Department of Numbers

Huntington West Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Huntington, WV (the Huntington-Ashland metro area) was $653 in 2015 according to the Census ACS survey.1 Average gross rent in Huntington was $566 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 Huntington median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Huntington West Virginia (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
West Virginia Median Gross Rent $675 +3.37% +10.84%
Huntington, WV Median Gross Rent $653 -1.36% +11.05%

Huntington, WV Real Gross Rent Trends

Median gross rent for Huntington peaked in real terms in 2014 at $662 and is now $9 (1.36%) lower. Average gross rent for Huntington peaked in real terms in 2009 at $576 and is now $10 (1.74%) lower.

Real Gross Rent in Huntington: Huntington WV Median, Huntington WV Average, West Virginia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Huntington

Date US
Median
West Virginia
Median
Huntington, WV
Median
Huntington, WV
Average
2015 $959 $675 $653 $566
2014 $930 $653 $662 $570
2013 $898 $615 $613 $517
2012 $886 $609 $588 $550
2011 $887 $610 $603 $535
2010 $901 $601 $600 $507
2009 $905 $593 $640 $576
2008 $920 $589 $588 $566
2007 $874 $581 $590 $516
2006 $883 $578 $594 $536
2005 $858 $569 $569 $484

Huntington 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 Huntington West Virginia was 8.10% according to Census ACS data.

Rental Vacancy Rate in Huntington West Virginia

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
West Virginia 6.82% -2.09% 0.00%
Huntington, WV 8.10% +2.77% +1.74%

Trends in Huntington, WV Rental Vacancy Rate

The rental vacancy rate in Huntington peaked in 2005 at 10.60%. Since then it has fallen by 2.50% to 8.10%. Data records for this series originated in 2005. From a 2010 post peak low of 5.19%, the rental vacancy rate has increased by 2.91%.

Rental Vacancy Rate: Huntington WV, West Virginia, US

Rental vacancy rate in West Virginia

Historical Rental Vacancy Rate data for Huntington

Date US West Virginia Huntington, WV
2015 5.85% 6.82% 8.10%
2014 6.32% 8.91% 5.33%
2013 6.49% 7.75% 7.11%
2012 6.77% 6.82% 6.36%
2011 7.40% 8.13% 7.81%
2010 8.17% 8.96% 5.19%
2009 8.43% 8.76% 6.05%
2008 7.86% 7.42% 5.48%
2007 7.87% 8.79% 6.28%
2006 7.70% 6.09% 7.01%
2005 7.74% 7.58% 10.60%

Rent as a Fraction of Income

Using median household income data for Huntington, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Huntington, median monthly gross rent as a fraction of median household income was 18.55% in 2015 according to the ACS.

Huntington West Virginia Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
West Virginia 19.28% +0.10% +1.16%
Huntington, WV 18.55% -0.99% +0.60%

Trends in Huntington, WV Rent as a Fraction of Income

The fraction of median Huntington household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.83%. Since then it has fallen by 1.28% to 18.55%. From a 2013 low of 17.03%, the fraction of income going to rent has increased by 1.52%.

Fraction of Income towards Rent: Huntington WV, West Virginia, US

Percent of median household income going towards median monthly gross rent in Huntington West Virginia

Historical Data for Annual Rent as a Fraction of Income in Huntington West Virginia

Date US West Virginia Huntington, WV
2015 20.63% 19.28% 18.55%
2014 20.89% 19.17% 19.54%
2013 20.78% 18.04% 17.03%
2012 20.65% 18.12% 17.96%
2011 20.70% 18.68% 19.26%
2010 20.50% 17.93% 18.99%
2009 20.12% 17.69% 19.83%
2008 19.00% 16.68% 17.80%
2007 18.66% 17.00% 18.33%
2006 18.90% 17.08% 17.82%
2005 18.89% 17.33% 18.21%

Renter Fraction in Huntington West Virginia

You can calculate the renter fraction in Huntington 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 Huntington as a fraction of total Huntington households. In 2015 29.24% of households were renters according to Census ACS data.

Huntington Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
West Virginia 27.69% -0.14% -0.33%
Huntington, WV 29.24% -1.68% +0.38%

Trends in the Huntington, WV Renter Fraction

The Huntington household renter fraction peaked in in 2010 at 31.65% and is now 2.41% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Huntington WV, West Virginia, US

Fraction of renters in Huntington

History of Huntington Renter Fraction

Date US West Virginia Huntington, WV
2015 36.97% 27.69% 29.24%
2014 36.90% 27.83% 30.92%
2013 36.50% 27.67% 28.47%
2012 36.09% 28.02% 28.86%
2011 35.42% 27.74% 31.51%
2010 34.65% 25.41% 31.65%
2009 34.13% 26.38% 31.18%
2008 33.36% 26.27% 29.90%
2007 32.80% 25.13% 27.85%
2006 32.73% 25.34% 27.91%
2005 33.10% 24.63% 27.14%

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.