Department of Numbers

Tuscaloosa Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Tuscaloosa, AL (the Tuscaloosa metro area) was $778 in 2015 according to the Census ACS survey.1 Average gross rent in Tuscaloosa was $737 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 Tuscaloosa median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Tuscaloosa 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%
Tuscaloosa, AL Median Gross Rent $778 -0.89% +15.77%

Tuscaloosa, AL Real Gross Rent Trends

Median gross rent for Tuscaloosa peaked in real terms in 2008 at $786 and is now $8 (1.02%) lower. Average gross rent for Tuscaloosa peaked in real terms in 2010 at $748 and is now $11 (1.47%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tuscaloosa

Date US
Median
Alabama
Median
Tuscaloosa, AL
Median
Tuscaloosa, AL
Average
2015 $959 $729 $778 $737
2014 $930 $714 $785 $724
2013 $898 $689 $717 $690
2012 $886 $691 $672 $655
2011 $887 $699 $769 $731
2010 $901 $703 $777 $748
2009 $905 $706 $721 $662
2008 $920 $704 $786 $731
2007 $874 $666 $698 $682
2006 $883 $663 $661 $576
2005 $858 $630 $660 $628

Tuscaloosa 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 Tuscaloosa Alabama was 5.83% according to Census ACS data.

Rental Vacancy Rate in Tuscaloosa Alabama

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Alabama 9.72% -0.65% +1.93%
Tuscaloosa, AL 5.83% +0.36% -1.24%

Trends in Tuscaloosa, AL Rental Vacancy Rate

The rental vacancy rate in Tuscaloosa peaked in 2009 at 21.07%. Since then it has fallen by 15.24% to 5.83%. Data records for this series originated in 2005.

Rental Vacancy Rate: Tuscaloosa AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Tuscaloosa

Date US Alabama Tuscaloosa, AL
2015 5.85% 9.72% 5.83%
2014 6.32% 10.37% 5.47%
2013 6.49% 9.17% 6.34%
2012 6.77% 7.79% 7.07%
2011 7.40% 8.30% 5.27%
2010 8.17% 9.64% 13.55%
2009 8.43% 10.33% 21.07%
2008 7.86% 9.73% 16.62%
2007 7.87% 9.25% 5.75%
2006 7.70% 8.72% 2.24%
2005 7.74% 9.21% 9.39%

Rent as a Fraction of Income

Using median household income data for Tuscaloosa, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tuscaloosa, median monthly gross rent as a fraction of median household income was 20.09% in 2015 according to the ACS.

Tuscaloosa 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%
Tuscaloosa, AL 20.09% -1.36% -0.66%

Trends in Tuscaloosa, AL Rent as a Fraction of Income

The fraction of median Tuscaloosa household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.39%. Since then it has fallen by 2.30% to 20.09%. From a 2013 low of 19.30%, the fraction of income going to rent has increased by 0.79%.

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

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

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

Date US Alabama Tuscaloosa, AL
2015 20.63% 19.54% 20.09%
2014 20.89% 20.09% 21.45%
2013 20.78% 19.44% 19.30%
2012 20.65% 19.89% 20.75%
2011 20.70% 19.91% 22.39%
2010 20.50% 19.78% 21.58%
2009 20.12% 19.47% 20.12%
2008 19.00% 17.75% 20.91%
2007 18.66% 17.78% 19.37%
2006 18.90% 17.73% 19.30%
2005 18.89% 17.41% 21.19%

Renter Fraction in Tuscaloosa Alabama

You can calculate the renter fraction in Tuscaloosa 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 Tuscaloosa as a fraction of total Tuscaloosa households. In 2015 35.67% of households were renters according to Census ACS data.

Tuscaloosa 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%
Tuscaloosa, AL 35.67% +0.11% +1.01%

Trends in the Tuscaloosa, AL Renter Fraction

The Tuscaloosa household renter fraction peaked in in 2005 at 38.07% and is now 2.40% below that level. From a recent low of 33.51% in 2010, the household based renter fraction has now grown by 2.16%. The origin year for the series is 2005.

Fraction of Renting Households: Tuscaloosa AL, Alabama, US

Fraction of renters in Tuscaloosa

History of Tuscaloosa Renter Fraction

Date US Alabama Tuscaloosa, AL
2015 36.97% 32.11% 35.67%
2014 36.90% 32.32% 35.56%
2013 36.50% 31.96% 35.69%
2012 36.09% 31.25% 34.66%
2011 35.42% 30.11% 34.08%
2010 34.65% 29.88% 33.51%
2009 34.13% 30.42% 36.17%
2008 33.36% 29.01% 36.15%
2007 32.80% 29.10% 35.46%
2006 32.73% 28.22% 37.66%
2005 33.10% 29.48% 38.07%

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.