James City County Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in James City County VA was $1,311 in 2019 according to the Census ACS survey.1 Average gross rent in James City County was $1,378 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 James City County median and average rent data will be released in September of 2021.
Data is also available below for James City County rental vacancy rates, James City County rent as a percent of median income and the fraction of renters in James City County.
Real Gross Rent in James City 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% |
| James City County VA Median Gross Rent | $1,311 | 0.00% | +1.31% |
James City County VA Real Gross Rent Trends
Median gross rent for James City County peaked in real terms in 2015 at $1,481 and is now $170 (11.48%) lower. From a recent low of 1104.0 in 2017, real median gross rent has now increased by $207 (18.75%). Average gross rent for James City County peaked in real terms in 2010 at $1,498 and is now $120 (8.01%) lower. From a recent low of 1206.0 in 2014, real average gross rent has now increased by $172 (14.26%).
Real Gross Rent: James City County VA Median, James City County VA Average, Virginia Median, US Median
Real Gross Rent History for James City County
| Date | US Median |
Virginia Median |
James City County VA Median |
James City County VA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,254 | $1,311 | $1,378 |
| 2018 | $1,077 | $1,237 | $1,311 | $1,405 |
| 2017 | $1,043 | $1,216 | $1,104 | $1,234 |
| 2016 | $1,027 | $1,214 | $1,294 | $1,303 |
| 2015 | $1,017 | $1,214 | $1,481 | $1,460 |
| 2014 | $986 | $1,178 | $1,172 | $1,206 |
| 2013 | $953 | $1,144 | $1,209 | $1,378 |
| 2012 | $940 | $1,136 | $1,236 | $1,367 |
| 2011 | $941 | $1,147 | $1,172 | $1,241 |
| 2010 | $955 | $1,139 | $1,259 | $1,498 |
| 2009 | $960 | $1,127 | — | — |
| 2007 | $927 | $1,048 | — | — |
| 2005 | $910 | $1,015 | — | — |
Historical Rental Vacancy Rate data for James City County
| Date | US | Virginia | James City 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% | — |
| 2012 | 6.77% | 6.18% | 11.40% |
| 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 James City County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For James City County, median monthly gross rent as a fraction of median household income was 17.16% in 2019 according to the ACS.
James City 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% |
| James City County VA | 17.16% | -1.42% | -0.61% |
Trends in James City County VA Rent as a Fraction of Income
The fraction of median James City County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2010 series origin) at 22.65%. Since then it has fallen by 5.49% to 17.16%. From a 2017 low of 14.62%, the fraction of income going to rent has increased by 2.54%.
Fraction of Income towards Rent: James City County VA, Virginia, US
Historical Data for Annual Rent as a Fraction of Income in James City County Virginia
| Date | US | Virginia | James City County VA |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 17.16% |
| 2018 | 20.50% | 20.09% | 18.58% |
| 2017 | 20.13% | 19.78% | 14.62% |
| 2016 | 20.43% | 20.42% | 17.77% |
| 2015 | 20.63% | 20.72% | 22.65% |
| 2014 | 20.89% | 20.63% | 18.34% |
| 2013 | 20.78% | 20.80% | 18.71% |
| 2012 | 20.65% | 20.76% | 17.55% |
| 2011 | 20.70% | 20.59% | 18.17% |
| 2010 | 20.50% | 20.15% | 18.10% |
| 2009 | 20.12% | 20.00% | — |
| 2007 | 18.66% | 17.97% | — |
| 2005 | 18.89% | 17.96% | — |
Renter Fraction in James City County Virginia
You can calculate the renter fraction in James City 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 James City County as a fraction of total James City County households. In 2019 19.60% of households were renters according to Census ACS data.
James City 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% |
| James City County VA | 19.60% | -6.95% | -3.42% |
Trends in the James City County VA Renter Fraction
The James City County household renter fraction peaked in in 2014 at 31.83% and is now 12.23% below that level. The origin year for the series is 2010.
Fraction of Renting Households: James City County VA, Virginia, US
History of James City County Renter Fraction
| Date | US | Virginia | James City County VA |
|---|---|---|---|
| 2019 | 35.89% | 33.87% | 19.60% |
| 2018 | 36.05% | 34.08% | 26.55% |
| 2017 | 36.13% | 33.43% | 22.82% |
| 2016 | 36.88% | 34.71% | 23.02% |
| 2015 | 36.97% | 34.99% | 25.23% |
| 2014 | 36.90% | 34.67% | 31.83% |
| 2013 | 36.50% | 34.38% | 23.94% |
| 2012 | 36.09% | 33.84% | 20.45% |
| 2011 | 35.42% | 32.67% | 24.03% |
| 2010 | 34.65% | 32.33% | 28.04% |
| 2009 | 34.13% | 31.87% | — |
| 2007 | 32.80% | 30.49% | — |
| 2005 | 33.10% | 30.36% | — |
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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