Monongalia County West Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Monongalia County WV was $794 in 2019 according to the Census ACS survey.1 Average gross rent in Monongalia County was $787 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 Monongalia County median and average rent data will be released in September of 2021.
Data is also available below for Monongalia County rental vacancy rates, Monongalia County rent as a percent of median income and the fraction of renters in Monongalia County.
Real Gross Rent in Monongalia 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% |
| Monongalia County WV Median Gross Rent | $794 | -8.10% | -1.98% |
Monongalia County WV Real Gross Rent Trends
Median gross rent for Monongalia County peaked in real terms in 2015 at $945 and is now $151 (15.98%) lower. Average gross rent for Monongalia County peaked in real terms in 2015 at $990 and is now $203 (20.51%) lower.
Real Gross Rent: Monongalia County WV Median, Monongalia County WV Average, West Virginia Median, US Median
Real Gross Rent History for Monongalia County
| Date | US Median |
West Virginia Median |
Monongalia County WV Median |
Monongalia County WV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $727 | $794 | $787 |
| 2018 | $1,077 | $748 | $864 | $940 |
| 2017 | $1,043 | $711 | $821 | $865 |
| 2016 | $1,027 | $714 | $810 | $822 |
| 2015 | $1,017 | $716 | $945 | $990 |
| 2014 | $986 | $693 | $815 | $851 |
| 2013 | $953 | $653 | $768 | $790 |
| 2012 | $940 | $646 | $707 | $733 |
| 2011 | $941 | $647 | $760 | $746 |
| 2010 | $955 | $638 | $765 | $775 |
| 2009 | $960 | $629 | $705 | $726 |
| 2007 | $927 | $617 | $707 | $739 |
| 2005 | $910 | $604 | $696 | $689 |
Monongalia 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 Monongalia County West Virginia was 5.79% according to Census ACS data.
Rental Vacancy Rate in Monongalia 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% |
| Monongalia County WV | — | — | — |
Trends in Monongalia County WV Rental Vacancy Rate
The rental vacancy rate in Monongalia County peaked in 2014 at 12.58%. Since then it has fallen by 6.79% to 5.79%. Data records for this series originated in 2005.
Rental Vacancy Rate: Monongalia County WV, West Virginia, US
Historical Rental Vacancy Rate data for Monongalia County
| Date | US | West Virginia | Monongalia County WV |
|---|---|---|---|
| 2019 | 5.97% | 7.24% | — |
| 2018 | 6.15% | 6.84% | — |
| 2017 | 6.18% | 8.21% | 5.79% |
| 2016 | 5.89% | 7.92% | — |
| 2015 | 5.85% | 6.82% | — |
| 2014 | 6.32% | 8.91% | 12.58% |
| 2013 | 6.49% | 7.75% | 4.18% |
| 2012 | 6.77% | 6.82% | 3.49% |
| 2011 | 7.40% | 8.13% | 1.83% |
| 2010 | 8.17% | 8.96% | — |
| 2009 | 8.43% | 8.76% | 4.33% |
| 2007 | 7.87% | 8.79% | 8.52% |
| 2005 | 7.74% | 7.58% | 4.53% |
Rent as a Fraction of Income
Using median household income data for Monongalia County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Monongalia County, median monthly gross rent as a fraction of median household income was 17.03% in 2019 according to the ACS.
Monongalia 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% |
| Monongalia County WV | 17.03% | -3.01% | -1.20% |
Trends in Monongalia County WV Rent as a Fraction of Income
The fraction of median Monongalia County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.30%. Since then it has fallen by 6.27% to 17.03%.
Fraction of Income towards Rent: Monongalia County WV, West Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Monongalia County West Virginia
| Date | US | West Virginia | Monongalia County WV |
|---|---|---|---|
| 2019 | 20.03% | 17.86% | 17.03% |
| 2018 | 20.50% | 20.00% | 20.04% |
| 2017 | 20.13% | 19.05% | 18.77% |
| 2016 | 20.43% | 18.86% | 18.23% |
| 2015 | 20.63% | 19.28% | 23.30% |
| 2014 | 20.89% | 19.17% | 22.08% |
| 2013 | 20.78% | 18.04% | 17.66% |
| 2012 | 20.65% | 18.12% | 20.19% |
| 2011 | 20.70% | 18.68% | 19.18% |
| 2010 | 20.50% | 17.93% | 19.56% |
| 2009 | 20.12% | 17.69% | 22.87% |
| 2007 | 18.66% | 17.00% | 17.17% |
| 2005 | 18.89% | 17.33% | 21.33% |
Renter Fraction in Monongalia County West Virginia
You can calculate the renter fraction in Monongalia 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 Monongalia County as a fraction of total Monongalia County households. In 2019 39.94% of households were renters according to Census ACS data.
Monongalia 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% |
| Monongalia County WV | 39.94% | -4.02% | -2.85% |
Trends in the Monongalia County WV Renter Fraction
The Monongalia County household renter fraction peaked in in 2012 at 45.18% and is now 5.24% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Monongalia County WV, West Virginia, US
History of Monongalia County Renter Fraction
| Date | US | West Virginia | Monongalia County WV |
|---|---|---|---|
| 2019 | 35.89% | 26.59% | 39.94% |
| 2018 | 36.05% | 27.50% | 43.96% |
| 2017 | 36.13% | 27.46% | 43.78% |
| 2016 | 36.88% | 27.56% | 42.79% |
| 2015 | 36.97% | 27.69% | 43.80% |
| 2014 | 36.90% | 27.83% | 42.57% |
| 2013 | 36.50% | 27.67% | 39.29% |
| 2012 | 36.09% | 28.02% | 45.18% |
| 2011 | 35.42% | 27.74% | 44.16% |
| 2010 | 34.65% | 25.41% | 42.91% |
| 2009 | 34.13% | 26.38% | 43.38% |
| 2007 | 32.80% | 25.13% | 35.54% |
| 2005 | 33.10% | 24.63% | 38.78% |
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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