Department of Numbers

York Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in York, PA (the York-Hanover metro area) was $890 in 2015 according to the Census ACS survey.1 Average gross rent in York was $843 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 York median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in York 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%
York, PA Median Gross Rent $890 +4.46% +11.67%

York, PA Real Gross Rent Trends

At $890, real median gross rent in York was at its highest level in 2015 since the series began in 2005. Average gross rent for York peaked in real terms in 2014 at $845 and is now $2 (0.24%) lower.

Real Gross Rent in York: York PA Median, York PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for York

Date US
Median
Pennsylvania
Median
York, PA
Median
York, PA
Average
2015 $959 $868 $890 $843
2014 $930 $844 $852 $845
2013 $898 $822 $828 $806
2012 $886 $800 $797 $802
2011 $887 $800 $805 $792
2010 $901 $804 $838 $833
2009 $905 $793 $800 $798
2008 $920 $811 $806 $815
2007 $874 $759 $774 $784
2006 $883 $769 $766 $780
2005 $858 $762 $740 $728

York 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 York Pennsylvania was 6.69% according to Census ACS data.

Rental Vacancy Rate in York Pennsylvania

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Pennsylvania 5.77% -0.63% -0.11%
York, PA 6.69% +3.64% +2.29%

Trends in York, PA Rental Vacancy Rate

The rental vacancy rate in York peaked in 2006 at 6.69%. Since then it has fallen by 0.00% to 6.69%. Data records for this series originated in 2005. From a 2014 post peak low of 3.05%, the rental vacancy rate has increased by 3.64%.

Rental Vacancy Rate: York PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for York

Date US Pennsylvania York, PA
2015 5.85% 5.77% 6.69%
2014 6.32% 6.40% 3.05%
2013 6.49% 5.78% 5.53%
2012 6.77% 5.88% 4.40%
2011 7.40% 6.13% 3.93%
2010 8.17% 6.47% 4.45%
2009 8.43% 6.80% 6.50%
2008 7.86% 6.65% 3.08%
2007 7.87% 7.34% 6.55%
2006 7.70% 8.09% 6.69%
2005 7.74% 7.94% 5.56%

Rent as a Fraction of Income

Using median household income data for York, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For York, median monthly gross rent as a fraction of median household income was 18.28% in 2015 according to the ACS.

York 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%
York, PA 18.28% +0.75% +1.14%

Trends in York, PA Rent as a Fraction of Income

York renters paid 18.28% 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 2005.

Fraction of Income towards Rent: York PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in York Pennsylvania

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

Date US Pennsylvania York, PA
2015 20.63% 18.70% 18.28%
2014 20.89% 19.12% 17.53%
2013 20.78% 19.11% 17.54%
2012 20.65% 18.69% 17.14%
2011 20.70% 18.78% 17.09%
2010 20.50% 18.58% 16.95%
2009 20.12% 17.88% 15.68%
2008 19.00% 17.18% 15.22%
2007 18.66% 16.92% 15.22%
2006 18.90% 17.22% 15.15%
2005 18.89% 17.43% 15.41%

Renter Fraction in York Pennsylvania

You can calculate the renter fraction in York 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 York as a fraction of total York households. In 2015 26.22% of households were renters according to Census ACS data.

York 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%
York, PA 26.22% +1.22% +0.58%

Trends in the York, PA Renter Fraction

The York household renter fraction peaked in in 2013 at 26.87% and is now 0.65% below that level. The origin year for the series is 2005.

Fraction of Renting Households: York PA, Pennsylvania, US

Fraction of renters in York

History of York Renter Fraction

Date US Pennsylvania York, PA
2015 36.97% 31.28% 26.22%
2014 36.90% 31.17% 25.00%
2013 36.50% 31.05% 26.87%
2012 36.09% 31.09% 25.64%
2011 35.42% 30.51% 25.77%
2010 34.65% 29.87% 23.12%
2009 34.13% 29.48% 23.68%
2008 33.36% 29.15% 24.99%
2007 32.80% 28.36% 22.20%
2006 32.73% 28.28% 23.38%
2005 33.10% 28.52% 23.30%

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.