Department of Numbers

Fort Collins Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Fort Collins, CO (the Fort Collins-Loveland metro area) was $1,112 in 2015 according to the Census ACS survey.1 Average gross rent in Fort Collins was $1,153 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 Fort Collins median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Fort Collins Colorado (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Colorado Median Gross Rent $1,111 +9.46% +18.57%
Fort Collins, CO Median Gross Rent $1,112 +9.34% +14.76%

Fort Collins, CO Real Gross Rent Trends

At $1,112, real median gross rent in Fort Collins was at its highest level in 2015 since the series began in 2005. At $1,153, real average gross rent in Fort Collins was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Fort Collins: Fort Collins CO Median, Fort Collins CO Average, Colorado Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fort Collins

Date US
Median
Colorado
Median
Fort Collins, CO
Median
Fort Collins, CO
Average
2015 $959 $1,111 $1,112 $1,153
2014 $930 $1,015 $1,017 $1,059
2013 $898 $964 $979 $1,014
2012 $886 $937 $969 $1,013
2011 $887 $916 $962 $998
2010 $901 $909 $942 $990
2009 $905 $914 $934 $978
2008 $920 $947 $912 $956
2007 $874 $873 $848 $875
2006 $883 $903 $889 $934
2005 $858 $892 $909 $939

Fort Collins 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 Fort Collins Colorado was 1.92% according to Census ACS data.

Rental Vacancy Rate in Fort Collins Colorado

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Colorado 4.47% -0.38% -1.22%
Fort Collins, CO 1.92% -1.85% -1.09%

Trends in Fort Collins, CO Rental Vacancy Rate

The rental vacancy rate in Fort Collins peaked in 2005 at 8.32%. Since then it has fallen by 6.40% to 1.92%. Data records for this series originated in 2005.

Rental Vacancy Rate: Fort Collins CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Fort Collins

Date US Colorado Fort Collins, CO
2015 5.85% 4.47% 1.92%
2014 6.32% 4.85% 3.77%
2013 6.49% 5.26% 4.05%
2012 6.77% 5.69% 3.01%
2011 7.40% 5.63% 2.77%
2010 8.17% 6.72% 4.56%
2009 8.43% 8.00% 7.05%
2008 7.86% 7.45% 4.78%
2007 7.87% 8.63% 5.00%
2006 7.70% 8.36% 5.12%
2005 7.74% 9.35% 8.32%

Rent as a Fraction of Income

Using median household income data for Fort Collins, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fort Collins, median monthly gross rent as a fraction of median household income was 20.55% in 2015 according to the ACS.

Fort Collins Colorado Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Colorado 20.86% +0.89% +1.12%
Fort Collins, CO 20.55% -1.12% -0.19%

Trends in Fort Collins, CO Rent as a Fraction of Income

The fraction of median Fort Collins household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 21.68%. Since then it has fallen by 1.12% to 20.55%.

Fraction of Income towards Rent: Fort Collins CO, Colorado, US

Percent of median household income going towards median monthly gross rent in Fort Collins Colorado

Historical Data for Annual Rent as a Fraction of Income in Fort Collins Colorado

Date US Colorado Fort Collins, CO
2015 20.63% 20.86% 20.55%
2014 20.89% 19.97% 21.68%
2013 20.78% 19.81% 20.04%
2012 20.65% 19.74% 20.74%
2011 20.70% 19.50% 20.54%
2010 20.50% 19.16% 19.81%
2009 20.12% 18.42% 18.73%
2008 19.00% 17.85% 17.40%
2007 18.66% 17.13% 17.66%
2006 18.90% 17.99% 17.15%
2005 18.89% 17.93% 19.00%

Renter Fraction in Fort Collins Colorado

You can calculate the renter fraction in Fort Collins 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 Fort Collins as a fraction of total Fort Collins households. In 2015 35.50% of households were renters according to Census ACS data.

Fort Collins Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Colorado 36.25% +0.11% +0.28%
Fort Collins, CO 35.50% -1.41% -0.77%

Trends in the Fort Collins, CO Renter Fraction

The Fort Collins household renter fraction peaked in in 2014 at 36.91% and is now 1.41% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Fort Collins CO, Colorado, US

Fraction of renters in Fort Collins

History of Fort Collins Renter Fraction

Date US Colorado Fort Collins, CO
2015 36.97% 36.25% 35.50%
2014 36.90% 36.14% 36.91%
2013 36.50% 35.49% 35.35%
2012 36.09% 35.97% 36.27%
2011 35.42% 35.62% 35.26%
2010 34.65% 34.06% 33.29%
2009 34.13% 32.99% 34.01%
2008 33.36% 32.51% 32.60%
2007 32.80% 31.17% 30.23%
2006 32.73% 31.27% 33.58%
2005 33.10% 32.18% 31.95%

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.