Raleigh County West Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Raleigh County WV was $745 in 2019 according to the Census ACS survey.1 Average gross rent in Raleigh County was $533 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 Raleigh County median and average rent data will be released in September of 2021.
Data is also available below for Raleigh County rental vacancy rates, Raleigh County rent as a percent of median income and the fraction of renters in Raleigh County.
Real Gross Rent in Raleigh 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% |
| Raleigh County WV Median Gross Rent | $745 | +7.97% | +4.63% |
Raleigh County WV Real Gross Rent Trends
At $745, real median gross rent in Raleigh County was at its highest level in 2019 since the series began in 2005. Average gross rent for Raleigh County peaked in real terms in 2016 at $650 and is now $117 (18.00%) lower.
Real Gross Rent: Raleigh County WV Median, Raleigh County WV Average, West Virginia Median, US Median
Real Gross Rent History for Raleigh County
| Date | US Median |
West Virginia Median |
Raleigh County WV Median |
Raleigh County WV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $727 | $745 | $533 |
| 2018 | $1,077 | $748 | $690 | $558 |
| 2017 | $1,043 | $711 | $682 | $533 |
| 2016 | $1,027 | $714 | $712 | $650 |
| 2015 | $1,017 | $716 | $626 | $578 |
| 2014 | $986 | $693 | $714 | $579 |
| 2013 | $953 | $653 | $662 | $579 |
| 2012 | $940 | $646 | $697 | $586 |
| 2011 | $941 | $647 | $667 | $570 |
| 2010 | $955 | $638 | $624 | $493 |
| 2009 | $960 | $629 | $573 | $525 |
| 2007 | $927 | $617 | $598 | $441 |
| 2005 | $910 | $604 | $646 | $551 |
Raleigh 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 Raleigh County West Virginia was 7.60% according to Census ACS data.
Rental Vacancy Rate in Raleigh 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% |
| Raleigh County WV | 7.60% | — | — |
Trends in Raleigh County WV Rental Vacancy Rate
The rental vacancy rate in Raleigh County peaked in 2007 at 10.94%. Since then it has fallen by 3.34% to 7.60%. Data records for this series originated in 2005. From a 2012 post peak low of 1.19%, the rental vacancy rate has increased by 6.41%.
Rental Vacancy Rate: Raleigh County WV, West Virginia, US
Historical Rental Vacancy Rate data for Raleigh County
| Date | US | West Virginia | Raleigh County WV |
|---|---|---|---|
| 2019 | 5.97% | 7.24% | 7.60% |
| 2018 | 6.15% | 6.84% | — |
| 2017 | 6.18% | 8.21% | 9.02% |
| 2016 | 5.89% | 7.92% | — |
| 2015 | 5.85% | 6.82% | 7.69% |
| 2014 | 6.32% | 8.91% | — |
| 2013 | 6.49% | 7.75% | 2.67% |
| 2012 | 6.77% | 6.82% | 1.19% |
| 2011 | 7.40% | 8.13% | 7.14% |
| 2010 | 8.17% | 8.96% | 9.60% |
| 2009 | 8.43% | 8.76% | — |
| 2007 | 7.87% | 8.79% | 10.94% |
| 2005 | 7.74% | 7.58% | — |
Rent as a Fraction of Income
Using median household income data for Raleigh County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Raleigh County, median monthly gross rent as a fraction of median household income was 19.21% in 2019 according to the ACS.
Raleigh 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% |
| Raleigh County WV | 19.21% | -1.59% | +1.42% |
Trends in Raleigh County WV Rent as a Fraction of Income
The fraction of median Raleigh County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 20.80%. Since then it has fallen by 1.59% to 19.21%.
Fraction of Income towards Rent: Raleigh County WV, West Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Raleigh County West Virginia
| Date | US | West Virginia | Raleigh County WV |
|---|---|---|---|
| 2019 | 20.03% | 17.86% | 19.21% |
| 2018 | 20.50% | 20.00% | 20.80% |
| 2017 | 20.13% | 19.05% | 18.83% |
| 2016 | 20.43% | 18.86% | 17.79% |
| 2015 | 20.63% | 19.28% | 19.00% |
| 2014 | 20.89% | 19.17% | 20.00% |
| 2013 | 20.78% | 18.04% | 18.79% |
| 2012 | 20.65% | 18.12% | 19.31% |
| 2011 | 20.70% | 18.68% | 19.36% |
| 2010 | 20.50% | 17.93% | 17.63% |
| 2009 | 20.12% | 17.69% | 17.16% |
| 2007 | 18.66% | 17.00% | 15.46% |
| 2005 | 18.89% | 17.33% | 20.13% |
Renter Fraction in Raleigh County West Virginia
You can calculate the renter fraction in Raleigh 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 Raleigh County as a fraction of total Raleigh County households. In 2019 27.11% of households were renters according to Census ACS data.
Raleigh 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% |
| Raleigh County WV | 27.11% | -0.39% | -1.83% |
Trends in the Raleigh County WV Renter Fraction
The Raleigh County household renter fraction peaked in in 2016 at 28.94% and is now 1.83% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Raleigh County WV, West Virginia, US
History of Raleigh County Renter Fraction
| Date | US | West Virginia | Raleigh County WV |
|---|---|---|---|
| 2019 | 35.89% | 26.59% | 27.11% |
| 2018 | 36.05% | 27.50% | 27.50% |
| 2017 | 36.13% | 27.46% | 25.54% |
| 2016 | 36.88% | 27.56% | 28.94% |
| 2015 | 36.97% | 27.69% | 27.69% |
| 2014 | 36.90% | 27.83% | 24.56% |
| 2013 | 36.50% | 27.67% | 28.79% |
| 2012 | 36.09% | 28.02% | 26.33% |
| 2011 | 35.42% | 27.74% | 28.12% |
| 2010 | 34.65% | 25.41% | 23.57% |
| 2009 | 34.13% | 26.38% | 26.47% |
| 2007 | 32.80% | 25.13% | 22.05% |
| 2005 | 33.10% | 24.63% | 27.25% |
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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