Department of Numbers

Lee County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Lee County AL was $804 in 2017 according to the Census ACS survey.1 Average gross rent in Lee County was $858 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 Lee County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lee 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%
Lee County AL Median Gross Rent $804 -5.63% +4.96%

Lee County AL Real Gross Rent Trends

Median gross rent for Lee County peaked in real terms in 2015 at $864 and is now $60 (6.94%) lower. Average gross rent for Lee County peaked in real terms in 2015 at $858 and is now $0 (0.00%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lee County

Date US
Median
Alabama
Median
Lee County AL
Median
Lee County AL
Average
2017 $1,012 $750 $804 $858
2016 $996 $755 $852 $830
2015 $987 $750 $864 $858
2014 $956 $734 $766 $786
2013 $924 $709 $799 $782
2012 $912 $711 $804 $786
2011 $912 $720 $763 $778
2010 $927 $723 $754 $845
2009 $931 $726 $773 $768
2008 $947 $725 $762 $791
2007 $899 $685 $698 $708
2006 $909 $682 $676 $661

Lee County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Lee County Alabama was 9.27% according to Census ACS data.

Rental Vacancy Rate in Lee County Alabama

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alabama 10.99% +0.65% +0.62%
Lee County AL 9.27% +1.00% +2.94%

Trends in Lee County AL Rental Vacancy Rate

At 9.27%, Lee County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Lee County AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Lee County

Date US Alabama Lee County AL
2017 6.18% 10.99% 9.27%
2016 5.89% 10.34% 8.27%
2015 5.85% 9.72% 3.07%
2014 6.32% 10.37% 6.33%
2013 6.49% 9.17% 6.32%
2012 6.77% 7.79% 5.05%
2011 7.40% 8.30% 5.11%
2010 8.17% 9.64% 7.21%
2009 8.43% 10.33% 5.94%
2008 7.86% 9.73% 8.06%
2007 7.87% 9.25% 2.76%
2006 7.70% 8.72% 8.92%

Rent as a Fraction of Income

Using median household income data for Lee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lee County, median monthly gross rent as a fraction of median household income was 18.22% in 2017 according to the ACS.

Lee 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%
Lee County AL 18.22% -2.73% -4.25%

Trends in Lee County AL Rent as a Fraction of Income

The fraction of median Lee County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.72%. Since then it has fallen by 4.49% to 18.22%.

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

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

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

Date US Alabama Lee County AL
2017 20.13% 18.70% 18.22%
2016 20.43% 19.27% 20.95%
2015 20.63% 19.54% 21.64%
2014 20.89% 20.09% 22.48%
2013 20.78% 19.44% 20.37%
2012 20.65% 19.89% 20.75%
2011 20.70% 19.91% 20.33%
2010 20.50% 19.78% 21.21%
2009 20.12% 19.47% 22.72%
2008 19.00% 17.75% 19.04%
2007 18.66% 17.78% 18.69%
2006 18.90% 17.73% 17.75%

Renter Fraction in Lee County Alabama

You can calculate the renter fraction in Lee 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 Lee County as a fraction of total Lee County households. In 2017 36.45% of households were renters according to Census ACS data.

Lee 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%
Lee County AL 36.45% -5.05% -5.57%

Trends in the Lee County AL Renter Fraction

The Lee County household renter fraction peaked in in 2013 at 42.16% and is now 5.71% below that level. The origin year for the series is 2005.

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

Fraction of renters in Lee County

History of Lee County Renter Fraction

Date US Alabama Lee County AL
2017 36.13% 31.95% 36.45%
2016 36.88% 31.55% 41.50%
2015 36.97% 32.11% 41.93%
2014 36.90% 32.32% 42.02%
2013 36.50% 31.96% 42.16%
2012 36.09% 31.25% 37.80%
2011 35.42% 30.11% 39.28%
2010 34.65% 29.88% 36.36%
2009 34.13% 30.42% 38.90%
2008 33.36% 29.01% 34.27%
2007 32.80% 29.10% 39.79%
2006 32.73% 28.22% 35.25%

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.