Mesa County Colorado Residential Rent and Rental Statistics
The median monthly gross residential rent in Mesa County CO was $981 in 2019 according to the Census ACS survey.1 Average gross rent in Mesa County was $1,075 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 Mesa County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Mesa 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% |
| Mesa County CO Median Gross Rent | $981 | +10.85% | +2.94% |
Mesa County CO Real Gross Rent Trends
Median gross rent for Mesa County peaked in real terms in 2008 at $1,026 and is now $45 (4.39%) lower. At $1,075, real average gross rent in Mesa County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Mesa County CO Median, Mesa County CO Average, Colorado Median, US Median
Real Gross Rent History for Mesa County
| Date | US Median |
Colorado Median |
Mesa County CO Median |
Mesa County CO Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,369 | $981 | $1,075 |
| 2018 | $1,077 | $1,312 | $885 | $922 |
| 2017 | $1,043 | $1,279 | $957 | $922 |
| 2016 | $1,027 | $1,226 | $953 | $933 |
| 2015 | $1,017 | $1,179 | $952 | $966 |
| 2014 | $986 | $1,077 | $884 | $868 |
| 2013 | $953 | $1,023 | $865 | $937 |
| 2012 | $940 | $994 | $841 | $901 |
| 2011 | $941 | $972 | $847 | $882 |
| 2010 | $955 | $964 | $932 | $913 |
| 2009 | $960 | $970 | $904 | $928 |
| 2007 | $927 | $926 | $902 | $903 |
| 2005 | $910 | $946 | $830 | $835 |
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
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Colorado | 4.60% | -0.67% | +0.31% |
| 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
Historical Rental Vacancy Rate data for Mesa County
| Date | US | Colorado | Mesa County CO |
|---|---|---|---|
| 2019 | 5.97% | 4.60% | — |
| 2018 | 6.15% | 5.27% | — |
| 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% |
| 2007 | 7.87% | 8.63% | 1.72% |
| 2005 | 7.74% | 9.35% | — |
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 19.46% in 2019 according to the ACS.
Mesa 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% |
| Mesa County CO | 19.46% | -1.46% | -2.90% |
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 2.90% to 19.46%.
Fraction of Income towards Rent: Mesa County CO, Colorado, US
Historical Data for Annual Rent as a Fraction of Income in Mesa County Colorado
| Date | US | Colorado | Mesa County CO |
|---|---|---|---|
| 2019 | 20.03% | 21.30% | 19.46% |
| 2018 | 20.50% | 21.50% | 20.92% |
| 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% |
| 2007 | 18.66% | 17.13% | 18.09% |
| 2005 | 18.89% | 17.93% | 20.18% |
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 2019 28.77% of households were renters according to Census ACS data.
Mesa 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% |
| Mesa County CO | 28.77% | -2.71% | -7.29% |
Trends in the Mesa County CO Renter Fraction
The Mesa County household renter fraction peaked in in 2016 at 36.06% and is now 7.29% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Mesa County CO, Colorado, US
History of Mesa County Renter Fraction
| Date | US | Colorado | Mesa County CO |
|---|---|---|---|
| 2019 | 35.89% | 34.15% | 28.77% |
| 2018 | 36.05% | 34.86% | 31.48% |
| 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% |
| 2007 | 32.80% | 31.17% | 27.27% |
| 2005 | 33.10% | 32.18% | 29.82% |
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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