Department of Numbers

Mesa County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Mesa County CO was $928 in 2017 according to the Census ACS survey.1 Average gross rent in Mesa County was $894 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 Mesa County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Mesa 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%
Mesa County CO Median Gross Rent $928 +0.43% +8.28%

Mesa County CO Real Gross Rent Trends

Median gross rent for Mesa County peaked in real terms in 2008 at $995 and is now $67 (6.73%) lower. Average gross rent for Mesa County peaked in real terms in 2008 at $1,036 and is now $142 (13.71%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mesa County

Date US
Median
Colorado
Median
Mesa County CO
Median
Mesa County CO
Average
2017 $1,012 $1,240 $928 $894
2016 $996 $1,189 $924 $905
2015 $987 $1,143 $923 $937
2014 $956 $1,044 $857 $842
2013 $924 $992 $838 $909
2012 $912 $964 $816 $874
2011 $912 $943 $821 $856
2010 $927 $935 $904 $885
2009 $931 $941 $877 $900
2008 $947 $974 $995 $1,036
2007 $899 $898 $875 $876
2006 $909 $929 $811 $819

Mesa 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 Mesa County Colorado was 1.20% according to Census ACS data.

Rental Vacancy Rate in Mesa County Colorado

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Colorado 5.18% +0.89% +0.33%
Mesa County CO

Trends in Mesa County CO Rental Vacancy Rate

The rental vacancy rate in Mesa County peaked in 2010 at 7.32%. Since then it has fallen by 6.12% to 1.20%. Data records for this series originated in 2005.

Rental Vacancy Rate: Mesa County CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Mesa County

Date US Colorado Mesa County CO
2017 6.18% 5.18%
2016 5.89% 4.29% 1.20%
2015 5.85% 4.47% 5.37%
2014 6.32% 4.85% 3.18%
2013 6.49% 5.26% 2.62%
2012 6.77% 5.69%
2011 7.40% 5.63% 3.43%
2010 8.17% 6.72% 7.32%
2009 8.43% 8.00% 3.70%
2008 7.86% 7.45%
2007 7.87% 8.63% 1.72%
2006 7.70% 8.36% 3.06%

Rent as a Fraction of Income

Using median household income data for Mesa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mesa County, median monthly gross rent as a fraction of median household income was 21.11% in 2017 according to the ACS.

Mesa 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%
Mesa County CO 21.11% -1.24% +1.10%

Trends in Mesa County CO Rent as a Fraction of Income

The fraction of median Mesa County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.36%. Since then it has fallen by 1.24% to 21.11%.

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

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

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

Date US Colorado Mesa County CO
2017 20.13% 21.53% 21.11%
2016 20.43% 21.39% 22.36%
2015 20.63% 20.86% 20.92%
2014 20.89% 19.97% 20.02%
2013 20.78% 19.81% 21.09%
2012 20.65% 19.74% 20.68%
2011 20.70% 19.50% 19.74%
2010 20.50% 19.16% 21.65%
2009 20.12% 18.42% 17.99%
2008 19.00% 17.85% 18.64%
2007 18.66% 17.13% 18.09%
2006 18.90% 17.99% 19.18%

Renter Fraction in Mesa County Colorado

You can calculate the renter fraction in Mesa 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 Mesa County as a fraction of total Mesa County households. In 2017 31.92% of households were renters according to Census ACS data.

Mesa 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%
Mesa County CO 31.92% -4.14% -2.82%

Trends in the Mesa County CO Renter Fraction

The Mesa County household renter fraction peaked in in 2016 at 36.06% and is now 4.14% below that level. The origin year for the series is 2005.

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

Fraction of renters in Mesa County

History of Mesa County Renter Fraction

Date US Colorado Mesa County CO
2017 36.13% 34.80% 31.92%
2016 36.88% 35.24% 36.06%
2015 36.97% 36.25% 33.00%
2014 36.90% 36.14% 34.74%
2013 36.50% 35.49% 32.23%
2012 36.09% 35.97% 29.05%
2011 35.42% 35.62% 28.52%
2010 34.65% 34.06% 27.52%
2009 34.13% 32.99% 25.51%
2008 33.36% 32.51% 30.43%
2007 32.80% 31.17% 27.27%
2006 32.73% 31.27% 29.67%

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.