Department of Numbers

Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Alabama was $729 in 2015 according to the Census ACS survey.1 Average gross rent was $686 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Alabama median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Alabama (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Alabama Median Gross Rent $729 +2.10% +5.50%

Alabama Real Gross Rent Trends

At $729, real median gross rent in Alabama was at its highest level in 2015 since the series began in 2005. At $686, real average gross rent in Alabama was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Alabama: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Alabama

Date US Median Alabama Median Alabama Average
2015 $959 $729 $686
2014 $930 $714 $677
2013 $898 $689 $663
2012 $886 $691 $652
2011 $887 $699 $665
2010 $901 $703 $674
2009 $905 $706 $659
2008 $920 $704 $658
2007 $874 $666 $612
2006 $883 $663 $610
2005 $858 $630 $589

Alabama Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Alabama was 9.72% according to Census ACS data.

Rental Vacancy Rate in Alabama

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Alabama 9.72% -0.65% +1.93%

Trends in Alabama Rental Vacancy Rate

The rental vacancy rate in Alabama peaked in 2014 at 10.37%. Since then it has fallen by 0.65% to 9.72%. Data records for this series originated in 2005.

Rental Vacancy Rate: Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Alabama

Date US Alabama
2015 5.85% 9.72%
2014 6.32% 10.37%
2013 6.49% 9.17%
2012 6.77% 7.79%
2011 7.40% 8.30%
2010 8.17% 9.64%
2009 8.43% 10.33%
2008 7.86% 9.73%
2007 7.87% 9.25%
2006 7.70% 8.72%
2005 7.74% 9.21%

Alabama Rent as a Fraction of Income

Using median household income data for Alabama, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Alabama, median monthly gross rent as a fraction of median household income was 19.54% in 2015 according to the ACS.

Alabama Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Alabama 19.54% -0.55% -0.35%

Trends in Alabama Rent as a Fraction of Income

The fraction of median Alabama household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.09%. Since then it has fallen by 0.55% to 19.54%.

Fraction of Income towards Rent: Alabama, US

Percent of median household income going towards median monthly gross rent in Alabama

Historical Data for Annual Rent as a Fraction of Income in Alabama

Date US Alabama
2015 20.63% 19.54%
2014 20.89% 20.09%
2013 20.78% 19.44%
2012 20.65% 19.89%
2011 20.70% 19.91%
2010 20.50% 19.78%
2009 20.12% 19.47%
2008 19.00% 17.75%
2007 18.66% 17.78%
2006 18.90% 17.73%
2005 18.89% 17.41%

Renter Fraction in Alabama

You can calculate the renter fraction in Alabama 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 Alabama as a fraction of total Alabama households. In 2015 32.11% of households were renters according to Census ACS data.

Alabama Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Alabama 32.11% -0.21% +0.86%

Trends in the Alabama Renter Fraction

The Alabama household renter fraction peaked in in 2014 at 32.32% and is now 0.21% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Alabama, US

Fraction of renters in Alabama

History of Alabama Renter Fraction

Date US Alabama
2015 36.97% 32.11%
2014 36.90% 32.32%
2013 36.50% 31.96%
2012 36.09% 31.25%
2011 35.42% 30.11%
2010 34.65% 29.88%
2009 34.13% 30.42%
2008 33.36% 29.01%
2007 32.80% 29.10%
2006 32.73% 28.22%
2005 33.10% 29.48%

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.