Department of Numbers

Marshall County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Marshall County AL was $602 in 2017 according to the Census ACS survey.1 Average gross rent in Marshall County was $563 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 Marshall County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Marshall 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%
Marshall County AL Median Gross Rent $602 -5.94% +2.91%

Marshall County AL Real Gross Rent Trends

Median gross rent for Marshall County peaked in real terms in 2008 at $717 and is now $115 (16.04%) lower. Average gross rent for Marshall County peaked in real terms in 2008 at $618 and is now $55 (8.90%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Marshall County

Date US
Median
Alabama
Median
Marshall County AL
Median
Marshall County AL
Average
2017 $1,012 $750 $602 $563
2016 $996 $755 $640 $571
2015 $987 $750 $623 $570
2014 $956 $734 $585 $564
2013 $924 $709 $585 $539
2012 $912 $711 $551 $480
2011 $912 $720 $640 $596
2010 $927 $723 $624 $518
2009 $931 $726 $640 $536
2008 $947 $725 $717 $618
2007 $899 $685 $563 $460
2006 $909 $682 $548 $485

Marshall 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 Marshall County Alabama was 3.11% according to Census ACS data.

Rental Vacancy Rate in Marshall County Alabama

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

Trends in Marshall County AL Rental Vacancy Rate

The rental vacancy rate in Marshall County peaked in 2006 at 11.99%. Since then it has fallen by 8.88% to 3.11%. Data records for this series originated in 2005. From a 2015 post peak low of 2.99%, the rental vacancy rate has increased by 0.12%.

Rental Vacancy Rate: Marshall County AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Marshall County

Date US Alabama Marshall County AL
2017 6.18% 10.99%
2016 5.89% 10.34% 3.11%
2015 5.85% 9.72% 2.99%
2014 6.32% 10.37% 6.94%
2013 6.49% 9.17% 8.61%
2012 6.77% 7.79% 4.26%
2011 7.40% 8.30% 4.99%
2010 8.17% 9.64%
2009 8.43% 10.33% 8.02%
2008 7.86% 9.73% 10.34%
2007 7.87% 9.25%
2006 7.70% 8.72% 11.99%

Rent as a Fraction of Income

Using median household income data for Marshall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Marshall County, median monthly gross rent as a fraction of median household income was 17.42% in 2017 according to the ACS.

Marshall 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%
Marshall County AL 17.42% -0.43% -3.07%

Trends in Marshall County AL Rent as a Fraction of Income

The fraction of median Marshall County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 21.27%. Since then it has fallen by 3.85% to 17.42%.

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

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

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

Date US Alabama Marshall County AL
2017 20.13% 18.70% 17.42%
2016 20.43% 19.27% 17.85%
2015 20.63% 19.54% 17.94%
2014 20.89% 20.09% 20.49%
2013 20.78% 19.44% 18.04%
2012 20.65% 19.89% 17.70%
2011 20.70% 19.91% 18.68%
2010 20.50% 19.78% 17.57%
2009 20.12% 19.47% 18.64%
2008 19.00% 17.75% 21.27%
2007 18.66% 17.78% 17.36%
2006 18.90% 17.73% 14.91%

Renter Fraction in Marshall County Alabama

You can calculate the renter fraction in Marshall 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 Marshall County as a fraction of total Marshall County households. In 2017 30.62% of households were renters according to Census ACS data.

Marshall 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%
Marshall County AL 30.62% -2.07% -2.07%

Trends in the Marshall County AL Renter Fraction

The Marshall County household renter fraction peaked in in 2014 at 32.69% and is now 2.07% below that level. The origin year for the series is 2005.

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

Fraction of renters in Marshall County

History of Marshall County Renter Fraction

Date US Alabama Marshall County AL
2017 36.13% 31.95% 30.62%
2016 36.88% 31.55% 32.69%
2015 36.97% 32.11% 26.74%
2014 36.90% 32.32% 32.69%
2013 36.50% 31.96% 27.31%
2012 36.09% 31.25% 27.99%
2011 35.42% 30.11% 25.52%
2010 34.65% 29.88% 29.20%
2009 34.13% 30.42% 28.71%
2008 33.36% 29.01% 28.61%
2007 32.80% 29.10% 26.89%
2006 32.73% 28.22% 23.37%

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.