Lucas County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Lucas County OH was $757 in 2019 according to the Census ACS survey.1 Average gross rent in Lucas County was $741 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 Lucas County median and average rent data will be released in September of 2021.
Data is also available below for Lucas County rental vacancy rates, Lucas County rent as a percent of median income and the fraction of renters in Lucas County.
Real Gross Rent in Lucas 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% |
| Lucas County OH Median Gross Rent | $757 | +0.13% | +7.22% |
Lucas County OH Real Gross Rent Trends
At $757, real median gross rent in Lucas County was at its highest level in 2019 since the series began in 2005. Average gross rent for Lucas County peaked in real terms in 2008 at $776 and is now $35 (4.51%) lower. From a recent low of 677.0 in 2013, real average gross rent has now increased by $64 (9.45%).
Real Gross Rent: Lucas County OH Median, Lucas County OH Average, Ohio Median, US Median
Real Gross Rent History for Lucas County
| Date | US Median |
Ohio Median |
Lucas County OH Median |
Lucas County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $757 | $741 |
| 2018 | $1,077 | $811 | $756 | $769 |
| 2017 | $1,043 | $796 | $721 | $715 |
| 2016 | $1,027 | $795 | $706 | $709 |
| 2015 | $1,017 | $791 | $734 | $728 |
| 2014 | $986 | $776 | $713 | $697 |
| 2013 | $953 | $747 | $675 | $677 |
| 2012 | $940 | $745 | $657 | $699 |
| 2011 | $941 | $747 | $693 | $699 |
| 2010 | $955 | $765 | $711 | $719 |
| 2009 | $960 | $764 | $677 | $686 |
| 2007 | $927 | $755 | $717 | $734 |
| 2005 | $910 | $766 | $726 | $728 |
Lucas 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 Lucas County Ohio was 4.94% according to Census ACS data.
Rental Vacancy Rate in Lucas County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Lucas County OH | 4.94% | -3.11% | +1.04% |
Trends in Lucas County OH Rental Vacancy Rate
The rental vacancy rate in Lucas County peaked in 2005 at 13.60%. Since then it has fallen by 8.66% to 4.94%. Data records for this series originated in 2005. From a 2016 post peak low of 3.90%, the rental vacancy rate has increased by 1.04%.
Rental Vacancy Rate: Lucas County OH, Ohio, US
Historical Rental Vacancy Rate data for Lucas County
| Date | US | Ohio | Lucas County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 4.94% |
| 2018 | 6.15% | 5.54% | 8.05% |
| 2017 | 6.18% | 5.62% | 6.66% |
| 2016 | 5.89% | 5.44% | 3.90% |
| 2015 | 5.85% | 5.56% | 6.56% |
| 2014 | 6.32% | 6.26% | 8.19% |
| 2013 | 6.49% | 6.15% | 9.75% |
| 2012 | 6.77% | 7.08% | 8.60% |
| 2011 | 7.40% | 7.89% | 7.30% |
| 2010 | 8.17% | 9.45% | 9.66% |
| 2009 | 8.43% | 9.17% | 9.69% |
| 2007 | 7.87% | 10.00% | 12.01% |
| 2005 | 7.74% | 10.37% | 13.60% |
Rent as a Fraction of Income
Using median household income data for Lucas County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lucas County, median monthly gross rent as a fraction of median household income was 18.37% in 2019 according to the ACS.
Lucas 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% |
| Lucas County OH | 18.37% | -0.46% | +0.21% |
Trends in Lucas County OH Rent as a Fraction of Income
The fraction of median Lucas County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.05%. Since then it has fallen by 1.68% to 18.37%.
Fraction of Income towards Rent: Lucas County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Lucas County Ohio
| Date | US | Ohio | Lucas County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 18.37% |
| 2018 | 20.50% | 17.04% | 18.83% |
| 2017 | 20.13% | 17.15% | 17.73% |
| 2016 | 20.43% | 17.40% | 18.16% |
| 2015 | 20.63% | 17.53% | 19.50% |
| 2014 | 20.89% | 17.89% | 19.23% |
| 2013 | 20.78% | 17.70% | 19.11% |
| 2012 | 20.65% | 17.94% | 18.30% |
| 2011 | 20.70% | 18.15% | 20.05% |
| 2010 | 20.50% | 18.23% | 19.68% |
| 2009 | 20.12% | 17.71% | 17.85% |
| 2007 | 18.66% | 16.56% | 16.37% |
| 2005 | 18.89% | 16.91% | 17.28% |
Renter Fraction in Lucas County Ohio
You can calculate the renter fraction in Lucas 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 Lucas County as a fraction of total Lucas County households. In 2019 39.75% of households were renters according to Census ACS data.
Lucas 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% |
| Lucas County OH | 39.75% | -0.37% | -2.69% |
Trends in the Lucas County OH Renter Fraction
The Lucas County household renter fraction peaked in in 2016 at 42.44% and is now 2.69% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lucas County OH, Ohio, US
History of Lucas County Renter Fraction
| Date | US | Ohio | Lucas County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 39.75% |
| 2018 | 36.05% | 34.13% | 40.12% |
| 2017 | 36.13% | 34.22% | 40.88% |
| 2016 | 36.88% | 34.64% | 42.44% |
| 2015 | 36.97% | 34.59% | 39.80% |
| 2014 | 36.90% | 34.67% | 39.59% |
| 2013 | 36.50% | 33.93% | 39.92% |
| 2012 | 36.09% | 33.71% | 38.65% |
| 2011 | 35.42% | 33.02% | 40.12% |
| 2010 | 34.65% | 31.60% | 36.53% |
| 2009 | 34.13% | 31.95% | 35.83% |
| 2007 | 32.80% | 30.32% | 33.09% |
| 2005 | 33.10% | 30.06% | 33.07% |
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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