Department of Numbers

New Haven Connecticut Residential Rent and Rental Statistics

The median monthly gross residential rent in New Haven, CT (the New Haven-Milford metro area) was $1,107 in 2017 according to the Census ACS survey.1 Average gross rent in New Haven was $1,084 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 New Haven median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in New Haven Connecticut (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Connecticut Median Gross Rent $1,125 -0.62% +2.09%
New Haven, CT Median Gross Rent $1,107 -0.36% +2.12%

New Haven, CT Real Gross Rent Trends

Median gross rent for New Haven peaked in real terms in 2009 at $1,136 and is now $29 (2.55%) lower. Average gross rent for New Haven peaked in real terms in 2008 at $1,125 and is now $41 (3.64%) lower.

Real Gross Rent in New Haven: New Haven CT Median, New Haven CT Average, Connecticut Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for New Haven

Date US
Median
Connecticut
Median
New Haven, CT
Median
New Haven, CT
Average
2017 $1,012 $1,125 $1,107 $1,084
2016 $996 $1,132 $1,111 $1,082
2015 $987 $1,140 $1,101 $1,099
2014 $956 $1,102 $1,084 $1,067
2013 $924 $1,062 $1,048 $1,035
2012 $912 $1,051 $1,063 $1,055
2011 $912 $1,070 $1,066 $1,043
2010 $927 $1,075 $1,100 $1,078
2009 $931 $1,112 $1,136 $1,101
2008 $947 $1,114 $1,134 $1,125
2007 $899 $1,061 $1,051 $1,021
2006 $909 $1,055 $1,062 $1,035

New Haven 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 New Haven Connecticut was 8.80% according to Census ACS data.

Rental Vacancy Rate in New Haven Connecticut

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Connecticut 7.02% +1.46% +0.30%
New Haven, CT 8.80% +1.05% +0.96%

Trends in New Haven, CT Rental Vacancy Rate

The rental vacancy rate in New Haven peaked in 2011 at 8.92%. Since then it has fallen by 0.12% to 8.80%. Data records for this series originated in 2005.

Rental Vacancy Rate: New Haven CT, Connecticut, US

Rental vacancy rate in Connecticut

Historical Rental Vacancy Rate data for New Haven

Date US Connecticut New Haven, CT
2017 6.18% 7.02% 8.80%
2016 5.89% 5.56% 7.75%
2015 5.85% 6.78% 8.40%
2014 6.32% 6.72% 7.84%
2013 6.49% 6.58% 6.53%
2012 6.77% 6.97% 6.94%
2011 7.40% 7.87% 8.92%
2010 8.17% 7.09% 8.34%
2009 8.43% 7.84% 7.74%
2008 7.86% 7.27% 7.54%
2007 7.87% 7.33% 6.88%
2006 7.70% 6.16% 7.02%

Rent as a Fraction of Income

Using median household income data for New Haven, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For New Haven, median monthly gross rent as a fraction of median household income was 19.87% in 2017 according to the ACS.

New Haven Connecticut Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Connecticut 18.20% -0.02% -0.23%
New Haven, CT 19.87% +0.03% -1.18%

Trends in New Haven, CT Rent as a Fraction of Income

The fraction of median New Haven household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.35%. Since then it has fallen by 1.48% to 19.87%.

Fraction of Income towards Rent: New Haven CT, Connecticut, US

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

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

Date US Connecticut New Haven, CT
2017 20.13% 18.20% 19.87%
2016 20.43% 18.22% 19.84%
2015 20.63% 18.64% 20.79%
2014 20.89% 18.43% 21.04%
2013 20.78% 18.60% 21.02%
2012 20.65% 18.18% 20.85%
2011 20.70% 18.63% 20.62%
2010 20.50% 18.59% 21.35%
2009 20.12% 18.01% 20.36%
2008 19.00% 16.97% 19.23%
2007 18.66% 16.94% 18.47%
2006 18.90% 16.76% 18.83%

Renter Fraction in New Haven Connecticut

You can calculate the renter fraction in New Haven 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 New Haven as a fraction of total New Haven households. In 2017 37.97% of households were renters according to Census ACS data.

New Haven Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Connecticut 33.80% -1.43% +0.18%
New Haven, CT 37.97% -0.81% +0.03%

Trends in the New Haven, CT Renter Fraction

The New Haven household renter fraction peaked in in 2016 at 38.78% and is now 0.81% below that level. The origin year for the series is 2005.

Fraction of Renting Households: New Haven CT, Connecticut, US

Fraction of renters in New Haven

History of New Haven Renter Fraction

Date US Connecticut New Haven, CT
2017 36.13% 33.80% 37.97%
2016 36.88% 35.23% 38.78%
2015 36.97% 33.84% 38.54%
2014 36.90% 33.62% 37.94%
2013 36.50% 33.69% 38.21%
2012 36.09% 33.09% 36.64%
2011 35.42% 32.60% 36.36%
2010 34.65% 32.03% 36.50%
2009 34.13% 31.15% 35.83%
2008 33.36% 31.01% 35.67%
2007 32.80% 29.97% 32.94%
2006 32.73% 30.48% 33.74%

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.