Snohomish County Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Snohomish County WA was $1,509 in 2019 according to the Census ACS survey.1 Average gross rent in Snohomish County was $1,495 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 Snohomish County median and average rent data will be released in September of 2021.
Data is also available below for Snohomish County rental vacancy rates, Snohomish County rent as a percent of median income and the fraction of renters in Snohomish County.
Real Gross Rent in Snohomish 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% |
| Snohomish County WA Median Gross Rent | $1,509 | -2.83% | +13.72% |
Snohomish County WA Real Gross Rent Trends
Median gross rent for Snohomish County peaked in real terms in 2018 at $1,553 and is now $44 (2.83%) lower. Average gross rent for Snohomish County peaked in real terms in 2018 at $1,516 and is now $21 (1.39%) lower.
Real Gross Rent: Snohomish County WA Median, Snohomish County WA Average, Washington Median, US Median
Real Gross Rent History for Snohomish County
| Date | US Median |
Washington Median |
Snohomish County WA Median |
Snohomish County WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $1,509 | $1,495 |
| 2018 | $1,077 | $1,340 | $1,553 | $1,516 |
| 2017 | $1,043 | $1,254 | $1,420 | $1,406 |
| 2016 | $1,027 | $1,188 | $1,327 | $1,363 |
| 2015 | $1,017 | $1,146 | $1,312 | $1,305 |
| 2014 | $986 | $1,090 | $1,262 | $1,265 |
| 2013 | $953 | $1,041 | $1,184 | $1,188 |
| 2012 | $940 | $1,015 | $1,145 | $1,170 |
| 2011 | $941 | $1,004 | $1,122 | $1,156 |
| 2010 | $955 | $1,015 | $1,144 | $1,195 |
| 2009 | $960 | $1,038 | $1,184 | $1,214 |
| 2007 | $927 | $959 | $1,089 | $1,156 |
| 2005 | $910 | $926 | $1,014 | $1,044 |
Snohomish 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 Snohomish County Washington was 4.79% according to Census ACS data.
Rental Vacancy Rate in Snohomish County Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Snohomish County WA | 4.79% | -0.02% | +1.14% |
Trends in Snohomish County WA Rental Vacancy Rate
The rental vacancy rate in Snohomish County peaked in 2013 at 5.99%. Since then it has fallen by 1.20% to 4.79%. Data records for this series originated in 2005. From a 2014 post peak low of 2.62%, the rental vacancy rate has increased by 2.17%.
Rental Vacancy Rate: Snohomish County WA, Washington, US
Historical Rental Vacancy Rate data for Snohomish County
| Date | US | Washington | Snohomish County WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | 4.79% |
| 2018 | 6.15% | 3.94% | 4.81% |
| 2017 | 6.18% | 3.68% | 2.72% |
| 2016 | 5.89% | 3.23% | 3.65% |
| 2015 | 5.85% | 3.27% | 3.45% |
| 2014 | 6.32% | 4.23% | 2.62% |
| 2013 | 6.49% | 4.65% | 5.99% |
| 2012 | 6.77% | 5.30% | 4.78% |
| 2011 | 7.40% | 5.59% | 4.60% |
| 2010 | 8.17% | 5.80% | 5.74% |
| 2009 | 8.43% | 5.98% | 4.69% |
| 2007 | 7.87% | 4.83% | 5.72% |
| 2005 | 7.74% | 5.74% | 3.78% |
Rent as a Fraction of Income
Using median household income data for Snohomish County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Snohomish County, median monthly gross rent as a fraction of median household income was 20.29% in 2019 according to the ACS.
Snohomish 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% |
| Snohomish County WA | 20.29% | -0.64% | +0.97% |
Trends in Snohomish County WA Rent as a Fraction of Income
The fraction of median Snohomish County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 20.93%. Since then it has fallen by 0.64% to 20.29%.
Fraction of Income towards Rent: Snohomish County WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Snohomish County Washington
| Date | US | Washington | Snohomish County WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 20.29% |
| 2018 | 20.50% | 21.32% | 20.93% |
| 2017 | 20.13% | 20.56% | 20.01% |
| 2016 | 20.43% | 20.30% | 19.32% |
| 2015 | 20.63% | 20.21% | 19.47% |
| 2014 | 20.89% | 20.18% | 19.92% |
| 2013 | 20.78% | 20.32% | 20.01% |
| 2012 | 20.65% | 19.88% | 19.23% |
| 2011 | 20.70% | 19.64% | 19.58% |
| 2010 | 20.50% | 19.59% | 19.45% |
| 2009 | 20.12% | 19.33% | 19.28% |
| 2007 | 18.66% | 17.61% | 17.00% |
| 2005 | 18.89% | 18.05% | 17.96% |
Renter Fraction in Snohomish County Washington
You can calculate the renter fraction in Snohomish 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 Snohomish County as a fraction of total Snohomish County households. In 2019 33.34% of households were renters according to Census ACS data.
Snohomish 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% |
| Snohomish County WA | 33.34% | +1.14% | +0.29% |
Trends in the Snohomish County WA Renter Fraction
The Snohomish County household renter fraction peaked in in 2014 at 34.69% and is now 1.35% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Snohomish County WA, Washington, US
History of Snohomish County Renter Fraction
| Date | US | Washington | Snohomish County WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 33.34% |
| 2018 | 36.05% | 37.18% | 32.20% |
| 2017 | 36.13% | 37.21% | 33.30% |
| 2016 | 36.88% | 37.53% | 33.05% |
| 2015 | 36.97% | 37.58% | 34.68% |
| 2014 | 36.90% | 38.25% | 34.69% |
| 2013 | 36.50% | 38.06% | 34.36% |
| 2012 | 36.09% | 37.67% | 33.99% |
| 2011 | 35.42% | 37.18% | 34.50% |
| 2010 | 34.65% | 36.90% | 32.81% |
| 2009 | 34.13% | 35.70% | 33.44% |
| 2007 | 32.80% | 33.93% | 30.96% |
| 2005 | 33.10% | 35.34% | 32.63% |
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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