Department of Numbers

Canyon County Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Canyon County ID was $869 in 2017 according to the Census ACS survey.1 Average gross rent in Canyon County was $821 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 Canyon County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Canyon 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%
Canyon County ID Median Gross Rent $869 +2.60% +10.56%

Canyon County ID Real Gross Rent Trends

At $869, real median gross rent in Canyon County was at its highest level in 2017 since the series began in 2005. At $821, real average gross rent in Canyon County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Canyon County

Date US
Median
Idaho
Median
Canyon County ID
Median
Canyon County ID
Average
2017 $1,012 $822 $869 $821
2016 $996 $802 $847 $754
2015 $987 $792 $742 $738
2014 $956 $773 $786 $736
2013 $924 $740 $735 $745
2012 $912 $724 $705 $709
2011 $912 $722 $701 $671
2010 $927 $740 $803 $748
2009 $931 $767 $775 $741
2008 $947 $793 $796 $795
2007 $899 $745 $767 $725
2006 $909 $742 $787 $763

Canyon County 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 Canyon County Idaho was 2.12% according to Census ACS data.

Rental Vacancy Rate in Canyon County Idaho

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Idaho 6.21% +0.84% +0.98%
Canyon County ID 2.12% -2.13% -0.23%

Trends in Canyon County ID Rental Vacancy Rate

The rental vacancy rate in Canyon County peaked in 2009 at 13.40%. Since then it has fallen by 11.28% to 2.12%. Data records for this series originated in 2005. From a 2011 post peak low of 1.69%, the rental vacancy rate has increased by 0.43%.

Rental Vacancy Rate: Canyon County ID, Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Canyon County

Date US Idaho Canyon County ID
2017 6.18% 6.21% 2.12%
2016 5.89% 5.37% 4.25%
2015 5.85% 4.97% 3.98%
2014 6.32% 5.23% 2.35%
2013 6.49% 5.05%
2012 6.77% 6.45%
2011 7.40% 5.53% 1.69%
2010 8.17% 7.93% 12.77%
2009 8.43% 8.58% 13.40%
2008 7.86% 7.56% 11.22%
2007 7.87% 6.21%
2006 7.70% 5.25% 7.93%

Rent as a Fraction of Income

Using median household income data for Canyon County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Canyon County, median monthly gross rent as a fraction of median household income was 22.04% in 2017 according to the ACS.

Canyon 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%
Canyon County ID 22.04% +1.37% +0.73%

Trends in Canyon County ID Rent as a Fraction of Income

Canyon County renters paid 22.04% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Idaho Canyon County ID
2017 20.13% 18.89% 22.04%
2016 20.43% 18.30% 20.66%
2015 20.63% 19.14% 20.22%
2014 20.89% 18.93% 21.31%
2013 20.78% 18.60% 20.60%
2012 20.65% 18.52% 19.72%
2011 20.70% 19.08% 20.87%
2010 20.50% 18.85% 20.81%
2009 20.12% 18.54% 21.76%
2008 19.00% 17.40% 19.10%
2007 18.66% 16.97% 18.84%
2006 18.90% 17.44% 18.97%

Renter Fraction in Canyon County Idaho

You can calculate the renter fraction in Canyon 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 Canyon County as a fraction of total Canyon County households. In 2017 35.22% of households were renters according to Census ACS data.

Canyon 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%
Canyon County ID 35.22% +1.82% +1.04%

Trends in the Canyon County ID Renter Fraction

At 35.22%, the 2017 household based renter fraction in Canyon County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Canyon County

History of Canyon County Renter Fraction

Date US Idaho Canyon County ID
2017 36.13% 30.34% 35.22%
2016 36.88% 31.54% 33.40%
2015 36.97% 31.04% 30.50%
2014 36.90% 31.98% 34.18%
2013 36.50% 30.64% 33.44%
2012 36.09% 31.63% 31.83%
2011 35.42% 31.26% 29.48%
2010 34.65% 30.38% 30.03%
2009 34.13% 28.47% 30.10%
2008 33.36% 29.14% 28.21%
2007 32.80% 27.95% 27.87%
2006 32.73% 28.73% 25.84%

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.