Wood County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Wood County OH was $799 in 2019 according to the Census ACS survey.1 Average gross rent in Wood County was $890 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 Wood County median and average rent data will be released in September of 2021.
Data is also available below for Wood County rental vacancy rates, Wood County rent as a percent of median income and the fraction of renters in Wood County.
Real Gross Rent in Wood 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% |
| Wood County OH Median Gross Rent | $799 | +4.31% | -4.31% |
Wood County OH Real Gross Rent Trends
Median gross rent for Wood County peaked in real terms in 2016 at $835 and is now $36 (4.31%) lower. At $890, real average gross rent in Wood County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Wood County OH Median, Wood County OH Average, Ohio Median, US Median
Real Gross Rent History for Wood County
| Date | US Median |
Ohio Median |
Wood County OH Median |
Wood County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $799 | $890 |
| 2018 | $1,077 | $811 | $766 | $821 |
| 2017 | $1,043 | $796 | $781 | $853 |
| 2016 | $1,027 | $795 | $835 | $859 |
| 2015 | $1,017 | $791 | $792 | $840 |
| 2014 | $986 | $776 | $749 | $784 |
| 2013 | $953 | $747 | $726 | $750 |
| 2012 | $940 | $745 | $748 | $787 |
| 2011 | $941 | $747 | $753 | $785 |
| 2010 | $955 | $765 | $752 | $779 |
| 2009 | $960 | $764 | $791 | $797 |
| 2007 | $927 | $755 | $724 | $780 |
| 2005 | $910 | $766 | $740 | $799 |
Wood County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Wood County Ohio was 3.28% according to Census ACS data.
Rental Vacancy Rate in Wood County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Wood County OH | — | — | — |
Trends in Wood County OH Rental Vacancy Rate
The rental vacancy rate in Wood County peaked in 2010 at 12.10%. Since then it has fallen by 8.82% to 3.28%. Data records for this series originated in 2005. From a 2015 post peak low of 2.99%, the rental vacancy rate has increased by 0.29%.
Rental Vacancy Rate: Wood County OH, Ohio, US
Historical Rental Vacancy Rate data for Wood County
| Date | US | Ohio | Wood County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | — |
| 2018 | 6.15% | 5.54% | 3.28% |
| 2017 | 6.18% | 5.62% | 5.24% |
| 2016 | 5.89% | 5.44% | 4.05% |
| 2015 | 5.85% | 5.56% | 2.99% |
| 2014 | 6.32% | 6.26% | — |
| 2013 | 6.49% | 6.15% | — |
| 2012 | 6.77% | 7.08% | — |
| 2011 | 7.40% | 7.89% | 4.86% |
| 2010 | 8.17% | 9.45% | 12.10% |
| 2009 | 8.43% | 9.17% | 9.49% |
| 2007 | 7.87% | 10.00% | 3.83% |
| 2005 | 7.74% | 10.37% | — |
Rent as a Fraction of Income
Using median household income data for Wood County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wood County, median monthly gross rent as a fraction of median household income was 15.03% in 2019 according to the ACS.
Wood 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% |
| Wood County OH | 15.03% | +0.86% | -0.87% |
Trends in Wood County OH Rent as a Fraction of Income
The fraction of median Wood County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.02%. Since then it has fallen by 1.99% to 15.03%.
Fraction of Income towards Rent: Wood County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Wood County Ohio
| Date | US | Ohio | Wood County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 15.03% |
| 2018 | 20.50% | 17.04% | 14.17% |
| 2017 | 20.13% | 17.15% | 15.04% |
| 2016 | 20.43% | 17.40% | 15.90% |
| 2015 | 20.63% | 17.53% | 15.72% |
| 2014 | 20.89% | 17.89% | 15.64% |
| 2013 | 20.78% | 17.70% | 16.00% |
| 2012 | 20.65% | 17.94% | 17.02% |
| 2011 | 20.70% | 18.15% | 16.80% |
| 2010 | 20.50% | 18.23% | 17.01% |
| 2009 | 20.12% | 17.71% | 16.67% |
| 2007 | 18.66% | 16.56% | 14.70% |
| 2005 | 18.89% | 16.91% | 15.15% |
Renter Fraction in Wood County Ohio
You can calculate the renter fraction in Wood 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 Wood County as a fraction of total Wood County households. In 2019 34.82% of households were renters according to Census ACS data.
Wood 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% |
| Wood County OH | 34.82% | -0.09% | +1.59% |
Trends in the Wood County OH Renter Fraction
The Wood County household renter fraction peaked in in 2013 at 36.18% and is now 1.36% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wood County OH, Ohio, US
History of Wood County Renter Fraction
| Date | US | Ohio | Wood County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 34.82% |
| 2018 | 36.05% | 34.13% | 34.91% |
| 2017 | 36.13% | 34.22% | 34.71% |
| 2016 | 36.88% | 34.64% | 33.23% |
| 2015 | 36.97% | 34.59% | 34.64% |
| 2014 | 36.90% | 34.67% | 34.06% |
| 2013 | 36.50% | 33.93% | 36.18% |
| 2012 | 36.09% | 33.71% | 31.26% |
| 2011 | 35.42% | 33.02% | 32.09% |
| 2010 | 34.65% | 31.60% | 31.45% |
| 2009 | 34.13% | 31.95% | 32.07% |
| 2007 | 32.80% | 30.32% | 30.20% |
| 2005 | 33.10% | 30.06% | 28.00% |
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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