Department of Numbers

Tuscaloosa Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Tuscaloosa, AL (the Tuscaloosa metro area) was $825 in 2017 according to the Census ACS survey.1 Average gross rent in Tuscaloosa was $755 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 Tuscaloosa median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Tuscaloosa 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%
Tuscaloosa, AL Median Gross Rent $825 +4.83% +2.10%

Tuscaloosa, AL Real Gross Rent Trends

At $825, real median gross rent in Tuscaloosa was at its highest level in 2017 since the series began in 2005. Average gross rent for Tuscaloosa peaked in real terms in 2016 at $770 and is now $15 (1.95%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tuscaloosa

Date US
Median
Alabama
Median
Tuscaloosa, AL
Median
Tuscaloosa, AL
Average
2017 $1,012 $750 $825 $755
2016 $996 $755 $787 $770
2015 $987 $750 $800 $758
2014 $956 $734 $808 $744
2013 $924 $709 $737 $710
2012 $912 $711 $691 $674
2011 $912 $720 $791 $752
2010 $927 $723 $800 $769
2009 $931 $726 $742 $681
2008 $947 $725 $809 $752
2007 $899 $685 $718 $702
2006 $909 $682 $680 $593

Tuscaloosa 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 Tuscaloosa Alabama was 5.62% according to Census ACS data.

Rental Vacancy Rate in Tuscaloosa Alabama

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alabama 10.99% +0.65% +0.62%
Tuscaloosa, AL 5.62% +1.49% +0.15%

Trends in Tuscaloosa, AL Rental Vacancy Rate

The rental vacancy rate in Tuscaloosa peaked in 2009 at 21.07%. Since then it has fallen by 15.45% to 5.62%. Data records for this series originated in 2005.

Rental Vacancy Rate: Tuscaloosa AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Tuscaloosa

Date US Alabama Tuscaloosa, AL
2017 6.18% 10.99% 5.62%
2016 5.89% 10.34% 4.13%
2015 5.85% 9.72% 5.83%
2014 6.32% 10.37% 5.47%
2013 6.49% 9.17% 6.34%
2012 6.77% 7.79% 7.07%
2011 7.40% 8.30% 5.27%
2010 8.17% 9.64% 13.55%
2009 8.43% 10.33% 21.07%
2008 7.86% 9.73% 16.62%
2007 7.87% 9.25% 5.75%
2006 7.70% 8.72% 2.24%

Rent as a Fraction of Income

Using median household income data for Tuscaloosa, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tuscaloosa, median monthly gross rent as a fraction of median household income was 19.35% in 2017 according to the ACS.

Tuscaloosa 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%
Tuscaloosa, AL 19.35% -0.83% -2.10%

Trends in Tuscaloosa, AL Rent as a Fraction of Income

The fraction of median Tuscaloosa household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.39%. Since then it has fallen by 3.04% to 19.35%. From a 2013 low of 19.30%, the fraction of income going to rent has increased by 0.05%.

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

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

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

Date US Alabama Tuscaloosa, AL
2017 20.13% 18.70% 19.35%
2016 20.43% 19.27% 20.18%
2015 20.63% 19.54% 20.09%
2014 20.89% 20.09% 21.45%
2013 20.78% 19.44% 19.30%
2012 20.65% 19.89% 20.75%
2011 20.70% 19.91% 22.39%
2010 20.50% 19.78% 21.58%
2009 20.12% 19.47% 20.12%
2008 19.00% 17.75% 20.91%
2007 18.66% 17.78% 19.37%
2006 18.90% 17.73% 19.30%

Renter Fraction in Tuscaloosa Alabama

You can calculate the renter fraction in Tuscaloosa 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 Tuscaloosa as a fraction of total Tuscaloosa households. In 2017 35.13% of households were renters according to Census ACS data.

Tuscaloosa 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%
Tuscaloosa, AL 35.13% -1.46% -0.43%

Trends in the Tuscaloosa, AL Renter Fraction

The Tuscaloosa household renter fraction peaked in in 2005 at 38.07% and is now 2.94% below that level. From a recent low of 33.51% in 2010, the household based renter fraction has now grown by 1.62%. The origin year for the series is 2005.

Fraction of Renting Households: Tuscaloosa AL, Alabama, US

Fraction of renters in Tuscaloosa

History of Tuscaloosa Renter Fraction

Date US Alabama Tuscaloosa, AL
2017 36.13% 31.95% 35.13%
2016 36.88% 31.55% 36.59%
2015 36.97% 32.11% 35.67%
2014 36.90% 32.32% 35.56%
2013 36.50% 31.96% 35.69%
2012 36.09% 31.25% 34.66%
2011 35.42% 30.11% 34.08%
2010 34.65% 29.88% 33.51%
2009 34.13% 30.42% 36.17%
2008 33.36% 29.01% 36.15%
2007 32.80% 29.10% 35.46%
2006 32.73% 28.22% 37.66%

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.