Department of Numbers

Carson City Nevada Residential Rent and Rental Statistics

The median monthly gross residential rent in Carson City, NV (the Carson City metro area) was $837 in 2015 according to the Census ACS survey.1 Average gross rent in Carson City was $888 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 Carson City median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Carson City Nevada (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Nevada Median Gross Rent $980 +3.16% +3.48%
Carson City, NV Median Gross Rent $837 +14.03% +3.46%

Carson City, NV Real Gross Rent Trends

Median gross rent for Carson City peaked in real terms in 2009 at $972 and is now $135 (13.89%) lower. From a recent low of 734.0 in 2014, real median gross rent has now increased by $103 (14.03%). Average gross rent for Carson City peaked in real terms in 2009 at $953 and is now $65 (6.82%) lower. From a recent low of 781.0 in 2014, real average gross rent has now increased by $107 (13.70%).

Real Gross Rent in Carson City: Carson City NV Median, Carson City NV Average, Nevada Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Carson City

Date US
Median
Nevada
Median
Carson City, NV
Median
Carson City, NV
Average
2015 $959 $980 $837 $888
2014 $930 $950 $734 $781
2013 $898 $945 $800 $865
2012 $886 $947 $809 $894
2011 $887 $953 $840 $880
2010 $901 $1,003 $896 $891
2009 $905 $1,067 $972 $953
2008 $920 $1,129
2007 $874 $1,085
2006 $883 $1,061
2005 $858 $1,015

Historical Rental Vacancy Rate data for Carson City

Date US Nevada Carson City, NV
2015 5.85% 8.47%
2014 6.32% 8.38%
2013 6.49% 10.51%
2012 6.77% 10.96%
2011 7.40% 11.73%
2010 8.17% 10.71% 10.75%
2009 8.43% 12.58%
2008 7.86% 11.28%
2007 7.87% 10.10%
2006 7.70% 9.10%
2005 7.74% 7.31%

Rent as a Fraction of Income

Using median household income data for Carson City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carson City, median monthly gross rent as a fraction of median household income was 23.77% in 2015 according to the ACS.

Carson City Nevada Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Nevada 22.43% +0.16% -0.34%
Carson City, NV 23.77% +3.58% +4.32%

Trends in Carson City, NV Rent as a Fraction of Income

Carson City renters paid 23.77% 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 2009.

Fraction of Income towards Rent: Carson City NV, Nevada, US

Percent of median household income going towards median monthly gross rent in Carson City Nevada

Historical Data for Annual Rent as a Fraction of Income in Carson City Nevada

Date US Nevada Carson City, NV
2015 20.63% 22.43% 23.77%
2014 20.89% 22.27% 20.20%
2013 20.78% 22.30% 20.75%
2012 20.65% 22.77% 19.45%
2011 20.70% 22.96% 18.43%
2010 20.50% 22.40% 19.48%
2009 20.12% 22.34% 18.82%
2008 19.00% 21.53%
2007 18.66% 21.36%
2006 18.90% 20.76%
2005 18.89% 21.01%

Renter Fraction in Carson City Nevada

You can calculate the renter fraction in Carson City 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 Carson City as a fraction of total Carson City households. In 2015 45.69% of households were renters according to Census ACS data.

Carson City Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Nevada 45.98% -0.38% +0.85%
Carson City, NV 45.69% +3.55% -1.03%

Trends in the Carson City, NV Renter Fraction

The Carson City household renter fraction peaked in in 2012 at 46.72% and is now 1.03% below that level. The origin year for the series is 2009.

Fraction of Renting Households: Carson City NV, Nevada, US

Fraction of renters in Carson City

History of Carson City Renter Fraction

Date US Nevada Carson City, NV
2015 36.97% 45.98% 45.69%
2014 36.90% 46.36% 42.14%
2013 36.50% 45.69% 45.30%
2012 36.09% 45.13% 46.72%
2011 35.42% 43.71% 41.48%
2010 34.65% 42.83% 41.21%
2009 34.13% 40.75% 35.46%
2008 33.36% 40.35%
2007 32.80% 39.59%
2006 32.73% 38.01%
2005 33.10% 39.33%

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.