Department of Numbers

Walker County Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Walker County AL was $556 in 2017 according to the Census ACS survey.1 Average gross rent in Walker County was $481 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 Walker County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Walker 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%
Walker County AL Median Gross Rent $556 -16.01% -2.46%

Walker County AL Real Gross Rent Trends

Median gross rent for Walker County peaked in real terms in 2010 at $669 and is now $113 (16.89%) lower. Average gross rent for Walker County peaked in real terms in 2016 at $557 and is now $76 (13.64%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Walker County

Date US
Median
Alabama
Median
Walker County AL
Median
Walker County AL
Average
2017 $1,012 $750 $556 $481
2016 $996 $755 $662 $557
2015 $987 $750 $609 $476
2014 $956 $734 $570 $495
2013 $924 $709 $629 $488
2012 $912 $711 $554 $451
2011 $912 $720 $571 $429
2010 $927 $723 $669 $554
2009 $931 $726 $641 $437
2008 $947 $725 $613 $504
2007 $899 $685 $628 $476
2006 $909 $682 $534 $410

Historical Rental Vacancy Rate data for Walker County

Date US Alabama Walker County AL
2017 6.18% 10.99%
2016 5.89% 10.34%
2015 5.85% 9.72%
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%
2009 8.43% 10.33%
2008 7.86% 9.73%
2007 7.87% 9.25% 8.44%
2006 7.70% 8.72%

Rent as a Fraction of Income

Using median household income data for Walker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walker County, median monthly gross rent as a fraction of median household income was 15.90% in 2017 according to the ACS.

Walker 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%
Walker County AL 15.90% -4.13% -2.93%

Trends in Walker County AL Rent as a Fraction of Income

The fraction of median Walker County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.24%. Since then it has fallen by 5.34% to 15.90%.

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

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

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

Date US Alabama Walker County AL
2017 20.13% 18.70% 15.90%
2016 20.43% 19.27% 20.03%
2015 20.63% 19.54% 20.26%
2014 20.89% 20.09% 18.83%
2013 20.78% 19.44% 21.24%
2012 20.65% 19.89% 18.24%
2011 20.70% 19.91% 19.04%
2010 20.50% 19.78% 21.06%
2009 20.12% 19.47% 18.87%
2008 19.00% 17.75% 17.25%
2007 18.66% 17.78% 19.18%
2006 18.90% 17.73% 14.46%

Renter Fraction in Walker County Alabama

You can calculate the renter fraction in Walker 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 Walker County as a fraction of total Walker County households. In 2017 23.13% of households were renters according to Census ACS data.

Walker 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%
Walker County AL 23.13% +2.13% -3.83%

Trends in the Walker County AL Renter Fraction

The Walker County household renter fraction peaked in in 2012 at 28.63% and is now 5.50% below that level. The origin year for the series is 2005.

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

Fraction of renters in Walker County

History of Walker County Renter Fraction

Date US Alabama Walker County AL
2017 36.13% 31.95% 23.13%
2016 36.88% 31.55% 21.00%
2015 36.97% 32.11% 25.63%
2014 36.90% 32.32% 26.96%
2013 36.50% 31.96% 26.38%
2012 36.09% 31.25% 28.63%
2011 35.42% 30.11% 25.31%
2010 34.65% 29.88% 22.64%
2009 34.13% 30.42% 25.57%
2008 33.36% 29.01% 25.73%
2007 32.80% 29.10% 23.81%
2006 32.73% 28.22% 21.37%

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.