Natrona County Wyoming Residential Rent and Rental Statistics
The median monthly gross residential rent in Natrona County WY was $777 in 2019 according to the Census ACS survey.1 Average gross rent in Natrona County was $774 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 Natrona County median and average rent data will be released in September of 2021.
Data is also available below for Natrona County rental vacancy rates, Natrona County rent as a percent of median income and the fraction of renters in Natrona County.
Real Gross Rent in Natrona County Wyoming (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Wyoming Median Gross Rent | $822 | -1.32% | -6.59% |
| Natrona County WY Median Gross Rent | $777 | -10.89% | -11.60% |
Natrona County WY Real Gross Rent Trends
Median gross rent for Natrona County peaked in real terms in 2017 at $898 and is now $121 (13.47%) lower. Average gross rent for Natrona County peaked in real terms in 2015 at $945 and is now $171 (18.10%) lower.
Real Gross Rent: Natrona County WY Median, Natrona County WY Average, Wyoming Median, US Median
Real Gross Rent History for Natrona County
| Date | US Median |
Wyoming Median |
Natrona County WY Median |
Natrona County WY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $822 | $777 | $774 |
| 2018 | $1,077 | $833 | $872 | $886 |
| 2017 | $1,043 | $858 | $898 | $919 |
| 2016 | $1,027 | $880 | $879 | $893 |
| 2015 | $1,017 | $865 | $861 | $945 |
| 2014 | $986 | $836 | $896 | $940 |
| 2013 | $953 | $821 | $847 | $871 |
| 2012 | $940 | $789 | $857 | $874 |
| 2011 | $941 | $820 | $875 | $910 |
| 2010 | $955 | $774 | $849 | $846 |
| 2009 | $960 | $798 | $789 | $834 |
| 2007 | $927 | $747 | $664 | $755 |
| 2005 | $910 | $671 | $628 | $644 |
Natrona 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 Natrona County Wyoming was 13.71% according to Census ACS data.
Rental Vacancy Rate in Natrona County Wyoming
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Wyoming | 12.85% | +0.67% | +2.02% |
| Natrona County WY | — | — | — |
Trends in Natrona County WY Rental Vacancy Rate
At 13.71%, Natrona County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Natrona County WY, Wyoming, US
Historical Rental Vacancy Rate data for Natrona County
| Date | US | Wyoming | Natrona County WY |
|---|---|---|---|
| 2019 | 5.97% | 12.85% | — |
| 2018 | 6.15% | 12.18% | — |
| 2017 | 6.18% | 16.11% | 13.71% |
| 2016 | 5.89% | 10.83% | 9.95% |
| 2015 | 5.85% | 9.97% | — |
| 2014 | 6.32% | 6.92% | — |
| 2013 | 6.49% | 8.15% | — |
| 2012 | 6.77% | 8.13% | — |
| 2011 | 7.40% | 9.05% | 5.85% |
| 2010 | 8.17% | 6.36% | — |
| 2009 | 8.43% | 7.03% | 7.29% |
| 2007 | 7.87% | 5.25% | 3.99% |
| 2005 | 7.74% | 3.87% | — |
Rent as a Fraction of Income
Using median household income data for Natrona County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Natrona County, median monthly gross rent as a fraction of median household income was 14.34% in 2019 according to the ACS.
Natrona County Wyoming Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Wyoming | 15.17% | -0.76% | -1.66% |
| Natrona County WY | 14.34% | -1.53% | -2.59% |
Trends in Natrona County WY Rent as a Fraction of Income
The fraction of median Natrona County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.48%. Since then it has fallen by 4.14% to 14.34%.
Fraction of Income towards Rent: Natrona County WY, Wyoming, US
Historical Data for Annual Rent as a Fraction of Income in Natrona County Wyoming
| Date | US | Wyoming | Natrona County WY |
|---|---|---|---|
| 2019 | 20.03% | 15.17% | 14.34% |
| 2018 | 20.50% | 15.94% | 15.86% |
| 2017 | 20.13% | 16.52% | 17.26% |
| 2016 | 20.43% | 16.83% | 16.93% |
| 2015 | 20.63% | 16.24% | 18.42% |
| 2014 | 20.89% | 16.66% | 18.07% |
| 2013 | 20.78% | 15.93% | 16.45% |
| 2012 | 20.65% | 16.22% | 17.74% |
| 2011 | 20.70% | 16.17% | 18.48% |
| 2010 | 20.50% | 15.54% | 17.63% |
| 2009 | 20.12% | 15.95% | 14.78% |
| 2007 | 18.66% | 14.75% | 15.48% |
| 2005 | 18.89% | 13.95% | 12.17% |
Renter Fraction in Natrona County Wyoming
You can calculate the renter fraction in Natrona 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 Natrona County as a fraction of total Natrona County households. In 2019 27.56% of households were renters according to Census ACS data.
Natrona County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Wyoming | 28.12% | -1.60% | -3.06% |
| Natrona County WY | 27.56% | -1.63% | -7.43% |
Trends in the Natrona County WY Renter Fraction
The Natrona County household renter fraction peaked in in 2015 at 37.96% and is now 10.40% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Natrona County WY, Wyoming, US
History of Natrona County Renter Fraction
| Date | US | Wyoming | Natrona County WY |
|---|---|---|---|
| 2019 | 35.89% | 28.12% | 27.56% |
| 2018 | 36.05% | 29.72% | 29.19% |
| 2017 | 36.13% | 29.23% | 27.62% |
| 2016 | 36.88% | 31.18% | 34.99% |
| 2015 | 36.97% | 32.04% | 37.96% |
| 2014 | 36.90% | 33.10% | 37.06% |
| 2013 | 36.50% | 30.94% | 32.10% |
| 2012 | 36.09% | 30.95% | 31.43% |
| 2011 | 35.42% | 29.35% | 31.32% |
| 2010 | 34.65% | 30.31% | 28.41% |
| 2009 | 34.13% | 29.08% | 28.58% |
| 2007 | 32.80% | 30.74% | 33.36% |
| 2005 | 33.10% | 28.51% | 26.56% |
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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