Utah County Utah Residential Rent and Rental Statistics
The median monthly gross residential rent in Utah County UT was $1,128 in 2019 according to the Census ACS survey.1 Average gross rent in Utah County was $1,158 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 Utah County median and average rent data will be released in September of 2021.
Data is also available below for Utah County rental vacancy rates, Utah County rent as a percent of median income and the fraction of renters in Utah County.
Real Gross Rent in Utah County Utah (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Utah Median Gross Rent | $1,098 | +3.39% | +9.91% |
| Utah County UT Median Gross Rent | $1,128 | +4.74% | +14.52% |
Utah County UT Real Gross Rent Trends
At $1,128, real median gross rent in Utah County was at its highest level in 2019 since the series began in 2005. At $1,158, real average gross rent in Utah County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Utah County UT Median, Utah County UT Average, Utah Median, US Median
Real Gross Rent History for Utah County
| Date | US Median |
Utah Median |
Utah County UT Median |
Utah County UT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,098 | $1,128 | $1,158 |
| 2018 | $1,077 | $1,062 | $1,077 | $1,126 |
| 2017 | $1,043 | $1,017 | $1,047 | $1,097 |
| 2016 | $1,027 | $999 | $985 | $1,051 |
| 2015 | $1,017 | $981 | $1,016 | $1,036 |
| 2014 | $986 | $935 | $933 | $976 |
| 2013 | $953 | $928 | $935 | $986 |
| 2012 | $940 | $905 | $908 | $945 |
| 2011 | $941 | $888 | $886 | $934 |
| 2010 | $955 | $889 | $892 | $948 |
| 2009 | $960 | $904 | $920 | $1,017 |
| 2007 | $927 | $861 | $844 | $892 |
| 2005 | $910 | $831 | $845 | $894 |
Utah 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 Utah County Utah was 4.15% according to Census ACS data.
Rental Vacancy Rate in Utah County Utah
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Utah | 7.47% | +1.29% | +1.23% |
| Utah County UT | 4.15% | +1.18% | -0.57% |
Trends in Utah County UT Rental Vacancy Rate
The rental vacancy rate in Utah County peaked in 2005 at 7.73%. Since then it has fallen by 3.58% to 4.15%. Data records for this series originated in 2005. From a 2014 post peak low of 1.53%, the rental vacancy rate has increased by 2.62%.
Rental Vacancy Rate: Utah County UT, Utah, US
Historical Rental Vacancy Rate data for Utah County
| Date | US | Utah | Utah County UT |
|---|---|---|---|
| 2019 | 5.97% | 7.47% | 4.15% |
| 2018 | 6.15% | 6.18% | 2.97% |
| 2017 | 6.18% | 6.15% | 5.50% |
| 2016 | 5.89% | 6.24% | 4.72% |
| 2015 | 5.85% | 4.81% | 3.00% |
| 2014 | 6.32% | 5.27% | 1.53% |
| 2013 | 6.49% | 5.96% | 3.47% |
| 2012 | 6.77% | 5.89% | 3.66% |
| 2011 | 7.40% | 5.36% | 2.15% |
| 2010 | 8.17% | 6.59% | 4.09% |
| 2009 | 8.43% | 6.49% | 2.30% |
| 2007 | 7.87% | 5.59% | 5.74% |
| 2005 | 7.74% | 6.95% | 7.73% |
Rent as a Fraction of Income
Using median household income data for Utah County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Utah County, median monthly gross rent as a fraction of median household income was 17.02% in 2019 according to the ACS.
Utah County Utah Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Utah | 17.39% | -0.14% | +0.04% |
| Utah County UT | 17.02% | +0.17% | +0.84% |
Trends in Utah County UT Rent as a Fraction of Income
The fraction of median Utah County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.71%. Since then it has fallen by 0.69% to 17.02%.
Fraction of Income towards Rent: Utah County UT, Utah, US
Historical Data for Annual Rent as a Fraction of Income in Utah County Utah
| Date | US | Utah | Utah County UT |
|---|---|---|---|
| 2019 | 20.03% | 17.39% | 17.02% |
| 2018 | 20.50% | 17.53% | 16.85% |
| 2017 | 20.13% | 17.31% | 17.30% |
| 2016 | 20.43% | 17.35% | 16.18% |
| 2015 | 20.63% | 17.64% | 17.55% |
| 2014 | 20.89% | 17.45% | 17.41% |
| 2013 | 20.78% | 17.69% | 17.71% |
| 2012 | 20.65% | 17.90% | 17.54% |
| 2011 | 20.70% | 17.66% | 16.79% |
| 2010 | 20.50% | 17.45% | 17.64% |
| 2009 | 20.12% | 17.27% | 16.77% |
| 2007 | 18.66% | 15.96% | 15.01% |
| 2005 | 18.89% | 16.65% | 17.10% |
Renter Fraction in Utah County Utah
You can calculate the renter fraction in Utah 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 Utah County as a fraction of total Utah County households. In 2019 32.23% of households were renters according to Census ACS data.
Utah County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Utah | 29.36% | -0.16% | -0.74% |
| Utah County UT | 32.23% | +1.56% | -0.69% |
Trends in the Utah County UT Renter Fraction
The Utah County household renter fraction peaked in in 2013 at 34.10% and is now 1.87% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Utah County UT, Utah, US
History of Utah County Renter Fraction
| Date | US | Utah | Utah County UT |
|---|---|---|---|
| 2019 | 35.89% | 29.36% | 32.23% |
| 2018 | 36.05% | 29.52% | 30.67% |
| 2017 | 36.13% | 30.13% | 33.60% |
| 2016 | 36.88% | 30.10% | 32.92% |
| 2015 | 36.97% | 31.12% | 32.84% |
| 2014 | 36.90% | 30.84% | 32.95% |
| 2013 | 36.50% | 30.78% | 34.10% |
| 2012 | 36.09% | 30.38% | 33.12% |
| 2011 | 35.42% | 30.62% | 33.93% |
| 2010 | 34.65% | 30.10% | 30.70% |
| 2009 | 34.13% | 28.50% | 29.96% |
| 2007 | 32.80% | 28.27% | 29.53% |
| 2005 | 33.10% | 29.44% | 33.06% |
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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