Adams County Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Adams County CO was $1,401 in 2019 according to the Census ACS survey.1 Average gross rent in Adams County was $1,395 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 Adams County median and average rent data will be released in September of 2021.
Data is also available below for Adams County rental vacancy rates, Adams County rent as a percent of median income and the fraction of renters in Adams County.
Real Gross Rent in Adams County Colorado (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Colorado Median Gross Rent | $1,369 | +4.34% | +11.66% |
| Adams County CO Median Gross Rent | $1,401 | +0.65% | +7.44% |
Adams County CO Real Gross Rent Trends
At $1,401, real median gross rent in Adams County was at its highest level in 2019 since the series began in 2005. At $1,395, real average gross rent in Adams County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Adams County CO Median, Adams County CO Average, Colorado Median, US Median
Real Gross Rent History for Adams County
| Date | US Median |
Colorado Median |
Adams County CO Median |
Adams County CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $1,401 | $1,395 |
| 2018 | $1,077 | $1,312 | $1,392 | $1,383 |
| 2017 | $1,043 | $1,279 | $1,333 | $1,316 |
| 2016 | $1,027 | $1,226 | $1,304 | $1,306 |
| 2015 | $1,017 | $1,179 | $1,260 | $1,258 |
| 2014 | $986 | $1,077 | $1,124 | $1,130 |
| 2013 | $953 | $1,023 | $1,018 | $1,048 |
| 2012 | $940 | $994 | $1,016 | $1,054 |
| 2011 | $941 | $972 | $1,014 | $1,022 |
| 2010 | $955 | $964 | $1,003 | $1,052 |
| 2009 | $960 | $970 | $996 | $1,042 |
| 2007 | $927 | $926 | $948 | $1,015 |
| 2005 | $910 | $946 | $1,010 | $1,048 |
Adams County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Adams County Colorado was 5.96% according to Census ACS data.
Rental Vacancy Rate in Adams County Colorado
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| Adams County CO | — | — | — |
Trends in Adams County CO Rental Vacancy Rate
The rental vacancy rate in Adams County peaked in 2005 at 12.62%. Since then it has fallen by 6.66% to 5.96%. Data records for this series originated in 2005. From a 2016 post peak low of 3.33%, the rental vacancy rate has increased by 2.63%.
Rental Vacancy Rate: Adams County CO, Colorado, US
Historical Rental Vacancy Rate data for Adams County
| Date | US | Colorado | Adams County CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | — |
| 2018 | 6.15% | 5.27% | 5.96% |
| 2017 | 6.18% | 5.18% | — |
| 2016 | 5.89% | 4.29% | 3.33% |
| 2015 | 5.85% | 4.47% | 5.05% |
| 2014 | 6.32% | 4.85% | 3.59% |
| 2013 | 6.49% | 5.26% | 4.23% |
| 2012 | 6.77% | 5.69% | 7.09% |
| 2011 | 7.40% | 5.63% | 4.37% |
| 2010 | 8.17% | 6.72% | 8.28% |
| 2009 | 8.43% | 8.00% | 9.34% |
| 2007 | 7.87% | 8.63% | 9.81% |
| 2005 | 7.74% | 9.35% | 12.62% |
Rent as a Fraction of Income
Using median household income data for Adams County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Adams County, median monthly gross rent as a fraction of median household income was 22.18% in 2019 according to the ACS.
Adams County Colorado Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Colorado | 21.30% | -0.20% | -0.09% |
| Adams County CO | 22.18% | -1.01% | -0.45% |
Trends in Adams County CO Rent as a Fraction of Income
The fraction of median Adams County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 23.33%. Since then it has fallen by 1.15% to 22.18%.
Fraction of Income towards Rent: Adams County CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Adams County Colorado
| Date | US | Colorado | Adams County CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 22.18% |
| 2018 | 20.50% | 21.50% | 23.19% |
| 2017 | 20.13% | 21.53% | 23.33% |
| 2016 | 20.43% | 21.39% | 22.63% |
| 2015 | 20.63% | 20.86% | 22.45% |
| 2014 | 20.89% | 19.97% | 21.42% |
| 2013 | 20.78% | 19.81% | 21.15% |
| 2012 | 20.65% | 19.74% | 20.51% |
| 2011 | 20.70% | 19.50% | 21.53% |
| 2010 | 20.50% | 19.16% | 20.44% |
| 2009 | 20.12% | 18.42% | 19.50% |
| 2007 | 18.66% | 17.13% | 18.58% |
| 2005 | 18.89% | 17.93% | 19.14% |
Renter Fraction in Adams County Colorado
You can calculate the renter fraction in Adams 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 Adams County as a fraction of total Adams County households. In 2019 31.93% of households were renters according to Census ACS data.
Adams County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Colorado | 34.15% | -0.71% | -1.09% |
| Adams County CO | 31.93% | -3.25% | -3.04% |
Trends in the Adams County CO Renter Fraction
The Adams County household renter fraction peaked in in 2014 at 37.67% and is now 5.74% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Adams County CO, Colorado, US
History of Adams County Renter Fraction
| Date | US | Colorado | Adams County CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 31.93% |
| 2018 | 36.05% | 34.86% | 35.18% |
| 2017 | 36.13% | 34.80% | 33.82% |
| 2016 | 36.88% | 35.24% | 34.97% |
| 2015 | 36.97% | 36.25% | 35.29% |
| 2014 | 36.90% | 36.14% | 37.67% |
| 2013 | 36.50% | 35.49% | 36.05% |
| 2012 | 36.09% | 35.97% | 35.62% |
| 2011 | 35.42% | 35.62% | 34.83% |
| 2010 | 34.65% | 34.06% | 34.49% |
| 2009 | 34.13% | 32.99% | 33.18% |
| 2007 | 32.80% | 31.17% | 29.78% |
| 2005 | 33.10% | 32.18% | 32.03% |
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. ↩
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