Department of Numbers

Solano County California Residential Rent and Rental Statistics

The median monthly gross residential rent in Solano County CA was $1,549 in 2017 according to the Census ACS survey.1 Average gross rent in Solano County was $1,515 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 Solano County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Solano 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%
Solano County CA Median Gross Rent $1,549 +6.90% +16.99%

Solano County CA Real Gross Rent Trends

At $1,549, real median gross rent in Solano County was at its highest level in 2017 since the series began in 2005. At $1,515, real average gross rent in Solano County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Solano County

Date US
Median
California
Median
Solano County CA
Median
Solano County CA
Average
2017 $1,012 $1,447 $1,549 $1,515
2016 $996 $1,396 $1,449 $1,448
2015 $987 $1,349 $1,358 $1,377
2014 $956 $1,298 $1,324 $1,340
2013 $924 $1,250 $1,284 $1,305
2012 $912 $1,238 $1,283 $1,277
2011 $912 $1,230 $1,244 $1,284
2010 $927 $1,260 $1,302 $1,335
2009 $931 $1,277 $1,319 $1,356
2008 $947 $1,304 $1,397 $1,408
2007 $899 $1,228 $1,274 $1,301
2006 $909 $1,225 $1,277 $1,259

Solano 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 Solano County California was 3.35% according to Census ACS data.

Rental Vacancy Rate in Solano County California

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
California 3.49% +0.18% -0.41%
Solano County CA 3.35% +0.55% -1.76%

Trends in Solano County CA Rental Vacancy Rate

The rental vacancy rate in Solano County peaked in 2010 at 8.17%. Since then it has fallen by 4.82% to 3.35%. Data records for this series originated in 2005. From a 2016 post peak low of 2.80%, the rental vacancy rate has increased by 0.55%.

Rental Vacancy Rate: Solano County CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Solano County

Date US California Solano County CA
2017 6.18% 3.49% 3.35%
2016 5.89% 3.31% 2.80%
2015 5.85% 3.33% 3.96%
2014 6.32% 3.90% 5.11%
2013 6.49% 4.22% 6.50%
2012 6.77% 4.51% 5.74%
2011 7.40% 4.94% 6.91%
2010 8.17% 5.86% 8.17%
2009 8.43% 5.76% 6.69%
2008 7.86% 4.71% 7.05%
2007 7.87% 4.72% 7.92%
2006 7.70% 4.67% 5.89%

Rent as a Fraction of Income

Using median household income data for Solano County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Solano County, median monthly gross rent as a fraction of median household income was 24.10% in 2017 according to the ACS.

Solano 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%
Solano County CA 24.10% +0.93% +1.28%

Trends in Solano County CA Rent as a Fraction of Income

Solano County renters paid 24.10% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US California Solano County CA
2017 20.13% 24.18% 24.10%
2016 20.43% 24.36% 23.17%
2015 20.63% 24.39% 23.49%
2014 20.89% 24.57% 22.82%
2013 20.78% 24.40% 23.75%
2012 20.65% 24.69% 24.05%
2011 20.70% 24.59% 22.35%
2010 20.50% 24.18% 22.74%
2009 20.12% 23.52% 21.76%
2008 19.00% 22.32% 20.66%
2007 18.66% 21.58% 20.06%
2006 18.90% 21.80% 20.91%

Renter Fraction in Solano County California

You can calculate the renter fraction in Solano 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 Solano County as a fraction of total Solano County households. In 2017 40.80% of households were renters according to Census ACS data.

Solano 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%
Solano County CA 40.80% +0.13% -1.35%

Trends in the Solano County CA Renter Fraction

The Solano County household renter fraction peaked in in 2014 at 42.15% and is now 1.35% below that level. The origin year for the series is 2005.

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

Fraction of renters in Solano County

History of Solano County Renter Fraction

Date US California Solano County CA
2017 36.13% 45.21% 40.80%
2016 36.88% 46.36% 40.67%
2015 36.97% 46.41% 39.71%
2014 36.90% 46.27% 42.15%
2013 36.50% 46.21% 40.86%
2012 36.09% 45.97% 40.90%
2011 35.42% 45.12% 38.82%
2010 34.65% 44.36% 37.51%
2009 34.13% 43.43% 34.39%
2008 33.36% 42.95% 36.06%
2007 32.80% 42.00% 32.93%
2006 32.73% 41.55% 34.11%

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.