Goldsboro North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Goldsboro, NC (the Goldsboro metro area) was $798 in 2019 according to the Census ACS survey.1 Average gross rent in Goldsboro was $770 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Goldsboro median and average rent data will be released in September of 2021.
Data is also available below for Goldsboro rental vacancy rates, Goldsboro rent as a percent of median income and the fraction of renters in Goldsboro.
Real Gross Rent in Goldsboro North Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Carolina Median Gross Rent | $931 | +1.64% | +5.92% |
| Goldsboro, NC Median Gross Rent | $798 | +1.40% | +0.25% |
Goldsboro, NC Real Gross Rent Trends
At $798, real median gross rent in Goldsboro was at its highest level in 2019 since the series began in 2005. At $770, real average gross rent in Goldsboro was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Goldsboro: Goldsboro NC Median, Goldsboro NC Average, North Carolina Median, US Median
Real Gross Rent History for Goldsboro
| Date | US Median |
North Carolina Median |
Goldsboro, NC Median |
Goldsboro, NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $798 | $770 |
| 2018 | $1,077 | $916 | $787 | $735 |
| 2017 | $1,043 | $888 | $762 | $689 |
| 2016 | $1,027 | $879 | $796 | $729 |
| 2015 | $1,017 | $877 | $762 | $749 |
| 2014 | $986 | $848 | $742 | $684 |
| 2013 | $953 | $819 | $793 | $753 |
| 2012 | $940 | $804 | $668 | $629 |
| 2011 | $941 | $805 | $728 | $683 |
| 2010 | $955 | $817 | $694 | $663 |
| 2009 | $960 | $821 | $734 | $646 |
| 2007 | $927 | $797 | $693 | $594 |
| 2005 | $910 | $794 | $684 | $588 |
Goldsboro Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Goldsboro North Carolina was 2.53% according to Census ACS data.
Rental Vacancy Rate in Goldsboro North Carolina
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Carolina | 6.60% | -0.43% | -0.39% |
| Goldsboro, NC | 2.53% | — | +0.08% |
Trends in Goldsboro, NC Rental Vacancy Rate
The rental vacancy rate in Goldsboro peaked in 2006 at 15.74%. Since then it has fallen by 13.21% to 2.53%. Data records for this series originated in 2005. From a 2016 post peak low of 2.45%, the rental vacancy rate has increased by 0.08%.
Rental Vacancy Rate: Goldsboro NC, North Carolina, US
Historical Rental Vacancy Rate data for Goldsboro
| Date | US | North Carolina | Goldsboro, NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | 2.53% |
| 2018 | 6.15% | 7.03% | — |
| 2017 | 6.18% | 6.77% | 5.75% |
| 2016 | 5.89% | 6.99% | 2.45% |
| 2015 | 5.85% | 7.02% | 5.92% |
| 2014 | 6.32% | 7.29% | 4.83% |
| 2013 | 6.49% | 7.46% | 6.01% |
| 2012 | 6.77% | 8.00% | 5.51% |
| 2011 | 7.40% | 9.31% | — |
| 2010 | 8.17% | 9.97% | 6.68% |
| 2009 | 8.43% | 10.10% | 5.70% |
| 2007 | 7.87% | 9.26% | 10.52% |
| 2005 | 7.74% | 9.99% | 9.41% |
Rent as a Fraction of Income
Using median household income data for Goldsboro, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Goldsboro, median monthly gross rent as a fraction of median household income was 21.47% in 2019 according to the ACS.
Goldsboro North Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Carolina | 19.48% | -0.57% | -0.42% |
| Goldsboro, NC | 21.47% | -1.27% | -0.39% |
Trends in Goldsboro, NC Rent as a Fraction of Income
The fraction of median Goldsboro household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 23.46%. Since then it has fallen by 1.98% to 21.47%.
Fraction of Income towards Rent: Goldsboro NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Goldsboro North Carolina
| Date | US | North Carolina | Goldsboro, NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 21.47% |
| 2018 | 20.50% | 20.05% | 22.74% |
| 2017 | 20.13% | 19.59% | 20.00% |
| 2016 | 20.43% | 19.90% | 21.86% |
| 2015 | 20.63% | 20.75% | 21.35% |
| 2014 | 20.89% | 20.70% | 23.46% |
| 2013 | 20.78% | 20.34% | 21.42% |
| 2012 | 20.65% | 20.09% | 19.88% |
| 2011 | 20.70% | 20.36% | 20.69% |
| 2010 | 20.50% | 20.25% | 18.27% |
| 2009 | 20.12% | 19.78% | 18.87% |
| 2007 | 18.66% | 18.21% | 17.65% |
| 2005 | 18.89% | 18.71% | 18.27% |
Renter Fraction in Goldsboro North Carolina
You can calculate the renter fraction in Goldsboro 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 Goldsboro as a fraction of total Goldsboro households. In 2019 39.12% of households were renters according to Census ACS data.
Goldsboro Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Carolina | 34.69% | -0.17% | -1.09% |
| Goldsboro, NC | 39.12% | +0.69% | -2.40% |
Trends in the Goldsboro, NC Renter Fraction
The Goldsboro household renter fraction peaked in in 2013 at 43.70% and is now 4.58% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Goldsboro NC, North Carolina, US
History of Goldsboro Renter Fraction
| Date | US | North Carolina | Goldsboro, NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 39.12% |
| 2018 | 36.05% | 34.86% | 38.43% |
| 2017 | 36.13% | 34.60% | 34.39% |
| 2016 | 36.88% | 35.78% | 41.52% |
| 2015 | 36.97% | 36.13% | 38.47% |
| 2014 | 36.90% | 35.75% | 42.07% |
| 2013 | 36.50% | 35.74% | 43.70% |
| 2012 | 36.09% | 34.56% | 40.71% |
| 2011 | 35.42% | 33.49% | 38.77% |
| 2010 | 34.65% | 32.83% | 36.98% |
| 2009 | 34.13% | 32.81% | 40.44% |
| 2007 | 32.80% | 31.70% | 34.03% |
| 2005 | 33.10% | 31.81% | 35.53% |
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. ↩
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