Belmont County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Belmont County OH was $662 in 2019 according to the Census ACS survey.1 Average gross rent in Belmont County was $579 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 Belmont County median and average rent data will be released in September of 2021.
Data is also available below for Belmont County rental vacancy rates, Belmont County rent as a percent of median income and the fraction of renters in Belmont County.
Real Gross Rent in Belmont County Ohio (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Ohio Median Gross Rent | $813 | +0.25% | +2.26% |
| Belmont County OH Median Gross Rent | $662 | +2.64% | -0.30% |
Belmont County OH Real Gross Rent Trends
Median gross rent for Belmont County peaked in real terms in 2016 at $664 and is now $2 (0.30%) lower. At $579, real average gross rent in Belmont County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Belmont County OH Median, Belmont County OH Average, Ohio Median, US Median
Real Gross Rent History for Belmont County
| Date | US Median |
Ohio Median |
Belmont County OH Median |
Belmont County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $662 | $579 |
| 2018 | $1,077 | $811 | $645 | $537 |
| 2017 | $1,043 | $796 | $627 | $493 |
| 2016 | $1,027 | $795 | $664 | $563 |
| 2015 | $1,017 | $791 | $577 | $553 |
| 2014 | $986 | $776 | $662 | $569 |
| 2013 | $953 | $747 | $585 | $517 |
| 2012 | $940 | $745 | $555 | $484 |
| 2011 | $941 | $747 | $551 | $483 |
| 2010 | $955 | $765 | $540 | $514 |
| 2009 | $960 | $764 | $563 | $525 |
| 2007 | $927 | $755 | $517 | $463 |
| 2005 | $910 | $766 | $575 | $510 |
Belmont 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 Belmont County Ohio was 3.01% according to Census ACS data.
Rental Vacancy Rate in Belmont County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Belmont County OH | 3.01% | -26.10% | -1.73% |
Trends in Belmont County OH Rental Vacancy Rate
The rental vacancy rate in Belmont County peaked in 2018 at 29.11%. Since then it has fallen by 26.10% to 3.01%. Data records for this series originated in 2005.
Rental Vacancy Rate: Belmont County OH, Ohio, US
Historical Rental Vacancy Rate data for Belmont County
| Date | US | Ohio | Belmont County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 3.01% |
| 2018 | 6.15% | 5.54% | 29.11% |
| 2017 | 6.18% | 5.62% | 27.63% |
| 2016 | 5.89% | 5.44% | 4.74% |
| 2015 | 5.85% | 5.56% | 10.70% |
| 2014 | 6.32% | 6.26% | 4.83% |
| 2013 | 6.49% | 6.15% | — |
| 2012 | 6.77% | 7.08% | — |
| 2011 | 7.40% | 7.89% | 9.44% |
| 2010 | 8.17% | 9.45% | 11.90% |
| 2009 | 8.43% | 9.17% | 5.98% |
| 2007 | 7.87% | 10.00% | 5.71% |
| 2005 | 7.74% | 10.37% | 14.26% |
Rent as a Fraction of Income
Using median household income data for Belmont County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Belmont County, median monthly gross rent as a fraction of median household income was 15.96% in 2019 according to the ACS.
Belmont County Ohio Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Ohio | 16.64% | -0.41% | -0.77% |
| Belmont County OH | 15.96% | +0.82% | +0.18% |
Trends in Belmont County OH Rent as a Fraction of Income
The fraction of median Belmont County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.88%. Since then it has fallen by 1.92% to 15.96%.
Fraction of Income towards Rent: Belmont County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Belmont County Ohio
| Date | US | Ohio | Belmont County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 15.96% |
| 2018 | 20.50% | 17.04% | 15.14% |
| 2017 | 20.13% | 17.15% | 13.45% |
| 2016 | 20.43% | 17.40% | 15.78% |
| 2015 | 20.63% | 17.53% | 14.16% |
| 2014 | 20.89% | 17.89% | 17.88% |
| 2013 | 20.78% | 17.70% | 17.46% |
| 2012 | 20.65% | 17.94% | 14.16% |
| 2011 | 20.70% | 18.15% | 14.93% |
| 2010 | 20.50% | 18.23% | 15.04% |
| 2009 | 20.12% | 17.71% | 15.50% |
| 2007 | 18.66% | 16.56% | 14.78% |
| 2005 | 18.89% | 16.91% | 15.94% |
Renter Fraction in Belmont County Ohio
You can calculate the renter fraction in Belmont 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 Belmont County as a fraction of total Belmont County households. In 2019 26.77% of households were renters according to Census ACS data.
Belmont County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Ohio | 33.96% | -0.17% | -0.68% |
| Belmont County OH | 26.77% | +4.73% | -0.81% |
Trends in the Belmont County OH Renter Fraction
The Belmont County household renter fraction peaked in in 2009 at 28.89% and is now 2.12% below that level. From a recent low of 17.58% in 2017, the household based renter fraction has now grown by 9.19%. The origin year for the series is 2005.
Fraction of Renting Households: Belmont County OH, Ohio, US
History of Belmont County Renter Fraction
| Date | US | Ohio | Belmont County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 26.77% |
| 2018 | 36.05% | 34.13% | 22.04% |
| 2017 | 36.13% | 34.22% | 17.58% |
| 2016 | 36.88% | 34.64% | 27.58% |
| 2015 | 36.97% | 34.59% | 24.76% |
| 2014 | 36.90% | 34.67% | 27.26% |
| 2013 | 36.50% | 33.93% | 25.02% |
| 2012 | 36.09% | 33.71% | 28.76% |
| 2011 | 35.42% | 33.02% | 25.49% |
| 2010 | 34.65% | 31.60% | 22.57% |
| 2009 | 34.13% | 31.95% | 28.89% |
| 2007 | 32.80% | 30.32% | 28.54% |
| 2005 | 33.10% | 30.06% | 21.49% |
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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