Department of Numbers

Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Idaho was $770 in 2015 according to the Census ACS survey.1 Average gross rent was $753 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 Idaho median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Idaho (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Idaho Median Gross Rent $770 +2.53% +9.38%

Idaho Real Gross Rent Trends

Median gross rent for Idaho peaked in real terms in 2008 at $770 and is now $0 (0.00%) lower. Average gross rent for Idaho peaked in real terms in 2008 at $765 and is now $12 (1.57%) lower.

Real Gross Rent in Idaho: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Idaho

Date US Median Idaho Median Idaho Average
2015 $959 $770 $753
2014 $930 $751 $760
2013 $898 $720 $732
2012 $886 $704 $716
2011 $887 $702 $690
2010 $901 $719 $712
2009 $905 $746 $734
2008 $920 $770 $765
2007 $874 $724 $711
2006 $883 $721 $698
2005 $858 $700 $679

Idaho 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 Idaho was 4.97% according to Census ACS data.

Rental Vacancy Rate in Idaho

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Idaho 4.97% -0.26% -1.48%

Trends in Idaho Rental Vacancy Rate

The rental vacancy rate in Idaho peaked in 2009 at 8.58%. Since then it has fallen by 3.61% to 4.97%. Data records for this series originated in 2005.

Rental Vacancy Rate: Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Idaho

Date US Idaho
2015 5.85% 4.97%
2014 6.32% 5.23%
2013 6.49% 5.05%
2012 6.77% 6.45%
2011 7.40% 5.53%
2010 8.17% 7.93%
2009 8.43% 8.58%
2008 7.86% 7.56%
2007 7.87% 6.21%
2006 7.70% 5.25%
2005 7.74% 4.84%

Idaho Rent as a Fraction of Income

Using median household income data for Idaho, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Idaho, median monthly gross rent as a fraction of median household income was 19.14% in 2015 according to the ACS.

Idaho Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Idaho 19.14% +0.21% +0.62%

Trends in Idaho Rent as a Fraction of Income

Idaho renters paid 19.14% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Idaho, US

Percent of median household income going towards median monthly gross rent in Idaho

Historical Data for Annual Rent as a Fraction of Income in Idaho

Date US Idaho
2015 20.63% 19.14%
2014 20.89% 18.93%
2013 20.78% 18.60%
2012 20.65% 18.52%
2011 20.70% 19.08%
2010 20.50% 18.85%
2009 20.12% 18.54%
2008 19.00% 17.40%
2007 18.66% 16.97%
2006 18.90% 17.44%
2005 18.89% 17.20%

Renter Fraction in Idaho

You can calculate the renter fraction in Idaho 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 Idaho as a fraction of total Idaho households. In 2015 31.04% of households were renters according to Census ACS data.

Idaho Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Idaho 31.04% -0.94% -0.59%

Trends in the Idaho Renter Fraction

The Idaho household renter fraction peaked in in 2014 at 31.98% and is now 0.94% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Idaho, US

Fraction of renters in Idaho

History of Idaho Renter Fraction

Date US Idaho
2015 36.97% 31.04%
2014 36.90% 31.98%
2013 36.50% 30.64%
2012 36.09% 31.63%
2011 35.42% 31.26%
2010 34.65% 30.38%
2009 34.13% 28.47%
2008 33.36% 29.14%
2007 32.80% 27.95%
2006 32.73% 28.73%
2005 33.10% 28.60%

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.