Fayette County Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Fayette County PA was $697 in 2019 according to the Census ACS survey.1 Average gross rent in Fayette County was $594 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 Fayette County median and average rent data will be released in September of 2021.
Data is also available below for Fayette County rental vacancy rates, Fayette County rent as a percent of median income and the fraction of renters in Fayette County.
Real Gross Rent in Fayette 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% |
| Fayette County PA Median Gross Rent | $697 | +0.14% | +5.93% |
Fayette County PA Real Gross Rent Trends
At $697, real median gross rent in Fayette County was at its highest level in 2019 since the series began in 2005. Average gross rent for Fayette County peaked in real terms in 2018 at $676 and is now $82 (12.13%) lower.
Real Gross Rent: Fayette County PA Median, Fayette County PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Fayette County
| Date | US Median |
Pennsylvania Median |
Fayette County PA Median |
Fayette County PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $697 | $594 |
| 2018 | $1,077 | $944 | $696 | $676 |
| 2017 | $1,043 | $921 | $675 | $569 |
| 2016 | $1,027 | $923 | $658 | $594 |
| 2015 | $1,017 | $921 | $663 | $615 |
| 2014 | $986 | $895 | $627 | $556 |
| 2013 | $953 | $872 | $602 | $515 |
| 2012 | $940 | $849 | $606 | $534 |
| 2011 | $941 | $849 | $622 | $540 |
| 2010 | $955 | $853 | $630 | $570 |
| 2009 | $960 | $841 | $565 | $503 |
| 2007 | $927 | $805 | $587 | $515 |
| 2005 | $910 | $809 | $536 | $458 |
Fayette 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 Fayette County Pennsylvania was 7.71% according to Census ACS data.
Rental Vacancy Rate in Fayette County Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Fayette County PA | 7.71% | +2.80% | -2.99% |
Trends in Fayette County PA Rental Vacancy Rate
The rental vacancy rate in Fayette County peaked in 2007 at 11.63%. Since then it has fallen by 3.92% to 7.71%. Data records for this series originated in 2005. From a 2012 post peak low of 3.77%, the rental vacancy rate has increased by 3.94%.
Rental Vacancy Rate: Fayette County PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Fayette County
| Date | US | Pennsylvania | Fayette County PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 7.71% |
| 2018 | 6.15% | 5.29% | 4.91% |
| 2017 | 6.18% | 5.84% | 7.33% |
| 2016 | 5.89% | 5.77% | 10.70% |
| 2015 | 5.85% | 5.77% | 4.70% |
| 2014 | 6.32% | 6.40% | 6.22% |
| 2013 | 6.49% | 5.78% | 9.98% |
| 2012 | 6.77% | 5.88% | 3.77% |
| 2011 | 7.40% | 6.13% | 4.34% |
| 2010 | 8.17% | 6.47% | 7.46% |
| 2009 | 8.43% | 6.80% | 9.48% |
| 2007 | 7.87% | 7.34% | 11.63% |
| 2005 | 7.74% | 7.94% | 8.25% |
Rent as a Fraction of Income
Using median household income data for Fayette County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fayette County, median monthly gross rent as a fraction of median household income was 17.24% in 2019 according to the ACS.
Fayette 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% |
| Fayette County PA | 17.24% | +1.75% | -0.23% |
Trends in Fayette County PA Rent as a Fraction of Income
The fraction of median Fayette County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.50%. Since then it has fallen by 2.25% to 17.24%. From a 2018 low of 15.49%, the fraction of income going to rent has increased by 1.75%.
Fraction of Income towards Rent: Fayette County PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Fayette County Pennsylvania
| Date | US | Pennsylvania | Fayette County PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 17.24% |
| 2018 | 20.50% | 18.26% | 15.49% |
| 2017 | 20.13% | 18.10% | 17.79% |
| 2016 | 20.43% | 18.58% | 17.47% |
| 2015 | 20.63% | 18.70% | 18.52% |
| 2014 | 20.89% | 19.12% | 19.50% |
| 2013 | 20.78% | 19.11% | 17.64% |
| 2012 | 20.65% | 18.69% | 16.93% |
| 2011 | 20.70% | 18.78% | 18.65% |
| 2010 | 20.50% | 18.58% | 18.93% |
| 2009 | 20.12% | 17.88% | 16.62% |
| 2007 | 18.66% | 16.92% | 19.14% |
| 2005 | 18.89% | 17.43% | 16.43% |
Renter Fraction in Fayette County Pennsylvania
You can calculate the renter fraction in Fayette 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 Fayette County as a fraction of total Fayette County households. In 2019 29.26% of households were renters according to Census ACS data.
Fayette 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% |
| Fayette County PA | 29.26% | +4.45% | +4.14% |
Trends in the Fayette County PA Renter Fraction
The Fayette County household renter fraction peaked in in 2014 at 31.36% and is now 2.10% below that level. From a recent low of 24.81% in 2018, the household based renter fraction has now grown by 4.45%. The origin year for the series is 2005.
Fraction of Renting Households: Fayette County PA, Pennsylvania, US
History of Fayette County Renter Fraction
| Date | US | Pennsylvania | Fayette County PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 29.26% |
| 2018 | 36.05% | 31.40% | 24.81% |
| 2017 | 36.13% | 31.70% | 26.26% |
| 2016 | 36.88% | 31.50% | 25.12% |
| 2015 | 36.97% | 31.28% | 25.79% |
| 2014 | 36.90% | 31.17% | 31.36% |
| 2013 | 36.50% | 31.05% | 28.42% |
| 2012 | 36.09% | 31.09% | 27.30% |
| 2011 | 35.42% | 30.51% | 29.48% |
| 2010 | 34.65% | 29.87% | 27.28% |
| 2009 | 34.13% | 29.48% | 27.53% |
| 2007 | 32.80% | 28.36% | 25.98% |
| 2005 | 33.10% | 28.52% | 31.15% |
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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