Department of Numbers

Nevada County California Residential Rent and Rental Statistics

The median monthly gross residential rent in Nevada County CA was $1,184 in 2017 according to the Census ACS survey.1 Average gross rent in Nevada County was $1,119 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 Nevada County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Nevada 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%
Nevada County CA Median Gross Rent $1,184 -4.44% +0.17%

Nevada County CA Real Gross Rent Trends

Median gross rent for Nevada County peaked in real terms in 2009 at $1,311 and is now $127 (9.69%) lower. From a recent low of 1058.0 in 2010, real median gross rent has now increased by $126 (11.91%). Average gross rent for Nevada County peaked in real terms in 2009 at $1,321 and is now $202 (15.29%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Nevada County

Date US
Median
California
Median
Nevada County CA
Median
Nevada County CA
Average
2017 $1,012 $1,447 $1,184 $1,119
2016 $996 $1,396 $1,239 $1,285
2015 $987 $1,349 $1,189 $1,160
2014 $956 $1,298 $1,182 $1,156
2013 $924 $1,250 $1,289 $1,184
2012 $912 $1,238 $1,285 $1,185
2011 $912 $1,230 $1,147 $1,199
2010 $927 $1,260 $1,058 $1,131
2009 $931 $1,277 $1,311 $1,321
2008 $947 $1,304 $1,123 $1,164
2007 $899 $1,228 $1,227 $1,297
2006 $909 $1,225 $1,309 $1,314

Nevada County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Nevada County California was 8.41% according to Census ACS data.

Rental Vacancy Rate in Nevada County California

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

Trends in Nevada County CA Rental Vacancy Rate

The rental vacancy rate in Nevada County peaked in 2007 at 10.04%. Since then it has fallen by 1.63% to 8.41%. Data records for this series originated in 2005.

Rental Vacancy Rate: Nevada County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Nevada County

Date US California Nevada County CA
2017 6.18% 3.49%
2016 5.89% 3.31%
2015 5.85% 3.33%
2014 6.32% 3.90%
2013 6.49% 4.22% 8.41%
2012 6.77% 4.51% 6.24%
2011 7.40% 4.94%
2010 8.17% 5.86%
2009 8.43% 5.76%
2008 7.86% 4.71%
2007 7.87% 4.72% 10.04%
2006 7.70% 4.67% 6.12%

Rent as a Fraction of Income

Using median household income data for Nevada County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nevada County, median monthly gross rent as a fraction of median household income was 21.73% in 2017 according to the ACS.

Nevada 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%
Nevada County CA 21.73% -3.07% -2.60%

Trends in Nevada County CA Rent as a Fraction of Income

The fraction of median Nevada County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 27.79%. Since then it has fallen by 6.06% to 21.73%.

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

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

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

Date US California Nevada County CA
2017 20.13% 24.18% 21.73%
2016 20.43% 24.36% 24.80%
2015 20.63% 24.39% 25.60%
2014 20.89% 24.57% 24.33%
2013 20.78% 24.40% 27.61%
2012 20.65% 24.69% 27.79%
2011 20.70% 24.59% 24.30%
2010 20.50% 24.18% 21.51%
2009 20.12% 23.52% 24.59%
2008 19.00% 22.32% 22.06%
2007 18.66% 21.58% 21.85%
2006 18.90% 21.80% 26.02%

Renter Fraction in Nevada County California

You can calculate the renter fraction in Nevada 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 Nevada County as a fraction of total Nevada County households. In 2017 24.28% of households were renters according to Census ACS data.

Nevada 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%
Nevada County CA 24.28% -1.11% -0.25%

Trends in the Nevada County CA Renter Fraction

The Nevada County household renter fraction peaked in in 2010 at 30.78% and is now 6.50% below that level. The origin year for the series is 2005.

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

Fraction of renters in Nevada County

History of Nevada County Renter Fraction

Date US California Nevada County CA
2017 36.13% 45.21% 24.28%
2016 36.88% 46.36% 25.39%
2015 36.97% 46.41% 28.21%
2014 36.90% 46.27% 24.53%
2013 36.50% 46.21% 27.87%
2012 36.09% 45.97% 28.98%
2011 35.42% 45.12% 26.60%
2010 34.65% 44.36% 30.78%
2009 34.13% 43.43% 23.66%
2008 33.36% 42.95% 29.75%
2007 32.80% 42.00% 28.61%
2006 32.73% 41.55% 25.96%

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.