Department of Numbers

Kane County Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Kane County IL was $1,092 in 2017 according to the Census ACS survey.1 Average gross rent in Kane County was $1,096 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 Kane County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Kane 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%
Kane County IL Median Gross Rent $1,092 +0.55% -0.82%

Kane County IL Real Gross Rent Trends

Median gross rent for Kane County peaked in real terms in 2014 at $1,101 and is now $9 (0.82%) lower. Average gross rent for Kane County peaked in real terms in 2015 at $1,128 and is now $32 (2.84%) lower.

Real Gross Rent: Kane County IL Median, Kane County IL Average, Illinois Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kane County

Date US
Median
Illinois
Median
Kane County IL
Median
Kane County IL
Average
2017 $1,012 $974 $1,092 $1,096
2016 $996 $965 $1,086 $1,112
2015 $987 $963 $1,082 $1,128
2014 $956 $927 $1,101 $1,119
2013 $924 $904 $992 $1,033
2012 $912 $896 $1,002 $1,036
2011 $912 $900 $1,001 $1,064
2010 $927 $919 $1,018 $1,044
2009 $931 $915 $1,043 $1,042
2008 $947 $932 $1,069 $1,083
2007 $899 $892 $964 $1,000
2006 $909 $906 $1,052 $1,103

Kane 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 Kane County Illinois was 1.60% according to Census ACS data.

Rental Vacancy Rate in Kane County Illinois

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Illinois 7.02% +1.01% +0.49%
Kane County IL 1.60% -4.69% -2.98%

Trends in Kane County IL Rental Vacancy Rate

The rental vacancy rate in Kane County peaked in 2005 at 9.58%. Since then it has fallen by 7.98% to 1.60%. Data records for this series originated in 2005.

Rental Vacancy Rate: Kane County IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Kane County

Date US Illinois Kane County IL
2017 6.18% 7.02% 1.60%
2016 5.89% 6.01% 6.29%
2015 5.85% 6.21% 2.64%
2014 6.32% 6.53% 4.58%
2013 6.49% 6.16% 3.94%
2012 6.77% 6.39%
2011 7.40% 7.35% 6.15%
2010 8.17% 7.66% 6.33%
2009 8.43% 7.84% 8.94%
2008 7.86% 6.87% 6.03%
2007 7.87% 7.69% 4.99%
2006 7.70% 8.69%

Rent as a Fraction of Income

Using median household income data for Kane County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kane County, median monthly gross rent as a fraction of median household income was 17.33% in 2017 according to the ACS.

Kane 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%
Kane County IL 17.33% -0.16% -0.46%

Trends in Kane County IL Rent as a Fraction of Income

The fraction of median Kane County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.03%. Since then it has fallen by 0.70% to 17.33%.

Fraction of Income towards Rent: Kane County IL, Illinois, US

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

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

Date US Illinois Kane County IL
2017 20.13% 18.55% 17.33%
2016 20.43% 18.70% 17.49%
2015 20.63% 18.85% 17.94%
2014 20.89% 18.91% 17.78%
2013 20.78% 18.89% 16.16%
2012 20.65% 18.89% 18.03%
2011 20.70% 19.36% 17.25%
2010 20.50% 19.21% 17.15%
2009 20.12% 18.41% 17.01%
2008 19.00% 17.31% 16.77%
2007 18.66% 17.36% 14.82%
2006 18.90% 17.56% 16.62%

Renter Fraction in Kane County Illinois

You can calculate the renter fraction in Kane 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 Kane County as a fraction of total Kane County households. In 2017 24.92% of households were renters according to Census ACS data.

Kane 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%
Kane County IL 24.92% -3.44% -2.35%

Trends in the Kane County IL Renter Fraction

The Kane County household renter fraction peaked in in 2015 at 29.18% and is now 4.26% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Kane County IL, Illinois, US

Fraction of renters in Kane County

History of Kane County Renter Fraction

Date US Illinois Kane County IL
2017 36.13% 33.82% 24.92%
2016 36.88% 34.74% 28.36%
2015 36.97% 34.72% 29.18%
2014 36.90% 34.51% 27.27%
2013 36.50% 34.06% 25.99%
2012 36.09% 33.40% 24.49%
2011 35.42% 32.65% 27.18%
2010 34.65% 32.27% 23.31%
2009 34.13% 32.00% 23.02%
2008 33.36% 30.73% 23.76%
2007 32.80% 29.94% 22.16%
2006 32.73% 30.12% 22.30%

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.