Cabell County West Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Cabell County WV was $738 in 2019 according to the Census ACS survey.1 Average gross rent in Cabell County was $688 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 Cabell County median and average rent data will be released in September of 2021.
Data is also available below for Cabell County rental vacancy rates, Cabell County rent as a percent of median income and the fraction of renters in Cabell County.
Real Gross Rent in Cabell 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% |
| Cabell County WV Median Gross Rent | $738 | -4.65% | -2.77% |
Cabell County WV Real Gross Rent Trends
Median gross rent for Cabell County peaked in real terms in 2018 at $774 and is now $36 (4.65%) lower. Average gross rent for Cabell County peaked in real terms in 2016 at $766 and is now $78 (10.18%) lower.
Real Gross Rent: Cabell County WV Median, Cabell County WV Average, West Virginia Median, US Median
Real Gross Rent History for Cabell County
| Date | US Median |
West Virginia Median |
Cabell County WV Median |
Cabell County WV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $727 | $738 | $688 |
| 2018 | $1,077 | $748 | $774 | $743 |
| 2017 | $1,043 | $711 | $734 | $677 |
| 2016 | $1,027 | $714 | $759 | $766 |
| 2015 | $1,017 | $716 | $728 | $652 |
| 2014 | $986 | $693 | $705 | $673 |
| 2013 | $953 | $653 | $669 | $636 |
| 2012 | $940 | $646 | $656 | $657 |
| 2011 | $941 | $647 | $618 | $579 |
| 2010 | $955 | $638 | $656 | $609 |
| 2009 | $960 | $629 | $677 | $660 |
| 2007 | $927 | $617 | $678 | $620 |
| 2005 | $910 | $604 | $624 | $520 |
Cabell 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 Cabell County West Virginia was 2.98% according to Census ACS data.
Rental Vacancy Rate in Cabell 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% |
| Cabell County WV | 2.98% | -6.90% | -7.20% |
Trends in Cabell County WV Rental Vacancy Rate
The rental vacancy rate in Cabell County peaked in 2005 at 13.32%. Since then it has fallen by 10.34% to 2.98%. Data records for this series originated in 2005.
Rental Vacancy Rate: Cabell County WV, West Virginia, US
Historical Rental Vacancy Rate data for Cabell County
| Date | US | West Virginia | Cabell County WV |
|---|---|---|---|
| 2019 | 5.97% | 7.24% | 2.98% |
| 2018 | 6.15% | 6.84% | 9.88% |
| 2017 | 6.18% | 8.21% | 3.69% |
| 2016 | 5.89% | 7.92% | 10.18% |
| 2015 | 5.85% | 6.82% | — |
| 2014 | 6.32% | 8.91% | 7.14% |
| 2013 | 6.49% | 7.75% | 6.69% |
| 2012 | 6.77% | 6.82% | 3.44% |
| 2011 | 7.40% | 8.13% | 7.91% |
| 2010 | 8.17% | 8.96% | 6.29% |
| 2009 | 8.43% | 8.76% | — |
| 2007 | 7.87% | 8.79% | 6.60% |
| 2005 | 7.74% | 7.58% | 13.32% |
Rent as a Fraction of Income
Using median household income data for Cabell County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cabell County, median monthly gross rent as a fraction of median household income was 21.71% in 2019 according to the ACS.
Cabell 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% |
| Cabell County WV | 21.71% | -2.19% | -0.70% |
Trends in Cabell County WV Rent as a Fraction of Income
The fraction of median Cabell County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 25.32%. Since then it has fallen by 3.60% to 21.71%.
Fraction of Income towards Rent: Cabell County WV, West Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Cabell County West Virginia
| Date | US | West Virginia | Cabell County WV |
|---|---|---|---|
| 2019 | 20.03% | 17.86% | 21.71% |
| 2018 | 20.50% | 20.00% | 23.90% |
| 2017 | 20.13% | 19.05% | 25.32% |
| 2016 | 20.43% | 18.86% | 22.41% |
| 2015 | 20.63% | 19.28% | 21.20% |
| 2014 | 20.89% | 19.17% | 23.54% |
| 2013 | 20.78% | 18.04% | 19.53% |
| 2012 | 20.65% | 18.12% | 20.82% |
| 2011 | 20.70% | 18.68% | 18.41% |
| 2010 | 20.50% | 17.93% | 19.48% |
| 2009 | 20.12% | 17.69% | 20.55% |
| 2007 | 18.66% | 17.00% | 21.92% |
| 2005 | 18.89% | 17.33% | 18.24% |
Renter Fraction in Cabell County West Virginia
You can calculate the renter fraction in Cabell 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 Cabell County as a fraction of total Cabell County households. In 2019 41.33% of households were renters according to Census ACS data.
Cabell 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% |
| Cabell County WV | 41.33% | +8.25% | -0.03% |
Trends in the Cabell County WV Renter Fraction
The Cabell County household renter fraction peaked in in 2017 at 41.68% and is now 0.35% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cabell County WV, West Virginia, US
History of Cabell County Renter Fraction
| Date | US | West Virginia | Cabell County WV |
|---|---|---|---|
| 2019 | 35.89% | 26.59% | 41.33% |
| 2018 | 36.05% | 27.50% | 33.08% |
| 2017 | 36.13% | 27.46% | 41.68% |
| 2016 | 36.88% | 27.56% | 41.36% |
| 2015 | 36.97% | 27.69% | 37.50% |
| 2014 | 36.90% | 27.83% | 41.34% |
| 2013 | 36.50% | 27.67% | 36.65% |
| 2012 | 36.09% | 28.02% | 39.71% |
| 2011 | 35.42% | 27.74% | 40.86% |
| 2010 | 34.65% | 25.41% | 39.16% |
| 2009 | 34.13% | 26.38% | 38.24% |
| 2007 | 32.80% | 25.13% | 35.36% |
| 2005 | 33.10% | 24.63% | 34.00% |
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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