Hamilton County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Hamilton County OH was $831 in 2019 according to the Census ACS survey.1 Average gross rent in Hamilton County was $874 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 Hamilton County median and average rent data will be released in September of 2021.
Data is also available below for Hamilton County rental vacancy rates, Hamilton County rent as a percent of median income and the fraction of renters in Hamilton County.
Real Gross Rent in Hamilton 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% |
| Hamilton County OH Median Gross Rent | $831 | +1.59% | +4.27% |
Hamilton County OH Real Gross Rent Trends
At $831, real median gross rent in Hamilton County was at its highest level in 2019 since the series began in 2005. Average gross rent for Hamilton County peaked in real terms in 2018 at $887 and is now $13 (1.47%) lower.
Real Gross Rent: Hamilton County OH Median, Hamilton County OH Average, Ohio Median, US Median
Real Gross Rent History for Hamilton County
| Date | US Median |
Ohio Median |
Hamilton County OH Median |
Hamilton County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $831 | $874 |
| 2018 | $1,077 | $811 | $818 | $887 |
| 2017 | $1,043 | $796 | $799 | $844 |
| 2016 | $1,027 | $795 | $797 | $844 |
| 2015 | $1,017 | $791 | $778 | $844 |
| 2014 | $986 | $776 | $752 | $800 |
| 2013 | $953 | $747 | $720 | $767 |
| 2012 | $940 | $745 | $727 | $784 |
| 2011 | $941 | $747 | $725 | $777 |
| 2010 | $955 | $765 | $755 | $821 |
| 2009 | $960 | $764 | $736 | $815 |
| 2007 | $927 | $755 | $721 | $773 |
| 2005 | $910 | $766 | $713 | $779 |
Hamilton 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 Hamilton County Ohio was 4.28% according to Census ACS data.
Rental Vacancy Rate in Hamilton County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Hamilton County OH | 4.28% | -1.40% | -1.52% |
Trends in Hamilton County OH Rental Vacancy Rate
The rental vacancy rate in Hamilton County peaked in 2007 at 15.43%. Since then it has fallen by 11.15% to 4.28%. Data records for this series originated in 2005.
Rental Vacancy Rate: Hamilton County OH, Ohio, US
Historical Rental Vacancy Rate data for Hamilton County
| Date | US | Ohio | Hamilton County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 4.28% |
| 2018 | 6.15% | 5.54% | 5.68% |
| 2017 | 6.18% | 5.62% | 5.83% |
| 2016 | 5.89% | 5.44% | 5.80% |
| 2015 | 5.85% | 5.56% | 6.39% |
| 2014 | 6.32% | 6.26% | 6.36% |
| 2013 | 6.49% | 6.15% | 6.36% |
| 2012 | 6.77% | 7.08% | 8.01% |
| 2011 | 7.40% | 7.89% | 14.35% |
| 2010 | 8.17% | 9.45% | 11.02% |
| 2009 | 8.43% | 9.17% | 10.41% |
| 2007 | 7.87% | 10.00% | 15.43% |
| 2005 | 7.74% | 10.37% | 12.50% |
Rent as a Fraction of Income
Using median household income data for Hamilton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hamilton County, median monthly gross rent as a fraction of median household income was 16.57% in 2019 according to the ACS.
Hamilton 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% |
| Hamilton County OH | 16.57% | -0.28% | -0.59% |
Trends in Hamilton County OH Rent as a Fraction of Income
The fraction of median Hamilton County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.54%. Since then it has fallen by 0.98% to 16.57%.
Fraction of Income towards Rent: Hamilton County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Hamilton County Ohio
| Date | US | Ohio | Hamilton County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 16.57% |
| 2018 | 20.50% | 17.04% | 16.85% |
| 2017 | 20.13% | 17.15% | 16.89% |
| 2016 | 20.43% | 17.40% | 17.16% |
| 2015 | 20.63% | 17.53% | 17.25% |
| 2014 | 20.89% | 17.89% | 17.52% |
| 2013 | 20.78% | 17.70% | 17.48% |
| 2012 | 20.65% | 17.94% | 17.50% |
| 2011 | 20.70% | 18.15% | 17.53% |
| 2010 | 20.50% | 18.23% | 17.54% |
| 2009 | 20.12% | 17.71% | 16.69% |
| 2007 | 18.66% | 16.56% | 15.22% |
| 2005 | 18.89% | 16.91% | 15.57% |
Renter Fraction in Hamilton County Ohio
You can calculate the renter fraction in Hamilton 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 Hamilton County as a fraction of total Hamilton County households. In 2019 41.17% of households were renters according to Census ACS data.
Hamilton 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% |
| Hamilton County OH | 41.17% | -1.29% | -2.00% |
Trends in the Hamilton County OH Renter Fraction
The Hamilton County household renter fraction peaked in in 2014 at 43.58% and is now 2.41% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Hamilton County OH, Ohio, US
History of Hamilton County Renter Fraction
| Date | US | Ohio | Hamilton County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 41.17% |
| 2018 | 36.05% | 34.13% | 42.46% |
| 2017 | 36.13% | 34.22% | 41.92% |
| 2016 | 36.88% | 34.64% | 43.17% |
| 2015 | 36.97% | 34.59% | 42.28% |
| 2014 | 36.90% | 34.67% | 43.58% |
| 2013 | 36.50% | 33.93% | 42.45% |
| 2012 | 36.09% | 33.71% | 41.81% |
| 2011 | 35.42% | 33.02% | 39.30% |
| 2010 | 34.65% | 31.60% | 39.14% |
| 2009 | 34.13% | 31.95% | 40.43% |
| 2007 | 32.80% | 30.32% | 36.79% |
| 2005 | 33.10% | 30.06% | 37.45% |
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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