Department of Numbers

Elmore County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Elmore County AL was $919 in 2017 according to the Census ACS survey.1 Average gross rent in Elmore County was $812 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Elmore County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Elmore County Alabama (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Alabama Median Gross Rent $750 -0.66% +2.18%
Elmore County AL Median Gross Rent $919 +11.39% +19.82%

Elmore County AL Real Gross Rent Trends

At $919, real median gross rent in Elmore County was at its highest level in 2017 since the series began in 2005. At $812, real average gross rent in Elmore County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Elmore County AL Median, Elmore County AL Average, Alabama Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Elmore County

Date US
Median
Alabama
Median
Elmore County AL
Median
Elmore County AL
Average
2017 $1,012 $750 $919 $812
2016 $996 $755 $825 $785
2015 $987 $750 $839 $736
2014 $956 $734 $767 $691
2013 $924 $709 $822 $759
2012 $912 $711 $803 $805
2011 $912 $720 $762 $687
2010 $927 $723 $918 $774
2009 $931 $726 $748 $632
2008 $947 $725 $712 $709
2007 $899 $685 $743 $563
2006 $909 $682 $800 $674

Elmore County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Elmore County Alabama was 6.68% according to Census ACS data.

Rental Vacancy Rate in Elmore County Alabama

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alabama 10.99% +0.65% +0.62%
Elmore County AL

Trends in Elmore County AL Rental Vacancy Rate

The rental vacancy rate in Elmore County peaked in 2015 at 8.66%. Since then it has fallen by 1.98% to 6.68%. Data records for this series originated in 2005.

Rental Vacancy Rate: Elmore County AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Elmore County

Date US Alabama Elmore County AL
2017 6.18% 10.99%
2016 5.89% 10.34% 6.68%
2015 5.85% 9.72% 8.66%
2014 6.32% 10.37%
2013 6.49% 9.17%
2012 6.77% 7.79% 7.68%
2011 7.40% 8.30%
2010 8.17% 9.64%
2009 8.43% 10.33% 6.87%
2008 7.86% 9.73%
2007 7.87% 9.25%
2006 7.70% 8.72%

Rent as a Fraction of Income

Using median household income data for Elmore County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Elmore County, median monthly gross rent as a fraction of median household income was 18.21% in 2017 according to the ACS.

Elmore County Alabama Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Alabama 18.70% -0.57% -1.39%
Elmore County AL 18.21% -0.32% +2.02%

Trends in Elmore County AL Rent as a Fraction of Income

The fraction of median Elmore County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 19.46%. Since then it has fallen by 1.25% to 18.21%.

Fraction of Income towards Rent: Elmore County AL, Alabama, US

Percent of median household income going towards median monthly gross rent in Elmore County Alabama

Historical Data for Annual Rent as a Fraction of Income in Elmore County Alabama

Date US Alabama Elmore County AL
2017 20.13% 18.70% 18.21%
2016 20.43% 19.27% 18.53%
2015 20.63% 19.54% 18.63%
2014 20.89% 20.09% 16.19%
2013 20.78% 19.44% 19.05%
2012 20.65% 19.89% 17.51%
2011 20.70% 19.91% 15.20%
2010 20.50% 19.78% 19.46%
2009 20.12% 19.47% 15.89%
2008 19.00% 17.75% 13.63%
2007 18.66% 17.78% 15.81%
2006 18.90% 17.73% 15.43%

Renter Fraction in Elmore County Alabama

You can calculate the renter fraction in Elmore County 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 Elmore County as a fraction of total Elmore County households. In 2017 27.28% of households were renters according to Census ACS data.

Elmore County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Alabama 31.95% +0.40% -0.37%
Elmore County AL 27.28% -1.64% +6.84%

Trends in the Elmore County AL Renter Fraction

The Elmore County household renter fraction peaked in in 2013 at 29.98% and is now 2.70% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Elmore County AL, Alabama, US

Fraction of renters in Elmore County

History of Elmore County Renter Fraction

Date US Alabama Elmore County AL
2017 36.13% 31.95% 27.28%
2016 36.88% 31.55% 28.92%
2015 36.97% 32.11% 27.86%
2014 36.90% 32.32% 20.44%
2013 36.50% 31.96% 29.98%
2012 36.09% 31.25% 23.15%
2011 35.42% 30.11% 20.90%
2010 34.65% 29.88% 22.02%
2009 34.13% 30.42% 22.05%
2008 33.36% 29.01% 21.94%
2007 32.80% 29.10% 23.29%
2006 32.73% 28.22% 18.53%

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.