Canadian County Oklahoma Residential Rent and Rental Statistics
The median monthly gross residential rent in Canadian County OK was $880 in 2019 according to the Census ACS survey.1 Average gross rent in Canadian County was $897 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 Canadian County median and average rent data will be released in September of 2021.
Data is also available below for Canadian County rental vacancy rates, Canadian County rent as a percent of median income and the fraction of renters in Canadian County.
Real Gross Rent in Canadian County Oklahoma (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oklahoma Median Gross Rent | $814 | -1.09% | +4.49% |
| Canadian County OK Median Gross Rent | $880 | -11.65% | -13.21% |
Canadian County OK Real Gross Rent Trends
Median gross rent for Canadian County peaked in real terms in 2016 at $1,014 and is now $134 (13.21%) lower. Average gross rent for Canadian County peaked in real terms in 2016 at $1,016 and is now $119 (11.71%) lower.
Real Gross Rent: Canadian County OK Median, Canadian County OK Average, Oklahoma Median, US Median
Real Gross Rent History for Canadian County
| Date | US Median |
Oklahoma Median |
Canadian County OK Median |
Canadian County OK Average |
|---|---|---|---|---|
| 2019 | $1,097 | $814 | $880 | $897 |
| 2018 | $1,077 | $823 | $996 | $969 |
| 2017 | $1,043 | $804 | $1,003 | $944 |
| 2016 | $1,027 | $779 | $1,014 | $1,016 |
| 2015 | $1,017 | $805 | $943 | $854 |
| 2014 | $986 | $778 | $937 | $921 |
| 2013 | $953 | $742 | $931 | $977 |
| 2012 | $940 | $730 | $971 | $902 |
| 2011 | $941 | $729 | $844 | $878 |
| 2010 | $955 | $736 | $846 | $907 |
| 2009 | $960 | $725 | $937 | $890 |
| 2007 | $927 | $691 | $780 | $779 |
| 2005 | $910 | $684 | $798 | $813 |
Canadian 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 Canadian County Oklahoma was 5.61% according to Census ACS data.
Rental Vacancy Rate in Canadian County Oklahoma
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oklahoma | 8.00% | -0.47% | -0.08% |
| Canadian County OK | — | — | — |
Trends in Canadian County OK Rental Vacancy Rate
The rental vacancy rate in Canadian County peaked in 2007 at 17.96%. Since then it has fallen by 12.35% to 5.61%. Data records for this series originated in 2005.
Rental Vacancy Rate: Canadian County OK, Oklahoma, US
Historical Rental Vacancy Rate data for Canadian County
| Date | US | Oklahoma | Canadian County OK |
|---|---|---|---|
| 2019 | 5.97% | 8.00% | — |
| 2018 | 6.15% | 8.47% | 5.61% |
| 2017 | 6.18% | 8.57% | 4.65% |
| 2016 | 5.89% | 8.08% | 5.45% |
| 2015 | 5.85% | 7.76% | 7.39% |
| 2014 | 6.32% | 8.12% | 4.27% |
| 2013 | 6.49% | 8.19% | 6.83% |
| 2012 | 6.77% | 8.16% | 3.81% |
| 2011 | 7.40% | 8.52% | — |
| 2010 | 8.17% | 8.52% | 6.08% |
| 2009 | 8.43% | 8.41% | 11.97% |
| 2007 | 7.87% | 9.33% | 17.96% |
| 2005 | 7.74% | 9.97% | 2.77% |
Rent as a Fraction of Income
Using median household income data for Canadian County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Canadian County, median monthly gross rent as a fraction of median household income was 14.34% in 2019 according to the ACS.
Canadian County Oklahoma Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oklahoma | 17.94% | -0.73% | -0.22% |
| Canadian County OK | 14.34% | -2.38% | -2.95% |
Trends in Canadian County OK Rent as a Fraction of Income
The fraction of median Canadian County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.57%. Since then it has fallen by 3.23% to 14.34%.
Fraction of Income towards Rent: Canadian County OK, Oklahoma, US
Historical Data for Annual Rent as a Fraction of Income in Canadian County Oklahoma
| Date | US | Oklahoma | Canadian County OK |
|---|---|---|---|
| 2019 | 20.03% | 17.94% | 14.34% |
| 2018 | 20.50% | 18.67% | 16.72% |
| 2017 | 20.13% | 18.70% | 15.63% |
| 2016 | 20.43% | 18.16% | 17.29% |
| 2015 | 20.63% | 18.75% | 17.19% |
| 2014 | 20.89% | 18.61% | 15.54% |
| 2013 | 20.78% | 18.52% | 16.69% |
| 2012 | 20.65% | 18.58% | 17.57% |
| 2011 | 20.70% | 18.74% | 15.80% |
| 2010 | 20.50% | 18.80% | 16.20% |
| 2009 | 20.12% | 18.32% | 15.08% |
| 2007 | 18.66% | 16.98% | 13.71% |
| 2005 | 18.89% | 17.71% | 15.15% |
Renter Fraction in Canadian County Oklahoma
You can calculate the renter fraction in Canadian 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 Canadian County as a fraction of total Canadian County households. In 2019 26.10% of households were renters according to Census ACS data.
Canadian County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oklahoma | 34.46% | -0.10% | -0.64% |
| Canadian County OK | 26.10% | +2.15% | +1.58% |
Trends in the Canadian County OK Renter Fraction
The Canadian County household renter fraction peaked in in 2017 at 26.19% and is now 0.09% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Canadian County OK, Oklahoma, US
History of Canadian County Renter Fraction
| Date | US | Oklahoma | Canadian County OK |
|---|---|---|---|
| 2019 | 35.89% | 34.46% | 26.10% |
| 2018 | 36.05% | 34.56% | 23.95% |
| 2017 | 36.13% | 34.54% | 26.19% |
| 2016 | 36.88% | 35.10% | 24.52% |
| 2015 | 36.97% | 34.66% | 25.39% |
| 2014 | 36.90% | 34.86% | 23.03% |
| 2013 | 36.50% | 34.46% | 23.55% |
| 2012 | 36.09% | 33.62% | 20.89% |
| 2011 | 35.42% | 32.97% | 23.38% |
| 2010 | 34.65% | 32.21% | 24.47% |
| 2009 | 34.13% | 32.81% | 21.51% |
| 2007 | 32.80% | 31.77% | 19.51% |
| 2005 | 33.10% | 32.13% | 21.65% |
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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