Walworth County Wisconsin Residential Rent and Rental Statistics
The median monthly gross residential rent in Walworth County WI was $864 in 2019 according to the Census ACS survey.1 Average gross rent in Walworth 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 Walworth County median and average rent data will be released in September of 2021.
Data is also available below for Walworth County rental vacancy rates, Walworth County rent as a percent of median income and the fraction of renters in Walworth County.
Real Gross Rent in Walworth County Wisconsin (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Wisconsin Median Gross Rent | $867 | +0.58% | +3.21% |
| Walworth County WI Median Gross Rent | $864 | -4.32% | -3.68% |
Walworth County WI Real Gross Rent Trends
Median gross rent for Walworth County peaked in real terms in 2018 at $903 and is now $39 (4.32%) lower. Average gross rent for Walworth County peaked in real terms in 2015 at $930 and is now $20 (2.15%) lower.
Real Gross Rent: Walworth County WI Median, Walworth County WI Average, Wisconsin Median, US Median
Real Gross Rent History for Walworth County
| Date | US Median |
Wisconsin Median |
Walworth County WI Median |
Walworth County WI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $867 | $864 | $910 |
| 2018 | $1,077 | $862 | $903 | $904 |
| 2017 | $1,043 | $844 | $836 | $878 |
| 2016 | $1,027 | $840 | $897 | $896 |
| 2015 | $1,017 | $840 | $854 | $930 |
| 2014 | $986 | $826 | $811 | $826 |
| 2013 | $953 | $798 | $850 | $876 |
| 2012 | $940 | $790 | $853 | $853 |
| 2011 | $941 | $798 | $886 | $877 |
| 2010 | $955 | $799 | $854 | $836 |
| 2009 | $960 | $807 | $854 | $868 |
| 2007 | $927 | $791 | $777 | $806 |
| 2005 | $910 | $804 | $838 | $800 |
Walworth 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 Walworth County Wisconsin was 3.05% according to Census ACS data.
Rental Vacancy Rate in Walworth County Wisconsin
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Wisconsin | 4.93% | -0.46% | +0.08% |
| Walworth County WI | 3.05% | — | -5.09% |
Trends in Walworth County WI Rental Vacancy Rate
The rental vacancy rate in Walworth County peaked in 2008 at 17.29%. Since then it has fallen by 14.24% to 3.05%. Data records for this series originated in 2005. From a 2015 post peak low of 1.60%, the rental vacancy rate has increased by 1.45%.
Rental Vacancy Rate: Walworth County WI, Wisconsin, US
Historical Rental Vacancy Rate data for Walworth County
| Date | US | Wisconsin | Walworth County WI |
|---|---|---|---|
| 2019 | 5.97% | 4.93% | 3.05% |
| 2018 | 6.15% | 5.39% | — |
| 2017 | 6.18% | 5.20% | 3.14% |
| 2016 | 5.89% | 4.85% | 8.14% |
| 2015 | 5.85% | 4.67% | 1.60% |
| 2014 | 6.32% | 4.64% | 4.09% |
| 2013 | 6.49% | 5.22% | 3.59% |
| 2012 | 6.77% | 5.48% | 3.48% |
| 2011 | 7.40% | 5.17% | 9.81% |
| 2010 | 8.17% | 6.16% | 2.74% |
| 2009 | 8.43% | 5.86% | 5.40% |
| 2007 | 7.87% | 6.83% | 8.78% |
| 2005 | 7.74% | 6.49% | 4.21% |
Rent as a Fraction of Income
Using median household income data for Walworth County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walworth County, median monthly gross rent as a fraction of median household income was 16.31% in 2019 according to the ACS.
Walworth County Wisconsin Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Wisconsin | 16.21% | -0.51% | -0.73% |
| Walworth County WI | 16.31% | -0.37% | -1.32% |
Trends in Walworth County WI Rent as a Fraction of Income
The fraction of median Walworth County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 19.66%. Since then it has fallen by 3.35% to 16.31%.
Fraction of Income towards Rent: Walworth County WI, Wisconsin, US
Historical Data for Annual Rent as a Fraction of Income in Walworth County Wisconsin
| Date | US | Wisconsin | Walworth County WI |
|---|---|---|---|
| 2019 | 20.03% | 16.21% | 16.31% |
| 2018 | 20.50% | 16.72% | 16.68% |
| 2017 | 20.13% | 16.57% | 16.17% |
| 2016 | 20.43% | 16.94% | 17.64% |
| 2015 | 20.63% | 17.08% | 16.50% |
| 2014 | 20.89% | 17.83% | 17.63% |
| 2013 | 20.78% | 17.67% | 18.60% |
| 2012 | 20.65% | 17.46% | 19.66% |
| 2011 | 20.70% | 17.60% | 18.83% |
| 2010 | 20.50% | 17.51% | 17.17% |
| 2009 | 20.12% | 16.99% | 18.16% |
| 2007 | 18.66% | 15.97% | 14.68% |
| 2005 | 18.89% | 16.38% | 16.52% |
Renter Fraction in Walworth County Wisconsin
You can calculate the renter fraction in Walworth 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 Walworth County as a fraction of total Walworth County households. In 2019 29.51% of households were renters according to Census ACS data.
Walworth County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Wisconsin | 32.80% | -0.06% | -0.54% |
| Walworth County WI | 29.51% | -3.73% | -3.61% |
Trends in the Walworth County WI Renter Fraction
The Walworth County household renter fraction peaked in in 2014 at 35.85% and is now 6.34% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Walworth County WI, Wisconsin, US
History of Walworth County Renter Fraction
| Date | US | Wisconsin | Walworth County WI |
|---|---|---|---|
| 2019 | 35.89% | 32.80% | 29.51% |
| 2018 | 36.05% | 32.86% | 33.24% |
| 2017 | 36.13% | 33.39% | 30.53% |
| 2016 | 36.88% | 33.34% | 33.12% |
| 2015 | 36.97% | 33.21% | 31.17% |
| 2014 | 36.90% | 33.40% | 35.85% |
| 2013 | 36.50% | 32.82% | 31.23% |
| 2012 | 36.09% | 32.71% | 32.77% |
| 2011 | 35.42% | 32.15% | 30.52% |
| 2010 | 34.65% | 31.30% | 32.24% |
| 2009 | 34.13% | 31.02% | 32.05% |
| 2007 | 32.80% | 29.92% | 26.71% |
| 2005 | 33.10% | 29.88% | 31.09% |
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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