Maricopa County Arizona Residential Rent and Rental Statistics
The median monthly gross residential rent in Maricopa County AZ was $1,193 in 2019 according to the Census ACS survey.1 Average gross rent in Maricopa County was $1,216 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Maricopa County median and average rent data will be released in September of 2021.
Data is also available below for Maricopa County rental vacancy rates, Maricopa County rent as a percent of median income and the fraction of renters in Maricopa County.
Real Gross Rent in Maricopa County Arizona (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Arizona Median Gross Rent | $1,101 | +4.36% | +7.73% |
| Maricopa County AZ Median Gross Rent | $1,193 | +4.74% | +9.35% |
Maricopa County AZ Real Gross Rent Trends
At $1,193, real median gross rent in Maricopa County was at its highest level in 2019 since the series began in 2005. At $1,216, real average gross rent in Maricopa County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Maricopa County AZ Median, Maricopa County AZ Average, Arizona Median, US Median
Real Gross Rent History for Maricopa County
| Date | US Median |
Arizona Median |
Maricopa County AZ Median |
Maricopa County AZ Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,101 | $1,193 | $1,216 |
| 2018 | $1,077 | $1,055 | $1,139 | $1,171 |
| 2017 | $1,043 | $1,052 | $1,130 | $1,158 |
| 2016 | $1,027 | $1,022 | $1,091 | $1,127 |
| 2015 | $1,017 | $990 | $1,046 | $1,085 |
| 2014 | $986 | $967 | $1,023 | $1,067 |
| 2013 | $953 | $937 | $984 | $1,035 |
| 2012 | $940 | $945 | $996 | $1,053 |
| 2011 | $941 | $918 | $958 | $1,014 |
| 2010 | $955 | $943 | $988 | $1,052 |
| 2009 | $960 | $979 | $1,037 | $1,095 |
| 2007 | $927 | $962 | $1,035 | $1,091 |
| 2005 | $910 | $896 | $941 | $985 |
Maricopa County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Maricopa County Arizona was 4.89% according to Census ACS data.
Rental Vacancy Rate in Maricopa County Arizona
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arizona | 5.32% | -0.39% | -1.09% |
| Maricopa County AZ | 4.89% | -0.16% | -0.73% |
Trends in Maricopa County AZ Rental Vacancy Rate
The rental vacancy rate in Maricopa County peaked in 2009 at 13.30%. Since then it has fallen by 8.41% to 4.89%. Data records for this series originated in 2005.
Rental Vacancy Rate: Maricopa County AZ, Arizona, US
Historical Rental Vacancy Rate data for Maricopa County
| Date | US | Arizona | Maricopa County AZ |
|---|---|---|---|
| 2019 | 5.97% | 5.32% | 4.89% |
| 2018 | 6.15% | 5.71% | 5.05% |
| 2017 | 6.18% | 5.99% | 5.70% |
| 2016 | 5.89% | 6.41% | 5.62% |
| 2015 | 5.85% | 7.72% | 7.55% |
| 2014 | 6.32% | 8.11% | 7.79% |
| 2013 | 6.49% | 8.89% | 9.29% |
| 2012 | 6.77% | 9.01% | 9.59% |
| 2011 | 7.40% | 10.21% | 10.18% |
| 2010 | 8.17% | 11.07% | 11.72% |
| 2009 | 8.43% | 12.62% | 13.30% |
| 2007 | 7.87% | 9.22% | 9.86% |
| 2005 | 7.74% | 8.57% | 9.21% |
Rent as a Fraction of Income
Using median household income data for Maricopa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Maricopa County, median monthly gross rent as a fraction of median household income was 20.85% in 2019 according to the ACS.
Maricopa County Arizona Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Arizona | 21.29% | +0.31% | -0.58% |
| Maricopa County AZ | 20.85% | +0.28% | -0.43% |
Trends in Maricopa County AZ Rent as a Fraction of Income
The fraction of median Maricopa County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.84%. Since then it has fallen by 0.98% to 20.85%.
Fraction of Income towards Rent: Maricopa County AZ, Arizona, US
Historical Data for Annual Rent as a Fraction of Income in Maricopa County Arizona
| Date | US | Arizona | Maricopa County AZ |
|---|---|---|---|
| 2019 | 20.03% | 21.29% | 20.85% |
| 2018 | 20.50% | 20.98% | 20.58% |
| 2017 | 20.13% | 21.63% | 21.14% |
| 2016 | 20.43% | 21.87% | 21.29% |
| 2015 | 20.63% | 21.74% | 21.13% |
| 2014 | 20.89% | 21.95% | 21.57% |
| 2013 | 20.78% | 22.02% | 21.54% |
| 2012 | 20.65% | 22.28% | 21.84% |
| 2011 | 20.70% | 21.84% | 20.97% |
| 2010 | 20.50% | 21.65% | 21.04% |
| 2009 | 20.12% | 21.15% | 20.49% |
| 2007 | 18.66% | 19.70% | 19.32% |
| 2005 | 18.89% | 19.43% | 18.55% |
Renter Fraction in Maricopa County Arizona
You can calculate the renter fraction in Maricopa 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 Maricopa County as a fraction of total Maricopa County households. In 2019 36.75% of households were renters according to Census ACS data.
Maricopa County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Arizona | 34.74% | -0.45% | -2.02% |
| Maricopa County AZ | 36.75% | -0.68% | -2.76% |
Trends in the Maricopa County AZ Renter Fraction
The Maricopa County household renter fraction peaked in in 2014 at 41.13% and is now 4.38% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Maricopa County AZ, Arizona, US
History of Maricopa County Renter Fraction
| Date | US | Arizona | Maricopa County AZ |
|---|---|---|---|
| 2019 | 35.89% | 34.74% | 36.75% |
| 2018 | 36.05% | 35.19% | 37.43% |
| 2017 | 36.13% | 35.28% | 37.31% |
| 2016 | 36.88% | 36.76% | 39.51% |
| 2015 | 36.97% | 38.09% | 40.76% |
| 2014 | 36.90% | 38.86% | 41.13% |
| 2013 | 36.50% | 37.94% | 39.71% |
| 2012 | 36.09% | 37.44% | 39.60% |
| 2011 | 35.42% | 36.27% | 38.42% |
| 2010 | 34.65% | 34.75% | 36.93% |
| 2009 | 34.13% | 32.94% | 34.56% |
| 2007 | 32.80% | 31.91% | 32.00% |
| 2005 | 33.10% | 31.83% | 32.54% |
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. ↩
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