Medina County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Medina County OH was $887 in 2019 according to the Census ACS survey.1 Average gross rent in Medina County was $888 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 Medina County median and average rent data will be released in September of 2021.
Data is also available below for Medina County rental vacancy rates, Medina County rent as a percent of median income and the fraction of renters in Medina County.
Real Gross Rent in Medina 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% |
| Medina County OH Median Gross Rent | $887 | -0.67% | +2.90% |
Medina County OH Real Gross Rent Trends
Median gross rent for Medina County peaked in real terms in 2008 at $927 and is now $40 (4.31%) lower. From a recent low of 837.0 in 2012, real median gross rent has now increased by $50 (5.97%). Average gross rent for Medina County peaked in real terms in 2008 at $995 and is now $107 (10.75%) lower. From a recent low of 829.0 in 2009, real average gross rent has now increased by $59 (7.12%).
Real Gross Rent: Medina County OH Median, Medina County OH Average, Ohio Median, US Median
Real Gross Rent History for Medina County
| Date | US Median |
Ohio Median |
Medina County OH Median |
Medina County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $887 | $888 |
| 2018 | $1,077 | $811 | $893 | $905 |
| 2017 | $1,043 | $796 | $861 | $902 |
| 2016 | $1,027 | $795 | $862 | $913 |
| 2015 | $1,017 | $791 | $861 | $866 |
| 2014 | $986 | $776 | $883 | $896 |
| 2013 | $953 | $747 | $886 | $908 |
| 2012 | $940 | $745 | $837 | $835 |
| 2011 | $941 | $747 | $868 | $887 |
| 2010 | $955 | $765 | $881 | $836 |
| 2009 | $960 | $764 | $860 | $829 |
| 2007 | $927 | $755 | $864 | $861 |
| 2005 | $910 | $766 | $874 | $889 |
Medina County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Medina County Ohio was 3.93% according to Census ACS data.
Rental Vacancy Rate in Medina County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Medina County OH | — | — | — |
Trends in Medina County OH Rental Vacancy Rate
The rental vacancy rate in Medina County peaked in 2007 at 14.55%. Since then it has fallen by 10.62% to 3.93%. Data records for this series originated in 2005. From a 2012 post peak low of 2.99%, the rental vacancy rate has increased by 0.94%.
Rental Vacancy Rate: Medina County OH, Ohio, US
Historical Rental Vacancy Rate data for Medina County
| Date | US | Ohio | Medina County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | — |
| 2018 | 6.15% | 5.54% | — |
| 2017 | 6.18% | 5.62% | 3.93% |
| 2016 | 5.89% | 5.44% | 5.33% |
| 2015 | 5.85% | 5.56% | 3.93% |
| 2014 | 6.32% | 6.26% | 4.55% |
| 2013 | 6.49% | 6.15% | 3.98% |
| 2012 | 6.77% | 7.08% | 2.99% |
| 2011 | 7.40% | 7.89% | 6.27% |
| 2010 | 8.17% | 9.45% | 5.62% |
| 2009 | 8.43% | 9.17% | — |
| 2007 | 7.87% | 10.00% | 14.55% |
| 2005 | 7.74% | 10.37% | — |
Rent as a Fraction of Income
Using median household income data for Medina County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Medina County, median monthly gross rent as a fraction of median household income was 13.92% in 2019 according to the ACS.
Medina 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% |
| Medina County OH | 13.92% | +0.03% | +0.32% |
Trends in Medina County OH Rent as a Fraction of Income
The fraction of median Medina County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 16.20%. Since then it has fallen by 2.28% to 13.92%.
Fraction of Income towards Rent: Medina County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Medina County Ohio
| Date | US | Ohio | Medina County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 13.92% |
| 2018 | 20.50% | 17.04% | 13.89% |
| 2017 | 20.13% | 17.15% | 14.04% |
| 2016 | 20.43% | 17.40% | 13.60% |
| 2015 | 20.63% | 17.53% | 13.92% |
| 2014 | 20.89% | 17.89% | 14.76% |
| 2013 | 20.78% | 17.70% | 15.18% |
| 2012 | 20.65% | 17.94% | 14.51% |
| 2011 | 20.70% | 18.15% | 16.20% |
| 2010 | 20.50% | 18.23% | 14.88% |
| 2009 | 20.12% | 17.71% | 13.67% |
| 2007 | 18.66% | 16.56% | 14.36% |
| 2005 | 18.89% | 16.91% | 13.52% |
Renter Fraction in Medina County Ohio
You can calculate the renter fraction in Medina 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 Medina County as a fraction of total Medina County households. In 2019 22.53% of households were renters according to Census ACS data.
Medina 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% |
| Medina County OH | 22.53% | +2.42% | +3.93% |
Trends in the Medina County OH Renter Fraction
The Medina County household renter fraction peaked in in 2013 at 23.51% and is now 0.98% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Medina County OH, Ohio, US
History of Medina County Renter Fraction
| Date | US | Ohio | Medina County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 22.53% |
| 2018 | 36.05% | 34.13% | 20.11% |
| 2017 | 36.13% | 34.22% | 21.23% |
| 2016 | 36.88% | 34.64% | 18.60% |
| 2015 | 36.97% | 34.59% | 20.58% |
| 2014 | 36.90% | 34.67% | 18.65% |
| 2013 | 36.50% | 33.93% | 23.51% |
| 2012 | 36.09% | 33.71% | 21.17% |
| 2011 | 35.42% | 33.02% | 20.25% |
| 2010 | 34.65% | 31.60% | 20.33% |
| 2009 | 34.13% | 31.95% | 17.59% |
| 2007 | 32.80% | 30.32% | 19.41% |
| 2005 | 33.10% | 30.06% | 16.99% |
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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