Lycoming County Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Lycoming County PA was $755 in 2019 according to the Census ACS survey.1 Average gross rent in Lycoming County was $763 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 Lycoming County median and average rent data will be released in September of 2021.
Data is also available below for Lycoming County rental vacancy rates, Lycoming County rent as a percent of median income and the fraction of renters in Lycoming County.
Real Gross Rent in Lycoming 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% |
| Lycoming County PA Median Gross Rent | $755 | -4.43% | -7.48% |
Lycoming County PA Real Gross Rent Trends
Median gross rent for Lycoming County peaked in real terms in 2016 at $816 and is now $61 (7.48%) lower. Average gross rent for Lycoming County peaked in real terms in 2016 at $807 and is now $44 (5.45%) lower.
Real Gross Rent: Lycoming County PA Median, Lycoming County PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Lycoming County
| Date | US Median |
Pennsylvania Median |
Lycoming County PA Median |
Lycoming County PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $755 | $763 |
| 2018 | $1,077 | $944 | $790 | $789 |
| 2017 | $1,043 | $921 | $777 | $764 |
| 2016 | $1,027 | $923 | $816 | $807 |
| 2015 | $1,017 | $921 | $801 | $777 |
| 2014 | $986 | $895 | $782 | $769 |
| 2013 | $953 | $872 | $755 | $715 |
| 2012 | $940 | $849 | $756 | $741 |
| 2011 | $941 | $849 | $700 | $721 |
| 2010 | $955 | $853 | $673 | $646 |
| 2009 | $960 | $841 | $680 | $670 |
| 2007 | $927 | $805 | $680 | $650 |
| 2005 | $910 | $809 | $679 | $656 |
Lycoming 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 Lycoming County Pennsylvania was 10.13% according to Census ACS data.
Rental Vacancy Rate in Lycoming County Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Lycoming County PA | 10.13% | +0.11% | -0.42% |
Trends in Lycoming County PA Rental Vacancy Rate
The rental vacancy rate in Lycoming County peaked in 2017 at 12.30%. Since then it has fallen by 2.17% to 10.13%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lycoming County PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Lycoming County
| Date | US | Pennsylvania | Lycoming County PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 10.13% |
| 2018 | 6.15% | 5.29% | 10.02% |
| 2017 | 6.18% | 5.84% | 12.30% |
| 2016 | 5.89% | 5.77% | 10.55% |
| 2015 | 5.85% | 5.77% | 7.26% |
| 2014 | 6.32% | 6.40% | 4.87% |
| 2013 | 6.49% | 5.78% | — |
| 2012 | 6.77% | 5.88% | 3.35% |
| 2011 | 7.40% | 6.13% | — |
| 2010 | 8.17% | 6.47% | 4.30% |
| 2009 | 8.43% | 6.80% | 4.65% |
| 2007 | 7.87% | 7.34% | 3.40% |
| 2005 | 7.74% | 7.94% | 5.52% |
Rent as a Fraction of Income
Using median household income data for Lycoming County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lycoming County, median monthly gross rent as a fraction of median household income was 16.81% in 2019 according to the ACS.
Lycoming 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% |
| Lycoming County PA | 16.81% | -0.10% | -2.24% |
Trends in Lycoming County PA Rent as a Fraction of Income
The fraction of median Lycoming County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.69%. Since then it has fallen by 2.87% to 16.81%.
Fraction of Income towards Rent: Lycoming County PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Lycoming County Pennsylvania
| Date | US | Pennsylvania | Lycoming County PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 16.81% |
| 2018 | 20.50% | 18.26% | 16.92% |
| 2017 | 20.13% | 18.10% | 17.77% |
| 2016 | 20.43% | 18.58% | 19.06% |
| 2015 | 20.63% | 18.70% | 17.61% |
| 2014 | 20.89% | 19.12% | 19.69% |
| 2013 | 20.78% | 19.11% | 18.16% |
| 2012 | 20.65% | 18.69% | 18.67% |
| 2011 | 20.70% | 18.78% | 18.34% |
| 2010 | 20.50% | 18.58% | 17.60% |
| 2009 | 20.12% | 17.88% | 17.92% |
| 2007 | 18.66% | 16.92% | 16.66% |
| 2005 | 18.89% | 17.43% | 16.90% |
Renter Fraction in Lycoming County Pennsylvania
You can calculate the renter fraction in Lycoming 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 Lycoming County as a fraction of total Lycoming County households. In 2019 30.40% of households were renters according to Census ACS data.
Lycoming 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% |
| Lycoming County PA | 30.40% | -0.38% | -1.53% |
Trends in the Lycoming County PA Renter Fraction
The Lycoming County household renter fraction peaked in in 2010 at 32.26% and is now 1.86% below that level. From a recent low of 27.76% in 2013, the household based renter fraction has now grown by 2.64%. The origin year for the series is 2005.
Fraction of Renting Households: Lycoming County PA, Pennsylvania, US
History of Lycoming County Renter Fraction
| Date | US | Pennsylvania | Lycoming County PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 30.40% |
| 2018 | 36.05% | 31.40% | 30.78% |
| 2017 | 36.13% | 31.70% | 31.28% |
| 2016 | 36.88% | 31.50% | 31.93% |
| 2015 | 36.97% | 31.28% | 30.85% |
| 2014 | 36.90% | 31.17% | 31.06% |
| 2013 | 36.50% | 31.05% | 27.76% |
| 2012 | 36.09% | 31.09% | 29.47% |
| 2011 | 35.42% | 30.51% | 31.52% |
| 2010 | 34.65% | 29.87% | 32.26% |
| 2009 | 34.13% | 29.48% | 31.38% |
| 2007 | 32.80% | 28.36% | 29.37% |
| 2005 | 33.10% | 28.52% | 31.52% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Pennsylvania
- / Lycoming County
