Department of Numbers

Talladega County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Talladega County AL was $538 in 2017 according to the Census ACS survey.1 Average gross rent in Talladega County was $528 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 Talladega County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Talladega 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%
Talladega County AL Median Gross Rent $538 -26.20% -12.66%

Talladega County AL Real Gross Rent Trends

Median gross rent for Talladega County peaked in real terms in 2016 at $729 and is now $191 (26.20%) lower. Average gross rent for Talladega County peaked in real terms in 2016 at $626 and is now $98 (15.65%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Talladega County

Date US
Median
Alabama
Median
Talladega County AL
Median
Talladega County AL
Average
2017 $1,012 $750 $538 $528
2016 $996 $755 $729 $626
2015 $987 $750 $580 $559
2014 $956 $734 $616 $532
2013 $924 $709 $539 $494
2012 $912 $711 $600 $530
2011 $912 $720 $608 $488
2010 $927 $723 $671 $520
2009 $931 $726 $617 $528
2008 $947 $725 $624 $561
2007 $899 $685 $561 $508
2006 $909 $682 $615 $524

Talladega 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 Talladega County Alabama was 4.39% according to Census ACS data.

Rental Vacancy Rate in Talladega County Alabama

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alabama 10.99% +0.65% +0.62%
Talladega County AL 4.39% -8.03% -5.54%

Trends in Talladega County AL Rental Vacancy Rate

The rental vacancy rate in Talladega County peaked in 2006 at 14.17%. Since then it has fallen by 9.78% to 4.39%. Data records for this series originated in 2005. From a 2015 post peak low of 2.40%, the rental vacancy rate has increased by 1.99%.

Rental Vacancy Rate: Talladega County AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Talladega County

Date US Alabama Talladega County AL
2017 6.18% 10.99% 4.39%
2016 5.89% 10.34% 12.42%
2015 5.85% 9.72% 2.40%
2014 6.32% 10.37% 9.93%
2013 6.49% 9.17% 5.85%
2012 6.77% 7.79% 7.12%
2011 7.40% 8.30% 4.61%
2010 8.17% 9.64% 8.32%
2009 8.43% 10.33% 9.29%
2008 7.86% 9.73% 6.60%
2007 7.87% 9.25%
2006 7.70% 8.72% 14.17%

Rent as a Fraction of Income

Using median household income data for Talladega County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Talladega County, median monthly gross rent as a fraction of median household income was 16.25% in 2017 according to the ACS.

Talladega 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%
Talladega County AL 16.25% -5.62% -1.82%

Trends in Talladega County AL Rent as a Fraction of Income

The fraction of median Talladega County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.92%. Since then it has fallen by 6.67% to 16.25%.

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

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

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

Date US Alabama Talladega County AL
2017 20.13% 18.70% 16.25%
2016 20.43% 19.27% 21.87%
2015 20.63% 19.54% 19.65%
2014 20.89% 20.09% 18.07%
2013 20.78% 19.44% 16.80%
2012 20.65% 19.89% 22.14%
2011 20.70% 19.91% 22.92%
2010 20.50% 19.78% 21.54%
2009 20.12% 19.47% 18.33%
2008 19.00% 17.75% 19.26%
2007 18.66% 17.78% 15.02%
2006 18.90% 17.73% 18.41%

Renter Fraction in Talladega County Alabama

You can calculate the renter fraction in Talladega 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 Talladega County as a fraction of total Talladega County households. In 2017 31.79% of households were renters according to Census ACS data.

Talladega 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%
Talladega County AL 31.79% +8.90% +4.14%

Trends in the Talladega County AL Renter Fraction

The Talladega County household renter fraction peaked in in 2011 at 34.50% and is now 2.71% below that level. From a recent low of 22.89% in 2016, the household based renter fraction has now grown by 8.90%. The origin year for the series is 2005.

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

Fraction of renters in Talladega County

History of Talladega County Renter Fraction

Date US Alabama Talladega County AL
2017 36.13% 31.95% 31.79%
2016 36.88% 31.55% 22.89%
2015 36.97% 32.11% 32.51%
2014 36.90% 32.32% 27.65%
2013 36.50% 31.96% 24.91%
2012 36.09% 31.25% 29.51%
2011 35.42% 30.11% 34.50%
2010 34.65% 29.88% 32.15%
2009 34.13% 30.42% 27.79%
2008 33.36% 29.01% 31.14%
2007 32.80% 29.10% 27.42%
2006 32.73% 28.22% 23.27%

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.