Richland County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Richland County OH was $705 in 2019 according to the Census ACS survey.1 Average gross rent in Richland County was $694 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 Richland County median and average rent data will be released in September of 2021.
Data is also available below for Richland County rental vacancy rates, Richland County rent as a percent of median income and the fraction of renters in Richland County.
Real Gross Rent in Richland 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% |
| Richland County OH Median Gross Rent | $705 | +5.54% | -2.08% |
Richland County OH Real Gross Rent Trends
Median gross rent for Richland County peaked in real terms in 2016 at $720 and is now $15 (2.08%) lower. Average gross rent for Richland County peaked in real terms in 2008 at $725 and is now $31 (4.28%) lower. From a recent low of 616.0 in 2011, real average gross rent has now increased by $78 (12.66%).
Real Gross Rent: Richland County OH Median, Richland County OH Average, Ohio Median, US Median
Real Gross Rent History for Richland County
| Date | US Median |
Ohio Median |
Richland County OH Median |
Richland County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $705 | $694 |
| 2018 | $1,077 | $811 | $668 | $644 |
| 2017 | $1,043 | $796 | $615 | $635 |
| 2016 | $1,027 | $795 | $720 | $718 |
| 2015 | $1,017 | $791 | $679 | $679 |
| 2014 | $986 | $776 | $660 | $675 |
| 2013 | $953 | $747 | $597 | $617 |
| 2012 | $940 | $745 | $655 | $687 |
| 2011 | $941 | $747 | $649 | $616 |
| 2010 | $955 | $765 | $640 | $626 |
| 2009 | $960 | $764 | $667 | $682 |
| 2007 | $927 | $755 | $652 | $653 |
| 2005 | $910 | $766 | $666 | $623 |
Richland 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 Richland County Ohio was 2.82% according to Census ACS data.
Rental Vacancy Rate in Richland County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Richland County OH | 2.82% | +0.04% | -6.60% |
Trends in Richland County OH Rental Vacancy Rate
The rental vacancy rate in Richland County peaked in 2006 at 10.45%. Since then it has fallen by 7.63% to 2.82%. Data records for this series originated in 2005. From a 2018 post peak low of 2.78%, the rental vacancy rate has increased by 0.04%.
Rental Vacancy Rate: Richland County OH, Ohio, US
Historical Rental Vacancy Rate data for Richland County
| Date | US | Ohio | Richland County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 2.82% |
| 2018 | 6.15% | 5.54% | 2.78% |
| 2017 | 6.18% | 5.62% | 3.70% |
| 2016 | 5.89% | 5.44% | 9.42% |
| 2015 | 5.85% | 5.56% | — |
| 2014 | 6.32% | 6.26% | — |
| 2013 | 6.49% | 6.15% | — |
| 2012 | 6.77% | 7.08% | — |
| 2011 | 7.40% | 7.89% | — |
| 2010 | 8.17% | 9.45% | — |
| 2009 | 8.43% | 9.17% | — |
| 2007 | 7.87% | 10.00% | — |
| 2005 | 7.74% | 10.37% | — |
Rent as a Fraction of Income
Using median household income data for Richland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Richland County, median monthly gross rent as a fraction of median household income was 16.34% in 2019 according to the ACS.
Richland 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% |
| Richland County OH | 16.34% | +0.45% | -2.40% |
Trends in Richland County OH Rent as a Fraction of Income
The fraction of median Richland County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 18.73%. Since then it has fallen by 2.40% to 16.34%.
Fraction of Income towards Rent: Richland County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Richland County Ohio
| Date | US | Ohio | Richland County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 16.34% |
| 2018 | 20.50% | 17.04% | 15.88% |
| 2017 | 20.13% | 17.15% | 15.54% |
| 2016 | 20.43% | 17.40% | 18.73% |
| 2015 | 20.63% | 17.53% | 17.01% |
| 2014 | 20.89% | 17.89% | 18.05% |
| 2013 | 20.78% | 17.70% | 17.24% |
| 2012 | 20.65% | 17.94% | 17.74% |
| 2011 | 20.70% | 18.15% | 17.98% |
| 2010 | 20.50% | 18.23% | 16.54% |
| 2009 | 20.12% | 17.71% | 17.84% |
| 2007 | 18.66% | 16.56% | 15.33% |
| 2005 | 18.89% | 16.91% | 16.31% |
Renter Fraction in Richland County Ohio
You can calculate the renter fraction in Richland 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 Richland County as a fraction of total Richland County households. In 2019 32.67% of households were renters according to Census ACS data.
Richland 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% |
| Richland County OH | 32.67% | -0.68% | -0.46% |
Trends in the Richland County OH Renter Fraction
The Richland County household renter fraction peaked in in 2018 at 33.35% and is now 0.68% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Richland County OH, Ohio, US
History of Richland County Renter Fraction
| Date | US | Ohio | Richland County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 32.67% |
| 2018 | 36.05% | 34.13% | 33.35% |
| 2017 | 36.13% | 34.22% | 32.32% |
| 2016 | 36.88% | 34.64% | 33.13% |
| 2015 | 36.97% | 34.59% | 32.06% |
| 2014 | 36.90% | 34.67% | 31.24% |
| 2013 | 36.50% | 33.93% | 33.34% |
| 2012 | 36.09% | 33.71% | 29.51% |
| 2011 | 35.42% | 33.02% | 31.37% |
| 2010 | 34.65% | 31.60% | 30.43% |
| 2009 | 34.13% | 31.95% | 29.78% |
| 2007 | 32.80% | 30.32% | 27.17% |
| 2005 | 33.10% | 30.06% | 27.38% |
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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