Department of Numbers

Visalia California Residential Rent and Rental Statistics

The median monthly gross residential rent in Visalia, CA (the Visalia-Porterville metro area) was $853 in 2015 according to the Census ACS survey.1 Average gross rent in Visalia was $865 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 Visalia median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Visalia California (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
California Median Gross Rent $1,311 +3.88% +8.98%
Visalia, CA Median Gross Rent $853 +3.39% +5.05%

Visalia, CA Real Gross Rent Trends

Median gross rent for Visalia peaked in real terms in 2009 at $855 and is now $2 (0.23%) lower. At $865, real average gross rent in Visalia was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Visalia: Visalia CA Median, Visalia CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Visalia

Date US
Median
California
Median
Visalia, CA
Median
Visalia, CA
Average
2015 $959 $1,311 $853 $865
2014 $930 $1,262 $825 $838
2013 $898 $1,215 $805 $819
2012 $886 $1,203 $812 $822
2011 $887 $1,195 $776 $793
2010 $901 $1,225 $841 $829
2009 $905 $1,241 $855 $860
2008 $920 $1,267 $812 $826
2007 $874 $1,194 $772 $807
2006 $883 $1,191 $754 $770
2005 $858 $1,147 $715 $721

Visalia 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 Visalia California was 3.48% according to Census ACS data.

Rental Vacancy Rate in Visalia California

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
California 3.33% -0.57% -1.18%
Visalia, CA 3.48% +0.57% +0.91%

Trends in Visalia, CA Rental Vacancy Rate

The rental vacancy rate in Visalia peaked in 2009 at 6.83%. Since then it has fallen by 3.35% to 3.48%. Data records for this series originated in 2005. From a 2012 post peak low of 2.57%, the rental vacancy rate has increased by 0.91%.

Rental Vacancy Rate: Visalia CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Visalia

Date US California Visalia, CA
2015 5.85% 3.33% 3.48%
2014 6.32% 3.90% 2.91%
2013 6.49% 4.22% 4.11%
2012 6.77% 4.51% 2.57%
2011 7.40% 4.94% 5.80%
2010 8.17% 5.86% 6.59%
2009 8.43% 5.76% 6.83%
2008 7.86% 4.71% 3.28%
2007 7.87% 4.72% 3.59%
2006 7.70% 4.67% 2.90%
2005 7.74% 4.61% 3.14%

Rent as a Fraction of Income

Using median household income data for Visalia, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Visalia, median monthly gross rent as a fraction of median household income was 24.13% in 2015 according to the ACS.

Visalia California Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
California 24.39% -0.18% -0.30%
Visalia, CA 24.13% +0.79% +0.02%

Trends in Visalia, CA Rent as a Fraction of Income

The fraction of median Visalia household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 24.69%. Since then it has fallen by 0.55% to 24.13%.

Fraction of Income towards Rent: Visalia CA, California, US

Percent of median household income going towards median monthly gross rent in Visalia California

Historical Data for Annual Rent as a Fraction of Income in Visalia California

Date US California Visalia, CA
2015 20.63% 24.39% 24.13%
2014 20.89% 24.57% 23.35%
2013 20.78% 24.40% 24.69%
2012 20.65% 24.69% 24.12%
2011 20.70% 24.59% 22.21%
2010 20.50% 24.18% 22.07%
2009 20.12% 23.52% 23.88%
2008 19.00% 22.32% 19.34%
2007 18.66% 21.58% 20.60%
2006 18.90% 21.80% 18.63%
2005 18.89% 21.77% 18.81%

Renter Fraction in Visalia California

You can calculate the renter fraction in Visalia 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 Visalia as a fraction of total Visalia households. In 2015 45.18% of households were renters according to Census ACS data.

Visalia Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
California 46.41% +0.14% +0.44%
Visalia, CA 45.18% +2.34% +1.77%

Trends in the Visalia, CA Renter Fraction

The Visalia household renter fraction peaked in in 2013 at 46.88% and is now 1.70% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Visalia CA, California, US

Fraction of renters in Visalia

History of Visalia Renter Fraction

Date US California Visalia, CA
2015 36.97% 46.41% 45.18%
2014 36.90% 46.27% 42.84%
2013 36.50% 46.21% 46.88%
2012 36.09% 45.97% 43.41%
2011 35.42% 45.12% 42.11%
2010 34.65% 44.36% 41.42%
2009 34.13% 43.43% 42.88%
2008 33.36% 42.95% 41.08%
2007 32.80% 42.00% 40.91%
2006 32.73% 41.55% 40.43%
2005 33.10% 41.56% 40.44%

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.