Department of Numbers

Wood County Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Wood County WI was $725 in 2019 according to the Census ACS survey.1 Average gross rent in Wood County was $712 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 Wood County median and average rent data will be released in September of 2021.

Data is also available below for Wood County rental vacancy rates, Wood County rent as a percent of median income and the fraction of renters in Wood County.

Show dollars as: Nominal Real

Real Gross Rent in Wood 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%
Wood County WI Median Gross Rent $725 -4.10% +8.70%

Wood County WI Real Gross Rent Trends

Median gross rent for Wood County peaked in real terms in 2018 at $756 and is now $31 (4.10%) lower. Average gross rent for Wood County peaked in real terms in 2018 at $891 and is now $179 (20.09%) lower.

Real Gross Rent: Wood County WI Median, Wood County WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wood County

Date US
Median
Wisconsin
Median
Wood County WI
Median
Wood County WI
Average
2019 $1,097 $867 $725 $712
2018 $1,077 $862 $756 $891
2017 $1,043 $844 $714 $785
2016 $1,027 $840 $667 $680
2015 $1,017 $840 $700 $668
2014 $986 $826 $715 $826
2013 $953 $798 $603 $614
2012 $940 $790 $591 $576
2011 $941 $798 $601 $597
2010 $955 $799 $646 $693
2009 $960 $807 $658 $646

more history ...

Wood County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Wood County Wisconsin was 5.06% according to Census ACS data.

Rental Vacancy Rate in Wood County Wisconsin

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Wisconsin 4.93% -0.46% +0.08%
Wood County WI

Trends in Wood County WI Rental Vacancy Rate

The rental vacancy rate in Wood County peaked in 2006 at 12.02%. Since then it has fallen by 6.96% to 5.06%. Data records for this series originated in 2005. From a 2008 post peak low of 3.23%, the rental vacancy rate has increased by 1.83%.

Rental Vacancy Rate: Wood County WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Wood County

Date US Wisconsin Wood County WI
2019 5.97% 4.93%
2018 6.15% 5.39% 5.06%
2017 6.18% 5.20%
2016 5.89% 4.85%
2015 5.85% 4.67% 9.24%
2014 6.32% 4.64% 5.00%
2013 6.49% 5.22%
2012 6.77% 5.48% 4.94%
2011 7.40% 5.17% 6.86%
2010 8.17% 6.16% 5.61%
2009 8.43% 5.86%

more history ...

Rent as a Fraction of Income

Using median household income data for Wood County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wood County, median monthly gross rent as a fraction of median household income was 15.46% in 2019 according to the ACS.

Wood 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%
Wood County WI 15.46% -0.67% +0.73%

Trends in Wood County WI Rent as a Fraction of Income

The fraction of median Wood County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 16.13%. Since then it has fallen by 0.67% to 15.46%.

Fraction of Income towards Rent: Wood County WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Wood County Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Wood County Wisconsin

Date US Wisconsin Wood County WI
2019 20.03% 16.21% 15.46%
2018 20.50% 16.72% 16.13%
2017 20.13% 16.57% 15.94%
2016 20.43% 16.94% 14.73%
2015 20.63% 17.08% 15.59%
2014 20.89% 17.83% 15.98%
2013 20.78% 17.67% 14.41%
2012 20.65% 17.46% 14.97%
2011 20.70% 17.60% 14.54%
2010 20.50% 17.51% 16.01%
2009 20.12% 16.99% 15.42%

more history ...

Renter Fraction in Wood County Wisconsin

You can calculate the renter fraction in Wood 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 Wood County as a fraction of total Wood County households. In 2019 27.73% of households were renters according to Census ACS data.

Wood 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%
Wood County WI 27.73% -1.89% -0.51%

Trends in the Wood County WI Renter Fraction

The Wood County household renter fraction peaked in in 2018 at 29.62% and is now 1.89% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Wood County WI, Wisconsin, US

Fraction of renters in Wood County

History of Wood County Renter Fraction

Date US Wisconsin Wood County WI
2019 35.89% 32.80% 27.73%
2018 36.05% 32.86% 29.62%
2017 36.13% 33.39% 28.00%
2016 36.88% 33.34% 28.24%
2015 36.97% 33.21% 27.64%
2014 36.90% 33.40% 25.83%
2013 36.50% 32.82% 24.93%
2012 36.09% 32.71% 24.65%
2011 35.42% 32.15% 25.35%
2010 34.65% 31.30% 26.10%
2009 34.13% 31.02% 25.17%

more history ...

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.