Department of Numbers

Huntsville Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Huntsville, AL (the Huntsville metro area) was $785 in 2016 according to the Census ACS survey.1 Average gross rent in Huntsville was $741 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Huntsville median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Huntsville Alabama (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Alabama Median Gross Rent $743 +0.54% +6.45%
Huntsville, AL Median Gross Rent $785 +2.21% +7.68%

Huntsville, AL Real Gross Rent Trends

At $785, real median gross rent in Huntsville was at its highest level in 2016 since the series began in 2005. Average gross rent for Huntsville peaked in real terms in 2013 at $757 and is now $16 (2.11%) lower.

Real Gross Rent in Huntsville: Huntsville AL Median, Huntsville AL Average, Alabama Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Huntsville

Date US
Median
Alabama
Median
Huntsville, AL
Median
Huntsville, AL
Average
2016 $981 $743 $785 $741
2015 $972 $739 $768 $751
2014 $942 $723 $724 $735
2013 $910 $698 $729 $757
2012 $898 $700 $721 $754
2011 $898 $709 $717 $743
2010 $912 $712 $735 $732
2009 $916 $715 $736 $728
2008 $932 $714 $694 $714
2007 $885 $674 $701 $678
2006 $895 $672 $674 $667
2005 $869 $639 $671 $647

Huntsville 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 Huntsville Alabama was 8.49% according to Census ACS data.

Rental Vacancy Rate in Huntsville Alabama

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Alabama 10.34% +0.62% +1.17%
Huntsville, AL 8.49% -0.95% +2.45%

Trends in Huntsville, AL Rental Vacancy Rate

The rental vacancy rate in Huntsville peaked in 2007 at 13.09%. Since then it has fallen by 4.60% to 8.49%. Data records for this series originated in 2005.

Rental Vacancy Rate: Huntsville AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Huntsville

Date US Alabama Huntsville, AL
2016 5.89% 10.34% 8.49%
2015 5.85% 9.72% 9.44%
2014 6.32% 10.37% 6.31%
2013 6.49% 9.17% 6.04%
2012 6.77% 7.79% 9.67%
2011 7.40% 8.30% 10.66%
2010 8.17% 9.64% 11.90%
2009 8.43% 10.33% 11.71%
2008 7.86% 9.73% 8.90%
2007 7.87% 9.25% 13.09%
2006 7.70% 8.72% 4.69%
2005 7.74% 9.21% 6.83%

Rent as a Fraction of Income

Using median household income data for Huntsville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Huntsville, median monthly gross rent as a fraction of median household income was 16.18% in 2016 according to the ACS.

Huntsville Alabama Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Alabama 19.27% -0.27% -0.16%
Huntsville, AL 16.18% +0.44% +0.60%

Trends in Huntsville, AL Rent as a Fraction of Income

Huntsville renters paid 16.18% of median household income towards the median monthly gross rent in 2016. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Huntsville AL, Alabama, US

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

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

Date US Alabama Huntsville, AL
2016 20.43% 19.27% 16.18%
2015 20.63% 19.54% 15.74%
2014 20.89% 20.09% 15.26%
2013 20.78% 19.44% 15.58%
2012 20.65% 19.89% 15.60%
2011 20.70% 19.91% 16.12%
2010 20.50% 19.78% 15.78%
2009 20.12% 19.47% 14.87%
2008 19.00% 17.75% 13.81%
2007 18.66% 17.78% 14.81%
2006 18.90% 17.73% 13.71%
2005 18.89% 17.41% 14.05%

Renter Fraction in Huntsville Alabama

You can calculate the renter fraction in Huntsville 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 Huntsville as a fraction of total Huntsville households. In 2016 31.11% of households were renters according to Census ACS data.

Huntsville Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Alabama 31.55% -0.56% -0.41%
Huntsville, AL 31.11% +0.01% -0.72%

Trends in the Huntsville, AL Renter Fraction

The Huntsville household renter fraction peaked in in 2013 at 31.83% and is now 0.72% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Huntsville AL, Alabama, US

Fraction of renters in Huntsville

History of Huntsville Renter Fraction

Date US Alabama Huntsville, AL
2016 36.88% 31.55% 31.11%
2015 36.97% 32.11% 31.10%
2014 36.90% 32.32% 30.46%
2013 36.50% 31.96% 31.83%
2012 36.09% 31.25% 29.94%
2011 35.42% 30.11% 29.59%
2010 34.65% 29.88% 27.29%
2009 34.13% 30.42% 28.46%
2008 33.36% 29.01% 27.26%
2007 32.80% 29.10% 28.67%
2006 32.73% 28.22% 27.64%
2005 33.10% 29.48% 29.52%

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.