Department of Numbers

Matanuska-susitna Borough Alaska Residential Rent and Rental Statistics

The median monthly gross residential rent in Matanuska-susitna Borough AK was $1,128 in 2017 according to the Census ACS survey.1 Average gross rent in Matanuska-susitna Borough was $1,032 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 Matanuska-susitna Borough median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Matanuska-susitna Borough Alaska (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Alaska Median Gross Rent $1,201 -2.12% -0.83%
Matanuska-susitna Borough AK Median Gross Rent $1,128 +2.92% +4.16%

Matanuska-susitna Borough AK Real Gross Rent Trends

At $1,128, real median gross rent in Matanuska-susitna Borough was at its highest level in 2017 since the series began in 2005. Average gross rent for Matanuska-susitna Borough peaked in real terms in 2012 at $1,142 and is now $110 (9.63%) lower.

Real Gross Rent: Matanuska-susitna Borough AK Median, Matanuska-susitna Borough AK Average, Alaska Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Matanuska-susitna Borough

Date US
Median
Alaska
Median
Matanuska-susitna Borough AK
Median
Matanuska-susitna Borough AK
Average
2017 $1,012 $1,201 $1,128 $1,032
2016 $996 $1,227 $1,096 $1,026
2015 $987 $1,197 $1,059 $1,040
2014 $956 $1,211 $1,083 $1,084
2013 $924 $1,141 $1,024 $982
2012 $912 $1,156 $1,102 $1,142
2011 $912 $1,099 $1,103 $1,056
2010 $927 $1,063 $979 $978
2009 $931 $1,113 $935 $833
2008 $947 $1,090 $1,036 $1,019
2007 $899 $1,046 $980 $894
2006 $909 $1,052 $1,074 $967

Matanuska-susitna Borough 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 Matanuska-susitna Borough Alaska was 8.49% according to Census ACS data.

Rental Vacancy Rate in Matanuska-susitna Borough Alaska

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Alaska 8.12% +2.31% +2.23%
Matanuska-susitna Borough AK 8.49% +0.50% +3.62%

Trends in Matanuska-susitna Borough AK Rental Vacancy Rate

The rental vacancy rate in Matanuska-susitna Borough peaked in 2006 at 9.58%. Since then it has fallen by 1.09% to 8.49%. Data records for this series originated in 2005. From a 2012 post peak low of 2.63%, the rental vacancy rate has increased by 5.86%.

Rental Vacancy Rate: Matanuska-susitna Borough AK, Alaska, US

Rental vacancy rate in Alaska

Historical Rental Vacancy Rate data for Matanuska-susitna Borough

Date US Alaska Matanuska-susitna Borough AK
2017 6.18% 8.12% 8.49%
2016 5.89% 5.81% 7.99%
2015 5.85% 5.74% 7.60%
2014 6.32% 5.89% 4.87%
2013 6.49% 7.74% 4.51%
2012 6.77% 5.62% 2.63%
2011 7.40% 5.94% 7.19%
2010 8.17% 3.73% 5.52%
2009 8.43% 6.82% 8.39%
2008 7.86% 4.80% 3.62%
2007 7.87% 5.99% 3.60%
2006 7.70% 7.46% 9.58%

Rent as a Fraction of Income

Using median household income data for Matanuska-susitna Borough, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Matanuska-susitna Borough, median monthly gross rent as a fraction of median household income was 19.58% in 2017 according to the ACS.

Matanuska-susitna Borough Alaska Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Alaska 19.69% +0.73% -0.14%
Matanuska-susitna Borough AK 19.58% +0.91% +2.39%

Trends in Matanuska-susitna Borough AK Rent as a Fraction of Income

Matanuska-susitna Borough renters paid 19.58% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Matanuska-susitna Borough AK, Alaska, US

Percent of median household income going towards median monthly gross rent in Matanuska-susitna Borough Alaska

Historical Data for Annual Rent as a Fraction of Income in Matanuska-susitna Borough Alaska

Date US Alaska Matanuska-susitna Borough AK
2017 20.13% 19.69% 19.58%
2016 20.43% 18.96% 18.68%
2015 20.63% 19.03% 16.16%
2014 20.89% 19.83% 17.20%
2013 20.78% 18.56% 16.69%
2012 20.65% 19.85% 18.99%
2011 20.70% 18.56% 18.40%
2010 20.50% 18.23% 15.72%
2009 20.12% 18.05% 14.18%
2008 19.00% 16.63% 14.83%
2007 18.66% 17.12% 15.80%
2006 18.90% 17.84% 18.56%

Renter Fraction in Matanuska-susitna Borough Alaska

You can calculate the renter fraction in Matanuska-susitna Borough 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 Matanuska-susitna Borough as a fraction of total Matanuska-susitna Borough households. In 2017 22.37% of households were renters according to Census ACS data.

Matanuska-susitna Borough Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Alaska 36.45% +0.93% -1.06%
Matanuska-susitna Borough AK 22.37% -1.43% -1.84%

Trends in the Matanuska-susitna Borough AK Renter Fraction

The Matanuska-susitna Borough household renter fraction peaked in in 2011 at 25.03% and is now 2.66% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Matanuska-susitna Borough AK, Alaska, US

Fraction of renters in Matanuska-susitna Borough

History of Matanuska-susitna Borough Renter Fraction

Date US Alaska Matanuska-susitna Borough AK
2017 36.13% 36.45% 22.37%
2016 36.88% 35.52% 23.80%
2015 36.97% 36.08% 24.06%
2014 36.90% 37.51% 24.21%
2013 36.50% 36.55% 24.14%
2012 36.09% 36.65% 24.59%
2011 35.42% 36.92% 25.03%
2010 34.65% 36.06% 20.08%
2009 34.13% 34.77% 17.51%
2008 33.36% 35.05% 19.45%
2007 32.80% 36.97% 19.46%
2006 32.73% 35.51% 20.23%

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.