Department of Numbers

Pittsfield Massachusetts Residential Rent and Rental Statistics

The median monthly gross residential rent in Pittsfield, MA (the Pittsfield metro area) was $821 in 2015 according to the Census ACS survey.1 Average gross rent in Pittsfield was $743 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 Pittsfield median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Pittsfield Massachusetts (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Massachusetts Median Gross Rent $1,164 +5.63% +12.03%
Pittsfield, MA Median Gross Rent $821 +15.15% +9.47%

Pittsfield, MA Real Gross Rent Trends

At $821, real median gross rent in Pittsfield was at its highest level in 2015 since the series began in 2005. Average gross rent for Pittsfield peaked in real terms in 2008 at $785 and is now $42 (5.35%) lower.

Real Gross Rent in Pittsfield: Pittsfield MA Median, Pittsfield MA Average, Massachusetts Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pittsfield

Date US
Median
Massachusetts
Median
Pittsfield, MA
Median
Pittsfield, MA
Average
2015 $959 $1,164 $821 $743
2014 $930 $1,102 $713 $702
2013 $898 $1,069 $742 $711
2012 $886 $1,039 $750 $785
2011 $887 $1,053 $723 $710
2010 $901 $1,063 $769 $739
2009 $905 $1,061 $772 $706
2008 $920 $1,106 $785 $785
2007 $874 $1,048 $745 $731
2006 $883 $1,080 $713 $652
2005 $858 $1,063 $700 $693

Pittsfield 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 Pittsfield Massachusetts was 4.67% according to Census ACS data.

Rental Vacancy Rate in Pittsfield Massachusetts

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Massachusetts 3.48% -0.56% -0.98%
Pittsfield, MA 4.67% -1.02% +0.45%

Trends in Pittsfield, MA Rental Vacancy Rate

The rental vacancy rate in Pittsfield peaked in 2009 at 8.96%. Since then it has fallen by 4.29% to 4.67%. Data records for this series originated in 2005.

Rental Vacancy Rate: Pittsfield MA, Massachusetts, US

Rental vacancy rate in Massachusetts

Historical Rental Vacancy Rate data for Pittsfield

Date US Massachusetts Pittsfield, MA
2015 5.85% 3.48% 4.67%
2014 6.32% 4.04% 5.69%
2013 6.49% 4.61% 6.22%
2012 6.77% 4.46% 4.22%
2011 7.40% 4.76% 7.37%
2010 8.17% 5.80% 7.80%
2009 8.43% 5.83% 8.96%
2008 7.86% 5.28%
2007 7.87% 6.20% 6.22%
2006 7.70% 5.55% 2.18%
2005 7.74% 5.58% 5.85%

Rent as a Fraction of Income

Using median household income data for Pittsfield, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pittsfield, median monthly gross rent as a fraction of median household income was 19.41% in 2015 according to the ACS.

Pittsfield Massachusetts Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Massachusetts 19.78% +0.57% +0.75%
Pittsfield, MA 19.41% +2.30% +0.11%

Trends in Pittsfield, MA Rent as a Fraction of Income

The fraction of median Pittsfield household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 20.40%. Since then it has fallen by 0.99% to 19.41%.

Fraction of Income towards Rent: Pittsfield MA, Massachusetts, US

Percent of median household income going towards median monthly gross rent in Pittsfield Massachusetts

Historical Data for Annual Rent as a Fraction of Income in Pittsfield Massachusetts

Date US Massachusetts Pittsfield, MA
2015 20.63% 19.78% 19.41%
2014 20.89% 19.21% 17.11%
2013 20.78% 19.36% 17.07%
2012 20.65% 19.03% 19.30%
2011 20.70% 19.74% 19.83%
2010 20.50% 19.51% 19.82%
2009 20.12% 18.50% 20.40%
2008 19.00% 18.18% 18.83%
2007 18.66% 18.20% 17.07%
2006 18.90% 18.67% 15.54%
2005 18.89% 18.93% 14.68%

Renter Fraction in Pittsfield Massachusetts

You can calculate the renter fraction in Pittsfield 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 Pittsfield as a fraction of total Pittsfield households. In 2015 34.37% of households were renters according to Census ACS data.

Pittsfield Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Massachusetts 38.28% -0.12% +0.52%
Pittsfield, MA 34.37% +1.99% +1.54%

Trends in the Pittsfield, MA Renter Fraction

At 34.37%, the 2015 household based renter fraction in Pittsfield was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Pittsfield MA, Massachusetts, US

Fraction of renters in Pittsfield

History of Pittsfield Renter Fraction

Date US Massachusetts Pittsfield, MA
2015 36.97% 38.28% 34.37%
2014 36.90% 38.40% 32.38%
2013 36.50% 38.46% 32.06%
2012 36.09% 37.76% 32.83%
2011 35.42% 37.87% 29.74%
2010 34.65% 37.77% 33.82%
2009 34.13% 35.79% 33.38%
2008 33.36% 35.46% 32.86%
2007 32.80% 34.91% 32.25%
2006 32.73% 35.08% 32.34%
2005 33.10% 35.95% 31.02%

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.