# Manhattan Kansas Residential Rent and Rental Statistics

The **median monthly gross residential rent in Manhattan, KS (the Manhattan metro area) was $891 in 2017** according to the Census ACS survey.^{1} **Average gross rent in Manhattan was $941 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 Manhattan median and average rent data will be released in September of 2019.

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

### Real Gross Rent in Manhattan Kansas (2017 dollars)^{2}

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $1,012 | +1.61% | +5.86% |

Kansas Median Gross Rent | $815 | +1.75% | +3.03% |

Manhattan, KS Median Gross Rent | $891 | -1.98% | -1.00% |

## Manhattan, KS Real Gross Rent Trends

Median gross rent for Manhattan peaked in real terms in 2015 at $957 and is now $66 (6.90%) lower. Average gross rent for Manhattan peaked in real terms in 2015 at $980 and is now $39 (3.98%) lower.

### Real Gross Rent in Manhattan: Manhattan KS Median, Manhattan KS Average, Kansas Median, US Median

## Real Gross Rent History for Manhattan

Date | US Median |
Kansas Median |
Manhattan, KS Median |
Manhattan, KS Average |
---|---|---|---|---|

2017 | $1,012 | $815 | $891 | $941 |

2016 | $996 | $801 | $909 | $969 |

2015 | $987 | $805 | $957 | $980 |

2014 | $956 | $791 | $900 | $901 |

2013 | $924 | $761 | $927 | $854 |

2012 | $912 | $734 | $860 | $844 |

2011 | $912 | $743 | $865 | $867 |

2010 | $927 | $739 | $879 | $851 |

2009 | $931 | $742 | $905 | $890 |

2008 | $947 | $751 | $825 | $830 |

2007 | $899 | $710 | $754 | $730 |

2006 | $909 | $725 | $779 | $720 |

## Manhattan Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.^{3} **In 2014 the rental vacancy rate for Manhattan Kansas was 8.22%** according to Census ACS data.

### Rental Vacancy Rate in Manhattan Kansas

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 6.18% | +0.29% | -0.14% |

Kansas | 7.49% | -0.81% | -0.96% |

Manhattan, KS | — | — | — |

## Trends in Manhattan, KS Rental Vacancy Rate

The rental vacancy rate in Manhattan peaked in 2011 at 11.47%. Since then it has fallen by 3.25% to 8.22%. Data records for this series originated in 2005.

### Rental Vacancy Rate: Manhattan KS, Kansas, US

## Historical Rental Vacancy Rate data for Manhattan

Date | US | Kansas | Manhattan, KS |
---|---|---|---|

2017 | 6.18% | 7.49% | — |

2016 | 5.89% | 8.30% | — |

2015 | 5.85% | 7.74% | — |

2014 | 6.32% | 8.45% | 8.22% |

2013 | 6.49% | 6.54% | 9.03% |

2012 | 6.77% | 6.92% | 7.61% |

2011 | 7.40% | 8.09% | 11.47% |

2010 | 8.17% | 7.42% | 9.32% |

2009 | 8.43% | 7.41% | 5.75% |

2008 | 7.86% | 6.21% | 7.44% |

2007 | 7.87% | 8.18% | 6.87% |

2006 | 7.70% | 7.16% | 4.31% |

## Rent as a Fraction of Income

Using median household income data for Manhattan, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. **For Manhattan, median monthly gross rent as a fraction of median household income was 21.09% in 2017** according to the ACS.

### Manhattan Kansas Median Annual Rent as a Fraction of Median Household Income

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.13% | -0.30% | -0.76% |

Kansas | 17.33% | +0.10% | -0.33% |

Manhattan, KS | 21.09% | +0.72% | +0.13% |

## Trends in Manhattan, KS Rent as a Fraction of Income

The fraction of median Manhattan household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 23.50%. Since then it has fallen by 2.41% to 21.09%.

### Fraction of Income towards Rent: Manhattan KS, Kansas, US

## Historical Data for Annual Rent as a Fraction of Income in Manhattan Kansas

Date | US | Kansas | Manhattan, KS |
---|---|---|---|

2017 | 20.13% | 17.33% | 21.09% |

2016 | 20.43% | 17.23% | 20.37% |

2015 | 20.63% | 17.41% | 22.16% |

2014 | 20.89% | 17.67% | 20.96% |

2013 | 20.78% | 17.54% | 23.50% |

2012 | 20.65% | 16.98% | 21.72% |

2011 | 20.70% | 17.38% | 23.22% |

2010 | 20.50% | 16.96% | 21.09% |

2009 | 20.12% | 16.84% | 22.45% |

2008 | 19.00% | 15.64% | 19.11% |

2007 | 18.66% | 15.76% | 19.79% |

2006 | 18.90% | 16.07% | 20.95% |

## Renter Fraction in Manhattan Kansas

You can calculate the renter fraction in Manhattan 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 Manhattan as a fraction of total Manhattan households. **In 2017 46.95% of households were renters** according to Census ACS data.

### Manhattan Fraction of Renters by Household Units

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.13% | -0.75% | -0.77% |

Kansas | 34.14% | -0.17% | +0.77% |

Manhattan, KS | 46.95% | -2.75% | -2.72% |

## Trends in the Manhattan, KS Renter Fraction

The Manhattan household renter fraction peaked in in 2009 at 51.27% and is now 4.32% below that level. The origin year for the series is 2005.

### Fraction of Renting Households: Manhattan KS, Kansas, US

## History of Manhattan Renter Fraction

Date | US | Kansas | Manhattan, KS |
---|---|---|---|

2017 | 36.13% | 34.14% | 46.95% |

2016 | 36.88% | 34.31% | 49.70% |

2015 | 36.97% | 33.58% | 49.56% |

2014 | 36.90% | 33.37% | 49.67% |

2013 | 36.50% | 33.94% | 48.44% |

2012 | 36.09% | 33.64% | 50.58% |

2011 | 35.42% | 32.19% | 51.17% |

2010 | 34.65% | 31.93% | 50.28% |

2009 | 34.13% | 32.20% | 51.27% |

2008 | 33.36% | 30.57% | 45.87% |

2007 | 32.80% | 29.84% | 44.04% |

2006 | 32.73% | 30.07% | 44.04% |

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. ↩