Wenatchee Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Wenatchee, WA (the Wenatchee-East Wenatchee metro area) was $959 in 2019 according to the Census ACS survey.1 Average gross rent in Wenatchee was $897 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 Wenatchee median and average rent data will be released in September of 2021.
Data is also available below for Wenatchee rental vacancy rates, Wenatchee rent as a percent of median income and the fraction of renters in Wenatchee.
Real Gross Rent in Wenatchee 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% |
| Wenatchee, WA Median Gross Rent | $959 | +1.05% | +10.36% |
Wenatchee, WA Real Gross Rent Trends
At $959, real median gross rent in Wenatchee was at its highest level in 2019 since the series began in 2005. Average gross rent for Wenatchee peaked in real terms in 2018 at $929 and is now $32 (3.44%) lower.
Real Gross Rent in Wenatchee: Wenatchee WA Median, Wenatchee WA Average, Washington Median, US Median
Real Gross Rent History for Wenatchee
| Date | US Median |
Washington Median |
Wenatchee, WA Median |
Wenatchee, WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $959 | $897 |
| 2018 | $1,077 | $1,340 | $949 | $929 |
| 2017 | $1,043 | $1,254 | $878 | $848 |
| 2016 | $1,027 | $1,188 | $869 | $883 |
| 2015 | $1,017 | $1,146 | $844 | $805 |
| 2014 | $986 | $1,090 | $795 | $730 |
| 2013 | $953 | $1,041 | $826 | $856 |
| 2012 | $940 | $1,015 | $790 | $754 |
| 2011 | $941 | $1,004 | $811 | $807 |
| 2010 | $955 | $1,015 | $798 | $799 |
| 2009 | $960 | $1,038 | $781 | $805 |
| 2007 | $927 | $959 | $683 | $663 |
| 2005 | $910 | $926 | $706 | $613 |
Wenatchee 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 Wenatchee Washington was 9.18% according to Census ACS data.
Rental Vacancy Rate in Wenatchee Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Wenatchee, WA | 9.18% | +6.90% | — |
Trends in Wenatchee, WA Rental Vacancy Rate
The rental vacancy rate in Wenatchee peaked in 2014 at 10.57%. Since then it has fallen by 1.39% to 9.18%. Data records for this series originated in 2005. From a 2018 post peak low of 2.28%, the rental vacancy rate has increased by 6.90%.
Rental Vacancy Rate: Wenatchee WA, Washington, US
Historical Rental Vacancy Rate data for Wenatchee
| Date | US | Washington | Wenatchee, WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | 9.18% |
| 2018 | 6.15% | 3.94% | 2.28% |
| 2017 | 6.18% | 3.68% | 6.84% |
| 2016 | 5.89% | 3.23% | — |
| 2015 | 5.85% | 3.27% | 4.24% |
| 2014 | 6.32% | 4.23% | 10.57% |
| 2013 | 6.49% | 4.65% | 7.24% |
| 2012 | 6.77% | 5.30% | 7.15% |
| 2011 | 7.40% | 5.59% | 5.36% |
| 2010 | 8.17% | 5.80% | 10.00% |
| 2009 | 8.43% | 5.98% | 7.54% |
| 2007 | 7.87% | 4.83% | 4.33% |
| 2005 | 7.74% | 5.74% | 2.82% |
Rent as a Fraction of Income
Using median household income data for Wenatchee, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wenatchee, median monthly gross rent as a fraction of median household income was 19.01% in 2019 according to the ACS.
Wenatchee 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% |
| Wenatchee, WA | 19.01% | +0.89% | -0.06% |
Trends in Wenatchee, WA Rent as a Fraction of Income
The fraction of median Wenatchee household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 19.07%. Since then it has fallen by 0.06% to 19.01%.
Fraction of Income towards Rent: Wenatchee WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Wenatchee Washington
| Date | US | Washington | Wenatchee, WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 19.01% |
| 2018 | 20.50% | 21.32% | 18.12% |
| 2017 | 20.13% | 20.56% | 17.33% |
| 2016 | 20.43% | 20.30% | 19.07% |
| 2015 | 20.63% | 20.21% | 16.96% |
| 2014 | 20.89% | 20.18% | 17.72% |
| 2013 | 20.78% | 20.32% | 18.38% |
| 2012 | 20.65% | 19.88% | 18.87% |
| 2011 | 20.70% | 19.64% | 18.00% |
| 2010 | 20.50% | 19.59% | 17.91% |
| 2009 | 20.12% | 19.33% | 16.52% |
| 2007 | 18.66% | 17.61% | 16.05% |
| 2005 | 18.89% | 18.05% | 16.82% |
Renter Fraction in Wenatchee Washington
You can calculate the renter fraction in Wenatchee 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 Wenatchee as a fraction of total Wenatchee households. In 2019 35.11% of households were renters according to Census ACS data.
Wenatchee 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% |
| Wenatchee, WA | 35.11% | -0.03% | +2.77% |
Trends in the Wenatchee, WA Renter Fraction
The Wenatchee household renter fraction peaked in in 2017 at 36.86% and is now 1.75% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wenatchee WA, Washington, US
History of Wenatchee Renter Fraction
| Date | US | Washington | Wenatchee, WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 35.11% |
| 2018 | 36.05% | 37.18% | 35.14% |
| 2017 | 36.13% | 37.21% | 36.86% |
| 2016 | 36.88% | 37.53% | 32.34% |
| 2015 | 36.97% | 37.58% | 30.90% |
| 2014 | 36.90% | 38.25% | 30.37% |
| 2013 | 36.50% | 38.06% | 36.68% |
| 2012 | 36.09% | 37.67% | 32.92% |
| 2011 | 35.42% | 37.18% | 30.68% |
| 2010 | 34.65% | 36.90% | 34.06% |
| 2009 | 34.13% | 35.70% | 32.14% |
| 2007 | 32.80% | 33.93% | 29.47% |
| 2005 | 33.10% | 35.34% | 34.80% |
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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