Department of Numbers

Decatur Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Decatur, IL (the Decatur metro area) was $651 in 2016 according to the Census ACS survey.1 Average gross rent in Decatur was $677 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Decatur median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Decatur Illinois (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Illinois Median Gross Rent $950 +0.21% +6.74%
Decatur, IL Median Gross Rent $651 +2.04% -0.15%

Decatur, IL Real Gross Rent Trends

Median gross rent for Decatur peaked in real terms in 2011 at $692 and is now $41 (5.92%) lower. Average gross rent for Decatur peaked in real terms in 2007 at $706 and is now $29 (4.11%) lower. From a recent low of 601.0 in 2012, real average gross rent has now increased by $76 (12.65%).

Real Gross Rent in Decatur: Decatur IL Median, Decatur IL Average, Illinois Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Decatur

Date US
Median
Illinois
Median
Decatur, IL
Median
Decatur, IL
Average
2016 $981 $950 $651 $677
2015 $972 $948 $638 $664
2014 $942 $912 $618 $605
2013 $910 $890 $652 $678
2012 $898 $882 $666 $601
2011 $898 $886 $692 $701
2010 $912 $905 $660 $693
2009 $916 $901 $637 $661
2008 $932 $917 $684 $702
2007 $885 $879 $656 $706
2006 $895 $892 $626 $626
2005 $869 $876 $587 $604

Decatur Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Decatur Illinois was 5.73% according to Census ACS data.

Rental Vacancy Rate in Decatur Illinois

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Illinois 6.01% -0.20% -0.15%
Decatur, IL 5.73% +1.18% -1.95%

Trends in Decatur, IL Rental Vacancy Rate

The rental vacancy rate in Decatur peaked in 2011 at 10.37%. Since then it has fallen by 4.64% to 5.73%. Data records for this series originated in 2005. From a 2015 post peak low of 4.55%, the rental vacancy rate has increased by 1.18%.

Rental Vacancy Rate: Decatur IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Decatur

Date US Illinois Decatur, IL
2016 5.89% 6.01% 5.73%
2015 5.85% 6.21% 4.55%
2014 6.32% 6.53% 9.16%
2013 6.49% 6.16% 7.68%
2012 6.77% 6.39%
2011 7.40% 7.35% 10.37%
2010 8.17% 7.66% 6.02%
2009 8.43% 7.84%
2008 7.86% 6.87%
2007 7.87% 7.69% 4.72%
2006 7.70% 8.69% 4.97%
2005 7.74% 9.45% 6.15%

Rent as a Fraction of Income

Using median household income data for Decatur, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Decatur, median monthly gross rent as a fraction of median household income was 16.91% in 2016 according to the ACS.

Decatur Illinois Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Illinois 18.70% -0.15% -0.19%
Decatur, IL 16.91% +1.17% -0.01%

Trends in Decatur, IL Rent as a Fraction of Income

The fraction of median Decatur household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.13%. Since then it has fallen by 1.22% to 16.91%.

Fraction of Income towards Rent: Decatur IL, Illinois, US

Percent of median household income going towards median monthly gross rent in Decatur Illinois

Historical Data for Annual Rent as a Fraction of Income in Decatur Illinois

Date US Illinois Decatur, IL
2016 20.43% 18.70% 16.91%
2015 20.63% 18.85% 15.74%
2014 20.89% 18.91% 15.46%
2013 20.78% 18.89% 16.92%
2012 20.65% 18.89% 17.68%
2011 20.70% 19.36% 18.13%
2010 20.50% 19.21% 18.12%
2009 20.12% 18.41% 15.92%
2008 19.00% 17.31% 15.90%
2007 18.66% 17.36% 15.68%
2006 18.90% 17.56% 15.63%
2005 18.89% 17.52% 15.09%

Renter Fraction in Decatur Illinois

You can calculate the renter fraction in Decatur 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 Decatur as a fraction of total Decatur households. In 2016 32.98% of households were renters according to Census ACS data.

Decatur Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Illinois 34.74% +0.02% +0.68%
Decatur, IL 32.98% +0.48% +4.23%

Trends in the Decatur, IL Renter Fraction

At 32.98%, the 2016 household based renter fraction in Decatur was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Decatur IL, Illinois, US

Fraction of renters in Decatur

History of Decatur Renter Fraction

Date US Illinois Decatur, IL
2016 36.88% 34.74% 32.98%
2015 36.97% 34.72% 32.50%
2014 36.90% 34.51% 28.80%
2013 36.50% 34.06% 28.75%
2012 36.09% 33.40% 32.16%
2011 35.42% 32.65% 32.77%
2010 34.65% 32.27% 32.34%
2009 34.13% 32.00% 30.96%
2008 33.36% 30.73% 29.38%
2007 32.80% 29.94% 27.98%
2006 32.73% 30.12% 29.45%
2005 33.10% 30.13% 28.61%

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.