Department of Numbers

Auburn Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Auburn, AL (the Auburn-Opelika metro area) was $840 in 2015 according to the Census ACS survey.1 Average gross rent in Auburn was $834 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 Auburn median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Auburn 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%
Auburn, AL Median Gross Rent $840 +12.90% +7.55%

Auburn, AL Real Gross Rent Trends

At $840, real median gross rent in Auburn was at its highest level in 2015 since the series began in 2005. At $834, real average gross rent in Auburn was at its highest level in 2015 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Auburn

Date US
Median
Alabama
Median
Auburn, AL
Median
Auburn, AL
Average
2015 $959 $729 $840 $834
2014 $930 $714 $744 $764
2013 $898 $689 $776 $760
2012 $886 $691 $781 $764
2011 $887 $699 $741 $756
2010 $901 $703 $733 $822
2009 $905 $706 $751 $747
2008 $920 $704 $740 $769
2007 $874 $666 $679 $688
2006 $883 $663 $657 $642
2005 $858 $630 $639 $646

Auburn 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 Auburn Alabama was 3.07% according to Census ACS data.

Rental Vacancy Rate in Auburn Alabama

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Alabama 9.72% -0.65% +1.93%
Auburn, AL 3.07% -3.26% -1.98%

Trends in Auburn, AL Rental Vacancy Rate

The rental vacancy rate in Auburn peaked in 2006 at 8.92%. Since then it has fallen by 5.85% to 3.07%. Data records for this series originated in 2005. From a 2007 post peak low of 2.76%, the rental vacancy rate has increased by 0.31%.

Rental Vacancy Rate: Auburn AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Auburn

Date US Alabama Auburn, AL
2015 5.85% 9.72% 3.07%
2014 6.32% 10.37% 6.33%
2013 6.49% 9.17% 6.32%
2012 6.77% 7.79% 5.05%
2011 7.40% 8.30% 5.11%
2010 8.17% 9.64% 7.21%
2009 8.43% 10.33% 5.94%
2008 7.86% 9.73% 8.06%
2007 7.87% 9.25% 2.76%
2006 7.70% 8.72% 8.92%
2005 7.74% 9.21% 8.09%

Rent as a Fraction of Income

Using median household income data for Auburn, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Auburn, median monthly gross rent as a fraction of median household income was 21.64% in 2015 according to the ACS.

Auburn 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%
Auburn, AL 21.64% -0.84% +0.88%

Trends in Auburn, AL Rent as a Fraction of Income

The fraction of median Auburn household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.72%. Since then it has fallen by 1.08% to 21.64%.

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

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

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

Date US Alabama Auburn, AL
2015 20.63% 19.54% 21.64%
2014 20.89% 20.09% 22.48%
2013 20.78% 19.44% 20.37%
2012 20.65% 19.89% 20.75%
2011 20.70% 19.91% 20.33%
2010 20.50% 19.78% 21.21%
2009 20.12% 19.47% 22.72%
2008 19.00% 17.75% 19.04%
2007 18.66% 17.78% 18.69%
2006 18.90% 17.73% 17.75%
2005 18.89% 17.41% 18.48%

Renter Fraction in Auburn Alabama

You can calculate the renter fraction in Auburn 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 Auburn as a fraction of total Auburn households. In 2015 41.93% of households were renters according to Census ACS data.

Auburn 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%
Auburn, AL 41.93% -0.09% +4.13%

Trends in the Auburn, AL Renter Fraction

The Auburn household renter fraction peaked in in 2013 at 42.16% and is now 0.23% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Auburn AL, Alabama, US

Fraction of renters in Auburn

History of Auburn Renter Fraction

Date US Alabama Auburn, AL
2015 36.97% 32.11% 41.93%
2014 36.90% 32.32% 42.02%
2013 36.50% 31.96% 42.16%
2012 36.09% 31.25% 37.80%
2011 35.42% 30.11% 39.28%
2010 34.65% 29.88% 36.36%
2009 34.13% 30.42% 38.90%
2008 33.36% 29.01% 34.27%
2007 32.80% 29.10% 39.79%
2006 32.73% 28.22% 35.25%
2005 33.10% 29.48% 41.15%

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.