Department of Numbers

El Dorado County California Residential Rent and Rental Statistics

The median monthly gross residential rent in El Dorado County CA was $1,225 in 2017 according to the Census ACS survey.1 Average gross rent in El Dorado County was $1,293 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 El Dorado County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in El Dorado County California (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
California Median Gross Rent $1,447 +3.65% +11.48%
El Dorado County CA Median Gross Rent $1,225 -1.21% +17.56%

El Dorado County CA Real Gross Rent Trends

Median gross rent for El Dorado County peaked in real terms in 2016 at $1,240 and is now $15 (1.21%) lower. At $1,293, real average gross rent in El Dorado County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: El Dorado County CA Median, El Dorado County CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for El Dorado County

Date US
Median
California
Median
El Dorado County CA
Median
El Dorado County CA
Average
2017 $1,012 $1,447 $1,225 $1,293
2016 $996 $1,396 $1,240 $1,246
2015 $987 $1,349 $1,152 $1,197
2014 $956 $1,298 $1,042 $1,091
2013 $924 $1,250 $1,040 $1,057
2012 $912 $1,238 $1,128 $1,223
2011 $912 $1,230 $1,040 $1,107
2010 $927 $1,260 $1,190 $1,192
2009 $931 $1,277 $1,230 $1,200
2008 $947 $1,304 $1,204 $1,278
2007 $899 $1,228 $1,100 $1,182
2006 $909 $1,225 $1,203 $1,149

El Dorado 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 El Dorado County California was 3.88% according to Census ACS data.

Rental Vacancy Rate in El Dorado County California

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
California 3.49% +0.18% -0.41%
El Dorado County CA 3.88% -1.38% -3.44%

Trends in El Dorado County CA Rental Vacancy Rate

The rental vacancy rate in El Dorado County peaked in 2011 at 12.35%. Since then it has fallen by 8.47% to 3.88%. Data records for this series originated in 2005.

Rental Vacancy Rate: El Dorado County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for El Dorado County

Date US California El Dorado County CA
2017 6.18% 3.49% 3.88%
2016 5.89% 3.31% 5.26%
2015 5.85% 3.33% 5.03%
2014 6.32% 3.90% 7.32%
2013 6.49% 4.22% 5.34%
2012 6.77% 4.51% 11.04%
2011 7.40% 4.94% 12.35%
2010 8.17% 5.86% 10.82%
2009 8.43% 5.76% 9.48%
2008 7.86% 4.71% 8.15%
2007 7.87% 4.72% 8.03%
2006 7.70% 4.67% 7.55%

Rent as a Fraction of Income

Using median household income data for El Dorado County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For El Dorado County, median monthly gross rent as a fraction of median household income was 18.51% in 2017 according to the ACS.

El Dorado County California Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
California 24.18% -0.18% -0.39%
El Dorado County CA 18.51% -0.83% +1.33%

Trends in El Dorado County CA Rent as a Fraction of Income

The fraction of median El Dorado County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 19.92%. Since then it has fallen by 1.41% to 18.51%. From a 2015 low of 17.01%, the fraction of income going to rent has increased by 1.50%.

Fraction of Income towards Rent: El Dorado County CA, California, US

Percent of median household income going towards median monthly gross rent in El Dorado County California

Historical Data for Annual Rent as a Fraction of Income in El Dorado County California

Date US California El Dorado County CA
2017 20.13% 24.18% 18.51%
2016 20.43% 24.36% 19.34%
2015 20.63% 24.39% 17.01%
2014 20.89% 24.57% 17.18%
2013 20.78% 24.40% 19.91%
2012 20.65% 24.69% 18.74%
2011 20.70% 24.59% 19.51%
2010 20.50% 24.18% 19.92%
2009 20.12% 23.52% 18.96%
2008 19.00% 22.32% 18.59%
2007 18.66% 21.58% 18.04%
2006 18.90% 21.80% 17.19%

Renter Fraction in El Dorado County California

You can calculate the renter fraction in El Dorado 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 El Dorado County as a fraction of total El Dorado County households. In 2017 22.37% of households were renters according to Census ACS data.

El Dorado County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
California 45.21% -1.15% -1.06%
El Dorado County CA 22.37% -2.66% -0.61%

Trends in the El Dorado County CA Renter Fraction

The El Dorado County household renter fraction peaked in in 2008 at 28.81% and is now 6.44% below that level. From a recent low of 21.58% in 2015, the household based renter fraction has now grown by 0.79%. The origin year for the series is 2005.

Fraction of Renting Households: El Dorado County CA, California, US

Fraction of renters in El Dorado County

History of El Dorado County Renter Fraction

Date US California El Dorado County CA
2017 36.13% 45.21% 22.37%
2016 36.88% 46.36% 25.03%
2015 36.97% 46.41% 21.58%
2014 36.90% 46.27% 22.98%
2013 36.50% 46.21% 26.97%
2012 36.09% 45.97% 27.19%
2011 35.42% 45.12% 28.08%
2010 34.65% 44.36% 23.75%
2009 34.13% 43.43% 21.62%
2008 33.36% 42.95% 28.81%
2007 32.80% 42.00% 27.48%
2006 32.73% 41.55% 22.16%

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.