Clark County Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Clark County WA was $1,377 in 2019 according to the Census ACS survey.1 Average gross rent in Clark County was $1,361 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 Clark County median and average rent data will be released in September of 2021.
Data is also available below for Clark County rental vacancy rates, Clark County rent as a percent of median income and the fraction of renters in Clark County.
Real Gross Rent in Clark County Washington (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Washington Median Gross Rent | $1,359 | +1.42% | +14.39% |
| Clark County WA Median Gross Rent | $1,377 | +0.95% | +18.91% |
Clark County WA Real Gross Rent Trends
At $1,377, real median gross rent in Clark County was at its highest level in 2019 since the series began in 2005. At $1,361, real average gross rent in Clark County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Clark County WA Median, Clark County WA Average, Washington Median, US Median
Real Gross Rent History for Clark County
| Date | US Median |
Washington Median |
Clark County WA Median |
Clark County WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $1,377 | $1,361 |
| 2018 | $1,077 | $1,340 | $1,364 | $1,322 |
| 2017 | $1,043 | $1,254 | $1,256 | $1,293 |
| 2016 | $1,027 | $1,188 | $1,158 | $1,194 |
| 2015 | $1,017 | $1,146 | $1,140 | $1,164 |
| 2014 | $986 | $1,090 | $1,031 | $1,086 |
| 2013 | $953 | $1,041 | $991 | $1,024 |
| 2012 | $940 | $1,015 | $970 | $1,035 |
| 2011 | $941 | $1,004 | $1,008 | $1,042 |
| 2010 | $955 | $1,015 | $979 | $1,012 |
| 2009 | $960 | $1,038 | $990 | $1,053 |
| 2007 | $927 | $959 | $948 | $990 |
| 2005 | $910 | $926 | $950 | $953 |
Clark 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 Clark County Washington was 3.33% according to Census ACS data.
Rental Vacancy Rate in Clark County Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Clark County WA | 3.33% | +0.12% | +0.36% |
Trends in Clark County WA Rental Vacancy Rate
The rental vacancy rate in Clark County peaked in 2010 at 8.17%. Since then it has fallen by 4.84% to 3.33%. Data records for this series originated in 2005. From a 2015 post peak low of 2.20%, the rental vacancy rate has increased by 1.13%.
Rental Vacancy Rate: Clark County WA, Washington, US
Historical Rental Vacancy Rate data for Clark County
| Date | US | Washington | Clark County WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | 3.33% |
| 2018 | 6.15% | 3.94% | 3.21% |
| 2017 | 6.18% | 3.68% | 3.72% |
| 2016 | 5.89% | 3.23% | 2.97% |
| 2015 | 5.85% | 3.27% | 2.20% |
| 2014 | 6.32% | 4.23% | 2.41% |
| 2013 | 6.49% | 4.65% | 4.05% |
| 2012 | 6.77% | 5.30% | 3.41% |
| 2011 | 7.40% | 5.59% | 3.22% |
| 2010 | 8.17% | 5.80% | 8.17% |
| 2009 | 8.43% | 5.98% | — |
| 2007 | 7.87% | 4.83% | 3.75% |
| 2005 | 7.74% | 5.74% | 3.65% |
Rent as a Fraction of Income
Using median household income data for Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clark County, median monthly gross rent as a fraction of median household income was 20.51% in 2019 according to the ACS.
Clark County Washington Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Washington | 20.73% | -0.59% | +0.43% |
| Clark County WA | 20.51% | -1.20% | +1.30% |
Trends in Clark County WA Rent as a Fraction of Income
The fraction of median Clark County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 21.71%. Since then it has fallen by 1.20% to 20.51%.
Fraction of Income towards Rent: Clark County WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Clark County Washington
| Date | US | Washington | Clark County WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 20.51% |
| 2018 | 20.50% | 21.32% | 21.71% |
| 2017 | 20.13% | 20.56% | 19.55% |
| 2016 | 20.43% | 20.30% | 19.22% |
| 2015 | 20.63% | 20.21% | 20.07% |
| 2014 | 20.89% | 20.18% | 18.99% |
| 2013 | 20.78% | 20.32% | 19.61% |
| 2012 | 20.65% | 19.88% | 19.64% |
| 2011 | 20.70% | 19.64% | 19.76% |
| 2010 | 20.50% | 19.59% | 19.14% |
| 2009 | 20.12% | 19.33% | 18.60% |
| 2007 | 18.66% | 17.61% | 16.66% |
| 2005 | 18.89% | 18.05% | 17.94% |
Renter Fraction in Clark County Washington
You can calculate the renter fraction in Clark 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 Clark County as a fraction of total Clark County households. In 2019 34.39% of households were renters according to Census ACS data.
Clark County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Washington | 36.92% | -0.26% | -0.61% |
| Clark County WA | 34.39% | +1.56% | +2.58% |
Trends in the Clark County WA Renter Fraction
The Clark County household renter fraction peaked in in 2014 at 36.89% and is now 2.50% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clark County WA, Washington, US
History of Clark County Renter Fraction
| Date | US | Washington | Clark County WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 34.39% |
| 2018 | 36.05% | 37.18% | 32.83% |
| 2017 | 36.13% | 37.21% | 32.74% |
| 2016 | 36.88% | 37.53% | 31.81% |
| 2015 | 36.97% | 37.58% | 36.26% |
| 2014 | 36.90% | 38.25% | 36.89% |
| 2013 | 36.50% | 38.06% | 35.75% |
| 2012 | 36.09% | 37.67% | 35.86% |
| 2011 | 35.42% | 37.18% | 34.86% |
| 2010 | 34.65% | 36.90% | 33.28% |
| 2009 | 34.13% | 35.70% | 35.72% |
| 2007 | 32.80% | 33.93% | 28.37% |
| 2005 | 33.10% | 35.34% | 31.67% |
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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