Department of Numbers

Connecticut Residential Rent and Rental Statistics

The median monthly gross residential rent in Connecticut was $1,115 in 2016 according to the Census ACS survey.1 Average gross rent was $1,126 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Connecticut median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Connecticut (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Connecticut Median Gross Rent $1,115 -0.71% +6.60%

Connecticut Real Gross Rent Trends

Median gross rent for Connecticut peaked in real terms in 2015 at $1,123 and is now $8 (0.71%) lower. Average gross rent for Connecticut peaked in real terms in 2015 at $1,148 and is now $22 (1.92%) lower.

Real Gross Rent in Connecticut: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Connecticut

Date US Median Connecticut Median Connecticut Average
2016 $981 $1,115 $1,126
2015 $972 $1,123 $1,148
2014 $942 $1,085 $1,108
2013 $910 $1,046 $1,058
2012 $898 $1,035 $1,064
2011 $898 $1,053 $1,062
2010 $912 $1,059 $1,079
2009 $916 $1,095 $1,112
2008 $932 $1,097 $1,120
2007 $885 $1,045 $1,061
2006 $895 $1,039 $1,066
2005 $869 $1,002 $998

Connecticut 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 Connecticut was 5.56% according to Census ACS data.

Rental Vacancy Rate in Connecticut

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Connecticut 5.56% -1.22% -1.02%

Trends in Connecticut Rental Vacancy Rate

The rental vacancy rate in Connecticut peaked in 2011 at 7.87%. Since then it has fallen by 2.31% to 5.56%. Data records for this series originated in 2005.

Rental Vacancy Rate: Connecticut, US

Rental vacancy rate in Connecticut

Historical Rental Vacancy Rate data for Connecticut

Date US Connecticut
2016 5.89% 5.56%
2015 5.85% 6.78%
2014 6.32% 6.72%
2013 6.49% 6.58%
2012 6.77% 6.97%
2011 7.40% 7.87%
2010 8.17% 7.09%
2009 8.43% 7.84%
2008 7.86% 7.27%
2007 7.87% 7.33%
2006 7.70% 6.16%
2005 7.74% 6.58%

Connecticut Rent as a Fraction of Income

Using median household income data for Connecticut, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Connecticut, median monthly gross rent as a fraction of median household income was 18.22% in 2016 according to the ACS.

Connecticut Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Connecticut 18.22% -0.42% -0.38%

Trends in Connecticut Rent as a Fraction of Income

The fraction of median Connecticut household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 18.64%. Since then it has fallen by 0.42% to 18.22%.

Fraction of Income towards Rent: Connecticut, US

Percent of median household income going towards median monthly gross rent in Connecticut

Historical Data for Annual Rent as a Fraction of Income in Connecticut

Date US Connecticut
2016 20.43% 18.22%
2015 20.63% 18.64%
2014 20.89% 18.43%
2013 20.78% 18.60%
2012 20.65% 18.18%
2011 20.70% 18.63%
2010 20.50% 18.59%
2009 20.12% 18.01%
2008 19.00% 16.97%
2007 18.66% 16.94%
2006 18.90% 16.76%
2005 18.89% 16.52%

Renter Fraction in Connecticut

You can calculate the renter fraction in Connecticut 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 Connecticut as a fraction of total Connecticut households. In 2016 35.23% of households were renters according to Census ACS data.

Connecticut Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Connecticut 35.23% +1.39% +1.54%

Trends in the Connecticut Renter Fraction

At 35.23%, the 2016 household based renter fraction in Connecticut was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Connecticut, US

Fraction of renters in Connecticut

History of Connecticut Renter Fraction

Date US Connecticut
2016 36.88% 35.23%
2015 36.97% 33.84%
2014 36.90% 33.62%
2013 36.50% 33.69%
2012 36.09% 33.09%
2011 35.42% 32.60%
2010 34.65% 32.03%
2009 34.13% 31.15%
2008 33.36% 31.01%
2007 32.80% 29.97%
2006 32.73% 30.48%
2005 33.10% 30.51%

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.