Department of Numbers

Columbus Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Columbus, OH (the Columbus metro area) was $869 in 2015 according to the Census ACS survey.1 Average gross rent in Columbus 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 Columbus median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Columbus Ohio (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Ohio Median Gross Rent $746 +2.05% +6.27%
Columbus, OH Median Gross Rent $869 +3.08% +9.58%

Columbus, OH Real Gross Rent Trends

At $869, real median gross rent in Columbus was at its highest level in 2015 since the series began in 2005. At $888, real average gross rent in Columbus was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Columbus: Columbus OH Median, Columbus OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Columbus

Date US
Median
Ohio
Median
Columbus, OH
Median
Columbus, OH
Average
2015 $959 $746 $869 $888
2014 $930 $731 $843 $854
2013 $898 $704 $798 $813
2012 $886 $702 $793 $823
2011 $887 $705 $790 $817
2010 $901 $722 $798 $821
2009 $905 $720 $813 $839
2008 $920 $745 $825 $857
2007 $874 $712 $784 $798
2006 $883 $726 $807 $828
2005 $858 $722 $799 $803

Columbus 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 Columbus Ohio was 4.88% according to Census ACS data.

Rental Vacancy Rate in Columbus Ohio

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Ohio 5.56% -0.70% -1.52%
Columbus, OH 4.88% -0.97% -1.68%

Trends in Columbus, OH Rental Vacancy Rate

The rental vacancy rate in Columbus peaked in 2005 at 13.53%. Since then it has fallen by 8.65% to 4.88%. Data records for this series originated in 2005.

Rental Vacancy Rate: Columbus OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Columbus

Date US Ohio Columbus, OH
2015 5.85% 5.56% 4.88%
2014 6.32% 6.26% 5.85%
2013 6.49% 6.15% 4.93%
2012 6.77% 7.08% 6.56%
2011 7.40% 7.89% 7.02%
2010 8.17% 9.45% 9.77%
2009 8.43% 9.17% 10.39%
2008 7.86% 9.68% 11.25%
2007 7.87% 10.00% 11.78%
2006 7.70% 10.68% 12.69%
2005 7.74% 10.37% 13.53%

Rent as a Fraction of Income

Using median household income data for Columbus, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Columbus, median monthly gross rent as a fraction of median household income was 17.92% in 2015 according to the ACS.

Columbus Ohio Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Ohio 17.53% -0.36% -0.41%
Columbus, OH 17.92% -0.11% +0.24%

Trends in Columbus, OH Rent as a Fraction of Income

The fraction of median Columbus household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.03%. Since then it has fallen by 0.11% to 17.92%.

Fraction of Income towards Rent: Columbus OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Columbus Ohio

Historical Data for Annual Rent as a Fraction of Income in Columbus Ohio

Date US Ohio Columbus, OH
2015 20.63% 17.53% 17.92%
2014 20.89% 17.89% 18.03%
2013 20.78% 17.70% 17.84%
2012 20.65% 17.94% 17.68%
2011 20.70% 18.15% 17.80%
2010 20.50% 18.23% 17.82%
2009 20.12% 17.71% 17.89%
2008 19.00% 16.68% 16.30%
2007 18.66% 16.56% 16.43%
2006 18.90% 16.90% 16.75%
2005 18.89% 16.91% 16.78%

Renter Fraction in Columbus Ohio

You can calculate the renter fraction in Columbus 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 Columbus as a fraction of total Columbus households. In 2015 39.49% of households were renters according to Census ACS data.

Columbus Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Ohio 34.59% -0.08% +0.88%
Columbus, OH 39.49% +0.21% +0.57%

Trends in the Columbus, OH Renter Fraction

At 39.49%, the 2015 household based renter fraction in Columbus was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Columbus OH, Ohio, US

Fraction of renters in Columbus

History of Columbus Renter Fraction

Date US Ohio Columbus, OH
2015 36.97% 34.59% 39.49%
2014 36.90% 34.67% 39.28%
2013 36.50% 33.93% 38.18%
2012 36.09% 33.71% 38.92%
2011 35.42% 33.02% 38.58%
2010 34.65% 31.60% 36.97%
2009 34.13% 31.95% 36.77%
2008 33.36% 30.95% 35.16%
2007 32.80% 30.32% 34.72%
2006 32.73% 29.99% 34.84%
2005 33.10% 30.06% 33.92%

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.