Department of Numbers

Larimer County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Larimer County CO was $1,233 in 2017 according to the Census ACS survey.1 Average gross rent in Larimer County was $1,208 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 Larimer County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Larimer 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%
Larimer County CO Median Gross Rent $1,233 +0.82% +17.88%

Larimer County CO Real Gross Rent Trends

At $1,233, real median gross rent in Larimer County was at its highest level in 2017 since the series began in 2005. At $1,208, real average gross rent in Larimer County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Larimer County

Date US
Median
Colorado
Median
Larimer County CO
Median
Larimer County CO
Average
2017 $1,012 $1,240 $1,233 $1,208
2016 $996 $1,189 $1,223 $1,204
2015 $987 $1,143 $1,144 $1,186
2014 $956 $1,044 $1,046 $1,089
2013 $924 $992 $1,007 $1,043
2012 $912 $964 $997 $1,042
2011 $912 $943 $990 $1,027
2010 $927 $935 $969 $1,019
2009 $931 $941 $961 $1,006
2008 $947 $974 $938 $983
2007 $899 $898 $873 $900
2006 $909 $929 $915 $961

Larimer 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 Larimer County Colorado was 4.64% according to Census ACS data.

Rental Vacancy Rate in Larimer County Colorado

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Colorado 5.18% +0.89% +0.33%
Larimer County CO 4.64% +3.08% +0.87%

Trends in Larimer County CO Rental Vacancy Rate

The rental vacancy rate in Larimer County peaked in 2005 at 8.32%. Since then it has fallen by 3.68% to 4.64%. Data records for this series originated in 2005. From a 2016 post peak low of 1.56%, the rental vacancy rate has increased by 3.08%.

Rental Vacancy Rate: Larimer County CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Larimer County

Date US Colorado Larimer County CO
2017 6.18% 5.18% 4.64%
2016 5.89% 4.29% 1.56%
2015 5.85% 4.47% 1.92%
2014 6.32% 4.85% 3.77%
2013 6.49% 5.26% 4.05%
2012 6.77% 5.69% 3.01%
2011 7.40% 5.63% 2.77%
2010 8.17% 6.72% 4.56%
2009 8.43% 8.00% 7.05%
2008 7.86% 7.45% 4.78%
2007 7.87% 8.63% 5.00%
2006 7.70% 8.36% 5.12%

Rent as a Fraction of Income

Using median household income data for Larimer County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Larimer County, median monthly gross rent as a fraction of median household income was 21.41% in 2017 according to the ACS.

Larimer 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%
Larimer County CO 21.41% -0.32% -0.27%

Trends in Larimer County CO Rent as a Fraction of Income

The fraction of median Larimer County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 21.74%. Since then it has fallen by 0.32% to 21.41%.

Fraction of Income towards Rent: Larimer County CO, Colorado, US

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

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

Date US Colorado Larimer County CO
2017 20.13% 21.53% 21.41%
2016 20.43% 21.39% 21.74%
2015 20.63% 20.86% 20.55%
2014 20.89% 19.97% 21.68%
2013 20.78% 19.81% 20.04%
2012 20.65% 19.74% 20.74%
2011 20.70% 19.50% 20.54%
2010 20.50% 19.16% 19.81%
2009 20.12% 18.42% 18.73%
2008 19.00% 17.85% 17.40%
2007 18.66% 17.13% 17.66%
2006 18.90% 17.99% 17.15%

Renter Fraction in Larimer County Colorado

You can calculate the renter fraction in Larimer 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 Larimer County as a fraction of total Larimer County households. In 2017 33.45% of households were renters according to Census ACS data.

Larimer 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%
Larimer County CO 33.45% -2.78% -3.46%

Trends in the Larimer County CO Renter Fraction

The Larimer County household renter fraction peaked in in 2014 at 36.91% and is now 3.46% below that level. The origin year for the series is 2005.

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

Fraction of renters in Larimer County

History of Larimer County Renter Fraction

Date US Colorado Larimer County CO
2017 36.13% 34.80% 33.45%
2016 36.88% 35.24% 36.23%
2015 36.97% 36.25% 35.50%
2014 36.90% 36.14% 36.91%
2013 36.50% 35.49% 35.35%
2012 36.09% 35.97% 36.27%
2011 35.42% 35.62% 35.26%
2010 34.65% 34.06% 33.29%
2009 34.13% 32.99% 34.01%
2008 33.36% 32.51% 32.60%
2007 32.80% 31.17% 30.23%
2006 32.73% 31.27% 33.58%

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.