Department of Numbers

Lake County California Residential Rent and Rental Statistics

The median monthly gross residential rent in Lake County CA was $937 in 2017 according to the Census ACS survey.1 Average gross rent in Lake County was $949 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 Lake County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lake 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%
Lake County CA Median Gross Rent $937 +6.00% +1.19%

Lake County CA Real Gross Rent Trends

Median gross rent for Lake County peaked in real terms in 2007 at $997 and is now $60 (6.02%) lower. From a recent low of 824.0 in 2012, real median gross rent has now increased by $113 (13.71%). Average gross rent for Lake County peaked in real terms in 2008 at $965 and is now $16 (1.66%) lower. From a recent low of 778.0 in 2015, real average gross rent has now increased by $171 (21.98%).

Real Gross Rent: Lake County CA Median, Lake County CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lake County

Date US
Median
California
Median
Lake County CA
Median
Lake County CA
Average
2017 $1,012 $1,447 $937 $949
2016 $996 $1,396 $884 $890
2015 $987 $1,349 $827 $778
2014 $956 $1,298 $926 $926
2013 $924 $1,250 $964 $911
2012 $912 $1,238 $824 $952
2011 $912 $1,230 $990 $927
2010 $927 $1,260 $913 $876
2009 $931 $1,277 $906 $890
2008 $947 $1,304 $953 $965
2007 $899 $1,228 $997 $876
2006 $909 $1,225 $984 $890

Lake County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Lake County California was 5.22% according to Census ACS data.

Rental Vacancy Rate in Lake County California

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
California 3.49% +0.18% -0.41%
Lake County CA

Trends in Lake County CA Rental Vacancy Rate

The rental vacancy rate in Lake County peaked in 2012 at 11.09%. Since then it has fallen by 5.87% to 5.22%. Data records for this series originated in 2005. From a 2013 post peak low of 4.84%, the rental vacancy rate has increased by 0.38%.

Rental Vacancy Rate: Lake County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Lake County

Date US California Lake County CA
2017 6.18% 3.49%
2016 5.89% 3.31% 5.22%
2015 5.85% 3.33% 6.49%
2014 6.32% 3.90% 5.48%
2013 6.49% 4.22% 4.84%
2012 6.77% 4.51% 11.09%
2011 7.40% 4.94%
2010 8.17% 5.86% 10.11%
2009 8.43% 5.76% 9.98%
2008 7.86% 4.71%
2007 7.87% 4.72% 10.30%
2006 7.70% 4.67%

Rent as a Fraction of Income

Using median household income data for Lake County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lake County, median monthly gross rent as a fraction of median household income was 22.98% in 2017 according to the ACS.

Lake 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%
Lake County CA 22.98% -1.86% -8.44%

Trends in Lake County CA Rent as a Fraction of Income

The fraction of median Lake County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 31.51%. Since then it has fallen by 8.53% to 22.98%.

Fraction of Income towards Rent: Lake County CA, California, US

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

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

Date US California Lake County CA
2017 20.13% 24.18% 22.98%
2016 20.43% 24.36% 24.84%
2015 20.63% 24.39% 25.87%
2014 20.89% 24.57% 31.42%
2013 20.78% 24.40% 30.55%
2012 20.65% 24.69% 28.86%
2011 20.70% 24.59% 31.51%
2010 20.50% 24.18% 28.94%
2009 20.12% 23.52% 25.01%
2008 19.00% 22.32% 24.57%
2007 18.66% 21.58% 25.64%
2006 18.90% 21.80% 26.34%

Renter Fraction in Lake County California

You can calculate the renter fraction in Lake 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 Lake County as a fraction of total Lake County households. In 2017 27.49% of households were renters according to Census ACS data.

Lake 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%
Lake County CA 27.49% -12.68% -7.84%

Trends in the Lake County CA Renter Fraction

The Lake County household renter fraction peaked in in 2011 at 41.70% and is now 14.21% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Lake County CA, California, US

Fraction of renters in Lake County

History of Lake County Renter Fraction

Date US California Lake County CA
2017 36.13% 45.21% 27.49%
2016 36.88% 46.36% 40.17%
2015 36.97% 46.41% 36.03%
2014 36.90% 46.27% 35.33%
2013 36.50% 46.21% 36.65%
2012 36.09% 45.97% 40.74%
2011 35.42% 45.12% 41.70%
2010 34.65% 44.36% 34.87%
2009 34.13% 43.43% 33.46%
2008 33.36% 42.95% 36.33%
2007 32.80% 42.00% 28.14%
2006 32.73% 41.55% 35.88%

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.