Augusta County Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Augusta County VA was $901 in 2019 according to the Census ACS survey.1 Average gross rent in Augusta County was $843 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 Augusta County median and average rent data will be released in September of 2021.
Data is also available below for Augusta County rental vacancy rates, Augusta County rent as a percent of median income and the fraction of renters in Augusta County.
Real Gross Rent in Augusta County Virginia (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Virginia Median Gross Rent | $1,254 | +1.37% | +3.29% |
| Augusta County VA Median Gross Rent | $901 | +0.90% | +11.65% |
Augusta County VA Real Gross Rent Trends
Median gross rent for Augusta County peaked in real terms in 2015 at $970 and is now $69 (7.11%) lower. Average gross rent for Augusta County peaked in real terms in 2015 at $941 and is now $98 (10.41%) lower.
Real Gross Rent: Augusta County VA Median, Augusta County VA Average, Virginia Median, US Median
Real Gross Rent History for Augusta County
| Date | US Median |
Virginia Median |
Augusta County VA Median |
Augusta County VA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,254 | $901 | $843 |
| 2018 | $1,077 | $1,237 | $893 | $836 |
| 2017 | $1,043 | $1,216 | $866 | $886 |
| 2016 | $1,027 | $1,214 | $807 | $795 |
| 2015 | $1,017 | $1,214 | $970 | $941 |
| 2014 | $986 | $1,178 | $939 | $903 |
| 2013 | $953 | $1,144 | $736 | $745 |
| 2012 | $940 | $1,136 | $897 | $750 |
| 2011 | $941 | $1,147 | $737 | $725 |
| 2010 | $955 | $1,139 | $790 | $647 |
| 2009 | $960 | $1,127 | $832 | $718 |
| 2007 | $927 | $1,048 | $808 | $797 |
| 2005 | $910 | $1,015 | $871 | $794 |
Augusta County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Augusta County Virginia was 13.83% according to Census ACS data.
Rental Vacancy Rate in Augusta County Virginia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Virginia | 5.53% | +0.36% | -0.06% |
| Augusta County VA | — | — | — |
Trends in Augusta County VA Rental Vacancy Rate
At 13.83%, Augusta County residential rental vacancy rate in 2013 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Augusta County VA, Virginia, US
Historical Rental Vacancy Rate data for Augusta County
| Date | US | Virginia | Augusta County VA |
|---|---|---|---|
| 2019 | 5.97% | 5.53% | — |
| 2018 | 6.15% | 5.17% | — |
| 2017 | 6.18% | 6.45% | — |
| 2016 | 5.89% | 5.59% | — |
| 2015 | 5.85% | 5.13% | — |
| 2014 | 6.32% | 5.79% | — |
| 2013 | 6.49% | 6.38% | 13.83% |
| 2012 | 6.77% | 6.18% | — |
| 2011 | 7.40% | 7.54% | — |
| 2010 | 8.17% | 7.02% | — |
| 2009 | 8.43% | 7.29% | — |
| 2007 | 7.87% | 7.11% | — |
| 2005 | 7.74% | 7.20% | — |
Rent as a Fraction of Income
Using median household income data for Augusta County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Augusta County, median monthly gross rent as a fraction of median household income was 17.25% in 2019 according to the ACS.
Augusta County Virginia Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Virginia | 19.68% | -0.41% | -0.74% |
| Augusta County VA | 17.25% | -0.34% | +0.53% |
Trends in Augusta County VA Rent as a Fraction of Income
The fraction of median Augusta County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.40%. Since then it has fallen by 4.14% to 17.25%.
Fraction of Income towards Rent: Augusta County VA, Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Augusta County Virginia
| Date | US | Virginia | Augusta County VA |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 17.25% |
| 2018 | 20.50% | 20.09% | 17.59% |
| 2017 | 20.13% | 19.78% | 17.68% |
| 2016 | 20.43% | 20.42% | 16.72% |
| 2015 | 20.63% | 20.72% | 19.32% |
| 2014 | 20.89% | 20.63% | 18.29% |
| 2013 | 20.78% | 20.80% | 15.17% |
| 2012 | 20.65% | 20.76% | 21.40% |
| 2011 | 20.70% | 20.59% | 17.29% |
| 2010 | 20.50% | 20.15% | 17.00% |
| 2009 | 20.12% | 20.00% | 17.59% |
| 2007 | 18.66% | 17.97% | 16.72% |
| 2005 | 18.89% | 17.96% | 18.72% |
Renter Fraction in Augusta County Virginia
You can calculate the renter fraction in Augusta 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 Augusta County as a fraction of total Augusta County households. In 2019 18.78% of households were renters according to Census ACS data.
Augusta County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Virginia | 33.87% | -0.21% | -0.84% |
| Augusta County VA | 18.78% | -2.01% | -1.17% |
Trends in the Augusta County VA Renter Fraction
The Augusta County household renter fraction peaked in in 2015 at 23.97% and is now 5.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Augusta County VA, Virginia, US
History of Augusta County Renter Fraction
| Date | US | Virginia | Augusta County VA |
|---|---|---|---|
| 2019 | 35.89% | 33.87% | 18.78% |
| 2018 | 36.05% | 34.08% | 20.79% |
| 2017 | 36.13% | 33.43% | 21.72% |
| 2016 | 36.88% | 34.71% | 19.95% |
| 2015 | 36.97% | 34.99% | 23.97% |
| 2014 | 36.90% | 34.67% | 20.75% |
| 2013 | 36.50% | 34.38% | 20.29% |
| 2012 | 36.09% | 33.84% | 18.46% |
| 2011 | 35.42% | 32.67% | 17.91% |
| 2010 | 34.65% | 32.33% | 17.85% |
| 2009 | 34.13% | 31.87% | 20.82% |
| 2007 | 32.80% | 30.49% | 20.24% |
| 2005 | 33.10% | 30.36% | 20.06% |
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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