Onslow County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Onslow County NC was $900 in 2019 according to the Census ACS survey.1 Average gross rent in Onslow County was $909 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 Onslow County median and average rent data will be released in September of 2021.
Data is also available below for Onslow County rental vacancy rates, Onslow County rent as a percent of median income and the fraction of renters in Onslow County.
Real Gross Rent in Onslow 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% |
| Onslow County NC Median Gross Rent | $900 | -11.15% | -9.91% |
Onslow County NC Real Gross Rent Trends
Median gross rent for Onslow County peaked in real terms in 2017 at $1,089 and is now $189 (17.36%) lower. Average gross rent for Onslow County peaked in real terms in 2017 at $1,048 and is now $139 (13.26%) lower.
Real Gross Rent: Onslow County NC Median, Onslow County NC Average, North Carolina Median, US Median
Real Gross Rent History for Onslow County
| Date | US Median |
North Carolina Median |
Onslow County NC Median |
Onslow County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $900 | $909 |
| 2018 | $1,077 | $916 | $1,013 | $993 |
| 2017 | $1,043 | $888 | $1,089 | $1,048 |
| 2016 | $1,027 | $879 | $999 | $916 |
| 2015 | $1,017 | $877 | $994 | $998 |
| 2014 | $986 | $848 | $962 | $960 |
| 2013 | $953 | $819 | $964 | $917 |
| 2012 | $940 | $804 | $985 | $913 |
| 2011 | $941 | $805 | $1,000 | $976 |
| 2010 | $955 | $817 | $1,048 | $1,001 |
| 2009 | $960 | $821 | $972 | $896 |
| 2007 | $927 | $797 | $836 | $772 |
| 2005 | $910 | $794 | $846 | $695 |
Onslow 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 Onslow County North Carolina was 4.58% according to Census ACS data.
Rental Vacancy Rate in Onslow 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% |
| Onslow County NC | 4.58% | -1.64% | -11.17% |
Trends in Onslow County NC Rental Vacancy Rate
The rental vacancy rate in Onslow County peaked in 2016 at 15.75%. Since then it has fallen by 11.17% to 4.58%. Data records for this series originated in 2005.
Rental Vacancy Rate: Onslow County NC, North Carolina, US
Historical Rental Vacancy Rate data for Onslow County
| Date | US | North Carolina | Onslow County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | 4.58% |
| 2018 | 6.15% | 7.03% | 6.22% |
| 2017 | 6.18% | 6.77% | 11.48% |
| 2016 | 5.89% | 6.99% | 15.75% |
| 2015 | 5.85% | 7.02% | 10.26% |
| 2014 | 6.32% | 7.29% | 12.10% |
| 2013 | 6.49% | 7.46% | 9.98% |
| 2012 | 6.77% | 8.00% | 9.31% |
| 2011 | 7.40% | 9.31% | 14.06% |
| 2010 | 8.17% | 9.97% | 2.36% |
| 2009 | 8.43% | 10.10% | 2.42% |
| 2007 | 7.87% | 9.26% | 13.21% |
| 2005 | 7.74% | 9.99% | 9.94% |
Rent as a Fraction of Income
Using median household income data for Onslow County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Onslow County, median monthly gross rent as a fraction of median household income was 21.80% in 2019 according to the ACS.
Onslow 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% |
| Onslow County NC | 21.80% | -1.78% | -2.48% |
Trends in Onslow County NC Rent as a Fraction of Income
The fraction of median Onslow County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 26.94%. Since then it has fallen by 5.14% to 21.80%.
Fraction of Income towards Rent: Onslow County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Onslow County North Carolina
| Date | US | North Carolina | Onslow County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 21.80% |
| 2018 | 20.50% | 20.05% | 23.58% |
| 2017 | 20.13% | 19.59% | 25.40% |
| 2016 | 20.43% | 19.90% | 24.28% |
| 2015 | 20.63% | 20.75% | 24.53% |
| 2014 | 20.89% | 20.70% | 22.98% |
| 2013 | 20.78% | 20.34% | 24.58% |
| 2012 | 20.65% | 20.09% | 25.11% |
| 2011 | 20.70% | 20.36% | 24.38% |
| 2010 | 20.50% | 20.25% | 26.94% |
| 2009 | 20.12% | 19.78% | 24.83% |
| 2007 | 18.66% | 18.21% | 20.27% |
| 2005 | 18.89% | 18.71% | 19.70% |
Renter Fraction in Onslow County North Carolina
You can calculate the renter fraction in Onslow 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 Onslow County as a fraction of total Onslow County households. In 2019 45.60% of households were renters according to Census ACS data.
Onslow 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% |
| Onslow County NC | 45.60% | -0.81% | -4.08% |
Trends in the Onslow County NC Renter Fraction
The Onslow County household renter fraction peaked in in 2013 at 49.79% and is now 4.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Onslow County NC, North Carolina, US
History of Onslow County Renter Fraction
| Date | US | North Carolina | Onslow County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 45.60% |
| 2018 | 36.05% | 34.86% | 46.41% |
| 2017 | 36.13% | 34.60% | 45.33% |
| 2016 | 36.88% | 35.78% | 49.68% |
| 2015 | 36.97% | 36.13% | 48.10% |
| 2014 | 36.90% | 35.75% | 45.29% |
| 2013 | 36.50% | 35.74% | 49.79% |
| 2012 | 36.09% | 34.56% | 46.23% |
| 2011 | 35.42% | 33.49% | 39.19% |
| 2010 | 34.65% | 32.83% | 46.88% |
| 2009 | 34.13% | 32.81% | 45.25% |
| 2007 | 32.80% | 31.70% | 38.74% |
| 2005 | 33.10% | 31.81% | 39.35% |
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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