Department of Numbers

Anniston Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Anniston, AL (the Anniston-Oxford metro area) was $711 in 2015 according to the Census ACS survey.1 Average gross rent in Anniston was $685 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 Anniston median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Anniston 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%
Anniston, AL Median Gross Rent $711 +19.50% +8.88%

Anniston, AL Real Gross Rent Trends

At $711, real median gross rent in Anniston was at its highest level in 2015 since the series began in 2005. At $685, real average gross rent in Anniston was at its highest level in 2015 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Anniston

Date US
Median
Alabama
Median
Anniston, AL
Median
Anniston, AL
Average
2015 $959 $729 $711 $685
2014 $930 $714 $595 $518
2013 $898 $689 $585 $492
2012 $886 $691 $653 $600
2011 $887 $699 $654 $606
2010 $901 $703 $639 $605
2009 $905 $706 $603 $545
2008 $920 $704 $595 $576
2007 $874 $666 $612 $548
2006 $883 $663 $610 $589
2005 $858 $630 $626 $580

Anniston 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 Anniston Alabama was 3.73% according to Census ACS data.

Rental Vacancy Rate in Anniston Alabama

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Alabama 9.72% -0.65% +1.93%
Anniston, AL 3.73% +2.50% -2.90%

Trends in Anniston, AL Rental Vacancy Rate

The rental vacancy rate in Anniston peaked in 2009 at 12.42%. Since then it has fallen by 8.69% to 3.73%. Data records for this series originated in 2005. From a 2014 post peak low of 1.23%, the rental vacancy rate has increased by 2.50%.

Rental Vacancy Rate: Anniston AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Anniston

Date US Alabama Anniston, AL
2015 5.85% 9.72% 3.73%
2014 6.32% 10.37% 1.23%
2013 6.49% 9.17% 3.36%
2012 6.77% 7.79% 6.63%
2011 7.40% 8.30% 5.87%
2010 8.17% 9.64% 3.60%
2009 8.43% 10.33% 12.42%
2008 7.86% 9.73% 4.86%
2007 7.87% 9.25% 4.19%
2006 7.70% 8.72% 7.69%
2005 7.74% 9.21% 10.18%

Rent as a Fraction of Income

Using median household income data for Anniston, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anniston, median monthly gross rent as a fraction of median household income was 20.15% in 2015 according to the ACS.

Anniston 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%
Anniston, AL 20.15% +2.83% +0.20%

Trends in Anniston, AL Rent as a Fraction of Income

Anniston renters paid 20.15% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Anniston AL, Alabama, US

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

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

Date US Alabama Anniston, AL
2015 20.63% 19.54% 20.15%
2014 20.89% 20.09% 17.32%
2013 20.78% 19.44% 19.52%
2012 20.65% 19.89% 19.94%
2011 20.70% 19.91% 19.74%
2010 20.50% 19.78% 19.86%
2009 20.12% 19.47% 18.43%
2008 19.00% 17.75% 15.97%
2007 18.66% 17.78% 17.90%
2006 18.90% 17.73% 17.45%
2005 18.89% 17.41% 17.58%

Renter Fraction in Anniston Alabama

You can calculate the renter fraction in Anniston 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 Anniston as a fraction of total Anniston households. In 2015 30.62% of households were renters according to Census ACS data.

Anniston 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%
Anniston, AL 30.62% -0.57% -0.98%

Trends in the Anniston, AL Renter Fraction

The Anniston household renter fraction peaked in in 2013 at 32.92% and is now 2.30% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Anniston AL, Alabama, US

Fraction of renters in Anniston

History of Anniston Renter Fraction

Date US Alabama Anniston, AL
2015 36.97% 32.11% 30.62%
2014 36.90% 32.32% 31.19%
2013 36.50% 31.96% 32.92%
2012 36.09% 31.25% 31.60%
2011 35.42% 30.11% 31.36%
2010 34.65% 29.88% 32.53%
2009 34.13% 30.42% 29.29%
2008 33.36% 29.01% 25.19%
2007 32.80% 29.10% 29.28%
2006 32.73% 28.22% 28.05%
2005 33.10% 29.48% 27.71%

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.