Department of Numbers

Eau Claire Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Eau Claire, WI (the Eau Claire metro area) was $763 in 2015 according to the Census ACS survey.1 Average gross rent in Eau Claire was $753 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 Eau Claire median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Eau Claire Wisconsin (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Wisconsin Median Gross Rent $792 +1.80% +6.31%
Eau Claire, WI Median Gross Rent $763 +2.28% +7.31%

Eau Claire, WI Real Gross Rent Trends

At $763, real median gross rent in Eau Claire was at its highest level in 2015 since the series began in 2005. At $753, real average gross rent in Eau Claire was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Eau Claire: Eau Claire WI Median, Eau Claire WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Eau Claire

Date US
Median
Wisconsin
Median
Eau Claire, WI
Median
Eau Claire, WI
Average
2015 $959 $792 $763 $753
2014 $930 $778 $746 $716
2013 $898 $752 $704 $654
2012 $886 $745 $711 $699
2011 $887 $752 $704 $715
2010 $901 $753 $647 $672
2009 $905 $761 $667 $687
2008 $920 $786 $746 $735
2007 $874 $745 $681 $650
2006 $883 $762 $662 $684
2005 $858 $758 $672 $669

Eau Claire Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Eau Claire Wisconsin was 2.83% according to Census ACS data.

Rental Vacancy Rate in Eau Claire Wisconsin

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Wisconsin 4.67% +0.03% -0.81%
Eau Claire, WI

Trends in Eau Claire, WI Rental Vacancy Rate

The rental vacancy rate in Eau Claire peaked in 2007 at 8.46%. Since then it has fallen by 5.63% to 2.83%. Data records for this series originated in 2005. From a 2013 post peak low of 1.96%, the rental vacancy rate has increased by 0.87%.

Rental Vacancy Rate: Eau Claire WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Eau Claire

Date US Wisconsin Eau Claire, WI
2015 5.85% 4.67%
2014 6.32% 4.64% 2.83%
2013 6.49% 5.22% 1.96%
2012 6.77% 5.48% 3.91%
2011 7.40% 5.17% 4.38%
2010 8.17% 6.16% 4.64%
2009 8.43% 5.86% 2.31%
2008 7.86% 6.26% 2.35%
2007 7.87% 6.83% 8.46%
2006 7.70% 7.18% 3.73%
2005 7.74% 6.49% 5.04%

Rent as a Fraction of Income

Using median household income data for Eau Claire, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Eau Claire, median monthly gross rent as a fraction of median household income was 17.58% in 2015 according to the ACS.

Eau Claire Wisconsin Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Wisconsin 17.08% -0.75% -0.38%
Eau Claire, WI 17.58% -0.84% +0.10%

Trends in Eau Claire, WI Rent as a Fraction of Income

The fraction of median Eau Claire household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.42%. Since then it has fallen by 0.84% to 17.58%.

Fraction of Income towards Rent: Eau Claire WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Eau Claire Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Eau Claire Wisconsin

Date US Wisconsin Eau Claire, WI
2015 20.63% 17.08% 17.58%
2014 20.89% 17.83% 18.42%
2013 20.78% 17.67% 17.35%
2012 20.65% 17.46% 17.47%
2011 20.70% 17.60% 16.79%
2010 20.50% 17.51% 16.71%
2009 20.12% 16.99% 16.70%
2008 19.00% 16.22% 16.23%
2007 18.66% 15.97% 16.25%
2006 18.90% 16.19% 14.69%
2005 18.89% 16.38% 15.85%

Renter Fraction in Eau Claire Wisconsin

You can calculate the renter fraction in Eau Claire 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 Eau Claire as a fraction of total Eau Claire households. In 2015 31.00% of households were renters according to Census ACS data.

Eau Claire Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Wisconsin 33.21% -0.19% +0.50%
Eau Claire, WI 31.00% -6.26% -2.87%

Trends in the Eau Claire, WI Renter Fraction

The Eau Claire household renter fraction peaked in in 2014 at 37.26% and is now 6.26% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Eau Claire WI, Wisconsin, US

Fraction of renters in Eau Claire

History of Eau Claire Renter Fraction

Date US Wisconsin Eau Claire, WI
2015 36.97% 33.21% 31.00%
2014 36.90% 33.40% 37.26%
2013 36.50% 32.82% 32.29%
2012 36.09% 32.71% 33.87%
2011 35.42% 32.15% 33.45%
2010 34.65% 31.30% 32.40%
2009 34.13% 31.02% 33.22%
2008 33.36% 29.87% 30.00%
2007 32.80% 29.92% 30.05%
2006 32.73% 29.55% 28.82%
2005 33.10% 29.88% 29.91%

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.