Department of Numbers

Jefferson County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Jefferson County CO was $1,376 in 2017 according to the Census ACS survey.1 Average gross rent in Jefferson County was $1,383 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 Jefferson County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Jefferson 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%
Jefferson County CO Median Gross Rent $1,376 +7.50% +25.55%

Jefferson County CO Real Gross Rent Trends

At $1,376, real median gross rent in Jefferson County was at its highest level in 2017 since the series began in 2005. At $1,383, real average gross rent in Jefferson County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jefferson County

Date US
Median
Colorado
Median
Jefferson County CO
Median
Jefferson County CO
Average
2017 $1,012 $1,240 $1,376 $1,383
2016 $996 $1,189 $1,280 $1,315
2015 $987 $1,143 $1,234 $1,263
2014 $956 $1,044 $1,096 $1,129
2013 $924 $992 $1,035 $1,074
2012 $912 $964 $1,017 $1,049
2011 $912 $943 $950 $1,013
2010 $927 $935 $983 $1,069
2009 $931 $941 $986 $1,067
2008 $947 $974 $1,051 $1,100
2007 $899 $898 $955 $994
2006 $909 $929 $961 $1,025

Jefferson 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 Jefferson County Colorado was 3.83% according to Census ACS data.

Rental Vacancy Rate in Jefferson County Colorado

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Colorado 5.18% +0.89% +0.33%
Jefferson County CO 3.83% +1.53% +1.50%

Trends in Jefferson County CO Rental Vacancy Rate

The rental vacancy rate in Jefferson County peaked in 2005 at 7.50%. Since then it has fallen by 3.67% to 3.83%. Data records for this series originated in 2005. From a 2015 post peak low of 1.41%, the rental vacancy rate has increased by 2.42%.

Rental Vacancy Rate: Jefferson County CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Jefferson County

Date US Colorado Jefferson County CO
2017 6.18% 5.18% 3.83%
2016 5.89% 4.29% 2.30%
2015 5.85% 4.47% 1.41%
2014 6.32% 4.85% 2.33%
2013 6.49% 5.26% 3.79%
2012 6.77% 5.69% 3.73%
2011 7.40% 5.63% 4.90%
2010 8.17% 6.72% 5.67%
2009 8.43% 8.00% 4.69%
2008 7.86% 7.45% 5.57%
2007 7.87% 8.63% 6.17%
2006 7.70% 8.36% 4.95%

Rent as a Fraction of Income

Using median household income data for Jefferson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jefferson County, median monthly gross rent as a fraction of median household income was 20.48% in 2017 according to the ACS.

Jefferson 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%
Jefferson County CO 20.48% +0.10% +2.32%

Trends in Jefferson County CO Rent as a Fraction of Income

Jefferson County renters paid 20.48% 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: Jefferson County CO, Colorado, US

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

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

Date US Colorado Jefferson County CO
2017 20.13% 21.53% 20.48%
2016 20.43% 21.39% 20.38%
2015 20.63% 20.86% 20.23%
2014 20.89% 19.97% 18.16%
2013 20.78% 19.81% 17.82%
2012 20.65% 19.74% 17.53%
2011 20.70% 19.50% 16.93%
2010 20.50% 19.16% 17.05%
2009 20.12% 18.42% 16.22%
2008 19.00% 17.85% 16.55%
2007 18.66% 17.13% 15.61%
2006 18.90% 17.99% 16.01%

Renter Fraction in Jefferson County Colorado

You can calculate the renter fraction in Jefferson 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 Jefferson County as a fraction of total Jefferson County households. In 2017 28.58% of households were renters according to Census ACS data.

Jefferson 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%
Jefferson County CO 28.58% +0.06% -2.54%

Trends in the Jefferson County CO Renter Fraction

The Jefferson County household renter fraction peaked in in 2014 at 31.12% and is now 2.54% below that level. The origin year for the series is 2005.

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

Fraction of renters in Jefferson County

History of Jefferson County Renter Fraction

Date US Colorado Jefferson County CO
2017 36.13% 34.80% 28.58%
2016 36.88% 35.24% 28.52%
2015 36.97% 36.25% 30.65%
2014 36.90% 36.14% 31.12%
2013 36.50% 35.49% 29.70%
2012 36.09% 35.97% 30.22%
2011 35.42% 35.62% 30.33%
2010 34.65% 34.06% 28.89%
2009 34.13% 32.99% 29.83%
2008 33.36% 32.51% 27.85%
2007 32.80% 31.17% 27.05%
2006 32.73% 31.27% 26.88%

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.