Department of Numbers

Mchenry County Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Mchenry County IL was $1,153 in 2017 according to the Census ACS survey.1 Average gross rent in Mchenry County was $1,212 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 Mchenry County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Mchenry 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%
Mchenry County IL Median Gross Rent $1,153 -2.95% +7.46%

Mchenry County IL Real Gross Rent Trends

Median gross rent for Mchenry County peaked in real terms in 2016 at $1,188 and is now $35 (2.95%) lower. At $1,212, real average gross rent in Mchenry County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mchenry County

Date US
Median
Illinois
Median
Mchenry County IL
Median
Mchenry County IL
Average
2017 $1,012 $974 $1,153 $1,212
2016 $996 $965 $1,188 $1,192
2015 $987 $963 $1,169 $1,198
2014 $956 $927 $1,073 $1,102
2013 $924 $904 $1,123 $1,107
2012 $912 $896 $1,009 $1,029
2011 $912 $900 $1,088 $1,035
2010 $927 $919 $1,095 $1,172
2009 $931 $915 $1,129 $1,133
2008 $947 $932 $1,144 $1,123
2007 $899 $892 $1,036 $1,106
2006 $909 $906 $1,091 $1,118

Mchenry 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 Mchenry County Illinois was 4.44% according to Census ACS data.

Rental Vacancy Rate in Mchenry County Illinois

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Illinois 7.02% +1.01% +0.49%
Mchenry County IL 4.44% +0.09% +0.72%

Trends in Mchenry County IL Rental Vacancy Rate

The rental vacancy rate in Mchenry County peaked in 2011 at 11.41%. Since then it has fallen by 6.97% to 4.44%. Data records for this series originated in 2005. From a 2013 post peak low of 3.53%, the rental vacancy rate has increased by 0.91%.

Rental Vacancy Rate: Mchenry County IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Mchenry County

Date US Illinois Mchenry County IL
2017 6.18% 7.02% 4.44%
2016 5.89% 6.01% 4.35%
2015 5.85% 6.21% 6.30%
2014 6.32% 6.53% 3.72%
2013 6.49% 6.16% 3.53%
2012 6.77% 6.39% 5.77%
2011 7.40% 7.35% 11.41%
2010 8.17% 7.66% 4.45%
2009 8.43% 7.84% 8.24%
2008 7.86% 6.87% 5.57%
2007 7.87% 7.69% 5.23%
2006 7.70% 8.69% 6.91%

Rent as a Fraction of Income

Using median household income data for Mchenry County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mchenry County, median monthly gross rent as a fraction of median household income was 16.02% in 2017 according to the ACS.

Mchenry 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%
Mchenry County IL 16.02% -1.30% -0.39%

Trends in Mchenry County IL Rent as a Fraction of Income

The fraction of median Mchenry County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.78%. Since then it has fallen by 1.76% to 16.02%.

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

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

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

Date US Illinois Mchenry County IL
2017 20.13% 18.55% 16.02%
2016 20.43% 18.70% 17.32%
2015 20.63% 18.85% 17.01%
2014 20.89% 18.91% 16.41%
2013 20.78% 18.89% 17.50%
2012 20.65% 18.89% 15.30%
2011 20.70% 19.36% 17.78%
2010 20.50% 19.21% 17.60%
2009 20.12% 18.41% 16.45%
2008 19.00% 17.31% 15.00%
2007 18.66% 17.36% 14.88%
2006 18.90% 17.56% 15.28%

Renter Fraction in Mchenry County Illinois

You can calculate the renter fraction in Mchenry 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 Mchenry County as a fraction of total Mchenry County households. In 2017 20.02% of households were renters according to Census ACS data.

Mchenry 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%
Mchenry County IL 20.02% -3.00% -0.99%

Trends in the Mchenry County IL Renter Fraction

The Mchenry County household renter fraction peaked in in 2016 at 23.02% and is now 3.00% below that level. The origin year for the series is 2005.

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

Fraction of renters in Mchenry County

History of Mchenry County Renter Fraction

Date US Illinois Mchenry County IL
2017 36.13% 33.82% 20.02%
2016 36.88% 34.74% 23.02%
2015 36.97% 34.72% 21.66%
2014 36.90% 34.51% 21.01%
2013 36.50% 34.06% 19.98%
2012 36.09% 33.40% 19.89%
2011 35.42% 32.65% 15.64%
2010 34.65% 32.27% 17.14%
2009 34.13% 32.00% 16.72%
2008 33.36% 30.73% 14.93%
2007 32.80% 29.94% 15.35%
2006 32.73% 30.12% 15.93%

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.