Yakima Washington Residential Rent and Rental Statistics
The median monthly gross residential rent in Yakima, WA (the Yakima metro area) was $839 in 2019 according to the Census ACS survey.1 Average gross rent in Yakima was $803 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 Yakima median and average rent data will be released in September of 2021.
Data is also available below for Yakima rental vacancy rates, Yakima rent as a percent of median income and the fraction of renters in Yakima.
Real Gross Rent in Yakima 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% |
| Yakima, WA Median Gross Rent | $839 | +3.45% | +4.09% |
Yakima, WA Real Gross Rent Trends
At $839, real median gross rent in Yakima was at its highest level in 2019 since the series began in 2005. Average gross rent for Yakima peaked in real terms in 2011 at $840 and is now $37 (4.40%) lower.
Real Gross Rent in Yakima: Yakima WA Median, Yakima WA Average, Washington Median, US Median
Real Gross Rent History for Yakima
| Date | US Median |
Washington Median |
Yakima, WA Median |
Yakima, WA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,359 | $839 | $803 |
| 2018 | $1,077 | $1,340 | $811 | $803 |
| 2017 | $1,043 | $1,254 | $795 | $810 |
| 2016 | $1,027 | $1,188 | $806 | $797 |
| 2015 | $1,017 | $1,146 | $810 | $782 |
| 2014 | $986 | $1,090 | $837 | $800 |
| 2013 | $953 | $1,041 | $813 | $780 |
| 2012 | $940 | $1,015 | $774 | $774 |
| 2011 | $941 | $1,004 | $798 | $840 |
| 2010 | $955 | $1,015 | $802 | $813 |
| 2009 | $960 | $1,038 | $759 | $761 |
| 2007 | $927 | $959 | $723 | $712 |
| 2005 | $910 | $926 | $691 | $671 |
Yakima 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 Yakima Washington was 2.51% according to Census ACS data.
Rental Vacancy Rate in Yakima Washington
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Washington | 4.31% | +0.37% | +1.08% |
| Yakima, WA | 2.51% | -1.91% | +0.31% |
Trends in Yakima, WA Rental Vacancy Rate
The rental vacancy rate in Yakima peaked in 2005 at 8.83%. Since then it has fallen by 6.32% to 2.51%. Data records for this series originated in 2005. From a 2016 post peak low of 2.20%, the rental vacancy rate has increased by 0.31%.
Rental Vacancy Rate: Yakima WA, Washington, US
Historical Rental Vacancy Rate data for Yakima
| Date | US | Washington | Yakima, WA |
|---|---|---|---|
| 2019 | 5.97% | 4.31% | 2.51% |
| 2018 | 6.15% | 3.94% | 4.42% |
| 2017 | 6.18% | 3.68% | 2.29% |
| 2016 | 5.89% | 3.23% | 2.20% |
| 2015 | 5.85% | 3.27% | 3.65% |
| 2014 | 6.32% | 4.23% | 5.09% |
| 2013 | 6.49% | 4.65% | 4.89% |
| 2012 | 6.77% | 5.30% | 4.50% |
| 2011 | 7.40% | 5.59% | — |
| 2010 | 8.17% | 5.80% | 3.08% |
| 2009 | 8.43% | 5.98% | 3.43% |
| 2007 | 7.87% | 4.83% | 6.75% |
| 2005 | 7.74% | 5.74% | 8.83% |
Rent as a Fraction of Income
Using median household income data for Yakima, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Yakima, median monthly gross rent as a fraction of median household income was 17.90% in 2019 according to the ACS.
Yakima 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% |
| Yakima, WA | 17.90% | -0.65% | -0.97% |
Trends in Yakima, WA Rent as a Fraction of Income
The fraction of median Yakima household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.10%. Since then it has fallen by 4.20% to 17.90%.
Fraction of Income towards Rent: Yakima WA, Washington, US
Historical Data for Annual Rent as a Fraction of Income in Yakima Washington
| Date | US | Washington | Yakima, WA |
|---|---|---|---|
| 2019 | 20.03% | 20.73% | 17.90% |
| 2018 | 20.50% | 21.32% | 18.55% |
| 2017 | 20.13% | 20.56% | 19.52% |
| 2016 | 20.43% | 20.30% | 18.87% |
| 2015 | 20.63% | 20.21% | 19.41% |
| 2014 | 20.89% | 20.18% | 21.31% |
| 2013 | 20.78% | 20.32% | 22.10% |
| 2012 | 20.65% | 19.88% | 19.88% |
| 2011 | 20.70% | 19.64% | 21.03% |
| 2010 | 20.50% | 19.59% | 21.20% |
| 2009 | 20.12% | 19.33% | 19.38% |
| 2007 | 18.66% | 17.61% | 17.29% |
| 2005 | 18.89% | 18.05% | 19.28% |
Renter Fraction in Yakima Washington
You can calculate the renter fraction in Yakima 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 Yakima as a fraction of total Yakima households. In 2019 36.57% of households were renters according to Census ACS data.
Yakima 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% |
| Yakima, WA | 36.57% | +0.11% | -0.70% |
Trends in the Yakima, WA Renter Fraction
The Yakima household renter fraction peaked in in 2017 at 39.84% and is now 3.27% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Yakima WA, Washington, US
History of Yakima Renter Fraction
| Date | US | Washington | Yakima, WA |
|---|---|---|---|
| 2019 | 35.89% | 36.92% | 36.57% |
| 2018 | 36.05% | 37.18% | 36.46% |
| 2017 | 36.13% | 37.21% | 39.84% |
| 2016 | 36.88% | 37.53% | 37.27% |
| 2015 | 36.97% | 37.58% | 35.91% |
| 2014 | 36.90% | 38.25% | 35.30% |
| 2013 | 36.50% | 38.06% | 38.33% |
| 2012 | 36.09% | 37.67% | 37.92% |
| 2011 | 35.42% | 37.18% | 39.56% |
| 2010 | 34.65% | 36.90% | 38.97% |
| 2009 | 34.13% | 35.70% | 35.31% |
| 2007 | 32.80% | 33.93% | 35.44% |
| 2005 | 33.10% | 35.34% | 34.27% |
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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