Department of Numbers

Bonneville County Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Bonneville County ID was $791 in 2017 according to the Census ACS survey.1 Average gross rent in Bonneville County was $866 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 Bonneville County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bonneville County Idaho (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Idaho Median Gross Rent $822 +2.49% +6.34%
Bonneville County ID Median Gross Rent $791 +6.46% +8.65%

Bonneville County ID Real Gross Rent Trends

Median gross rent for Bonneville County peaked in real terms in 2015 at $806 and is now $15 (1.86%) lower. At $866, real average gross rent in Bonneville County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Bonneville County ID Median, Bonneville County ID Average, Idaho Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bonneville County

Date US
Median
Idaho
Median
Bonneville County ID
Median
Bonneville County ID
Average
2017 $1,012 $822 $791 $866
2016 $996 $802 $743 $865
2015 $987 $792 $806 $813
2014 $956 $773 $728 $742
2013 $924 $740 $719 $771
2012 $912 $724 $691 $750
2011 $912 $722 $693 $710
2010 $927 $740 $689 $684
2009 $931 $767 $778 $797
2008 $947 $793 $745 $772
2007 $899 $745 $736 $752
2006 $909 $742 $720 $738

Bonneville County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Bonneville County Idaho was 5.24% according to Census ACS data.

Rental Vacancy Rate in Bonneville County Idaho

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Idaho 6.21% +0.84% +0.98%
Bonneville County ID

Trends in Bonneville County ID Rental Vacancy Rate

The rental vacancy rate in Bonneville County peaked in 2010 at 11.37%. Since then it has fallen by 6.13% to 5.24%. Data records for this series originated in 2005.

Rental Vacancy Rate: Bonneville County ID, Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Bonneville County

Date US Idaho Bonneville County ID
2017 6.18% 6.21%
2016 5.89% 5.37%
2015 5.85% 4.97% 5.24%
2014 6.32% 5.23% 9.00%
2013 6.49% 5.05% 11.31%
2012 6.77% 6.45% 11.28%
2011 7.40% 5.53% 8.45%
2010 8.17% 7.93% 11.37%
2009 8.43% 8.58% 5.31%
2008 7.86% 7.56%
2007 7.87% 6.21% 6.89%
2006 7.70% 5.25%

Rent as a Fraction of Income

Using median household income data for Bonneville County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bonneville County, median monthly gross rent as a fraction of median household income was 17.75% in 2017 according to the ACS.

Bonneville County Idaho Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Idaho 18.89% +0.59% -0.04%
Bonneville County ID 17.75% +3.04% +0.56%

Trends in Bonneville County ID Rent as a Fraction of Income

The fraction of median Bonneville County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 17.82%. Since then it has fallen by 0.07% to 17.75%. From a 2016 low of 14.71%, the fraction of income going to rent has increased by 3.04%.

Fraction of Income towards Rent: Bonneville County ID, Idaho, US

Percent of median household income going towards median monthly gross rent in Bonneville County Idaho

Historical Data for Annual Rent as a Fraction of Income in Bonneville County Idaho

Date US Idaho Bonneville County ID
2017 20.13% 18.89% 17.75%
2016 20.43% 18.30% 14.71%
2015 20.63% 19.14% 17.61%
2014 20.89% 18.93% 17.19%
2013 20.78% 18.60% 16.94%
2012 20.65% 18.52% 16.26%
2011 20.70% 19.08% 16.61%
2010 20.50% 18.85% 15.42%
2009 20.12% 18.54% 17.82%
2008 19.00% 17.40% 15.10%
2007 18.66% 16.97% 15.18%
2006 18.90% 17.44% 16.02%

Renter Fraction in Bonneville County Idaho

You can calculate the renter fraction in Bonneville 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 Bonneville County as a fraction of total Bonneville County households. In 2017 28.58% of households were renters according to Census ACS data.

Bonneville County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Idaho 30.34% -1.20% -1.64%
Bonneville County ID 28.58% -1.74% +0.11%

Trends in the Bonneville County ID Renter Fraction

The Bonneville County household renter fraction peaked in in 2015 at 32.26% and is now 3.68% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bonneville County ID, Idaho, US

Fraction of renters in Bonneville County

History of Bonneville County Renter Fraction

Date US Idaho Bonneville County ID
2017 36.13% 30.34% 28.58%
2016 36.88% 31.54% 30.32%
2015 36.97% 31.04% 32.26%
2014 36.90% 31.98% 28.47%
2013 36.50% 30.64% 28.97%
2012 36.09% 31.63% 25.21%
2011 35.42% 31.26% 28.96%
2010 34.65% 30.38% 26.54%
2009 34.13% 28.47% 25.20%
2008 33.36% 29.14% 27.29%
2007 32.80% 27.95% 24.64%
2006 32.73% 28.73% 26.64%

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.