Department of Numbers

Pocatello Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Pocatello, ID (the Pocatello metro area) was $655 in 2015 according to the Census ACS survey.1 Average gross rent in Pocatello was $661 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 Pocatello median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Pocatello 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%
Pocatello, ID Median Gross Rent $655 +2.99% +14.11%

Pocatello, ID Real Gross Rent Trends

Median gross rent for Pocatello peaked in real terms in 2005 at $699 and is now $44 (6.29%) lower. From a recent low of 571.0 in 2007, real median gross rent has now increased by $84 (14.71%). At $661, real average gross rent in Pocatello was at its highest level in 2015 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pocatello

Date US
Median
Idaho
Median
Pocatello, ID
Median
Pocatello, ID
Average
2015 $959 $770 $655 $661
2014 $930 $751 $636 $657
2013 $898 $720 $587 $625
2012 $886 $704 $574 $608
2011 $887 $702 $596 $621
2010 $901 $719 $606 $569
2009 $905 $746 $581 $616
2008 $920 $770 $671 $660
2007 $874 $724 $571 $616
2006 $883 $721 $625 $634
2005 $858 $700 $699 $646

Pocatello 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 Pocatello Idaho was 6.92% according to Census ACS data.

Rental Vacancy Rate in Pocatello Idaho

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Idaho 4.97% -0.26% -1.48%
Pocatello, ID 6.92% +1.36%

Trends in Pocatello, ID Rental Vacancy Rate

The rental vacancy rate in Pocatello peaked in 2008 at 8.93%. Since then it has fallen by 2.01% to 6.92%. Data records for this series originated in 2005. From a 2013 post peak low of 4.72%, the rental vacancy rate has increased by 2.20%.

Rental Vacancy Rate: Pocatello ID, Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Pocatello

Date US Idaho Pocatello, ID
2015 5.85% 4.97% 6.92%
2014 6.32% 5.23% 5.56%
2013 6.49% 5.05% 4.72%
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% 8.93%
2007 7.87% 6.21%
2006 7.70% 5.25%
2005 7.74% 4.84%

Rent as a Fraction of Income

Using median household income data for Pocatello, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pocatello, median monthly gross rent as a fraction of median household income was 18.93% in 2015 according to the ACS.

Pocatello 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%
Pocatello, ID 18.93% +1.51% +2.74%

Trends in Pocatello, ID Rent as a Fraction of Income

The fraction of median Pocatello household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 19.71%. Since then it has fallen by 0.79% to 18.93%. From a 2007 low of 14.10%, the fraction of income going to rent has increased by 4.83%.

Fraction of Income towards Rent: Pocatello ID, Idaho, US

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

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

Date US Idaho Pocatello, ID
2015 20.63% 19.14% 18.93%
2014 20.89% 18.93% 17.42%
2013 20.78% 18.60% 16.82%
2012 20.65% 18.52% 16.19%
2011 20.70% 19.08% 17.15%
2010 20.50% 18.85% 17.61%
2009 20.12% 18.54% 14.29%
2008 19.00% 17.40% 14.62%
2007 18.66% 16.97% 14.10%
2006 18.90% 17.44% 17.36%
2005 18.89% 17.20% 19.71%

Renter Fraction in Pocatello Idaho

You can calculate the renter fraction in Pocatello 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 Pocatello as a fraction of total Pocatello households. In 2015 37.54% of households were renters according to Census ACS data.

Pocatello 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%
Pocatello, ID 37.54% +8.18% +4.85%

Trends in the Pocatello, ID Renter Fraction

At 37.54%, the 2015 household based renter fraction in Pocatello was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Pocatello ID, Idaho, US

Fraction of renters in Pocatello

History of Pocatello Renter Fraction

Date US Idaho Pocatello, ID
2015 36.97% 31.04% 37.54%
2014 36.90% 31.98% 29.36%
2013 36.50% 30.64% 34.09%
2012 36.09% 31.63% 32.69%
2011 35.42% 31.26% 34.30%
2010 34.65% 30.38% 30.48%
2009 34.13% 28.47% 26.31%
2008 33.36% 29.14% 27.88%
2007 32.80% 27.95% 28.44%
2006 32.73% 28.73% 28.76%
2005 33.10% 28.60% 30.29%

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.