Island County Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Island County WA was $1,402 in 2019 according to the Census ACS survey.1 Average gross rent in Island County was $1,352 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 Island County median and average rent data will be released in September of 2021.
Data is also available below for Island County rental vacancy rates, Island County rent as a percent of median income and the fraction of renters in Island County.
Real Gross Rent in Island 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% |
| Island County WA Median Gross Rent | $1,402 | +15.58% | +24.40% |
Island County WA Real Gross Rent Trends
At $1,402, real median gross rent in Island County was at its highest level in 2019 since the series began in 2005. At $1,352, real average gross rent in Island County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Island County WA Median, Island County WA Average, Washington Median, US Median
Real Gross Rent History for Island County
| Date | US Median |
Washington Median |
Island County WA Median |
Island County WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $1,402 | $1,352 |
| 2018 | $1,077 | $1,340 | $1,213 | $1,222 |
| 2017 | $1,043 | $1,254 | $1,089 | $1,083 |
| 2016 | $1,027 | $1,188 | $1,127 | $1,121 |
| 2015 | $1,017 | $1,146 | $1,146 | $1,144 |
| 2014 | $986 | $1,090 | $1,113 | $1,076 |
| 2013 | $953 | $1,041 | $1,166 | $1,087 |
| 2012 | $940 | $1,015 | $1,108 | $1,087 |
| 2011 | $941 | $1,004 | $1,123 | $1,056 |
| 2010 | $955 | $1,015 | $1,057 | $1,057 |
| 2009 | $960 | $1,038 | $1,079 | $1,028 |
| 2007 | $927 | $959 | $994 | $906 |
| 2005 | $910 | $926 | $976 | $955 |
Island County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Island County Washington was 9.03% according to Census ACS data.
Rental Vacancy Rate in Island County Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Island County WA | — | — | — |
Trends in Island County WA Rental Vacancy Rate
The rental vacancy rate in Island County peaked in 2006 at 12.84%. Since then it has fallen by 3.81% to 9.03%. Data records for this series originated in 2005. From a 2013 post peak low of 3.39%, the rental vacancy rate has increased by 5.64%.
Rental Vacancy Rate: Island County WA, Washington, US
Historical Rental Vacancy Rate data for Island County
| Date | US | Washington | Island County WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | — |
| 2018 | 6.15% | 3.94% | 9.03% |
| 2017 | 6.18% | 3.68% | 9.44% |
| 2016 | 5.89% | 3.23% | — |
| 2015 | 5.85% | 3.27% | — |
| 2014 | 6.32% | 4.23% | — |
| 2013 | 6.49% | 4.65% | 3.39% |
| 2012 | 6.77% | 5.30% | 6.49% |
| 2011 | 7.40% | 5.59% | 9.49% |
| 2010 | 8.17% | 5.80% | 6.67% |
| 2009 | 8.43% | 5.98% | — |
| 2007 | 7.87% | 4.83% | 6.71% |
| 2005 | 7.74% | 5.74% | — |
Rent as a Fraction of Income
Using median household income data for Island County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Island County, median monthly gross rent as a fraction of median household income was 23.35% in 2019 according to the ACS.
Island 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% |
| Island County WA | 23.35% | +1.29% | +3.42% |
Trends in Island County WA Rent as a Fraction of Income
The fraction of median Island County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 25.60%. Since then it has fallen by 2.25% to 23.35%.
Fraction of Income towards Rent: Island County WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Island County Washington
| Date | US | Washington | Island County WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 23.35% |
| 2018 | 20.50% | 21.32% | 22.06% |
| 2017 | 20.13% | 20.56% | 21.25% |
| 2016 | 20.43% | 20.30% | 19.92% |
| 2015 | 20.63% | 20.21% | 21.41% |
| 2014 | 20.89% | 20.18% | 21.10% |
| 2013 | 20.78% | 20.32% | 25.60% |
| 2012 | 20.65% | 19.88% | 21.79% |
| 2011 | 20.70% | 19.64% | 20.99% |
| 2010 | 20.50% | 19.59% | 20.70% |
| 2009 | 20.12% | 19.33% | 20.37% |
| 2007 | 18.66% | 17.61% | 17.25% |
| 2005 | 18.89% | 18.05% | 20.07% |
Renter Fraction in Island County Washington
You can calculate the renter fraction in Island 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 Island County as a fraction of total Island County households. In 2019 27.00% of households were renters according to Census ACS data.
Island 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% |
| Island County WA | 27.00% | +0.13% | -6.22% |
Trends in the Island County WA Renter Fraction
The Island County household renter fraction peaked in in 2014 at 35.43% and is now 8.43% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Island County WA, Washington, US
History of Island County Renter Fraction
| Date | US | Washington | Island County WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 27.00% |
| 2018 | 36.05% | 37.18% | 26.87% |
| 2017 | 36.13% | 37.21% | 31.06% |
| 2016 | 36.88% | 37.53% | 33.22% |
| 2015 | 36.97% | 37.58% | 29.74% |
| 2014 | 36.90% | 38.25% | 35.43% |
| 2013 | 36.50% | 38.06% | 31.38% |
| 2012 | 36.09% | 37.67% | 34.37% |
| 2011 | 35.42% | 37.18% | 29.87% |
| 2010 | 34.65% | 36.90% | 29.23% |
| 2009 | 34.13% | 35.70% | 26.58% |
| 2007 | 32.80% | 33.93% | 25.90% |
| 2005 | 33.10% | 35.34% | 27.38% |
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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