Department of Numbers

Coconino County Arizona Residential Rent and Rental Statistics

The median monthly gross residential rent in Coconino County AZ was $1,215 in 2017 according to the Census ACS survey.1 Average gross rent in Coconino County was $1,105 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 Coconino County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Coconino 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%
Coconino County AZ Median Gross Rent $1,215 +21.87% +22.48%

Coconino County AZ Real Gross Rent Trends

At $1,215, real median gross rent in Coconino County was at its highest level in 2017 since the series began in 2005. At $1,105, real average gross rent in Coconino County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Coconino County

Date US
Median
Arizona
Median
Coconino County AZ
Median
Coconino County AZ
Average
2017 $1,012 $1,020 $1,215 $1,105
2016 $996 $991 $997 $928
2015 $987 $960 $1,125 $1,055
2014 $956 $938 $992 $957
2013 $924 $909 $1,082 $1,047
2012 $912 $916 $1,010 $982
2011 $912 $890 $958 $889
2010 $927 $915 $1,038 $961
2009 $931 $950 $1,027 $1,022
2008 $947 $995 $1,004 $911
2007 $899 $933 $984 $966
2006 $909 $907 $899 $897

Coconino 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 Coconino County Arizona was 6.71% according to Census ACS data.

Rental Vacancy Rate in Coconino County Arizona

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Arizona 5.99% -0.42% -2.12%
Coconino County AZ 6.71% -2.48% +1.10%

Trends in Coconino County AZ Rental Vacancy Rate

The rental vacancy rate in Coconino County peaked in 2016 at 9.19%. Since then it has fallen by 2.48% to 6.71%. Data records for this series originated in 2005.

Rental Vacancy Rate: Coconino County AZ, Arizona, US

Rental vacancy rate in Arizona

Historical Rental Vacancy Rate data for Coconino County

Date US Arizona Coconino County AZ
2017 6.18% 5.99% 6.71%
2016 5.89% 6.41% 9.19%
2015 5.85% 7.72% 8.47%
2014 6.32% 8.11% 5.61%
2013 6.49% 8.89% 5.35%
2012 6.77% 9.01% 5.17%
2011 7.40% 10.21% 6.86%
2010 8.17% 11.07% 4.85%
2009 8.43% 12.62% 6.22%
2008 7.86% 11.33% 4.20%
2007 7.87% 9.22% 3.55%
2006 7.70% 8.18% 6.89%

Rent as a Fraction of Income

Using median household income data for Coconino County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Coconino County, median monthly gross rent as a fraction of median household income was 26.56% in 2017 according to the ACS.

Coconino 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%
Coconino County AZ 26.56% +5.17% +3.19%

Trends in Coconino County AZ Rent as a Fraction of Income

The fraction of median Coconino County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 27.29%. Since then it has fallen by 0.73% to 26.56%.

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

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

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

Date US Arizona Coconino County AZ
2017 20.13% 21.63% 26.56%
2016 20.43% 21.87% 21.39%
2015 20.63% 21.74% 24.68%
2014 20.89% 21.95% 23.37%
2013 20.78% 22.02% 25.10%
2012 20.65% 22.28% 25.74%
2011 20.70% 21.84% 24.38%
2010 20.50% 21.65% 27.29%
2009 20.12% 21.15% 21.96%
2008 19.00% 20.39% 22.12%
2007 18.66% 19.70% 20.89%
2006 18.90% 19.35% 20.82%

Renter Fraction in Coconino County Arizona

You can calculate the renter fraction in Coconino 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 Coconino County as a fraction of total Coconino County households. In 2017 38.74% of households were renters according to Census ACS data.

Coconino 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%
Coconino County AZ 38.74% -1.22% -0.90%

Trends in the Coconino County AZ Renter Fraction

The Coconino County household renter fraction peaked in in 2013 at 43.03% and is now 4.29% below that level. The origin year for the series is 2005.

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

Fraction of renters in Coconino County

History of Coconino County Renter Fraction

Date US Arizona Coconino County AZ
2017 36.13% 35.28% 38.74%
2016 36.88% 36.76% 39.96%
2015 36.97% 38.09% 38.90%
2014 36.90% 38.86% 39.64%
2013 36.50% 37.94% 43.03%
2012 36.09% 37.44% 39.79%
2011 35.42% 36.27% 38.60%
2010 34.65% 34.75% 38.42%
2009 34.13% 32.94% 41.88%
2008 33.36% 31.88% 37.99%
2007 32.80% 31.91% 35.84%
2006 32.73% 31.55% 39.44%

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.