Monroe County Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Monroe County PA was $1,199 in 2019 according to the Census ACS survey.1 Average gross rent in Monroe County was $1,104 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 Monroe County median and average rent data will be released in September of 2021.
Data is also available below for Monroe County rental vacancy rates, Monroe County rent as a percent of median income and the fraction of renters in Monroe County.
Real Gross Rent in Monroe 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% |
| Monroe County PA Median Gross Rent | $1,199 | +15.62% | +16.63% |
Monroe County PA Real Gross Rent Trends
Median gross rent for Monroe County peaked in real terms in 2014 at $1,234 and is now $35 (2.84%) lower. Average gross rent for Monroe County peaked in real terms in 2014 at $1,178 and is now $74 (6.28%) lower.
Real Gross Rent: Monroe County PA Median, Monroe County PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Monroe County
| Date | US Median |
Pennsylvania Median |
Monroe County PA Median |
Monroe County PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $1,199 | $1,104 |
| 2018 | $1,077 | $944 | $1,037 | $1,051 |
| 2017 | $1,043 | $921 | $1,124 | $1,036 |
| 2016 | $1,027 | $923 | $1,028 | $1,008 |
| 2015 | $1,017 | $921 | $1,036 | $1,008 |
| 2014 | $986 | $895 | $1,234 | $1,178 |
| 2013 | $953 | $872 | $1,086 | $1,005 |
| 2012 | $940 | $849 | $1,007 | $1,007 |
| 2011 | $941 | $849 | $942 | $994 |
| 2010 | $955 | $853 | $1,148 | $1,060 |
| 2009 | $960 | $841 | $1,033 | $1,070 |
| 2007 | $927 | $805 | $1,001 | $947 |
| 2005 | $910 | $809 | $1,026 | $946 |
Monroe 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 Monroe County Pennsylvania was 7.55% according to Census ACS data.
Rental Vacancy Rate in Monroe County Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Monroe County PA | 7.55% | +5.32% | +2.54% |
Trends in Monroe County PA Rental Vacancy Rate
The rental vacancy rate in Monroe County peaked in 2014 at 13.79%. Since then it has fallen by 6.24% to 7.55%. Data records for this series originated in 2005. From a 2018 post peak low of 2.23%, the rental vacancy rate has increased by 5.32%.
Rental Vacancy Rate: Monroe County PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Monroe County
| Date | US | Pennsylvania | Monroe County PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 7.55% |
| 2018 | 6.15% | 5.29% | 2.23% |
| 2017 | 6.18% | 5.84% | 6.57% |
| 2016 | 5.89% | 5.77% | 5.01% |
| 2015 | 5.85% | 5.77% | 10.16% |
| 2014 | 6.32% | 6.40% | 13.79% |
| 2013 | 6.49% | 5.78% | 4.19% |
| 2012 | 6.77% | 5.88% | 9.17% |
| 2011 | 7.40% | 6.13% | 10.48% |
| 2010 | 8.17% | 6.47% | 13.54% |
| 2009 | 8.43% | 6.80% | 8.41% |
| 2007 | 7.87% | 7.34% | 2.75% |
| 2005 | 7.74% | 7.94% | 4.59% |
Rent as a Fraction of Income
Using median household income data for Monroe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Monroe County, median monthly gross rent as a fraction of median household income was 23.05% in 2019 according to the ACS.
Monroe 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% |
| Monroe County PA | 23.05% | +4.00% | +3.44% |
Trends in Monroe County PA Rent as a Fraction of Income
Monroe County renters paid 23.05% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Monroe County PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Monroe County Pennsylvania
| Date | US | Pennsylvania | Monroe County PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 23.05% |
| 2018 | 20.50% | 18.26% | 19.06% |
| 2017 | 20.13% | 18.10% | 21.23% |
| 2016 | 20.43% | 18.58% | 19.61% |
| 2015 | 20.63% | 18.70% | 20.45% |
| 2014 | 20.89% | 19.12% | 22.23% |
| 2013 | 20.78% | 19.11% | 22.28% |
| 2012 | 20.65% | 18.69% | 20.23% |
| 2011 | 20.70% | 18.78% | 20.17% |
| 2010 | 20.50% | 18.58% | 22.59% |
| 2009 | 20.12% | 17.88% | 19.81% |
| 2007 | 18.66% | 16.92% | 17.98% |
| 2005 | 18.89% | 17.43% | 18.90% |
Renter Fraction in Monroe County Pennsylvania
You can calculate the renter fraction in Monroe 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 Monroe County as a fraction of total Monroe County households. In 2019 25.11% of households were renters according to Census ACS data.
Monroe 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% |
| Monroe County PA | 25.11% | +2.62% | +0.72% |
Trends in the Monroe County PA Renter Fraction
At 25.11%, the 2019 household based renter fraction in Monroe County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Monroe County PA, Pennsylvania, US
History of Monroe County Renter Fraction
| Date | US | Pennsylvania | Monroe County PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 25.11% |
| 2018 | 36.05% | 31.40% | 22.49% |
| 2017 | 36.13% | 31.70% | 20.66% |
| 2016 | 36.88% | 31.50% | 24.39% |
| 2015 | 36.97% | 31.28% | 22.65% |
| 2014 | 36.90% | 31.17% | 21.96% |
| 2013 | 36.50% | 31.05% | 22.85% |
| 2012 | 36.09% | 31.09% | 23.01% |
| 2011 | 35.42% | 30.51% | 20.01% |
| 2010 | 34.65% | 29.87% | 17.33% |
| 2009 | 34.13% | 29.48% | 20.20% |
| 2007 | 32.80% | 28.36% | 22.98% |
| 2005 | 33.10% | 28.52% | 24.61% |
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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