Trumbull County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Trumbull County OH was $669 in 2019 according to the Census ACS survey.1 Average gross rent in Trumbull County was $657 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 Trumbull County median and average rent data will be released in September of 2021.
Data is also available below for Trumbull County rental vacancy rates, Trumbull County rent as a percent of median income and the fraction of renters in Trumbull County.
Real Gross Rent in Trumbull 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% |
| Trumbull County OH Median Gross Rent | $669 | -1.91% | -1.18% |
Trumbull County OH Real Gross Rent Trends
Median gross rent for Trumbull County peaked in real terms in 2008 at $724 and is now $55 (7.60%) lower. Average gross rent for Trumbull County peaked in real terms in 2008 at $732 and is now $75 (10.25%) lower. From a recent low of 607.0 in 2013, real average gross rent has now increased by $50 (8.24%).
Real Gross Rent: Trumbull County OH Median, Trumbull County OH Average, Ohio Median, US Median
Real Gross Rent History for Trumbull County
| Date | US Median |
Ohio Median |
Trumbull County OH Median |
Trumbull County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $669 | $657 |
| 2018 | $1,077 | $811 | $682 | $672 |
| 2017 | $1,043 | $796 | $673 | $627 |
| 2016 | $1,027 | $795 | $677 | $648 |
| 2015 | $1,017 | $791 | $651 | $626 |
| 2014 | $986 | $776 | $648 | $631 |
| 2013 | $953 | $747 | $659 | $607 |
| 2012 | $940 | $745 | $663 | $613 |
| 2011 | $941 | $747 | $636 | $611 |
| 2010 | $955 | $765 | $647 | $635 |
| 2009 | $960 | $764 | $650 | $613 |
| 2007 | $927 | $755 | $636 | $626 |
| 2005 | $910 | $766 | $678 | $649 |
Trumbull 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 Trumbull County Ohio was 6.73% according to Census ACS data.
Rental Vacancy Rate in Trumbull County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Trumbull County OH | 6.73% | +1.08% | +0.10% |
Trends in Trumbull County OH Rental Vacancy Rate
The rental vacancy rate in Trumbull County peaked in 2009 at 15.83%. Since then it has fallen by 9.10% to 6.73%. Data records for this series originated in 2005. From a 2015 post peak low of 3.77%, the rental vacancy rate has increased by 2.96%.
Rental Vacancy Rate: Trumbull County OH, Ohio, US
Historical Rental Vacancy Rate data for Trumbull County
| Date | US | Ohio | Trumbull County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 6.73% |
| 2018 | 6.15% | 5.54% | 5.65% |
| 2017 | 6.18% | 5.62% | 5.15% |
| 2016 | 5.89% | 5.44% | 6.63% |
| 2015 | 5.85% | 5.56% | 3.77% |
| 2014 | 6.32% | 6.26% | 6.98% |
| 2013 | 6.49% | 6.15% | 8.35% |
| 2012 | 6.77% | 7.08% | 8.04% |
| 2011 | 7.40% | 7.89% | 9.55% |
| 2010 | 8.17% | 9.45% | 10.80% |
| 2009 | 8.43% | 9.17% | 15.83% |
| 2007 | 7.87% | 10.00% | — |
| 2005 | 7.74% | 10.37% | — |
Rent as a Fraction of Income
Using median household income data for Trumbull County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Trumbull County, median monthly gross rent as a fraction of median household income was 17.05% in 2019 according to the ACS.
Trumbull 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% |
| Trumbull County OH | 17.05% | -0.35% | +0.01% |
Trends in Trumbull County OH Rent as a Fraction of Income
The fraction of median Trumbull County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.21%. Since then it has fallen by 1.16% to 17.05%.
Fraction of Income towards Rent: Trumbull County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Trumbull County Ohio
| Date | US | Ohio | Trumbull County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 17.05% |
| 2018 | 20.50% | 17.04% | 17.40% |
| 2017 | 20.13% | 17.15% | 16.96% |
| 2016 | 20.43% | 17.40% | 17.04% |
| 2015 | 20.63% | 17.53% | 17.39% |
| 2014 | 20.89% | 17.89% | 17.12% |
| 2013 | 20.78% | 17.70% | 17.97% |
| 2012 | 20.65% | 17.94% | 18.21% |
| 2011 | 20.70% | 18.15% | 17.30% |
| 2010 | 20.50% | 18.23% | 17.30% |
| 2009 | 20.12% | 17.71% | 16.73% |
| 2007 | 18.66% | 16.56% | 15.62% |
| 2005 | 18.89% | 16.91% | 15.89% |
Renter Fraction in Trumbull County Ohio
You can calculate the renter fraction in Trumbull 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 Trumbull County as a fraction of total Trumbull County households. In 2019 29.65% of households were renters according to Census ACS data.
Trumbull 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% |
| Trumbull County OH | 29.65% | +2.24% | -2.73% |
Trends in the Trumbull County OH Renter Fraction
The Trumbull County household renter fraction peaked in in 2016 at 32.38% and is now 2.73% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Trumbull County OH, Ohio, US
History of Trumbull County Renter Fraction
| Date | US | Ohio | Trumbull County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 29.65% |
| 2018 | 36.05% | 34.13% | 27.41% |
| 2017 | 36.13% | 34.22% | 28.09% |
| 2016 | 36.88% | 34.64% | 32.38% |
| 2015 | 36.97% | 34.59% | 29.68% |
| 2014 | 36.90% | 34.67% | 29.77% |
| 2013 | 36.50% | 33.93% | 29.78% |
| 2012 | 36.09% | 33.71% | 30.29% |
| 2011 | 35.42% | 33.02% | 29.27% |
| 2010 | 34.65% | 31.60% | 27.28% |
| 2009 | 34.13% | 31.95% | 24.39% |
| 2007 | 32.80% | 30.32% | 26.46% |
| 2005 | 33.10% | 30.06% | 26.58% |
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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