Lincoln County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Lincoln County NC was $796 in 2019 according to the Census ACS survey.1 Average gross rent in Lincoln County was $712 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 Lincoln County median and average rent data will be released in September of 2021.
Data is also available below for Lincoln County rental vacancy rates, Lincoln County rent as a percent of median income and the fraction of renters in Lincoln County.
Real Gross Rent in Lincoln 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% |
| Lincoln County NC Median Gross Rent | $796 | +7.71% | +10.86% |
Lincoln County NC Real Gross Rent Trends
At $796, real median gross rent in Lincoln County was at its highest level in 2019 since the series began in 2005. Average gross rent for Lincoln County peaked in real terms in 2018 at $782 and is now $70 (8.95%) lower.
Real Gross Rent: Lincoln County NC Median, Lincoln County NC Average, North Carolina Median, US Median
Real Gross Rent History for Lincoln County
| Date | US Median |
North Carolina Median |
Lincoln County NC Median |
Lincoln County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $796 | $712 |
| 2018 | $1,077 | $916 | $739 | $782 |
| 2017 | $1,043 | $888 | $757 | $781 |
| 2016 | $1,027 | $879 | $718 | $676 |
| 2015 | $1,017 | $877 | $744 | $770 |
| 2014 | $986 | $848 | $686 | $703 |
| 2013 | $953 | $819 | $694 | $718 |
| 2012 | $940 | $804 | $713 | $623 |
| 2011 | $941 | $805 | $692 | $745 |
| 2010 | $955 | $817 | $701 | $660 |
| 2009 | $960 | $821 | $710 | $652 |
| 2007 | $927 | $797 | $734 | $632 |
| 2005 | $910 | $794 | $704 | $588 |
Historical Rental Vacancy Rate data for Lincoln County
| Date | US | North Carolina | Lincoln County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | — |
| 2018 | 6.15% | 7.03% | — |
| 2017 | 6.18% | 6.77% | — |
| 2016 | 5.89% | 6.99% | — |
| 2015 | 5.85% | 7.02% | — |
| 2014 | 6.32% | 7.29% | — |
| 2013 | 6.49% | 7.46% | — |
| 2012 | 6.77% | 8.00% | — |
| 2011 | 7.40% | 9.31% | — |
| 2010 | 8.17% | 9.97% | — |
| 2009 | 8.43% | 10.10% | 9.20% |
| 2007 | 7.87% | 9.26% | — |
| 2005 | 7.74% | 9.99% | — |
Rent as a Fraction of Income
Using median household income data for Lincoln County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lincoln County, median monthly gross rent as a fraction of median household income was 13.36% in 2019 according to the ACS.
Lincoln 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% |
| Lincoln County NC | 13.36% | -0.30% | -3.29% |
Trends in Lincoln County NC Rent as a Fraction of Income
The fraction of median Lincoln County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 18.02%. Since then it has fallen by 4.66% to 13.36%.
Fraction of Income towards Rent: Lincoln County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Lincoln County North Carolina
| Date | US | North Carolina | Lincoln County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 13.36% |
| 2018 | 20.50% | 20.05% | 13.66% |
| 2017 | 20.13% | 19.59% | 16.20% |
| 2016 | 20.43% | 19.90% | 16.65% |
| 2015 | 20.63% | 20.75% | 17.94% |
| 2014 | 20.89% | 20.70% | 16.21% |
| 2013 | 20.78% | 20.34% | 16.11% |
| 2012 | 20.65% | 20.09% | 17.44% |
| 2011 | 20.70% | 20.36% | 14.75% |
| 2010 | 20.50% | 20.25% | 17.72% |
| 2009 | 20.12% | 19.78% | 15.82% |
| 2007 | 18.66% | 18.21% | 15.28% |
| 2005 | 18.89% | 18.71% | 15.01% |
Renter Fraction in Lincoln County North Carolina
You can calculate the renter fraction in Lincoln 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 Lincoln County as a fraction of total Lincoln County households. In 2019 25.16% of households were renters according to Census ACS data.
Lincoln 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% |
| Lincoln County NC | 25.16% | +2.67% | +0.38% |
Trends in the Lincoln County NC Renter Fraction
The Lincoln County household renter fraction peaked in in 2008 at 28.23% and is now 3.07% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lincoln County NC, North Carolina, US
History of Lincoln County Renter Fraction
| Date | US | North Carolina | Lincoln County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 25.16% |
| 2018 | 36.05% | 34.86% | 22.49% |
| 2017 | 36.13% | 34.60% | 23.49% |
| 2016 | 36.88% | 35.78% | 24.78% |
| 2015 | 36.97% | 36.13% | 23.85% |
| 2014 | 36.90% | 35.75% | 25.75% |
| 2013 | 36.50% | 35.74% | 22.57% |
| 2012 | 36.09% | 34.56% | 24.18% |
| 2011 | 35.42% | 33.49% | 22.06% |
| 2010 | 34.65% | 32.83% | 20.67% |
| 2009 | 34.13% | 32.81% | 27.03% |
| 2007 | 32.80% | 31.70% | 22.48% |
| 2005 | 33.10% | 31.81% | 19.86% |
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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