Department of Numbers

Flagstaff Arizona Residential Rent and Rental Statistics

The median monthly gross residential rent in Flagstaff, AZ (the Flagstaff metro area) was $1,093 in 2015 according to the Census ACS survey.1 Average gross rent in Flagstaff was $1,025 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 Flagstaff median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Flagstaff Arizona (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Arizona Median Gross Rent $933 +2.30% +4.83%
Flagstaff, AZ Median Gross Rent $1,093 +13.38% +11.30%

Flagstaff, AZ Real Gross Rent Trends

At $1,093, real median gross rent in Flagstaff was at its highest level in 2015 since the series began in 2005. At $1,025, real average gross rent in Flagstaff was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Flagstaff: Flagstaff AZ Median, Flagstaff AZ Average, Arizona Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Flagstaff

Date US
Median
Arizona
Median
Flagstaff, AZ
Median
Flagstaff, AZ
Average
2015 $959 $933 $1,093 $1,025
2014 $930 $912 $964 $931
2013 $898 $883 $1,051 $1,017
2012 $886 $890 $982 $955
2011 $887 $865 $932 $864
2010 $901 $889 $1,009 $934
2009 $905 $923 $998 $994
2008 $920 $967 $976 $885
2007 $874 $907 $957 $939
2006 $883 $882 $874 $872
2005 $858 $845 $930 $849

Flagstaff 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 Flagstaff Arizona was 8.47% according to Census ACS data.

Rental Vacancy Rate in Flagstaff Arizona

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Arizona 7.72% -0.39% -1.29%
Flagstaff, AZ 8.47% +2.86% +3.30%

Trends in Flagstaff, AZ Rental Vacancy Rate

At 8.47%, Flagstaff residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Flagstaff AZ, Arizona, US

Rental vacancy rate in Arizona

Historical Rental Vacancy Rate data for Flagstaff

Date US Arizona Flagstaff, AZ
2015 5.85% 7.72% 8.47%
2014 6.32% 8.11% 5.61%
2013 6.49% 8.89% 5.35%
2012 6.77% 9.01% 5.17%
2011 7.40% 10.21% 6.86%
2010 8.17% 11.07% 4.85%
2009 8.43% 12.62% 6.22%
2008 7.86% 11.33% 4.20%
2007 7.87% 9.22% 3.55%
2006 7.70% 8.18% 6.89%
2005 7.74% 8.57% 8.38%

Rent as a Fraction of Income

Using median household income data for Flagstaff, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Flagstaff, median monthly gross rent as a fraction of median household income was 24.68% in 2015 according to the ACS.

Flagstaff Arizona Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Arizona 21.74% -0.21% -0.54%
Flagstaff, AZ 24.68% +1.31% -1.06%

Trends in Flagstaff, AZ Rent as a Fraction of Income

The fraction of median Flagstaff household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 27.29%. Since then it has fallen by 2.61% to 24.68%.

Fraction of Income towards Rent: Flagstaff AZ, Arizona, US

Percent of median household income going towards median monthly gross rent in Flagstaff Arizona

Historical Data for Annual Rent as a Fraction of Income in Flagstaff Arizona

Date US Arizona Flagstaff, AZ
2015 20.63% 21.74% 24.68%
2014 20.89% 21.95% 23.37%
2013 20.78% 22.02% 25.10%
2012 20.65% 22.28% 25.74%
2011 20.70% 21.84% 24.38%
2010 20.50% 21.65% 27.29%
2009 20.12% 21.15% 21.96%
2008 19.00% 20.39% 22.12%
2007 18.66% 19.70% 20.89%
2006 18.90% 19.35% 20.82%
2005 18.89% 19.43% 22.99%

Renter Fraction in Flagstaff Arizona

You can calculate the renter fraction in Flagstaff 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 Flagstaff as a fraction of total Flagstaff households. In 2015 38.90% of households were renters according to Census ACS data.

Flagstaff Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Arizona 38.09% -0.77% +0.65%
Flagstaff, AZ 38.90% -0.74% -0.89%

Trends in the Flagstaff, AZ Renter Fraction

The Flagstaff household renter fraction peaked in in 2013 at 43.03% and is now 4.13% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Flagstaff AZ, Arizona, US

Fraction of renters in Flagstaff

History of Flagstaff Renter Fraction

Date US Arizona Flagstaff, AZ
2015 36.97% 38.09% 38.90%
2014 36.90% 38.86% 39.64%
2013 36.50% 37.94% 43.03%
2012 36.09% 37.44% 39.79%
2011 35.42% 36.27% 38.60%
2010 34.65% 34.75% 38.42%
2009 34.13% 32.94% 41.88%
2008 33.36% 31.88% 37.99%
2007 32.80% 31.91% 35.84%
2006 32.73% 31.55% 39.44%
2005 33.10% 31.83% 39.21%

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.