Kennewick Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Kennewick, WA (the Kennewick-Pasco-Richland metro area) was $1,027 in 2019 according to the Census ACS survey.1 Average gross rent in Kennewick was $1,074 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 Kennewick median and average rent data will be released in September of 2021.
Data is also available below for Kennewick rental vacancy rates, Kennewick rent as a percent of median income and the fraction of renters in Kennewick.
Real Gross Rent in Kennewick 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% |
| Kennewick, WA Median Gross Rent | $1,027 | +6.42% | +12.12% |
Kennewick, WA Real Gross Rent Trends
At $1,027, real median gross rent in Kennewick was at its highest level in 2019 since the series began in 2005. At $1,074, real average gross rent in Kennewick was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Kennewick: Kennewick WA Median, Kennewick WA Average, Washington Median, US Median
Real Gross Rent History for Kennewick
| Date | US Median |
Washington Median |
Kennewick, WA Median |
Kennewick, WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $1,027 | $1,074 |
| 2018 | $1,077 | $1,340 | $965 | $960 |
| 2017 | $1,043 | $1,254 | $974 | $986 |
| 2016 | $1,027 | $1,188 | $916 | $909 |
| 2015 | $1,017 | $1,146 | $875 | $873 |
| 2014 | $986 | $1,090 | $907 | $967 |
| 2013 | $953 | $1,041 | $877 | $864 |
| 2012 | $940 | $1,015 | $822 | $822 |
| 2011 | $941 | $1,004 | $820 | $913 |
| 2010 | $955 | $1,015 | $801 | $813 |
| 2009 | $960 | $1,038 | $834 | $842 |
| 2007 | $927 | $959 | $778 | $791 |
| 2005 | $910 | $926 | $878 | $789 |
Kennewick 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 Kennewick Washington was 5.34% according to Census ACS data.
Rental Vacancy Rate in Kennewick Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Kennewick, WA | 5.34% | +2.16% | +1.90% |
Trends in Kennewick, WA Rental Vacancy Rate
The rental vacancy rate in Kennewick peaked in 2007 at 13.79%. Since then it has fallen by 8.45% to 5.34%. Data records for this series originated in 2005. From a 2013 post peak low of 2.31%, the rental vacancy rate has increased by 3.03%.
Rental Vacancy Rate: Kennewick WA, Washington, US
Historical Rental Vacancy Rate data for Kennewick
| Date | US | Washington | Kennewick, WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | 5.34% |
| 2018 | 6.15% | 3.94% | 3.18% |
| 2017 | 6.18% | 3.68% | 4.48% |
| 2016 | 5.89% | 3.23% | 3.44% |
| 2015 | 5.85% | 3.27% | — |
| 2014 | 6.32% | 4.23% | 6.33% |
| 2013 | 6.49% | 4.65% | 2.31% |
| 2012 | 6.77% | 5.30% | 7.82% |
| 2011 | 7.40% | 5.59% | 5.92% |
| 2010 | 8.17% | 5.80% | 5.08% |
| 2009 | 8.43% | 5.98% | 7.13% |
| 2007 | 7.87% | 4.83% | 13.79% |
| 2005 | 7.74% | 5.74% | 10.47% |
Rent as a Fraction of Income
Using median household income data for Kennewick, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kennewick, median monthly gross rent as a fraction of median household income was 18.05% in 2019 according to the ACS.
Kennewick 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% |
| Kennewick, WA | 18.05% | +0.52% | +0.84% |
Trends in Kennewick, WA Rent as a Fraction of Income
Kennewick renters paid 18.05% 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 2005.
Fraction of Income towards Rent: Kennewick WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Kennewick Washington
| Date | US | Washington | Kennewick, WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 18.05% |
| 2018 | 20.50% | 21.32% | 17.53% |
| 2017 | 20.13% | 20.56% | 17.83% |
| 2016 | 20.43% | 20.30% | 17.21% |
| 2015 | 20.63% | 20.21% | 16.13% |
| 2014 | 20.89% | 20.18% | 17.77% |
| 2013 | 20.78% | 20.32% | 17.07% |
| 2012 | 20.65% | 19.88% | 16.22% |
| 2011 | 20.70% | 19.64% | 15.37% |
| 2010 | 20.50% | 19.59% | 15.25% |
| 2009 | 20.12% | 19.33% | 16.26% |
| 2007 | 18.66% | 17.61% | 15.67% |
| 2005 | 18.89% | 18.05% | 17.29% |
Renter Fraction in Kennewick Washington
You can calculate the renter fraction in Kennewick 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 Kennewick as a fraction of total Kennewick households. In 2019 32.44% of households were renters according to Census ACS data.
Kennewick 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% |
| Kennewick, WA | 32.44% | -0.39% | +1.88% |
Trends in the Kennewick, WA Renter Fraction
The Kennewick household renter fraction peaked in in 2014 at 33.63% and is now 1.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kennewick WA, Washington, US
History of Kennewick Renter Fraction
| Date | US | Washington | Kennewick, WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 32.44% |
| 2018 | 36.05% | 37.18% | 32.83% |
| 2017 | 36.13% | 37.21% | 33.03% |
| 2016 | 36.88% | 37.53% | 30.56% |
| 2015 | 36.97% | 37.58% | 32.61% |
| 2014 | 36.90% | 38.25% | 33.63% |
| 2013 | 36.50% | 38.06% | 31.95% |
| 2012 | 36.09% | 37.67% | 32.03% |
| 2011 | 35.42% | 37.18% | 32.06% |
| 2010 | 34.65% | 36.90% | 32.43% |
| 2009 | 34.13% | 35.70% | 32.09% |
| 2007 | 32.80% | 33.93% | 30.39% |
| 2005 | 33.10% | 35.34% | 28.48% |
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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