# Williamsport Pennsylvania Residential Rent and Rental Statistics

The **median monthly gross residential rent in Williamsport, PA (the Williamsport metro area) was $755 in 2015** according to the Census ACS survey.^{1} **Average gross rent in Williamsport was $732 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 Williamsport median and average rent data will be released in September of 2017.

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

###
Real Gross Rent in Williamsport Pennsylvania (2015 dollars)^{2}

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $959 | +3.12% | +8.24% |

Pennsylvania Median Gross Rent | $868 | +2.84% | +8.50% |

Williamsport, PA Median Gross Rent | $755 | +2.44% | +5.89% |

## Williamsport, PA Real Gross Rent Trends

At $755, real median gross rent in Williamsport was at its highest level in 2015 since the series began in 2005. At $732, real average gross rent in Williamsport was at its highest level in 2015 since the series began in 2005.

### Real Gross Rent in Williamsport: Williamsport PA Median, Williamsport PA Average, Pennsylvania Median, US Median

## Real Gross Rent History for Williamsport

Date |
US Median |
Pennsylvania Median |
Williamsport, PA Median |
Williamsport, PA Average |
---|---|---|---|---|

2015 | $959 | $868 | $755 | $732 |

2014 | $930 | $844 | $737 | $725 |

2013 | $898 | $822 | $712 | $674 |

2012 | $886 | $800 | $713 | $699 |

2011 | $887 | $800 | $660 | $680 |

2010 | $901 | $804 | $634 | $609 |

2009 | $905 | $793 | $641 | $632 |

2008 | $920 | $811 | $635 | $665 |

2007 | $874 | $759 | $641 | $612 |

2006 | $883 | $769 | $651 | $647 |

2005 | $858 | $762 | $640 | $619 |

## Williamsport 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 Williamsport Pennsylvania was 7.26%** according to Census ACS data.

### Rental Vacancy Rate in Williamsport Pennsylvania

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 5.85% | -0.47% | -0.92% |

Pennsylvania | 5.77% | -0.63% | -0.11% |

Williamsport, PA | 7.26% | +2.39% | +3.91% |

## Trends in Williamsport, PA Rental Vacancy Rate

The rental vacancy rate in Williamsport peaked in 2008 at 7.63%. Since then it has fallen by 0.37% to 7.26%. Data records for this series originated in 2005. From a 2012 post peak low of 3.35%, the rental vacancy rate has increased by 3.91%.

### Rental Vacancy Rate: Williamsport PA, Pennsylvania, US

## Historical Rental Vacancy Rate data for Williamsport

Date | US | Pennsylvania | Williamsport, PA |
---|---|---|---|

2015 | 5.85% | 5.77% | 7.26% |

2014 | 6.32% | 6.40% | 4.87% |

2013 | 6.49% | 5.78% | — |

2012 | 6.77% | 5.88% | 3.35% |

2011 | 7.40% | 6.13% | — |

2010 | 8.17% | 6.47% | 4.30% |

2009 | 8.43% | 6.80% | 4.65% |

2008 | 7.86% | 6.65% | 7.63% |

2007 | 7.87% | 7.34% | 3.40% |

2006 | 7.70% | 8.09% | 4.45% |

2005 | 7.74% | 7.94% | 5.52% |

## Rent as a Fraction of Income

Using median household income data for Williamsport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. **For Williamsport, median monthly gross rent as a fraction of median household income was 17.61% in 2015** according to the ACS.

### Williamsport Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.63% | -0.26% | -0.02% |

Pennsylvania | 18.70% | -0.42% | +0.01% |

Williamsport, PA | 17.61% | -2.08% | -1.06% |

## Trends in Williamsport, PA Rent as a Fraction of Income

The fraction of median Williamsport household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.69%. Since then it has fallen by 2.08% to 17.61%.

### Fraction of Income towards Rent: Williamsport PA, Pennsylvania, US

## Historical Data for Annual Rent as a Fraction of Income in Williamsport Pennsylvania

Date | US | Pennsylvania | Williamsport, PA |
---|---|---|---|

2015 | 20.63% | 18.70% | 17.61% |

2014 | 20.89% | 19.12% | 19.69% |

2013 | 20.78% | 19.11% | 18.16% |

2012 | 20.65% | 18.69% | 18.67% |

2011 | 20.70% | 18.78% | 18.34% |

2010 | 20.50% | 18.58% | 17.60% |

2009 | 20.12% | 17.88% | 17.92% |

2008 | 19.00% | 17.18% | 16.22% |

2007 | 18.66% | 16.92% | 16.66% |

2006 | 18.90% | 17.22% | 17.33% |

2005 | 18.89% | 17.43% | 16.90% |

## Renter Fraction in Williamsport Pennsylvania

You can calculate the renter fraction in Williamsport 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 Williamsport as a fraction of total Williamsport households. **In 2015 30.85% of households were renters** according to Census ACS data.

### Williamsport Fraction of Renters by Household Units

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.97% | +0.07% | +0.88% |

Pennsylvania | 31.28% | +0.11% | +0.19% |

Williamsport, PA | 30.85% | -0.21% | +1.38% |

## Trends in the Williamsport, PA Renter Fraction

The Williamsport household renter fraction peaked in in 2010 at 32.26% and is now 1.41% below that level. From a recent low of 27.76% in 2013, the household based renter fraction has now grown by 3.09%. The origin year for the series is 2005.

### Fraction of Renting Households: Williamsport PA, Pennsylvania, US

## History of Williamsport Renter Fraction

Date | US | Pennsylvania | Williamsport, PA |
---|---|---|---|

2015 | 36.97% | 31.28% | 30.85% |

2014 | 36.90% | 31.17% | 31.06% |

2013 | 36.50% | 31.05% | 27.76% |

2012 | 36.09% | 31.09% | 29.47% |

2011 | 35.42% | 30.51% | 31.52% |

2010 | 34.65% | 29.87% | 32.26% |

2009 | 34.13% | 29.48% | 31.38% |

2008 | 33.36% | 29.15% | 30.55% |

2007 | 32.80% | 28.36% | 29.37% |

2006 | 32.73% | 28.28% | 31.44% |

2005 | 33.10% | 28.52% | 31.52% |

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. ↩