Eugene Oregon Residential Rent and Rental Statistics
The median monthly gross residential rent in Eugene, OR (the Eugene-Springfield metro area) was $1,034 in 2019 according to the Census ACS survey.1 Average gross rent in Eugene was $1,033 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 Eugene median and average rent data will be released in September of 2021.
Data is also available below for Eugene rental vacancy rates, Eugene rent as a percent of median income and the fraction of renters in Eugene.
Real Gross Rent in Eugene Oregon (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oregon Median Gross Rent | $1,185 | +3.04% | +11.48% |
| Eugene, OR Median Gross Rent | $1,034 | +1.77% | +5.94% |
Eugene, OR Real Gross Rent Trends
At $1,034, real median gross rent in Eugene was at its highest level in 2019 since the series began in 2005. At $1,033, real average gross rent in Eugene was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Eugene: Eugene OR Median, Eugene OR Average, Oregon Median, US Median
Real Gross Rent History for Eugene
| Date | US Median |
Oregon Median |
Eugene, OR Median |
Eugene, OR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,185 | $1,034 | $1,033 |
| 2018 | $1,077 | $1,150 | $1,016 | $1,029 |
| 2017 | $1,043 | $1,113 | $972 | $1,013 |
| 2016 | $1,027 | $1,063 | $976 | $1,005 |
| 2015 | $1,017 | $1,000 | $935 | $965 |
| 2014 | $986 | $976 | $918 | $930 |
| 2013 | $953 | $934 | $909 | $931 |
| 2012 | $940 | $917 | $873 | $905 |
| 2011 | $941 | $907 | $885 | $910 |
| 2010 | $955 | $912 | $864 | $874 |
| 2009 | $960 | $933 | $882 | $904 |
| 2007 | $927 | $873 | $822 | $841 |
| 2005 | $910 | $861 | $854 | $833 |
Eugene 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 Eugene Oregon was 2.01% according to Census ACS data.
Rental Vacancy Rate in Eugene Oregon
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oregon | 4.00% | -0.35% | +0.83% |
| Eugene, OR | 2.01% | -0.12% | -0.85% |
Trends in Eugene, OR Rental Vacancy Rate
The rental vacancy rate in Eugene peaked in 2007 at 6.42%. Since then it has fallen by 4.41% to 2.01%. Data records for this series originated in 2005. From a 2012 post peak low of 1.77%, the rental vacancy rate has increased by 0.24%.
Rental Vacancy Rate: Eugene OR, Oregon, US
Historical Rental Vacancy Rate data for Eugene
| Date | US | Oregon | Eugene, OR |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 2.01% |
| 2018 | 6.15% | 4.35% | 2.13% |
| 2017 | 6.18% | 3.80% | 2.48% |
| 2016 | 5.89% | 3.17% | 2.86% |
| 2015 | 5.85% | 3.64% | 4.34% |
| 2014 | 6.32% | 3.57% | 5.69% |
| 2013 | 6.49% | 4.45% | 4.29% |
| 2012 | 6.77% | 4.75% | 1.77% |
| 2011 | 7.40% | 5.06% | 2.67% |
| 2010 | 8.17% | 5.60% | 3.66% |
| 2009 | 8.43% | 6.30% | 6.02% |
| 2007 | 7.87% | 5.08% | 6.42% |
| 2005 | 7.74% | 6.39% | 5.19% |
Rent as a Fraction of Income
Using median household income data for Eugene, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Eugene, median monthly gross rent as a fraction of median household income was 21.65% in 2019 according to the ACS.
Eugene Oregon Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oregon | 21.21% | -0.17% | +0.03% |
| Eugene, OR | 21.65% | -0.88% | -1.76% |
Trends in Eugene, OR Rent as a Fraction of Income
The fraction of median Eugene household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 24.22%. Since then it has fallen by 2.58% to 21.65%.
Fraction of Income towards Rent: Eugene OR, Oregon, US
Historical Data for Annual Rent as a Fraction of Income in Eugene Oregon
| Date | US | Oregon | Eugene, OR |
|---|---|---|---|
| 2019 | 20.03% | 21.21% | 21.65% |
| 2018 | 20.50% | 21.38% | 22.52% |
| 2017 | 20.13% | 21.50% | 22.34% |
| 2016 | 20.43% | 21.17% | 23.41% |
| 2015 | 20.63% | 20.90% | 22.34% |
| 2014 | 20.89% | 21.71% | 23.26% |
| 2013 | 20.78% | 21.18% | 23.83% |
| 2012 | 20.65% | 21.04% | 24.22% |
| 2011 | 20.70% | 21.53% | 24.22% |
| 2010 | 20.50% | 21.03% | 23.03% |
| 2009 | 20.12% | 20.28% | 23.30% |
| 2007 | 18.66% | 18.30% | 19.48% |
| 2005 | 18.89% | 19.25% | 21.98% |
Renter Fraction in Eugene Oregon
You can calculate the renter fraction in Eugene 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 Eugene as a fraction of total Eugene households. In 2019 42.00% of households were renters according to Census ACS data.
Eugene Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oregon | 37.12% | -0.39% | -1.19% |
| Eugene, OR | 42.00% | +1.26% | +0.91% |
Trends in the Eugene, OR Renter Fraction
The Eugene household renter fraction peaked in in 2011 at 43.50% and is now 1.50% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Eugene OR, Oregon, US
History of Eugene Renter Fraction
| Date | US | Oregon | Eugene, OR |
|---|---|---|---|
| 2019 | 35.89% | 37.12% | 42.00% |
| 2018 | 36.05% | 37.51% | 40.74% |
| 2017 | 36.13% | 37.20% | 40.59% |
| 2016 | 36.88% | 38.31% | 41.09% |
| 2015 | 36.97% | 38.91% | 41.71% |
| 2014 | 36.90% | 39.28% | 40.85% |
| 2013 | 36.50% | 39.17% | 40.04% |
| 2012 | 36.09% | 38.44% | 41.31% |
| 2011 | 35.42% | 39.22% | 43.50% |
| 2010 | 34.65% | 37.45% | 39.83% |
| 2009 | 34.13% | 36.95% | 40.59% |
| 2007 | 32.80% | 35.41% | 36.64% |
| 2005 | 33.10% | 36.22% | 37.47% |
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. ↩
