Huntington West Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Huntington, WV (the Huntington-Ashland metro area) was $757 in 2019 according to the Census ACS survey.1 Average gross rent in Huntington was $665 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 Huntington median and average rent data will be released in September of 2021.
Data is also available below for Huntington rental vacancy rates, Huntington rent as a percent of median income and the fraction of renters in Huntington.
Real Gross Rent in Huntington 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% |
| Huntington, WV Median Gross Rent | $757 | +1.61% | +3.70% |
Huntington, WV Real Gross Rent Trends
At $757, real median gross rent in Huntington was at its highest level in 2019 since the series began in 2005. At $665, real average gross rent in Huntington was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Huntington: Huntington WV Median, Huntington WV Average, West Virginia Median, US Median
Real Gross Rent History for Huntington
| Date | US Median |
West Virginia Median |
Huntington, WV Median |
Huntington, WV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $727 | $757 | $665 |
| 2018 | $1,077 | $748 | $745 | $650 |
| 2017 | $1,043 | $711 | $703 | $612 |
| 2016 | $1,027 | $714 | $730 | $660 |
| 2015 | $1,017 | $716 | $693 | $600 |
| 2014 | $986 | $693 | $702 | $605 |
| 2013 | $953 | $653 | $651 | $549 |
| 2012 | $940 | $646 | $623 | $583 |
| 2011 | $941 | $647 | $639 | $567 |
| 2010 | $955 | $638 | $637 | $537 |
| 2009 | $960 | $629 | $679 | $611 |
| 2007 | $927 | $617 | $626 | $547 |
| 2005 | $910 | $604 | $604 | $514 |
Huntington 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 Huntington West Virginia was 5.01% according to Census ACS data.
Rental Vacancy Rate in Huntington West Virginia
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| West Virginia | 7.24% | +0.40% | -0.68% |
| Huntington, WV | 5.01% | -6.27% | -3.28% |
Trends in Huntington, WV Rental Vacancy Rate
The rental vacancy rate in Huntington peaked in 2018 at 11.28%. Since then it has fallen by 6.27% to 5.01%. Data records for this series originated in 2005.
Rental Vacancy Rate: Huntington WV, West Virginia, US
Historical Rental Vacancy Rate data for Huntington
| Date | US | West Virginia | Huntington, WV |
|---|---|---|---|
| 2019 | 5.97% | 7.24% | 5.01% |
| 2018 | 6.15% | 6.84% | 11.28% |
| 2017 | 6.18% | 8.21% | 7.25% |
| 2016 | 5.89% | 7.92% | 8.29% |
| 2015 | 5.85% | 6.82% | 8.10% |
| 2014 | 6.32% | 8.91% | 5.33% |
| 2013 | 6.49% | 7.75% | 7.11% |
| 2012 | 6.77% | 6.82% | 6.36% |
| 2011 | 7.40% | 8.13% | 7.81% |
| 2010 | 8.17% | 8.96% | 5.19% |
| 2009 | 8.43% | 8.76% | 6.05% |
| 2007 | 7.87% | 8.79% | 6.28% |
| 2005 | 7.74% | 7.58% | 10.60% |
Rent as a Fraction of Income
Using median household income data for Huntington, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Huntington, median monthly gross rent as a fraction of median household income was 18.80% in 2019 according to the ACS.
Huntington 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% |
| Huntington, WV | 18.80% | -0.49% | -0.92% |
Trends in Huntington, WV Rent as a Fraction of Income
The fraction of median Huntington household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 20.13%. Since then it has fallen by 1.34% to 18.80%.
Fraction of Income towards Rent: Huntington WV, West Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Huntington West Virginia
| Date | US | West Virginia | Huntington, WV |
|---|---|---|---|
| 2019 | 20.03% | 17.86% | 18.80% |
| 2018 | 20.50% | 20.00% | 19.29% |
| 2017 | 20.13% | 19.05% | 20.13% |
| 2016 | 20.43% | 18.86% | 19.72% |
| 2015 | 20.63% | 19.28% | 18.55% |
| 2014 | 20.89% | 19.17% | 19.54% |
| 2013 | 20.78% | 18.04% | 17.03% |
| 2012 | 20.65% | 18.12% | 17.96% |
| 2011 | 20.70% | 18.68% | 19.26% |
| 2010 | 20.50% | 17.93% | 18.99% |
| 2009 | 20.12% | 17.69% | 19.83% |
| 2007 | 18.66% | 17.00% | 18.33% |
| 2005 | 18.89% | 17.33% | 18.21% |
Renter Fraction in Huntington West Virginia
You can calculate the renter fraction in Huntington 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 Huntington as a fraction of total Huntington households. In 2019 28.87% of households were renters according to Census ACS data.
Huntington 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% |
| Huntington, WV | 28.87% | +1.80% | -1.46% |
Trends in the Huntington, WV Renter Fraction
The Huntington household renter fraction peaked in in 2010 at 31.65% and is now 2.78% below that level. From a recent low of 27.07% in 2018, the household based renter fraction has now grown by 1.80%. The origin year for the series is 2005.
Fraction of Renting Households: Huntington WV, West Virginia, US
History of Huntington Renter Fraction
| Date | US | West Virginia | Huntington, WV |
|---|---|---|---|
| 2019 | 35.89% | 26.59% | 28.87% |
| 2018 | 36.05% | 27.50% | 27.07% |
| 2017 | 36.13% | 27.46% | 30.64% |
| 2016 | 36.88% | 27.56% | 30.33% |
| 2015 | 36.97% | 27.69% | 29.24% |
| 2014 | 36.90% | 27.83% | 30.92% |
| 2013 | 36.50% | 27.67% | 28.47% |
| 2012 | 36.09% | 28.02% | 28.86% |
| 2011 | 35.42% | 27.74% | 31.51% |
| 2010 | 34.65% | 25.41% | 31.65% |
| 2009 | 34.13% | 26.38% | 31.18% |
| 2007 | 32.80% | 25.13% | 27.85% |
| 2005 | 33.10% | 24.63% | 27.14% |
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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