Department of Numbers

Limestone County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Limestone County AL was $728 in 2019 according to the Census ACS survey.1 Average gross rent in Limestone County was $725 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Limestone County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Limestone County Alabama (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Alabama Median Gross Rent $807 +0.62% +3.73%
Limestone County AL Median Gross Rent $728 +3.56% +6.12%

Limestone County AL Real Gross Rent Trends

Median gross rent for Limestone County peaked in real terms in 2010 at $734 and is now $6 (0.82%) lower. At $725, real average gross rent in Limestone County was at its highest level in 2019 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Limestone County

Date US
Median
Alabama
Median
Limestone County AL
Median
Limestone County AL
Average
2019 $1,097 $807 $728 $725
2018 $1,077 $802 $703 $654
2017 $1,043 $773 $618 $630
2016 $1,027 $778 $686 $619
2015 $1,017 $773 $642 $635
2014 $986 $757 $647 $611
2013 $953 $731 $593 $557
2012 $940 $733 $674 $645
2011 $941 $742 $615 $598
2010 $955 $745 $734 $703
2009 $960 $749 $614 $636

more history ...

Limestone 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 Limestone County Alabama was 4.46% according to Census ACS data.

Rental Vacancy Rate in Limestone County Alabama

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Alabama 9.69% -0.37% -0.65%
Limestone County AL

Trends in Limestone County AL Rental Vacancy Rate

The rental vacancy rate in Limestone County peaked in 2007 at 10.78%. Since then it has fallen by 6.32% to 4.46%. Data records for this series originated in 2005.

Rental Vacancy Rate: Limestone County AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Limestone County

Date US Alabama Limestone County AL
2019 5.97% 9.69%
2018 6.15% 10.06%
2017 6.18% 10.99% 4.46%
2016 5.89% 10.34% 9.89%
2015 5.85% 9.72% 9.46%
2014 6.32% 10.37%
2013 6.49% 9.17%
2012 6.77% 7.79%
2011 7.40% 8.30%
2010 8.17% 9.64% 10.42%
2009 8.43% 10.33%

more history ...

Rent as a Fraction of Income

Using median household income data for Limestone County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Limestone County, median monthly gross rent as a fraction of median household income was 13.72% in 2019 according to the ACS.

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

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Alabama 18.72% -0.25% -0.56%
Limestone County AL 13.72% +1.34% -1.74%

Trends in Limestone County AL Rent as a Fraction of Income

The fraction of median Limestone County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 15.85%. Since then it has fallen by 2.13% to 13.72%. From a 2018 low of 12.38%, the fraction of income going to rent has increased by 1.34%.

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

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

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

Date US Alabama Limestone County AL
2019 20.03% 18.72% 13.72%
2018 20.50% 18.96% 12.38%
2017 20.13% 18.70% 12.88%
2016 20.43% 19.27% 15.45%
2015 20.63% 19.54% 13.20%
2014 20.89% 20.09% 14.81%
2013 20.78% 19.44% 13.89%
2012 20.65% 19.89% 15.85%
2011 20.70% 19.91% 14.73%
2010 20.50% 19.78% 15.67%
2009 20.12% 19.47% 14.04%

more history ...

Renter Fraction in Limestone County Alabama

You can calculate the renter fraction in Limestone 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 Limestone County as a fraction of total Limestone County households. In 2019 21.41% of households were renters according to Census ACS data.

Limestone County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Alabama 31.22% -0.74% -0.33%
Limestone County AL 21.41% +0.49% -6.34%

Trends in the Limestone County AL Renter Fraction

The Limestone County household renter fraction peaked in in 2016 at 27.75% and is now 6.34% below that level. The origin year for the series is 2005.

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

Fraction of renters in Limestone County

History of Limestone County Renter Fraction

Date US Alabama Limestone County AL
2019 35.89% 31.22% 21.41%
2018 36.05% 31.96% 20.92%
2017 36.13% 31.95% 20.86%
2016 36.88% 31.55% 27.75%
2015 36.97% 32.11% 20.19%
2014 36.90% 32.32% 25.00%
2013 36.50% 31.96% 23.52%
2012 36.09% 31.25% 24.93%
2011 35.42% 30.11% 23.81%
2010 34.65% 29.88% 19.93%
2009 34.13% 30.42% 21.04%

more history ...

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.