Erie County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Erie County OH was $758 in 2019 according to the Census ACS survey.1 Average gross rent in Erie County was $722 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 Erie County median and average rent data will be released in September of 2021.
Data is also available below for Erie County rental vacancy rates, Erie County rent as a percent of median income and the fraction of renters in Erie County.
Real Gross Rent in Erie 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% |
| Erie County OH Median Gross Rent | $758 | -4.41% | +0.66% |
Erie County OH Real Gross Rent Trends
Median gross rent for Erie County peaked in real terms in 2014 at $795 and is now $37 (4.65%) lower. Average gross rent for Erie County peaked in real terms in 2018 at $778 and is now $56 (7.20%) lower.
Real Gross Rent: Erie County OH Median, Erie County OH Average, Ohio Median, US Median
Real Gross Rent History for Erie County
| Date | US Median |
Ohio Median |
Erie County OH Median |
Erie County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $758 | $722 |
| 2018 | $1,077 | $811 | $793 | $778 |
| 2017 | $1,043 | $796 | $701 | $731 |
| 2016 | $1,027 | $795 | $753 | $728 |
| 2015 | $1,017 | $791 | $752 | $675 |
| 2014 | $986 | $776 | $795 | $758 |
| 2013 | $953 | $747 | $722 | $666 |
| 2012 | $940 | $745 | $711 | $667 |
| 2011 | $941 | $747 | $769 | $663 |
| 2010 | $955 | $765 | $724 | $707 |
| 2009 | $960 | $764 | $744 | $704 |
| 2007 | $927 | $755 | $733 | $744 |
| 2005 | $910 | $766 | $746 | $759 |
Erie 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 Erie County Ohio was 15.12% according to Census ACS data.
Rental Vacancy Rate in Erie County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Erie County OH | 15.12% | — | +10.20% |
Trends in Erie County OH Rental Vacancy Rate
At 15.12%, Erie County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Erie County OH, Ohio, US
Historical Rental Vacancy Rate data for Erie County
| Date | US | Ohio | Erie County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 15.12% |
| 2018 | 6.15% | 5.54% | — |
| 2017 | 6.18% | 5.62% | 4.24% |
| 2016 | 5.89% | 5.44% | 4.92% |
| 2015 | 5.85% | 5.56% | 8.43% |
| 2014 | 6.32% | 6.26% | 6.09% |
| 2013 | 6.49% | 6.15% | 8.26% |
| 2012 | 6.77% | 7.08% | 5.03% |
| 2011 | 7.40% | 7.89% | 3.64% |
| 2010 | 8.17% | 9.45% | 6.67% |
| 2009 | 8.43% | 9.17% | 4.88% |
| 2007 | 7.87% | 10.00% | 10.64% |
| 2005 | 7.74% | 10.37% | — |
Rent as a Fraction of Income
Using median household income data for Erie County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Erie County, median monthly gross rent as a fraction of median household income was 15.00% in 2019 according to the ACS.
Erie 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% |
| Erie County OH | 15.00% | -3.79% | -2.63% |
Trends in Erie County OH Rent as a Fraction of Income
The fraction of median Erie County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 18.79%. Since then it has fallen by 3.79% to 15.00%.
Fraction of Income towards Rent: Erie County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Erie County Ohio
| Date | US | Ohio | Erie County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 15.00% |
| 2018 | 20.50% | 17.04% | 18.79% |
| 2017 | 20.13% | 17.15% | 14.85% |
| 2016 | 20.43% | 17.40% | 17.63% |
| 2015 | 20.63% | 17.53% | 17.90% |
| 2014 | 20.89% | 17.89% | 18.54% |
| 2013 | 20.78% | 17.70% | 17.87% |
| 2012 | 20.65% | 17.94% | 17.94% |
| 2011 | 20.70% | 18.15% | 18.20% |
| 2010 | 20.50% | 18.23% | 18.41% |
| 2009 | 20.12% | 17.71% | 18.18% |
| 2007 | 18.66% | 16.56% | 15.39% |
| 2005 | 18.89% | 16.91% | 17.63% |
Renter Fraction in Erie County Ohio
You can calculate the renter fraction in Erie 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 Erie County as a fraction of total Erie County households. In 2019 27.97% of households were renters according to Census ACS data.
Erie 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% |
| Erie County OH | 27.97% | -1.19% | -0.95% |
Trends in the Erie County OH Renter Fraction
The Erie County household renter fraction peaked in in 2017 at 34.52% and is now 6.55% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Erie County OH, Ohio, US
History of Erie County Renter Fraction
| Date | US | Ohio | Erie County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 27.97% |
| 2018 | 36.05% | 34.13% | 29.16% |
| 2017 | 36.13% | 34.22% | 34.52% |
| 2016 | 36.88% | 34.64% | 28.92% |
| 2015 | 36.97% | 34.59% | 31.25% |
| 2014 | 36.90% | 34.67% | 33.13% |
| 2013 | 36.50% | 33.93% | 30.63% |
| 2012 | 36.09% | 33.71% | 31.09% |
| 2011 | 35.42% | 33.02% | 32.07% |
| 2010 | 34.65% | 31.60% | 30.87% |
| 2009 | 34.13% | 31.95% | 28.16% |
| 2007 | 32.80% | 30.32% | 22.70% |
| 2005 | 33.10% | 30.06% | 31.64% |
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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