Department of Numbers

Adams County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Adams County CO was $1,293 in 2017 according to the Census ACS survey.1 Average gross rent in Adams County was $1,276 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 Adams County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Adams County Colorado (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Colorado Median Gross Rent $1,240 +4.29% +18.77%
Adams County CO Median Gross Rent $1,293 +2.29% +18.62%

Adams County CO Real Gross Rent Trends

At $1,293, real median gross rent in Adams County was at its highest level in 2017 since the series began in 2005. At $1,276, real average gross rent in Adams County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Adams County CO Median, Adams County CO Average, Colorado Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Adams County

Date US
Median
Colorado
Median
Adams County CO
Median
Adams County CO
Average
2017 $1,012 $1,240 $1,293 $1,276
2016 $996 $1,189 $1,264 $1,266
2015 $987 $1,143 $1,222 $1,220
2014 $956 $1,044 $1,090 $1,096
2013 $924 $992 $988 $1,016
2012 $912 $964 $985 $1,022
2011 $912 $943 $984 $991
2010 $927 $935 $973 $1,020
2009 $931 $941 $966 $1,010
2008 $947 $974 $976 $1,026
2007 $899 $898 $920 $984
2006 $909 $929 $1,008 $1,019

Adams County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Adams County Colorado was 3.33% according to Census ACS data.

Rental Vacancy Rate in Adams County Colorado

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Colorado 5.18% +0.89% +0.33%
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 9.29% to 3.33%. Data records for this series originated in 2005.

Rental Vacancy Rate: Adams County CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Adams County

Date US Colorado Adams County CO
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%
2008 7.86% 7.45% 7.29%
2007 7.87% 8.63% 9.81%
2006 7.70% 8.36% 10.96%

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 23.33% in 2017 according to the ACS.

Adams County Colorado Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Colorado 21.53% +0.14% +1.56%
Adams County CO 23.33% +0.70% +1.90%

Trends in Adams County CO Rent as a Fraction of Income

Adams County renters paid 23.33% 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: Adams County CO, Colorado, US

Percent of median household income going towards median monthly gross rent in Adams County Colorado

Historical Data for Annual Rent as a Fraction of Income in Adams County Colorado

Date US Colorado Adams County CO
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%
2008 19.00% 17.85% 18.04%
2007 18.66% 17.13% 18.58%
2006 18.90% 17.99% 20.07%

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 2017 33.82% of households were renters according to Census ACS data.

Adams County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Colorado 34.80% -0.44% -1.34%
Adams County CO 33.82% -1.15% -3.85%

Trends in the Adams County CO Renter Fraction

The Adams County household renter fraction peaked in in 2014 at 37.67% and is now 3.85% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Adams County CO, Colorado, US

Fraction of renters in Adams County

History of Adams County Renter Fraction

Date US Colorado Adams County CO
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%
2008 33.36% 32.51% 31.16%
2007 32.80% 31.17% 29.78%
2006 32.73% 31.27% 29.69%

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.