Portage County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Portage County OH was $902 in 2019 according to the Census ACS survey.1 Average gross rent in Portage County was $858 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 Portage County median and average rent data will be released in September of 2021.
Data is also available below for Portage County rental vacancy rates, Portage County rent as a percent of median income and the fraction of renters in Portage County.
Real Gross Rent in Portage 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% |
| Portage County OH Median Gross Rent | $902 | +1.01% | +11.08% |
Portage County OH Real Gross Rent Trends
At $902, real median gross rent in Portage County was at its highest level in 2019 since the series began in 2005. Average gross rent for Portage County peaked in real terms in 2017 at $909 and is now $51 (5.61%) lower.
Real Gross Rent: Portage County OH Median, Portage County OH Average, Ohio Median, US Median
Real Gross Rent History for Portage County
| Date | US Median |
Ohio Median |
Portage County OH Median |
Portage County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $902 | $858 |
| 2018 | $1,077 | $811 | $893 | $907 |
| 2017 | $1,043 | $796 | $900 | $909 |
| 2016 | $1,027 | $795 | $812 | $853 |
| 2015 | $1,017 | $791 | $870 | $890 |
| 2014 | $986 | $776 | $836 | $834 |
| 2013 | $953 | $747 | $868 | $885 |
| 2012 | $940 | $745 | $873 | $882 |
| 2011 | $941 | $747 | $784 | $808 |
| 2010 | $955 | $765 | $819 | $849 |
| 2009 | $960 | $764 | $866 | $894 |
| 2007 | $927 | $755 | $861 | $883 |
| 2005 | $910 | $766 | $803 | $809 |
Portage 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 Portage County Ohio was 4.02% according to Census ACS data.
Rental Vacancy Rate in Portage County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Portage County OH | 4.02% | — | +3.87% |
Trends in Portage County OH Rental Vacancy Rate
The rental vacancy rate in Portage County peaked in 2005 at 11.12%. Since then it has fallen by 7.10% to 4.02%. Data records for this series originated in 2005. From a 2016 post peak low of 0.15%, the rental vacancy rate has increased by 3.87%.
Rental Vacancy Rate: Portage County OH, Ohio, US
Historical Rental Vacancy Rate data for Portage County
| Date | US | Ohio | Portage County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 4.02% |
| 2018 | 6.15% | 5.54% | — |
| 2017 | 6.18% | 5.62% | 2.19% |
| 2016 | 5.89% | 5.44% | 0.15% |
| 2015 | 5.85% | 5.56% | — |
| 2014 | 6.32% | 6.26% | 4.65% |
| 2013 | 6.49% | 6.15% | 2.52% |
| 2012 | 6.77% | 7.08% | 6.48% |
| 2011 | 7.40% | 7.89% | 5.73% |
| 2010 | 8.17% | 9.45% | 6.41% |
| 2009 | 8.43% | 9.17% | 3.55% |
| 2007 | 7.87% | 10.00% | 2.57% |
| 2005 | 7.74% | 10.37% | 11.12% |
Rent as a Fraction of Income
Using median household income data for Portage County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Portage County, median monthly gross rent as a fraction of median household income was 19.10% in 2019 according to the ACS.
Portage 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% |
| Portage County OH | 19.10% | +2.79% | +0.38% |
Trends in Portage County OH Rent as a Fraction of Income
Portage County renters paid 19.10% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Portage County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Portage County Ohio
| Date | US | Ohio | Portage County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 19.10% |
| 2018 | 20.50% | 17.04% | 16.30% |
| 2017 | 20.13% | 17.15% | 17.64% |
| 2016 | 20.43% | 17.40% | 18.71% |
| 2015 | 20.63% | 17.53% | 18.62% |
| 2014 | 20.89% | 17.89% | 18.54% |
| 2013 | 20.78% | 17.70% | 18.89% |
| 2012 | 20.65% | 17.94% | 18.81% |
| 2011 | 20.70% | 18.15% | 17.58% |
| 2010 | 20.50% | 18.23% | 17.86% |
| 2009 | 20.12% | 17.71% | 18.65% |
| 2007 | 18.66% | 16.56% | 17.60% |
| 2005 | 18.89% | 16.91% | 16.45% |
Renter Fraction in Portage County Ohio
You can calculate the renter fraction in Portage 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 Portage County as a fraction of total Portage County households. In 2019 32.15% of households were renters according to Census ACS data.
Portage 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% |
| Portage County OH | 32.15% | +5.15% | +0.49% |
Trends in the Portage County OH Renter Fraction
The Portage County household renter fraction peaked in in 2009 at 34.95% and is now 2.80% below that level. From a recent low of 27.00% in 2018, the household based renter fraction has now grown by 5.15%. The origin year for the series is 2005.
Fraction of Renting Households: Portage County OH, Ohio, US
History of Portage County Renter Fraction
| Date | US | Ohio | Portage County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 32.15% |
| 2018 | 36.05% | 34.13% | 27.00% |
| 2017 | 36.13% | 34.22% | 30.86% |
| 2016 | 36.88% | 34.64% | 31.66% |
| 2015 | 36.97% | 34.59% | 32.22% |
| 2014 | 36.90% | 34.67% | 31.75% |
| 2013 | 36.50% | 33.93% | 32.44% |
| 2012 | 36.09% | 33.71% | 31.13% |
| 2011 | 35.42% | 33.02% | 31.28% |
| 2010 | 34.65% | 31.60% | 31.00% |
| 2009 | 34.13% | 31.95% | 34.95% |
| 2007 | 32.80% | 30.32% | 30.32% |
| 2005 | 33.10% | 30.06% | 27.77% |
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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