in Johnston County NC Rental Vacancy Rate
The rental vacancy rate in Johnston County peaked in 2006 at 14.39%. Since then it has fallen by 9.13% to 5.26%. Data records for this series originated in 2005. From a 2017 post peak low of 3.14%, the rental vacancy rate has increased by 2.12%.
Rental Vacancy Rate: Johnston County NC, North Carolina, US
Historical Rental Vacancy Rate data for Johnston County
| Date | US | North Carolina | Johnston County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | — |
| 2018 | 6.15% | 7.03% | 5.26% |
| 2017 | 6.18% | 6.77% | 3.14% |
| 2016 | 5.89% | 6.99% | — |
| 2015 | 5.85% | 7.02% | 5.52% |
| 2014 | 6.32% | 7.29% | 4.85% |
| 2013 | 6.49% | 7.46% | 7.54% |
| 2012 | 6.77% | 8.00% | — |
| 2011 | 7.40% | 9.31% | 13.37% |
| 2010 | 8.17% | 9.97% | 11.44% |
| 2009 | 8.43% | 10.10% | 13.61% |
| 2007 | 7.87% | 9.26% | 4.52% |
| 2005 | 7.74% | 9.99% | — |
Rent as a Fraction of Income
Using median household income data for Johnston County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Johnston County, median monthly gross rent as a fraction of median household income was 16.32% in 2019 according to the ACS.
Johnston 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% |
| Johnston County NC | 16.32% | -1.36% | -1.60% |
Trends in Johnston County NC Rent as a Fraction of Income
The fraction of median Johnston County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.79%. Since then it has fallen by 5.47% to 16.32%.
Fraction of Income towards Rent: Johnston County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Johnston County North Carolina
| Date | US | North Carolina | Johnston County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 16.32% |
| 2018 | 20.50% | 20.05% | 17.68% |
| 2017 | 20.13% | 19.59% | 16.73% |
| 2016 | 20.43% | 19.90% | 17.92% |
| 2015 | 20.63% | 20.75% | 18.36% |
| 2014 | 20.89% | 20.70% | 19.53% |
| 2013 | 20.78% | 20.34% | 18.25% |
| 2012 | 20.65% | 20.09% | 16.94% |
| 2011 | 20.70% | 20.36% | 17.90% |
| 2010 | 20.50% | 20.25% | 21.79% |
| 2009 | 20.12% | 19.78% | 17.52% |
| 2007 | 18.66% | 18.21% | 17.94% |
| 2005 | 18.89% | 18.71% | 17.12% |
Renter Fraction in Johnston County North Carolina
You can calculate the renter fraction in Johnston 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 Johnston County as a fraction of total Johnston County households. In 2019 26.54% of households were renters according to Census ACS data.
Johnston 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% |
| Johnston County NC | 26.54% | -3.26% | -1.09% |
Trends in the Johnston County NC Renter Fraction
The Johnston County household renter fraction peaked in in 2014 at 30.41% and is now 3.87% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Johnston County NC, North Carolina, US
History of Johnston County Renter Fraction
| Date | US | North Carolina | Johnston County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 26.54% |
| 2018 | 36.05% | 34.86% | 29.80% |
| 2017 | 36.13% | 34.60% | 25.65% |
| 2016 | 36.88% | 35.78% | 27.63% |
| 2015 | 36.97% | 36.13% | 29.04% |
| 2014 | 36.90% | 35.75% | 30.41% |
| 2013 | 36.50% | 35.74% | 27.81% |
| 2012 | 36.09% | 34.56% | 26.93% |
| 2011 | 35.42% | 33.49% | 30.18% |
| 2010 | 34.65% | 32.83% | 26.73% |
| 2009 | 34.13% | 32.81% | 26.50% |
| 2007 | 32.80% | 31.70% | 25.65% |
| 2005 | 33.10% | 31.81% | 27.00% |
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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