El Dorado County California Residential Rent and Rental Statistics
The median monthly gross residential rent in El Dorado County CA was $1,308 in 2019 according to the Census ACS survey.1 Average gross rent in El Dorado County was $1,349 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 El Dorado County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in El Dorado County California (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| California Median Gross Rent | $1,614 | +4.33% | +12.08% |
| El Dorado County CA Median Gross Rent | $1,308 | -4.53% | +2.27% |
El Dorado County CA Real Gross Rent Trends
Median gross rent for El Dorado County peaked in real terms in 2018 at $1,370 and is now $62 (4.53%) lower. Average gross rent for El Dorado County peaked in real terms in 2018 at $1,396 and is now $47 (3.37%) lower.
Real Gross Rent: El Dorado County CA Median, El Dorado County CA Average, California Median, US Median
Real Gross Rent History for El Dorado County
| Date | US Median |
California Median |
El Dorado County CA Median |
El Dorado County CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $1,308 | $1,349 |
| 2018 | $1,077 | $1,547 | $1,370 | $1,396 |
| 2017 | $1,043 | $1,492 | $1,263 | $1,333 |
| 2016 | $1,027 | $1,440 | $1,279 | $1,285 |
| 2015 | $1,017 | $1,391 | $1,188 | $1,234 |
| 2014 | $986 | $1,339 | $1,075 | $1,125 |
| 2013 | $953 | $1,289 | $1,072 | $1,090 |
| 2012 | $940 | $1,277 | $1,163 | $1,261 |
| 2011 | $941 | $1,268 | $1,073 | $1,142 |
| 2010 | $955 | $1,300 | $1,227 | $1,229 |
| 2009 | $960 | $1,316 | $1,269 | $1,238 |
| 2007 | $927 | $1,266 | $1,134 | $1,218 |
| 2005 | $910 | $1,216 | $1,251 | $1,289 |
El Dorado 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 El Dorado County California was 3.81% according to Census ACS data.
Rental Vacancy Rate in El Dorado County California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| El Dorado County CA | 3.81% | — | -1.45% |
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 8.54% to 3.81%. Data records for this series originated in 2005.
Rental Vacancy Rate: El Dorado County CA, California, US
Historical Rental Vacancy Rate data for El Dorado County
| Date | US | California | El Dorado County CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | 3.81% |
| 2018 | 6.15% | 3.97% | — |
| 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% |
| 2007 | 7.87% | 4.72% | 8.03% |
| 2005 | 7.74% | 4.61% | 8.61% |
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 18.03% in 2019 according to the ACS.
El Dorado County California Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| California | 24.08% | -0.15% | -0.28% |
| El Dorado County CA | 18.03% | -1.49% | -1.31% |
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 1.90% to 18.03%. From a 2015 low of 17.01%, the fraction of income going to rent has increased by 1.02%.
Fraction of Income towards Rent: El Dorado County CA, California, US
Historical Data for Annual Rent as a Fraction of Income in El Dorado County California
| Date | US | California | El Dorado County CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 18.03% |
| 2018 | 20.50% | 24.23% | 19.52% |
| 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% |
| 2007 | 18.66% | 21.58% | 18.04% |
| 2005 | 18.89% | 21.77% | 19.02% |
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 2019 26.00% of households were renters according to Census ACS data.
El Dorado County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| California | 45.14% | -0.04% | -1.22% |
| El Dorado County CA | 26.00% | +1.72% | +0.97% |
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 2.81% below that level. From a recent low of 21.58% in 2015, the household based renter fraction has now grown by 4.42%. The origin year for the series is 2005.
Fraction of Renting Households: El Dorado County CA, California, US
History of El Dorado County Renter Fraction
| Date | US | California | El Dorado County CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 26.00% |
| 2018 | 36.05% | 45.18% | 24.28% |
| 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% |
| 2007 | 32.80% | 42.00% | 27.48% |
| 2005 | 33.10% | 41.56% | 26.06% |
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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