Twin Falls County Idaho Residential Rent and Rental Statistics
The median monthly gross residential rent in Twin Falls County ID was $777 in 2019 according to the Census ACS survey.1 Average gross rent in Twin Falls County was $723 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 Twin Falls County median and average rent data will be released in September of 2021.
Data is also available below for Twin Falls County rental vacancy rates, Twin Falls County rent as a percent of median income and the fraction of renters in Twin Falls County.
Real Gross Rent in Twin Falls County 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% |
| Twin Falls County ID Median Gross Rent | $777 | -0.77% | -12.30% |
Twin Falls County ID Real Gross Rent Trends
Median gross rent for Twin Falls County peaked in real terms in 2016 at $886 and is now $109 (12.30%) lower. Average gross rent for Twin Falls County peaked in real terms in 2016 at $868 and is now $145 (16.71%) lower.
Real Gross Rent: Twin Falls County ID Median, Twin Falls County ID Average, Idaho Median, US Median
Real Gross Rent History for Twin Falls County
| Date | US Median |
Idaho Median |
Twin Falls County ID Median |
Twin Falls County ID Average |
|---|---|---|---|---|
| 2019 | $1,097 | $880 | $777 | $723 |
| 2018 | $1,077 | $863 | $783 | $765 |
| 2017 | $1,043 | $848 | $793 | $810 |
| 2016 | $1,027 | $827 | $886 | $868 |
| 2015 | $1,017 | $817 | $793 | $798 |
| 2014 | $986 | $797 | $720 | $666 |
| 2013 | $953 | $763 | $772 | $792 |
| 2012 | $940 | $747 | $710 | $684 |
| 2011 | $941 | $744 | $699 | $700 |
| 2010 | $955 | $763 | $788 | $729 |
| 2009 | $960 | $791 | $778 | $757 |
| 2007 | $927 | $768 | $721 | $767 |
| 2005 | $910 | $743 | $696 | $661 |
Twin Falls County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2011 the rental vacancy rate for Twin Falls County Idaho was 5.89% according to Census ACS data.
Rental Vacancy Rate in Twin Falls County Idaho
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Idaho | 3.96% | -1.39% | -1.41% |
| Twin Falls County ID | — | — | — |
Trends in Twin Falls County ID Rental Vacancy Rate
The rental vacancy rate in Twin Falls County peaked in 2007 at 12.92%. Since then it has fallen by 7.03% to 5.89%. Data records for this series originated in 2005.
Rental Vacancy Rate: Twin Falls County ID, Idaho, US
Historical Rental Vacancy Rate data for Twin Falls County
| Date | US | Idaho | Twin Falls County ID |
|---|---|---|---|
| 2019 | 5.97% | 3.96% | — |
| 2018 | 6.15% | 5.35% | — |
| 2017 | 6.18% | 6.21% | — |
| 2016 | 5.89% | 5.37% | — |
| 2015 | 5.85% | 4.97% | — |
| 2014 | 6.32% | 5.23% | — |
| 2013 | 6.49% | 5.05% | — |
| 2012 | 6.77% | 6.45% | — |
| 2011 | 7.40% | 5.53% | 5.89% |
| 2010 | 8.17% | 7.93% | 11.90% |
| 2009 | 8.43% | 8.58% | 11.78% |
| 2007 | 7.87% | 6.21% | 12.92% |
| 2005 | 7.74% | 4.84% | — |
Rent as a Fraction of Income
Using median household income data for Twin Falls County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Twin Falls County, median monthly gross rent as a fraction of median household income was 16.57% in 2019 according to the ACS.
Twin Falls County 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% |
| Twin Falls County ID | 16.57% | -1.46% | -3.26% |
Trends in Twin Falls County ID Rent as a Fraction of Income
The fraction of median Twin Falls County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 20.17%. Since then it has fallen by 3.60% to 16.57%.
Fraction of Income towards Rent: Twin Falls County ID, Idaho, US
Historical Data for Annual Rent as a Fraction of Income in Twin Falls County Idaho
| Date | US | Idaho | Twin Falls County ID |
|---|---|---|---|
| 2019 | 20.03% | 17.31% | 16.57% |
| 2018 | 20.50% | 18.31% | 18.02% |
| 2017 | 20.13% | 18.89% | 17.89% |
| 2016 | 20.43% | 18.30% | 19.82% |
| 2015 | 20.63% | 19.14% | 19.73% |
| 2014 | 20.89% | 18.93% | 18.76% |
| 2013 | 20.78% | 18.60% | 18.56% |
| 2012 | 20.65% | 18.52% | 19.64% |
| 2011 | 20.70% | 19.08% | 18.48% |
| 2010 | 20.50% | 18.85% | 20.09% |
| 2009 | 20.12% | 18.54% | 20.17% |
| 2007 | 18.66% | 16.97% | 18.79% |
| 2005 | 18.89% | 17.20% | 17.27% |
Renter Fraction in Twin Falls County Idaho
You can calculate the renter fraction in Twin Falls 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 Twin Falls County as a fraction of total Twin Falls County households. In 2019 31.08% of households were renters according to Census ACS data.
Twin Falls County 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% |
| Twin Falls County ID | 31.08% | +0.34% | -0.42% |
Trends in the Twin Falls County ID Renter Fraction
The Twin Falls County household renter fraction peaked in in 2011 at 39.09% and is now 8.01% below that level. From a recent low of 25.46% in 2017, the household based renter fraction has now grown by 5.62%. The origin year for the series is 2005.
Fraction of Renting Households: Twin Falls County ID, Idaho, US
History of Twin Falls County Renter Fraction
| Date | US | Idaho | Twin Falls County ID |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 31.08% |
| 2018 | 36.05% | 29.26% | 30.74% |
| 2017 | 36.13% | 30.34% | 25.46% |
| 2016 | 36.88% | 31.54% | 31.50% |
| 2015 | 36.97% | 31.04% | 32.74% |
| 2014 | 36.90% | 31.98% | 32.94% |
| 2013 | 36.50% | 30.64% | 33.33% |
| 2012 | 36.09% | 31.63% | 31.30% |
| 2011 | 35.42% | 31.26% | 39.09% |
| 2010 | 34.65% | 30.38% | 34.27% |
| 2009 | 34.13% | 28.47% | 34.50% |
| 2007 | 32.80% | 27.95% | 28.47% |
| 2005 | 33.10% | 28.60% | 32.60% |
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. ↩
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