Chittenden County Vermont Residential Rent and Rental Statistics
The median monthly gross residential rent in Chittenden County VT was $1,274 in 2019 according to the Census ACS survey.1 Average gross rent in Chittenden County was $1,291 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 Chittenden County median and average rent data will be released in September of 2021.
Data is also available below for Chittenden County rental vacancy rates, Chittenden County rent as a percent of median income and the fraction of renters in Chittenden County.
Real Gross Rent in Chittenden County Vermont (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Vermont Median Gross Rent | $980 | -0.71% | +1.14% |
| Chittenden County VT Median Gross Rent | $1,274 | +3.83% | +4.26% |
Chittenden County VT Real Gross Rent Trends
Median gross rent for Chittenden County peaked in real terms in 2017 at $1,293 and is now $19 (1.47%) lower. Average gross rent for Chittenden County peaked in real terms in 2017 at $1,293 and is now $2 (0.15%) lower.
Real Gross Rent: Chittenden County VT Median, Chittenden County VT Average, Vermont Median, US Median
Real Gross Rent History for Chittenden County
| Date | US Median |
Vermont Median |
Chittenden County VT Median |
Chittenden County VT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $980 | $1,274 | $1,291 |
| 2018 | $1,077 | $987 | $1,227 | $1,225 |
| 2017 | $1,043 | $980 | $1,293 | $1,293 |
| 2016 | $1,027 | $969 | $1,222 | $1,209 |
| 2015 | $1,017 | $979 | $1,238 | $1,176 |
| 2014 | $986 | $968 | $1,287 | $1,280 |
| 2013 | $953 | $911 | $1,094 | $1,091 |
| 2012 | $940 | $915 | $1,046 | $1,091 |
| 2011 | $941 | $917 | $1,093 | $1,151 |
| 2010 | $955 | $920 | $1,026 | $1,067 |
| 2009 | $960 | $945 | $1,137 | $1,183 |
| 2007 | $927 | $888 | $1,077 | $1,097 |
| 2005 | $910 | $854 | $1,041 | $1,073 |
Chittenden County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Chittenden County Vermont was 2.89% according to Census ACS data.
Rental Vacancy Rate in Chittenden County Vermont
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Vermont | 4.48% | -0.60% | +0.69% |
| Chittenden County VT | — | — | — |
Trends in Chittenden County VT Rental Vacancy Rate
The rental vacancy rate in Chittenden County peaked in 2009 at 3.07%. Since then it has fallen by 0.18% to 2.89%. Data records for this series originated in 2005.
Rental Vacancy Rate: Chittenden County VT, Vermont, US
Historical Rental Vacancy Rate data for Chittenden County
| Date | US | Vermont | Chittenden County VT |
|---|---|---|---|
| 2019 | 5.97% | 4.48% | — |
| 2018 | 6.15% | 5.08% | — |
| 2017 | 6.18% | 3.76% | — |
| 2016 | 5.89% | 3.79% | — |
| 2015 | 5.85% | 4.06% | 2.89% |
| 2014 | 6.32% | 4.15% | 2.23% |
| 2013 | 6.49% | 4.87% | — |
| 2012 | 6.77% | 4.32% | 2.16% |
| 2011 | 7.40% | 4.17% | 2.88% |
| 2010 | 8.17% | 7.30% | — |
| 2009 | 8.43% | 7.79% | 3.07% |
| 2007 | 7.87% | 4.75% | 1.50% |
| 2005 | 7.74% | 6.08% | — |
Rent as a Fraction of Income
Using median household income data for Chittenden County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Chittenden County, median monthly gross rent as a fraction of median household income was 19.90% in 2019 according to the ACS.
Chittenden County Vermont Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Vermont | 18.67% | -0.46% | -0.58% |
| Chittenden County VT | 19.90% | +0.84% | -0.44% |
Trends in Chittenden County VT Rent as a Fraction of Income
The fraction of median Chittenden County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 23.59%. Since then it has fallen by 3.69% to 19.90%.
Fraction of Income towards Rent: Chittenden County VT, Vermont, US
Historical Data for Annual Rent as a Fraction of Income in Chittenden County Vermont
| Date | US | Vermont | Chittenden County VT |
|---|---|---|---|
| 2019 | 20.03% | 18.67% | 19.90% |
| 2018 | 20.50% | 19.13% | 19.06% |
| 2017 | 20.13% | 19.82% | 23.35% |
| 2016 | 20.43% | 19.25% | 20.34% |
| 2015 | 20.63% | 19.43% | 20.60% |
| 2014 | 20.89% | 20.32% | 23.59% |
| 2013 | 20.78% | 19.74% | 19.19% |
| 2012 | 20.65% | 19.48% | 18.52% |
| 2011 | 20.70% | 19.30% | 19.63% |
| 2010 | 20.50% | 19.99% | 19.75% |
| 2009 | 20.12% | 19.27% | 19.73% |
| 2007 | 18.66% | 18.18% | 18.99% |
| 2005 | 18.89% | 17.94% | 18.50% |
Renter Fraction in Chittenden County Vermont
You can calculate the renter fraction in Chittenden 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 Chittenden County as a fraction of total Chittenden County households. In 2019 37.55% of households were renters according to Census ACS data.
Chittenden County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Vermont | 29.12% | +1.35% | -1.12% |
| Chittenden County VT | 37.55% | +0.36% | +0.42% |
Trends in the Chittenden County VT Renter Fraction
The Chittenden County household renter fraction peaked in in 2017 at 39.63% and is now 2.08% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Chittenden County VT, Vermont, US
History of Chittenden County Renter Fraction
| Date | US | Vermont | Chittenden County VT |
|---|---|---|---|
| 2019 | 35.89% | 29.12% | 37.55% |
| 2018 | 36.05% | 27.77% | 37.19% |
| 2017 | 36.13% | 30.48% | 39.63% |
| 2016 | 36.88% | 30.24% | 37.13% |
| 2015 | 36.97% | 29.29% | 36.59% |
| 2014 | 36.90% | 29.95% | 35.69% |
| 2013 | 36.50% | 29.00% | 36.23% |
| 2012 | 36.09% | 28.99% | 35.37% |
| 2011 | 35.42% | 28.72% | 34.50% |
| 2010 | 34.65% | 29.61% | 37.50% |
| 2009 | 34.13% | 28.72% | 33.57% |
| 2007 | 32.80% | 27.18% | 30.85% |
| 2005 | 33.10% | 28.92% | 31.59% |
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
- / Vermont
- / Chittenden County
