Franklin County Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Franklin County WA was $1,037 in 2019 according to the Census ACS survey.1 Average gross rent in Franklin County was $1,030 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 Franklin County median and average rent data will be released in September of 2021.
Data is also available below for Franklin County rental vacancy rates, Franklin County rent as a percent of median income and the fraction of renters in Franklin County.
Real Gross Rent in Franklin 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% |
| Franklin County WA Median Gross Rent | $1,037 | +12.96% | +32.61% |
Franklin County WA Real Gross Rent Trends
At $1,037, real median gross rent in Franklin County was at its highest level in 2019 since the series began in 2006. At $1,030, real average gross rent in Franklin County was at its highest level in 2019 since the series began in 2006.
Real Gross Rent: Franklin County WA Median, Franklin County WA Average, Washington Median, US Median
Real Gross Rent History for Franklin County
| Date | US Median |
Washington Median |
Franklin County WA Median |
Franklin County WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $1,037 | $1,030 |
| 2018 | $1,077 | $1,340 | $918 | $904 |
| 2017 | $1,043 | $1,254 | $826 | $760 |
| 2016 | $1,027 | $1,188 | $782 | $807 |
| 2015 | $1,017 | $1,146 | $877 | $869 |
| 2014 | $986 | $1,090 | $982 | $1,023 |
| 2013 | $953 | $1,041 | $867 | $792 |
| 2012 | $940 | $1,015 | $811 | $773 |
| 2011 | $941 | $1,004 | $717 | $779 |
| 2010 | $955 | $1,015 | $779 | $779 |
| 2009 | $960 | $1,038 | $788 | $716 |
| 2007 | $927 | $959 | $715 | $710 |
| 2005 | $910 | $926 | — | — |
Historical Rental Vacancy Rate data for Franklin County
| Date | US | Washington | Franklin County WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | — |
| 2018 | 6.15% | 3.94% | — |
| 2017 | 6.18% | 3.68% | — |
| 2016 | 5.89% | 3.23% | — |
| 2015 | 5.85% | 3.27% | — |
| 2014 | 6.32% | 4.23% | — |
| 2013 | 6.49% | 4.65% | — |
| 2012 | 6.77% | 5.30% | — |
| 2011 | 7.40% | 5.59% | — |
| 2010 | 8.17% | 5.80% | — |
| 2009 | 8.43% | 5.98% | — |
| 2007 | 7.87% | 4.83% | — |
| 2005 | 7.74% | 5.74% | — |
Rent as a Fraction of Income
Using median household income data for Franklin County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Franklin County, median monthly gross rent as a fraction of median household income was 20.09% in 2019 according to the ACS.
Franklin 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% |
| Franklin County WA | 20.09% | +2.05% | +4.54% |
Trends in Franklin County WA Rent as a Fraction of Income
Franklin County renters paid 20.09% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2006.
Fraction of Income towards Rent: Franklin County WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Franklin County Washington
| Date | US | Washington | Franklin County WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 20.09% |
| 2018 | 20.50% | 21.32% | 18.04% |
| 2017 | 20.13% | 20.56% | 14.94% |
| 2016 | 20.43% | 20.30% | 15.54% |
| 2015 | 20.63% | 20.21% | 16.63% |
| 2014 | 20.89% | 20.18% | 19.28% |
| 2013 | 20.78% | 20.32% | 17.44% |
| 2012 | 20.65% | 19.88% | 16.51% |
| 2011 | 20.70% | 19.64% | 16.20% |
| 2010 | 20.50% | 19.59% | 16.25% |
| 2009 | 20.12% | 19.33% | 17.32% |
| 2007 | 18.66% | 17.61% | 15.08% |
| 2005 | 18.89% | 18.05% | — |
Renter Fraction in Franklin County Washington
You can calculate the renter fraction in Franklin 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 Franklin County as a fraction of total Franklin County households. In 2019 33.75% of households were renters according to Census ACS data.
Franklin 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% |
| Franklin County WA | 33.75% | -0.37% | +3.08% |
Trends in the Franklin County WA Renter Fraction
The Franklin County household renter fraction peaked in in 2010 at 36.43% and is now 2.68% below that level. The origin year for the series is 2006.
Fraction of Renting Households: Franklin County WA, Washington, US
History of Franklin County Renter Fraction
| Date | US | Washington | Franklin County WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 33.75% |
| 2018 | 36.05% | 37.18% | 34.12% |
| 2017 | 36.13% | 37.21% | 30.82% |
| 2016 | 36.88% | 37.53% | 30.67% |
| 2015 | 36.97% | 37.58% | 34.05% |
| 2014 | 36.90% | 38.25% | 32.46% |
| 2013 | 36.50% | 38.06% | 33.65% |
| 2012 | 36.09% | 37.67% | 35.00% |
| 2011 | 35.42% | 37.18% | 32.28% |
| 2010 | 34.65% | 36.90% | 36.43% |
| 2009 | 34.13% | 35.70% | 34.04% |
| 2007 | 32.80% | 33.93% | 32.17% |
| 2005 | 33.10% | 35.34% | — |
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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