Department of Numbers

Tazewell County Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Tazewell County IL was $726 in 2017 according to the Census ACS survey.1 Average gross rent in Tazewell County was $764 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 Tazewell County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Tazewell 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%
Tazewell County IL Median Gross Rent $726 -1.89% +1.68%

Tazewell County IL Real Gross Rent Trends

Median gross rent for Tazewell County peaked in real terms in 2008 at $752 and is now $26 (3.46%) lower. Average gross rent for Tazewell County peaked in real terms in 2014 at $803 and is now $39 (4.86%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tazewell County

Date US
Median
Illinois
Median
Tazewell County IL
Median
Tazewell County IL
Average
2017 $1,012 $974 $726 $764
2016 $996 $965 $740 $740
2015 $987 $963 $697 $742
2014 $956 $927 $714 $803
2013 $924 $904 $692 $676
2012 $912 $896 $685 $688
2011 $912 $900 $669 $665
2010 $927 $919 $661 $656
2009 $931 $915 $727 $705
2008 $947 $932 $752 $720
2007 $899 $892 $739 $749
2006 $909 $906 $670 $735

Tazewell 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 Tazewell County Illinois was 9.65% according to Census ACS data.

Rental Vacancy Rate in Tazewell County Illinois

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Illinois 7.02% +1.01% +0.49%
Tazewell County IL 9.65% +3.59% +3.37%

Trends in Tazewell County IL Rental Vacancy Rate

The rental vacancy rate in Tazewell County peaked in 2005 at 11.43%. Since then it has fallen by 1.78% to 9.65%. Data records for this series originated in 2005. From a 2012 post peak low of 4.31%, the rental vacancy rate has increased by 5.34%.

Rental Vacancy Rate: Tazewell County IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Tazewell County

Date US Illinois Tazewell County IL
2017 6.18% 7.02% 9.65%
2016 5.89% 6.01% 6.06%
2015 5.85% 6.21% 11.12%
2014 6.32% 6.53% 6.28%
2013 6.49% 6.16%
2012 6.77% 6.39% 4.31%
2011 7.40% 7.35% 5.48%
2010 8.17% 7.66%
2009 8.43% 7.84%
2008 7.86% 6.87% 8.63%
2007 7.87% 7.69% 6.68%
2006 7.70% 8.69% 6.19%

Rent as a Fraction of Income

Using median household income data for Tazewell County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tazewell County, median monthly gross rent as a fraction of median household income was 14.45% in 2017 according to the ACS.

Tazewell 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%
Tazewell County IL 14.45% -0.10% +0.69%

Trends in Tazewell County IL Rent as a Fraction of Income

The fraction of median Tazewell County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 15.57%. Since then it has fallen by 1.13% to 14.45%. From a 2012 low of 12.99%, the fraction of income going to rent has increased by 1.46%.

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

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

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

Date US Illinois Tazewell County IL
2017 20.13% 18.55% 14.45%
2016 20.43% 18.70% 14.54%
2015 20.63% 18.85% 14.25%
2014 20.89% 18.91% 13.76%
2013 20.78% 18.89% 14.36%
2012 20.65% 18.89% 12.99%
2011 20.70% 19.36% 15.57%
2010 20.50% 19.21% 14.65%
2009 20.12% 18.41% 14.75%
2008 19.00% 17.31% 14.06%
2007 18.66% 17.36% 14.88%
2006 18.90% 17.56% 13.59%

Renter Fraction in Tazewell County Illinois

You can calculate the renter fraction in Tazewell 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 Tazewell County as a fraction of total Tazewell County households. In 2017 24.76% of households were renters according to Census ACS data.

Tazewell 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%
Tazewell County IL 24.76% +1.58% +1.30%

Trends in the Tazewell County IL Renter Fraction

The Tazewell County household renter fraction peaked in in 2013 at 26.91% and is now 2.15% below that level. The origin year for the series is 2005.

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

Fraction of renters in Tazewell County

History of Tazewell County Renter Fraction

Date US Illinois Tazewell County IL
2017 36.13% 33.82% 24.76%
2016 36.88% 34.74% 23.18%
2015 36.97% 34.72% 21.43%
2014 36.90% 34.51% 23.46%
2013 36.50% 34.06% 26.91%
2012 36.09% 33.40% 25.62%
2011 35.42% 32.65% 24.15%
2010 34.65% 32.27% 21.81%
2009 34.13% 32.00% 22.45%
2008 33.36% 30.73% 21.02%
2007 32.80% 29.94% 23.37%
2006 32.73% 30.12% 23.64%

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.