Berkeley County West Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Berkeley County WV was $984 in 2019 according to the Census ACS survey.1 Average gross rent in Berkeley County was $910 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 Berkeley County median and average rent data will be released in September of 2021.
Data is also available below for Berkeley County rental vacancy rates, Berkeley County rent as a percent of median income and the fraction of renters in Berkeley County.
Real Gross Rent in Berkeley County West Virginia (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| West Virginia Median Gross Rent | $727 | -2.81% | +1.82% |
| Berkeley County WV Median Gross Rent | $984 | +6.15% | -5.20% |
Berkeley County WV Real Gross Rent Trends
Median gross rent for Berkeley County peaked in real terms in 2016 at $1,038 and is now $54 (5.20%) lower. Average gross rent for Berkeley County peaked in real terms in 2016 at $1,003 and is now $93 (9.27%) lower.
Real Gross Rent: Berkeley County WV Median, Berkeley County WV Average, West Virginia Median, US Median
Real Gross Rent History for Berkeley County
| Date | US Median |
West Virginia Median |
Berkeley County WV Median |
Berkeley County WV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $727 | $984 | $910 |
| 2018 | $1,077 | $748 | $927 | $926 |
| 2017 | $1,043 | $711 | $1,015 | $910 |
| 2016 | $1,027 | $714 | $1,038 | $1,003 |
| 2015 | $1,017 | $716 | $964 | $941 |
| 2014 | $986 | $693 | $962 | $853 |
| 2013 | $953 | $653 | $906 | $800 |
| 2012 | $940 | $646 | $912 | $897 |
| 2011 | $941 | $647 | $889 | $900 |
| 2010 | $955 | $638 | $711 | $734 |
| 2009 | $960 | $629 | $920 | $863 |
| 2007 | $927 | $617 | $833 | $827 |
| 2005 | $910 | $604 | $844 | $825 |
Berkeley County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Berkeley County West Virginia was 9.42% according to Census ACS data.
Rental Vacancy Rate in Berkeley County West Virginia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| West Virginia | 7.24% | +0.40% | -0.68% |
| Berkeley County WV | — | — | — |
Trends in Berkeley County WV Rental Vacancy Rate
The rental vacancy rate in Berkeley County peaked in 2009 at 12.00%. Since then it has fallen by 2.58% to 9.42%. Data records for this series originated in 2005.
Rental Vacancy Rate: Berkeley County WV, West Virginia, US
Historical Rental Vacancy Rate data for Berkeley County
| Date | US | West Virginia | Berkeley County WV |
|---|---|---|---|
| 2019 | 5.97% | 7.24% | — |
| 2018 | 6.15% | 6.84% | — |
| 2017 | 6.18% | 8.21% | 9.42% |
| 2016 | 5.89% | 7.92% | 8.67% |
| 2015 | 5.85% | 6.82% | 4.91% |
| 2014 | 6.32% | 8.91% | 10.86% |
| 2013 | 6.49% | 7.75% | — |
| 2012 | 6.77% | 6.82% | — |
| 2011 | 7.40% | 8.13% | 8.53% |
| 2010 | 8.17% | 8.96% | 10.45% |
| 2009 | 8.43% | 8.76% | 12.00% |
| 2007 | 7.87% | 8.79% | 7.83% |
| 2005 | 7.74% | 7.58% | — |
Rent as a Fraction of Income
Using median household income data for Berkeley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Berkeley County, median monthly gross rent as a fraction of median household income was 18.93% in 2019 according to the ACS.
Berkeley County West Virginia Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| West Virginia | 17.86% | -2.14% | -1.00% |
| Berkeley County WV | 18.93% | +0.51% | -1.80% |
Trends in Berkeley County WV Rent as a Fraction of Income
The fraction of median Berkeley County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 20.73%. Since then it has fallen by 1.80% to 18.93%.
Fraction of Income towards Rent: Berkeley County WV, West Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Berkeley County West Virginia
| Date | US | West Virginia | Berkeley County WV |
|---|---|---|---|
| 2019 | 20.03% | 17.86% | 18.93% |
| 2018 | 20.50% | 20.00% | 18.43% |
| 2017 | 20.13% | 19.05% | 19.97% |
| 2016 | 20.43% | 18.86% | 20.73% |
| 2015 | 20.63% | 19.28% | 20.37% |
| 2014 | 20.89% | 19.17% | 18.61% |
| 2013 | 20.78% | 18.04% | 18.72% |
| 2012 | 20.65% | 18.12% | 19.31% |
| 2011 | 20.70% | 18.68% | 19.55% |
| 2010 | 20.50% | 17.93% | 15.05% |
| 2009 | 20.12% | 17.69% | 18.84% |
| 2007 | 18.66% | 17.00% | 15.58% |
| 2005 | 18.89% | 17.33% | 16.95% |
Renter Fraction in Berkeley County West Virginia
You can calculate the renter fraction in Berkeley 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 Berkeley County as a fraction of total Berkeley County households. In 2019 25.96% of households were renters according to Census ACS data.
Berkeley County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| West Virginia | 26.59% | -0.91% | -0.97% |
| Berkeley County WV | 25.96% | -2.20% | +0.47% |
Trends in the Berkeley County WV Renter Fraction
The Berkeley County household renter fraction peaked in in 2012 at 28.20% and is now 2.24% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Berkeley County WV, West Virginia, US
History of Berkeley County Renter Fraction
| Date | US | West Virginia | Berkeley County WV |
|---|---|---|---|
| 2019 | 35.89% | 26.59% | 25.96% |
| 2018 | 36.05% | 27.50% | 28.16% |
| 2017 | 36.13% | 27.46% | 27.07% |
| 2016 | 36.88% | 27.56% | 25.49% |
| 2015 | 36.97% | 27.69% | 27.15% |
| 2014 | 36.90% | 27.83% | 22.53% |
| 2013 | 36.50% | 27.67% | 25.84% |
| 2012 | 36.09% | 28.02% | 28.20% |
| 2011 | 35.42% | 27.74% | 27.74% |
| 2010 | 34.65% | 25.41% | 23.98% |
| 2009 | 34.13% | 26.38% | 22.20% |
| 2007 | 32.80% | 25.13% | 23.33% |
| 2005 | 33.10% | 24.63% | 24.94% |
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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