Beaver County Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Beaver County PA was $729 in 2019 according to the Census ACS survey.1 Average gross rent in Beaver County was $699 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 Beaver County median and average rent data will be released in September of 2021.
Data is also available below for Beaver County rental vacancy rates, Beaver County rent as a percent of median income and the fraction of renters in Beaver County.
Real Gross Rent in Beaver County Pennsylvania (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Pennsylvania Median Gross Rent | $951 | +0.74% | +3.03% |
| Beaver County PA Median Gross Rent | $729 | +8.97% | +3.99% |
Beaver County PA Real Gross Rent Trends
At $729, real median gross rent in Beaver County was at its highest level in 2019 since the series began in 2005. Average gross rent for Beaver County peaked in real terms in 2008 at $709 and is now $10 (1.41%) lower.
Real Gross Rent: Beaver County PA Median, Beaver County PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Beaver County
| Date | US Median |
Pennsylvania Median |
Beaver County PA Median |
Beaver County PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $729 | $699 |
| 2018 | $1,077 | $944 | $669 | $676 |
| 2017 | $1,043 | $921 | $712 | $675 |
| 2016 | $1,027 | $923 | $701 | $689 |
| 2015 | $1,017 | $921 | $660 | $629 |
| 2014 | $986 | $895 | $692 | $678 |
| 2013 | $953 | $872 | $640 | $631 |
| 2012 | $940 | $849 | $670 | $644 |
| 2011 | $941 | $849 | $673 | $632 |
| 2010 | $955 | $853 | $636 | $601 |
| 2009 | $960 | $841 | $659 | $650 |
| 2007 | $927 | $805 | $664 | $649 |
| 2005 | $910 | $809 | $613 | $578 |
Beaver 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 Beaver County Pennsylvania was 8.99% according to Census ACS data.
Rental Vacancy Rate in Beaver County Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Beaver County PA | 8.99% | +2.68% | +1.42% |
Trends in Beaver County PA Rental Vacancy Rate
The rental vacancy rate in Beaver County peaked in 2007 at 10.94%. Since then it has fallen by 1.95% to 8.99%. Data records for this series originated in 2005. From a 2013 post peak low of 2.97%, the rental vacancy rate has increased by 6.02%.
Rental Vacancy Rate: Beaver County PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Beaver County
| Date | US | Pennsylvania | Beaver County PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 8.99% |
| 2018 | 6.15% | 5.29% | 6.31% |
| 2017 | 6.18% | 5.84% | 9.16% |
| 2016 | 5.89% | 5.77% | 7.57% |
| 2015 | 5.85% | 5.77% | 9.19% |
| 2014 | 6.32% | 6.40% | 9.53% |
| 2013 | 6.49% | 5.78% | 2.97% |
| 2012 | 6.77% | 5.88% | 3.87% |
| 2011 | 7.40% | 6.13% | 4.06% |
| 2010 | 8.17% | 6.47% | 8.39% |
| 2009 | 8.43% | 6.80% | 4.48% |
| 2007 | 7.87% | 7.34% | 10.94% |
| 2005 | 7.74% | 7.94% | 7.35% |
Rent as a Fraction of Income
Using median household income data for Beaver County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Beaver County, median monthly gross rent as a fraction of median household income was 14.42% in 2019 according to the ACS.
Beaver County Pennsylvania Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Pennsylvania | 17.98% | -0.28% | -0.60% |
| Beaver County PA | 14.42% | -0.01% | -0.12% |
Trends in Beaver County PA Rent as a Fraction of Income
The fraction of median Beaver County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 16.06%. Since then it has fallen by 1.64% to 14.42%.
Fraction of Income towards Rent: Beaver County PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Beaver County Pennsylvania
| Date | US | Pennsylvania | Beaver County PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 14.42% |
| 2018 | 20.50% | 18.26% | 14.42% |
| 2017 | 20.13% | 18.10% | 15.10% |
| 2016 | 20.43% | 18.58% | 14.54% |
| 2015 | 20.63% | 18.70% | 14.89% |
| 2014 | 20.89% | 19.12% | 15.34% |
| 2013 | 20.78% | 19.11% | 14.61% |
| 2012 | 20.65% | 18.69% | 16.06% |
| 2011 | 20.70% | 18.78% | 15.29% |
| 2010 | 20.50% | 18.58% | 15.55% |
| 2009 | 20.12% | 17.88% | 15.52% |
| 2007 | 18.66% | 16.92% | 15.06% |
| 2005 | 18.89% | 17.43% | 14.24% |
Renter Fraction in Beaver County Pennsylvania
You can calculate the renter fraction in Beaver 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 Beaver County as a fraction of total Beaver County households. In 2019 27.25% of households were renters according to Census ACS data.
Beaver County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Pennsylvania | 31.59% | +0.19% | +0.09% |
| Beaver County PA | 27.25% | -1.52% | +0.24% |
Trends in the Beaver County PA Renter Fraction
The Beaver County household renter fraction peaked in in 2018 at 28.77% and is now 1.52% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Beaver County PA, Pennsylvania, US
History of Beaver County Renter Fraction
| Date | US | Pennsylvania | Beaver County PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 27.25% |
| 2018 | 36.05% | 31.40% | 28.77% |
| 2017 | 36.13% | 31.70% | 26.81% |
| 2016 | 36.88% | 31.50% | 27.01% |
| 2015 | 36.97% | 31.28% | 26.86% |
| 2014 | 36.90% | 31.17% | 26.64% |
| 2013 | 36.50% | 31.05% | 27.40% |
| 2012 | 36.09% | 31.09% | 27.59% |
| 2011 | 35.42% | 30.51% | 27.77% |
| 2010 | 34.65% | 29.87% | 27.58% |
| 2009 | 34.13% | 29.48% | 23.29% |
| 2007 | 32.80% | 28.36% | 25.11% |
| 2005 | 33.10% | 28.52% | 22.54% |
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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