Department of Numbers

Madera County California Residential Rent and Rental Statistics

The median monthly gross residential rent in Madera County CA was $994 in 2017 according to the Census ACS survey.1 Average gross rent in Madera County was $958 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 Madera County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Madera 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%
Madera County CA Median Gross Rent $994 +2.58% +4.52%

Madera County CA Real Gross Rent Trends

Median gross rent for Madera County peaked in real terms in 2008 at $1,038 and is now $44 (4.24%) lower. Average gross rent for Madera County peaked in real terms in 2006 at $969 and is now $11 (1.14%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Madera County

Date US
Median
California
Median
Madera County CA
Median
Madera County CA
Average
2017 $1,012 $1,447 $994 $958
2016 $996 $1,396 $969 $945
2015 $987 $1,349 $974 $894
2014 $956 $1,298 $951 $894
2013 $924 $1,250 $989 $901
2012 $912 $1,238 $911 $885
2011 $912 $1,230 $824 $799
2010 $927 $1,260 $950 $896
2009 $931 $1,277 $913 $884
2008 $947 $1,304 $1,038 $967
2007 $899 $1,228 $865 $831
2006 $909 $1,225 $938 $969

Madera 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 Madera County California was 2.18% according to Census ACS data.

Rental Vacancy Rate in Madera County California

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
California 3.49% +0.18% -0.41%
Madera County CA 2.18% -5.27% -0.49%

Trends in Madera County CA Rental Vacancy Rate

The rental vacancy rate in Madera County peaked in 2012 at 9.63%. Since then it has fallen by 7.45% to 2.18%. Data records for this series originated in 2005.

Rental Vacancy Rate: Madera County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Madera County

Date US California Madera County CA
2017 6.18% 3.49% 2.18%
2016 5.89% 3.31% 7.45%
2015 5.85% 3.33%
2014 6.32% 3.90% 2.67%
2013 6.49% 4.22% 3.65%
2012 6.77% 4.51% 9.63%
2011 7.40% 4.94% 3.27%
2010 8.17% 5.86% 6.30%
2009 8.43% 5.76% 3.88%
2008 7.86% 4.71% 4.85%
2007 7.87% 4.72% 4.83%
2006 7.70% 4.67% 1.18%

Rent as a Fraction of Income

Using median household income data for Madera County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Madera County, median monthly gross rent as a fraction of median household income was 23.26% in 2017 according to the ACS.

Madera 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%
Madera County CA 23.26% +1.10% -3.01%

Trends in Madera County CA Rent as a Fraction of Income

The fraction of median Madera County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 29.22%. Since then it has fallen by 5.96% to 23.26%.

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

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

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

Date US California Madera County CA
2017 20.13% 24.18% 23.26%
2016 20.43% 24.36% 22.16%
2015 20.63% 24.39% 24.10%
2014 20.89% 24.57% 26.27%
2013 20.78% 24.40% 29.22%
2012 20.65% 24.69% 25.21%
2011 20.70% 24.59% 20.28%
2010 20.50% 24.18% 21.80%
2009 20.12% 23.52% 22.46%
2008 19.00% 22.32% 22.89%
2007 18.66% 21.58% 20.25%
2006 18.90% 21.80% 24.20%

Renter Fraction in Madera County California

You can calculate the renter fraction in Madera 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 Madera County as a fraction of total Madera County households. In 2017 31.26% of households were renters according to Census ACS data.

Madera 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%
Madera County CA 31.26% -8.93% -7.40%

Trends in the Madera County CA Renter Fraction

The Madera County household renter fraction peaked in in 2013 at 42.60% and is now 11.34% below that level. The origin year for the series is 2005.

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

Fraction of renters in Madera County

History of Madera County Renter Fraction

Date US California Madera County CA
2017 36.13% 45.21% 31.26%
2016 36.88% 46.36% 40.19%
2015 36.97% 46.41% 38.20%
2014 36.90% 46.27% 38.66%
2013 36.50% 46.21% 42.60%
2012 36.09% 45.97% 40.16%
2011 35.42% 45.12% 39.35%
2010 34.65% 44.36% 39.63%
2009 34.13% 43.43% 36.06%
2008 33.36% 42.95% 40.38%
2007 32.80% 42.00% 37.65%
2006 32.73% 41.55% 38.95%

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.