Department of Numbers

Woodbury County Iowa Residential Rent and Rental Statistics

The median monthly gross residential rent in Woodbury County IA was $742 in 2017 according to the Census ACS survey.1 Average gross rent in Woodbury County was $703 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 Woodbury County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Woodbury County Iowa (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Iowa Median Gross Rent $760 +0.93% +4.40%
Woodbury County IA Median Gross Rent $742 +3.92% +10.58%

Woodbury County IA Real Gross Rent Trends

At $742, real median gross rent in Woodbury County was at its highest level in 2017 since the series began in 2005. Average gross rent for Woodbury County peaked in real terms in 2016 at $721 and is now $18 (2.50%) lower.

Real Gross Rent: Woodbury County IA Median, Woodbury County IA Average, Iowa Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Woodbury County

Date US
Median
Iowa
Median
Woodbury County IA
Median
Woodbury County IA
Average
2017 $1,012 $760 $742 $703
2016 $996 $753 $714 $721
2015 $987 $739 $726 $714
2014 $956 $728 $671 $688
2013 $924 $693 $688 $661
2012 $912 $682 $651 $686
2011 $912 $674 $640 $680
2010 $927 $682 $633 $638
2009 $931 $675 $665 $647
2008 $947 $697 $696 $700
2007 $899 $646 $640 $634
2006 $909 $695 $720 $654

Woodbury 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 Woodbury County Iowa was 4.80% according to Census ACS data.

Rental Vacancy Rate in Woodbury County Iowa

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Iowa 7.31% +1.07% +1.84%
Woodbury County IA 4.80% +0.95%

Trends in Woodbury County IA Rental Vacancy Rate

The rental vacancy rate in Woodbury County peaked in 2007 at 9.17%. Since then it has fallen by 4.37% to 4.80%. Data records for this series originated in 2005. From a 2013 post peak low of 3.12%, the rental vacancy rate has increased by 1.68%.

Rental Vacancy Rate: Woodbury County IA, Iowa, US

Rental vacancy rate in Iowa

Historical Rental Vacancy Rate data for Woodbury County

Date US Iowa Woodbury County IA
2017 6.18% 7.31% 4.80%
2016 5.89% 6.24%
2015 5.85% 6.41%
2014 6.32% 5.47% 3.85%
2013 6.49% 6.03% 3.12%
2012 6.77% 6.77%
2011 7.40% 6.64%
2010 8.17% 6.38%
2009 8.43% 5.97%
2008 7.86% 6.80%
2007 7.87% 7.54% 9.17%
2006 7.70% 6.28%

Rent as a Fraction of Income

Using median household income data for Woodbury County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Woodbury County, median monthly gross rent as a fraction of median household income was 16.11% in 2017 according to the ACS.

Woodbury County Iowa Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Iowa 15.57% -0.24% -0.31%
Woodbury County IA 16.11% -0.01% -1.47%

Trends in Woodbury County IA Rent as a Fraction of Income

The fraction of median Woodbury County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.02%. Since then it has fallen by 1.91% to 16.11%.

Fraction of Income towards Rent: Woodbury County IA, Iowa, US

Percent of median household income going towards median monthly gross rent in Woodbury County Iowa

Historical Data for Annual Rent as a Fraction of Income in Woodbury County Iowa

Date US Iowa Woodbury County IA
2017 20.13% 15.57% 16.11%
2016 20.43% 15.81% 16.12%
2015 20.63% 15.74% 16.56%
2014 20.89% 15.88% 17.58%
2013 20.78% 15.60% 17.74%
2012 20.65% 15.57% 18.02%
2011 20.70% 15.61% 17.28%
2010 20.50% 15.74% 16.60%
2009 20.12% 15.26% 16.45%
2008 19.00% 14.87% 16.98%
2007 18.66% 14.39% 15.13%
2006 18.90% 15.75% 17.50%

Renter Fraction in Woodbury County Iowa

You can calculate the renter fraction in Woodbury 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 Woodbury County as a fraction of total Woodbury County households. In 2017 33.79% of households were renters according to Census ACS data.

Woodbury County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Iowa 28.40% -0.97% -0.73%
Woodbury County IA 33.79% +0.06% -2.11%

Trends in the Woodbury County IA Renter Fraction

The Woodbury County household renter fraction peaked in in 2014 at 35.90% and is now 2.11% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Woodbury County IA, Iowa, US

Fraction of renters in Woodbury County

History of Woodbury County Renter Fraction

Date US Iowa Woodbury County IA
2017 36.13% 28.40% 33.79%
2016 36.88% 29.37% 33.73%
2015 36.97% 29.33% 34.35%
2014 36.90% 29.13% 35.90%
2013 36.50% 29.19% 32.31%
2012 36.09% 28.07% 32.67%
2011 35.42% 27.65% 34.30%
2010 34.65% 27.64% 34.17%
2009 34.13% 27.92% 34.47%
2008 33.36% 27.11% 31.88%
2007 32.80% 26.31% 30.51%
2006 32.73% 26.70% 29.89%

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.