Prince William County Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Prince William County VA was $1,741 in 2019 according to the Census ACS survey.1 Average gross rent in Prince William County was $1,707 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 Prince William County median and average rent data will be released in September of 2021.
Data is also available below for Prince William County rental vacancy rates, Prince William County rent as a percent of median income and the fraction of renters in Prince William County.
Real Gross Rent in Prince William 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% |
| Prince William County VA Median Gross Rent | $1,741 | +3.14% | +5.07% |
Prince William County VA Real Gross Rent Trends
At $1,741, real median gross rent in Prince William County was at its highest level in 2019 since the series began in 2005. At $1,707, real average gross rent in Prince William County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Prince William County VA Median, Prince William County VA Average, Virginia Median, US Median
Real Gross Rent History for Prince William County
| Date | US Median |
Virginia Median |
Prince William County VA Median |
Prince William County VA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,254 | $1,741 | $1,707 |
| 2018 | $1,077 | $1,237 | $1,688 | $1,693 |
| 2017 | $1,043 | $1,216 | $1,710 | $1,683 |
| 2016 | $1,027 | $1,214 | $1,657 | $1,620 |
| 2015 | $1,017 | $1,214 | $1,677 | $1,652 |
| 2014 | $986 | $1,178 | $1,667 | $1,667 |
| 2013 | $953 | $1,144 | $1,566 | $1,665 |
| 2012 | $940 | $1,136 | $1,539 | $1,619 |
| 2011 | $941 | $1,147 | $1,556 | $1,617 |
| 2010 | $955 | $1,139 | $1,524 | $1,568 |
| 2009 | $960 | $1,127 | $1,498 | $1,580 |
| 2007 | $927 | $1,048 | $1,490 | $1,555 |
| 2005 | $910 | $1,015 | $1,476 | $1,451 |
Prince William 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 Prince William County Virginia was 6.99% according to Census ACS data.
Rental Vacancy Rate in Prince William County Virginia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Virginia | 5.53% | +0.36% | -0.06% |
| Prince William County VA | 6.99% | -0.45% | +1.95% |
Trends in Prince William County VA Rental Vacancy Rate
The rental vacancy rate in Prince William County peaked in 2008 at 8.82%. Since then it has fallen by 1.83% to 6.99%. Data records for this series originated in 2005. From a 2011 post peak low of 3.06%, the rental vacancy rate has increased by 3.93%.
Rental Vacancy Rate: Prince William County VA, Virginia, US
Historical Rental Vacancy Rate data for Prince William County
| Date | US | Virginia | Prince William County VA |
|---|---|---|---|
| 2019 | 5.97% | 5.53% | 6.99% |
| 2018 | 6.15% | 5.17% | 7.44% |
| 2017 | 6.18% | 6.45% | 8.69% |
| 2016 | 5.89% | 5.59% | 5.04% |
| 2015 | 5.85% | 5.13% | 4.26% |
| 2014 | 6.32% | 5.79% | 4.33% |
| 2013 | 6.49% | 6.38% | 4.33% |
| 2012 | 6.77% | 6.18% | 3.45% |
| 2011 | 7.40% | 7.54% | 3.06% |
| 2010 | 8.17% | 7.02% | 5.93% |
| 2009 | 8.43% | 7.29% | 7.68% |
| 2007 | 7.87% | 7.11% | 8.67% |
| 2005 | 7.74% | 7.20% | — |
Rent as a Fraction of Income
Using median household income data for Prince William County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Prince William County, median monthly gross rent as a fraction of median household income was 19.55% in 2019 according to the ACS.
Prince William 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% |
| Prince William County VA | 19.55% | +1.12% | +0.18% |
Trends in Prince William County VA Rent as a Fraction of Income
The fraction of median Prince William County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.57%. Since then it has fallen by 1.02% to 19.55%.
Fraction of Income towards Rent: Prince William County VA, Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Prince William County Virginia
| Date | US | Virginia | Prince William County VA |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 19.55% |
| 2018 | 20.50% | 20.09% | 18.44% |
| 2017 | 20.13% | 19.78% | 19.73% |
| 2016 | 20.43% | 20.42% | 19.37% |
| 2015 | 20.63% | 20.72% | 19.02% |
| 2014 | 20.89% | 20.63% | 20.57% |
| 2013 | 20.78% | 20.80% | 18.73% |
| 2012 | 20.65% | 20.76% | 18.52% |
| 2011 | 20.70% | 20.59% | 18.17% |
| 2010 | 20.50% | 20.15% | 17.67% |
| 2009 | 20.12% | 20.00% | 17.56% |
| 2007 | 18.66% | 17.97% | 17.44% |
| 2005 | 18.89% | 17.96% | 17.30% |
Renter Fraction in Prince William County Virginia
You can calculate the renter fraction in Prince William 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 Prince William County as a fraction of total Prince William County households. In 2019 26.48% of households were renters according to Census ACS data.
Prince William 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% |
| Prince William County VA | 26.48% | -0.01% | -4.63% |
Trends in the Prince William County VA Renter Fraction
The Prince William County household renter fraction peaked in in 2016 at 31.11% and is now 4.63% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Prince William County VA, Virginia, US
History of Prince William County Renter Fraction
| Date | US | Virginia | Prince William County VA |
|---|---|---|---|
| 2019 | 35.89% | 33.87% | 26.48% |
| 2018 | 36.05% | 34.08% | 26.49% |
| 2017 | 36.13% | 33.43% | 23.95% |
| 2016 | 36.88% | 34.71% | 31.11% |
| 2015 | 36.97% | 34.99% | 29.77% |
| 2014 | 36.90% | 34.67% | 27.45% |
| 2013 | 36.50% | 34.38% | 30.92% |
| 2012 | 36.09% | 33.84% | 29.49% |
| 2011 | 35.42% | 32.67% | 29.06% |
| 2010 | 34.65% | 32.33% | 26.85% |
| 2009 | 34.13% | 31.87% | 26.85% |
| 2007 | 32.80% | 30.49% | 24.69% |
| 2005 | 33.10% | 30.36% | 23.38% |
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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