Department of Numbers

Wausau Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Wausau, WI (the Wausau metro area) was $721 in 2015 according to the Census ACS survey.1 Average gross rent in Wausau was $676 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 Wausau median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Wausau 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%
Wausau, WI Median Gross Rent $721 +9.24% +2.41%

Wausau, WI Real Gross Rent Trends

At $721, real median gross rent in Wausau was at its highest level in 2015 since the series began in 2005. Average gross rent for Wausau peaked in real terms in 2012 at $709 and is now $33 (4.65%) lower.

Real Gross Rent in Wausau: Wausau WI Median, Wausau WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wausau

Date US
Median
Wisconsin
Median
Wausau, WI
Median
Wausau, WI
Average
2015 $959 $792 $721 $676
2014 $930 $778 $660 $669
2013 $898 $752 $673 $657
2012 $886 $745 $704 $709
2011 $887 $752 $693 $657
2010 $901 $753 $663 $643
2009 $905 $761 $676 $655
2008 $920 $786 $712 $706
2007 $874 $745 $632 $605
2006 $883 $762 $717 $693
2005 $858 $758 $672 $686

Wausau 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 Wausau Wisconsin was 4.37% according to Census ACS data.

Rental Vacancy Rate in Wausau Wisconsin

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Wisconsin 4.67% +0.03% -0.81%
Wausau, WI 4.37% +1.70% -1.19%

Trends in Wausau, WI Rental Vacancy Rate

The rental vacancy rate in Wausau peaked in 2010 at 10.29%. Since then it has fallen by 5.92% to 4.37%. Data records for this series originated in 2005. From a 2014 post peak low of 2.67%, the rental vacancy rate has increased by 1.70%.

Rental Vacancy Rate: Wausau WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Wausau

Date US Wisconsin Wausau, WI
2015 5.85% 4.67% 4.37%
2014 6.32% 4.64% 2.67%
2013 6.49% 5.22% 4.71%
2012 6.77% 5.48% 5.56%
2011 7.40% 5.17% 4.05%
2010 8.17% 6.16% 10.29%
2009 8.43% 5.86% 6.77%
2008 7.86% 6.26% 5.03%
2007 7.87% 6.83% 4.64%
2006 7.70% 7.18% 7.74%
2005 7.74% 6.49% 5.74%

Rent as a Fraction of Income

Using median household income data for Wausau, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wausau, median monthly gross rent as a fraction of median household income was 15.54% in 2015 according to the ACS.

Wausau 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%
Wausau, WI 15.54% +0.61% -0.53%

Trends in Wausau, WI Rent as a Fraction of Income

The fraction of median Wausau household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 16.07%. Since then it has fallen by 0.53% to 15.54%.

Fraction of Income towards Rent: Wausau WI, Wisconsin, US

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

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

Date US Wisconsin Wausau, WI
2015 20.63% 17.08% 15.54%
2014 20.89% 17.83% 14.93%
2013 20.78% 17.67% 15.76%
2012 20.65% 17.46% 16.07%
2011 20.70% 17.60% 15.81%
2010 20.50% 17.51% 15.29%
2009 20.12% 16.99% 15.20%
2008 19.00% 16.22% 14.01%
2007 18.66% 15.97% 12.84%
2006 18.90% 16.19% 14.73%
2005 18.89% 16.38% 13.71%

Renter Fraction in Wausau Wisconsin

You can calculate the renter fraction in Wausau 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 Wausau as a fraction of total Wausau households. In 2015 27.23% of households were renters according to Census ACS data.

Wausau 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%
Wausau, WI 27.23% +2.85% +0.58%

Trends in the Wausau, WI Renter Fraction

The Wausau household renter fraction peaked in in 2008 at 27.82% and is now 0.59% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Wausau WI, Wisconsin, US

Fraction of renters in Wausau

History of Wausau Renter Fraction

Date US Wisconsin Wausau, WI
2015 36.97% 33.21% 27.23%
2014 36.90% 33.40% 24.38%
2013 36.50% 32.82% 27.75%
2012 36.09% 32.71% 26.65%
2011 35.42% 32.15% 26.82%
2010 34.65% 31.30% 26.13%
2009 34.13% 31.02% 25.38%
2008 33.36% 29.87% 27.82%
2007 32.80% 29.92% 24.78%
2006 32.73% 29.55% 21.98%
2005 33.10% 29.88% 22.25%

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.