Adams County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Adams County IL was $667 in 2017 according to the Census ACS survey.1 Average gross rent in Adams County was $629 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 Adams County median and average rent data will be released in September of 2019.
Data is also available below for Adams County rental vacancy rates, Adams County rent as a percent of median income and the fraction of renters in Adams County.
Real Gross Rent in Adams County Illinois (2017 dollars)2
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,012 | +1.61% | +5.86% |
| Illinois Median Gross Rent | $974 | +0.93% | +5.07% |
| Adams County IL Median Gross Rent | $667 | -3.33% | +7.23% |
Adams County IL Real Gross Rent Trends
Median gross rent for Adams County peaked in real terms in 2016 at $690 and is now $23 (3.33%) lower. Average gross rent for Adams County peaked in real terms in 2016 at $676 and is now $47 (6.95%) lower.
Real Gross Rent: Adams County IL Median, Adams County IL Average, Illinois Median, US Median
Real Gross Rent History for Adams County
| Date | US Median |
Illinois Median |
Adams County IL Median |
Adams County IL Average |
|---|---|---|---|---|
| 2017 | $1,012 | $974 | $667 | $629 |
| 2016 | $996 | $965 | $690 | $676 |
| 2015 | $987 | $963 | $562 | $605 |
| 2014 | $956 | $927 | $622 | $605 |
| 2013 | $924 | $904 | $544 | $557 |
| 2012 | $912 | $896 | $665 | $643 |
| 2011 | $912 | $900 | $580 | $592 |
| 2010 | $927 | $919 | $631 | $565 |
| 2009 | $931 | $915 | $631 | $585 |
| 2008 | $947 | $932 | $651 | $655 |
| 2007 | $899 | $892 | $546 | $546 |
| 2006 | $909 | $906 | $607 | $584 |
Adams 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 Adams County Illinois was 6.75% according to Census ACS data.
Rental Vacancy Rate in Adams County Illinois
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 6.18% | +0.29% | -0.14% |
| Illinois | 7.02% | +1.01% | +0.49% |
| Adams County IL | 6.75% | -1.12% | +2.80% |
Trends in Adams County IL Rental Vacancy Rate
The rental vacancy rate in Adams County peaked in 2008 at 8.65%. Since then it has fallen by 1.90% to 6.75%. Data records for this series originated in 2005. From a 2010 post peak low of 2.09%, the rental vacancy rate has increased by 4.66%.
Rental Vacancy Rate: Adams County IL, Illinois, US
Historical Rental Vacancy Rate data for Adams County
| Date | US | Illinois | Adams County IL |
|---|---|---|---|
| 2017 | 6.18% | 7.02% | 6.75% |
| 2016 | 5.89% | 6.01% | 7.87% |
| 2015 | 5.85% | 6.21% | — |
| 2014 | 6.32% | 6.53% | 3.95% |
| 2013 | 6.49% | 6.16% | 5.10% |
| 2012 | 6.77% | 6.39% | 4.86% |
| 2011 | 7.40% | 7.35% | 6.02% |
| 2010 | 8.17% | 7.66% | 2.09% |
| 2009 | 8.43% | 7.84% | — |
| 2008 | 7.86% | 6.87% | 8.65% |
| 2007 | 7.87% | 7.69% | — |
| 2006 | 7.70% | 8.69% | — |
Rent as a Fraction of Income
Using median household income data for Adams County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Adams County, median monthly gross rent as a fraction of median household income was 16.44% in 2017 according to the ACS.
Adams County Illinois Median Annual Rent as a Fraction of Median Household Income
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.13% | -0.30% | -0.76% |
| Illinois | 18.55% | -0.15% | -0.35% |
| Adams County IL | 16.44% | +0.66% | +0.47% |
Trends in Adams County IL Rent as a Fraction of Income
The fraction of median Adams County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.19%. Since then it has fallen by 0.75% to 16.44%.
Fraction of Income towards Rent: Adams County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Adams County Illinois
| Date | US | Illinois | Adams County IL |
|---|---|---|---|
| 2017 | 20.13% | 18.55% | 16.44% |
| 2016 | 20.43% | 18.70% | 15.78% |
| 2015 | 20.63% | 18.85% | 14.08% |
| 2014 | 20.89% | 18.91% | 15.97% |
| 2013 | 20.78% | 18.89% | 15.48% |
| 2012 | 20.65% | 18.89% | 16.69% |
| 2011 | 20.70% | 19.36% | 15.59% |
| 2010 | 20.50% | 19.21% | 17.19% |
| 2009 | 20.12% | 18.41% | 16.84% |
| 2008 | 19.00% | 17.31% | 15.17% |
| 2007 | 18.66% | 17.36% | 13.05% |
| 2006 | 18.90% | 17.56% | 15.60% |
Renter Fraction in Adams County Illinois
You can calculate the renter fraction in Adams 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 Adams County as a fraction of total Adams County households. In 2017 25.72% of households were renters according to Census ACS data.
Adams County Fraction of Renters by Household Units
| 2017 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 36.13% | -0.75% | -0.77% |
| Illinois | 33.82% | -0.92% | -0.69% |
| Adams County IL | 25.72% | -2.58% | -4.46% |
Trends in the Adams County IL Renter Fraction
The Adams County household renter fraction peaked in in 2013 at 36.28% and is now 10.56% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Adams County IL, Illinois, US
History of Adams County Renter Fraction
| Date | US | Illinois | Adams County IL |
|---|---|---|---|
| 2017 | 36.13% | 33.82% | 25.72% |
| 2016 | 36.88% | 34.74% | 28.30% |
| 2015 | 36.97% | 34.72% | 29.01% |
| 2014 | 36.90% | 34.51% | 30.18% |
| 2013 | 36.50% | 34.06% | 36.28% |
| 2012 | 36.09% | 33.40% | 28.20% |
| 2011 | 35.42% | 32.65% | 26.61% |
| 2010 | 34.65% | 32.27% | 29.49% |
| 2009 | 34.13% | 32.00% | 27.67% |
| 2008 | 33.36% | 30.73% | 24.47% |
| 2007 | 32.80% | 29.94% | 26.77% |
| 2006 | 32.73% | 30.12% | 30.50% |
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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