Pocatello Idaho Residential Rent and Rental Statistics
The median monthly gross residential rent in Pocatello, ID (the Pocatello metro area) was $667 in 2019 according to the Census ACS survey.1 Average gross rent in Pocatello was $645 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 Pocatello median and average rent data will be released in September of 2021.
Data is also available below for Pocatello rental vacancy rates, Pocatello rent as a percent of median income and the fraction of renters in Pocatello.
Real Gross Rent in Pocatello Idaho (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Idaho Median Gross Rent | $880 | +1.97% | +6.41% |
| Pocatello, ID Median Gross Rent | $667 | -5.79% | +0.45% |
Pocatello, ID Real Gross Rent Trends
Median gross rent for Pocatello peaked in real terms in 2005 at $741 and is now $74 (9.99%) lower. From a recent low of 606.0 in 2007, real median gross rent has now increased by $61 (10.07%). Average gross rent for Pocatello peaked in real terms in 2018 at $728 and is now $83 (11.40%) lower.
Real Gross Rent in Pocatello: Pocatello ID Median, Pocatello ID Average, Idaho Median, US Median
Real Gross Rent History for Pocatello
| Date | US Median |
Idaho Median |
Pocatello, ID Median |
Pocatello, ID Average |
|---|---|---|---|---|
| 2019 | $1,097 | $880 | $667 | $645 |
| 2018 | $1,077 | $863 | $708 | $728 |
| 2017 | $1,043 | $848 | $699 | $695 |
| 2016 | $1,027 | $827 | $664 | $635 |
| 2015 | $1,017 | $817 | $695 | $701 |
| 2014 | $986 | $797 | $675 | $697 |
| 2013 | $953 | $763 | $622 | $663 |
| 2012 | $940 | $747 | $608 | $645 |
| 2011 | $941 | $744 | $632 | $659 |
| 2010 | $955 | $763 | $643 | $603 |
| 2009 | $960 | $791 | $617 | $653 |
| 2007 | $927 | $768 | $606 | $653 |
| 2005 | $910 | $743 | $741 | $685 |
Pocatello Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Pocatello Idaho was 4.92% according to Census ACS data.
Rental Vacancy Rate in Pocatello Idaho
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Idaho | 3.96% | -1.39% | -1.41% |
| Pocatello, ID | 4.92% | — | -5.81% |
Trends in Pocatello, ID Rental Vacancy Rate
The rental vacancy rate in Pocatello peaked in 2016 at 10.73%. Since then it has fallen by 5.81% to 4.92%. Data records for this series originated in 2005.
Rental Vacancy Rate: Pocatello ID, Idaho, US
Historical Rental Vacancy Rate data for Pocatello
| Date | US | Idaho | Pocatello, ID |
|---|---|---|---|
| 2019 | 5.97% | 3.96% | 4.92% |
| 2018 | 6.15% | 5.35% | — |
| 2017 | 6.18% | 6.21% | 7.23% |
| 2016 | 5.89% | 5.37% | 10.73% |
| 2015 | 5.85% | 4.97% | 6.92% |
| 2014 | 6.32% | 5.23% | 5.56% |
| 2013 | 6.49% | 5.05% | 4.72% |
| 2012 | 6.77% | 6.45% | — |
| 2011 | 7.40% | 5.53% | — |
| 2010 | 8.17% | 7.93% | — |
| 2009 | 8.43% | 8.58% | — |
| 2007 | 7.87% | 6.21% | — |
| 2005 | 7.74% | 4.84% | — |
Rent as a Fraction of Income
Using median household income data for Pocatello, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pocatello, median monthly gross rent as a fraction of median household income was 15.51% in 2019 according to the ACS.
Pocatello Idaho Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Idaho | 17.31% | -1.00% | -0.99% |
| Pocatello, ID | 15.51% | -0.93% | -0.20% |
Trends in Pocatello, ID Rent as a Fraction of Income
The fraction of median Pocatello household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 19.71%. Since then it has fallen by 4.20% to 15.51%. From a 2007 low of 14.10%, the fraction of income going to rent has increased by 1.41%.
Fraction of Income towards Rent: Pocatello ID, Idaho, US
Historical Data for Annual Rent as a Fraction of Income in Pocatello Idaho
| Date | US | Idaho | Pocatello, ID |
|---|---|---|---|
| 2019 | 20.03% | 17.31% | 15.51% |
| 2018 | 20.50% | 18.31% | 16.43% |
| 2017 | 20.13% | 18.89% | 15.76% |
| 2016 | 20.43% | 18.30% | 15.71% |
| 2015 | 20.63% | 19.14% | 18.93% |
| 2014 | 20.89% | 18.93% | 17.42% |
| 2013 | 20.78% | 18.60% | 16.82% |
| 2012 | 20.65% | 18.52% | 16.19% |
| 2011 | 20.70% | 19.08% | 17.15% |
| 2010 | 20.50% | 18.85% | 17.61% |
| 2009 | 20.12% | 18.54% | 14.29% |
| 2007 | 18.66% | 16.97% | 14.10% |
| 2005 | 18.89% | 17.20% | 19.71% |
Renter Fraction in Pocatello Idaho
You can calculate the renter fraction in Pocatello 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 Pocatello as a fraction of total Pocatello households. In 2019 31.97% of households were renters according to Census ACS data.
Pocatello Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Idaho | 28.43% | -0.83% | -3.11% |
| Pocatello, ID | 31.97% | -2.76% | +3.06% |
Trends in the Pocatello, ID Renter Fraction
The Pocatello household renter fraction peaked in in 2015 at 37.54% and is now 5.57% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Pocatello ID, Idaho, US
History of Pocatello Renter Fraction
| Date | US | Idaho | Pocatello, ID |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 31.97% |
| 2018 | 36.05% | 29.26% | 34.73% |
| 2017 | 36.13% | 30.34% | 32.59% |
| 2016 | 36.88% | 31.54% | 28.91% |
| 2015 | 36.97% | 31.04% | 37.54% |
| 2014 | 36.90% | 31.98% | 29.36% |
| 2013 | 36.50% | 30.64% | 34.09% |
| 2012 | 36.09% | 31.63% | 32.69% |
| 2011 | 35.42% | 31.26% | 34.30% |
| 2010 | 34.65% | 30.38% | 30.48% |
| 2009 | 34.13% | 28.47% | 26.31% |
| 2007 | 32.80% | 27.95% | 28.44% |
| 2005 | 33.10% | 28.60% | 30.29% |
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. ↩
