Department of Numbers

Twin Falls County Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Twin Falls County ID was $769 in 2017 according to the Census ACS survey.1 Average gross rent in Twin Falls County was $786 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 Twin Falls County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Twin Falls 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%
Twin Falls County ID Median Gross Rent $769 -10.48% +10.17%

Twin Falls County ID Real Gross Rent Trends

Median gross rent for Twin Falls County peaked in real terms in 2016 at $859 and is now $90 (10.48%) lower. Average gross rent for Twin Falls County peaked in real terms in 2016 at $842 and is now $56 (6.65%) lower.

Real Gross Rent: Twin Falls County ID Median, Twin Falls County ID Average, Idaho Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Twin Falls County

Date US
Median
Idaho
Median
Twin Falls County ID
Median
Twin Falls County ID
Average
2017 $1,012 $822 $769 $786
2016 $996 $802 $859 $842
2015 $987 $792 $770 $774
2014 $956 $773 $698 $646
2013 $924 $740 $749 $768
2012 $912 $724 $688 $663
2011 $912 $722 $678 $679
2010 $927 $740 $764 $707
2009 $931 $767 $755 $734
2008 $947 $793 $683 $654
2007 $899 $745 $700 $744
2006 $909 $742 $695 $638

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

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

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Twin Falls County

Date US Idaho Twin Falls County ID
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%
2008 7.86% 7.56%
2007 7.87% 6.21% 12.92%
2006 7.70% 5.25%

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 17.89% in 2017 according to the ACS.

Twin Falls 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%
Twin Falls County ID 17.89% -1.94% -0.87%

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 2.28% to 17.89%.

Fraction of Income towards Rent: Twin Falls County ID, Idaho, US

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

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

Date US Idaho Twin Falls County ID
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%
2008 19.00% 17.40% 17.37%
2007 18.66% 16.97% 18.79%
2006 18.90% 17.44% 17.79%

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 2017 25.46% of households were renters according to Census ACS data.

Twin Falls 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%
Twin Falls County ID 25.46% -6.04% -7.48%

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 13.63% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Twin Falls County ID, Idaho, US

Fraction of renters in Twin Falls County

History of Twin Falls County Renter Fraction

Date US Idaho Twin Falls County ID
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%
2008 33.36% 29.14% 29.64%
2007 32.80% 27.95% 28.47%
2006 32.73% 28.73% 36.22%

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.