Department of Numbers

Placer County California Residential Rent and Rental Statistics

The median monthly gross residential rent in Placer County CA was $1,640 in 2019 according to the Census ACS survey.1 Average gross rent in Placer County was $1,613 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 Placer County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Placer 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%
Placer County CA Median Gross Rent $1,640 +1.49% +11.64%

Placer County CA Real Gross Rent Trends

At $1,640, real median gross rent in Placer County was at its highest level in 2019 since the series began in 2005. At $1,613, real average gross rent in Placer County was at its highest level in 2019 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Placer County

Date US
Median
California
Median
Placer County CA
Median
Placer County CA
Average
2019 $1,097 $1,614 $1,640 $1,613
2018 $1,077 $1,547 $1,616 $1,582
2017 $1,043 $1,492 $1,562 $1,541
2016 $1,027 $1,440 $1,469 $1,477
2015 $1,017 $1,391 $1,394 $1,419
2014 $986 $1,339 $1,328 $1,419
2013 $953 $1,289 $1,391 $1,464
2012 $940 $1,277 $1,334 $1,371
2011 $941 $1,268 $1,274 $1,292
2010 $955 $1,300 $1,245 $1,323
2009 $960 $1,316 $1,315 $1,402

more history ...

Placer 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 Placer County California was 4.57% according to Census ACS data.

Rental Vacancy Rate in Placer County California

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
California 4.06% +0.09% +0.75%
Placer County CA 4.57% +0.51% -1.34%

Trends in Placer County CA Rental Vacancy Rate

The rental vacancy rate in Placer County peaked in 2005 at 9.69%. Since then it has fallen by 5.12% to 4.57%. Data records for this series originated in 2005. From a 2007 post peak low of 3.56%, the rental vacancy rate has increased by 1.01%.

Rental Vacancy Rate: Placer County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Placer County

Date US California Placer County CA
2019 5.97% 4.06% 4.57%
2018 6.15% 3.97% 4.06%
2017 6.18% 3.49% 3.57%
2016 5.89% 3.31% 5.91%
2015 5.85% 3.33% 7.23%
2014 6.32% 3.90% 7.01%
2013 6.49% 4.22% 3.83%
2012 6.77% 4.51% 5.31%
2011 7.40% 4.94% 5.78%
2010 8.17% 5.86% 7.55%
2009 8.43% 5.76% 7.67%

more history ...

Rent as a Fraction of Income

Using median household income data for Placer County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Placer County, median monthly gross rent as a fraction of median household income was 20.14% in 2019 according to the ACS.

Placer 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%
Placer County CA 20.14% -1.36% +0.43%

Trends in Placer County CA Rent as a Fraction of Income

The fraction of median Placer County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 22.52%. Since then it has fallen by 2.38% to 20.14%.

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

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

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

Date US California Placer County CA
2019 20.03% 24.08% 20.14%
2018 20.50% 24.23% 21.50%
2017 20.13% 24.18% 22.52%
2016 20.43% 24.36% 19.71%
2015 20.63% 24.39% 20.83%
2014 20.89% 24.57% 20.02%
2013 20.78% 24.40% 21.62%
2012 20.65% 24.69% 21.78%
2011 20.70% 24.59% 20.53%
2010 20.50% 24.18% 19.69%
2009 20.12% 23.52% 19.62%

more history ...

Renter Fraction in Placer County California

You can calculate the renter fraction in Placer 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 Placer County as a fraction of total Placer County households. In 2019 27.66% of households were renters according to Census ACS data.

Placer 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%
Placer County CA 27.66% +0.01% -1.17%

Trends in the Placer County CA Renter Fraction

The Placer County household renter fraction peaked in in 2015 at 31.21% and is now 3.55% below that level. The origin year for the series is 2005.

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

Fraction of renters in Placer County

History of Placer County Renter Fraction

Date US California Placer County CA
2019 35.89% 45.14% 27.66%
2018 36.05% 45.18% 27.65%
2017 36.13% 45.21% 28.26%
2016 36.88% 46.36% 28.83%
2015 36.97% 46.41% 31.21%
2014 36.90% 46.27% 29.47%
2013 36.50% 46.21% 31.20%
2012 36.09% 45.97% 30.53%
2011 35.42% 45.12% 29.02%
2010 34.65% 44.36% 28.87%
2009 34.13% 43.43% 28.40%

more history ...

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.