Department of Numbers

Cochise County Arizona Residential Rent and Rental Statistics

The median monthly gross residential rent in Cochise County AZ was $807 in 2017 according to the Census ACS survey.1 Average gross rent in Cochise County was $806 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 Cochise County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cochise County Arizona (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Arizona Median Gross Rent $1,020 +2.93% +8.74%
Cochise County AZ Median Gross Rent $807 +2.93% +0.62%

Cochise County AZ Real Gross Rent Trends

Median gross rent for Cochise County peaked in real terms in 2009 at $821 and is now $14 (1.71%) lower. Average gross rent for Cochise County peaked in real terms in 2007 at $837 and is now $31 (3.70%) lower.

Real Gross Rent: Cochise County AZ Median, Cochise County AZ Average, Arizona Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cochise County

Date US
Median
Arizona
Median
Cochise County AZ
Median
Cochise County AZ
Average
2017 $1,012 $1,020 $807 $806
2016 $996 $991 $784 $739
2015 $987 $960 $768 $732
2014 $956 $938 $802 $788
2013 $924 $909 $819 $810
2012 $912 $916 $755 $781
2011 $912 $890 $794 $798
2010 $927 $915 $820 $834
2009 $931 $950 $821 $731
2008 $947 $995 $802 $756
2007 $899 $933 $782 $837
2006 $909 $907 $723 $710

Cochise 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 Cochise County Arizona was 8.64% according to Census ACS data.

Rental Vacancy Rate in Cochise County Arizona

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arizona 5.99% -0.42% -2.12%
Cochise County AZ 8.64% -2.57% -9.51%

Trends in Cochise County AZ Rental Vacancy Rate

The rental vacancy rate in Cochise County peaked in 2011 at 20.73%. Since then it has fallen by 12.09% to 8.64%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cochise County AZ, Arizona, US

Rental vacancy rate in Arizona

Historical Rental Vacancy Rate data for Cochise County

Date US Arizona Cochise County AZ
2017 6.18% 5.99% 8.64%
2016 5.89% 6.41% 11.21%
2015 5.85% 7.72% 16.08%
2014 6.32% 8.11% 18.15%
2013 6.49% 8.89% 15.82%
2012 6.77% 9.01% 10.76%
2011 7.40% 10.21% 20.73%
2010 8.17% 11.07% 8.19%
2009 8.43% 12.62% 11.07%
2008 7.86% 11.33% 10.25%
2007 7.87% 9.22% 9.87%
2006 7.70% 8.18% 11.23%

Rent as a Fraction of Income

Using median household income data for Cochise County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cochise County, median monthly gross rent as a fraction of median household income was 18.69% in 2017 according to the ACS.

Cochise County Arizona Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Arizona 21.63% -0.24% -0.32%
Cochise County AZ 18.69% -1.67% -1.88%

Trends in Cochise County AZ Rent as a Fraction of Income

The fraction of median Cochise County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 22.24%. Since then it has fallen by 3.55% to 18.69%.

Fraction of Income towards Rent: Cochise County AZ, Arizona, US

Percent of median household income going towards median monthly gross rent in Cochise County Arizona

Historical Data for Annual Rent as a Fraction of Income in Cochise County Arizona

Date US Arizona Cochise County AZ
2017 20.13% 21.63% 18.69%
2016 20.43% 21.87% 20.36%
2015 20.63% 21.74% 20.68%
2014 20.89% 21.95% 20.57%
2013 20.78% 22.02% 20.63%
2012 20.65% 22.28% 20.31%
2011 20.70% 21.84% 22.24%
2010 20.50% 21.65% 20.09%
2009 20.12% 21.15% 19.51%
2008 19.00% 20.39% 18.80%
2007 18.66% 19.70% 18.50%
2006 18.90% 19.35% 18.96%

Renter Fraction in Cochise County Arizona

You can calculate the renter fraction in Cochise 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 Cochise County as a fraction of total Cochise County households. In 2017 30.35% of households were renters according to Census ACS data.

Cochise County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Arizona 35.28% -1.48% -3.58%
Cochise County AZ 30.35% -3.49% -2.59%

Trends in the Cochise County AZ Renter Fraction

The Cochise County household renter fraction peaked in in 2012 at 33.84% and is now 3.49% below that level. From a recent low of 29.58% in 2013, the household based renter fraction has now grown by 0.77%. The origin year for the series is 2005.

Fraction of Renting Households: Cochise County AZ, Arizona, US

Fraction of renters in Cochise County

History of Cochise County Renter Fraction

Date US Arizona Cochise County AZ
2017 36.13% 35.28% 30.35%
2016 36.88% 36.76% 33.84%
2015 36.97% 38.09% 32.36%
2014 36.90% 38.86% 32.94%
2013 36.50% 37.94% 29.58%
2012 36.09% 37.44% 33.84%
2011 35.42% 36.27% 30.06%
2010 34.65% 34.75% 32.45%
2009 34.13% 32.94% 29.77%
2008 33.36% 31.88% 31.10%
2007 32.80% 31.91% 30.18%
2006 32.73% 31.55% 29.75%

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.