Department of Numbers

Bullitt County Kentucky Residential Rent and Rental Statistics

The median monthly gross residential rent in Bullitt County KY was $831 in 2017 according to the Census ACS survey.1 Average gross rent in Bullitt County was $713 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 Bullitt County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bullitt County Kentucky (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Kentucky Median Gross Rent $724 +0.84% +4.32%
Bullitt County KY Median Gross Rent $831 +16.55% +4.40%

Bullitt County KY Real Gross Rent Trends

At $831, real median gross rent in Bullitt County was at its highest level in 2017 since the series began in 2005. Average gross rent for Bullitt County peaked in real terms in 2014 at $814 and is now $101 (12.41%) lower.

Real Gross Rent: Bullitt County KY Median, Bullitt County KY Average, Kentucky Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bullitt County

Date US
Median
Kentucky
Median
Bullitt County KY
Median
Bullitt County KY
Average
2017 $1,012 $724 $831 $713
2016 $996 $718 $713 $650
2015 $987 $722 $800 $718
2014 $956 $694 $796 $814
2013 $924 $682 $802 $713
2012 $912 $656 $701 $738
2011 $912 $656 $719 $702
2010 $927 $664 $824 $804
2009 $931 $678 $809 $756
2008 $947 $664 $770 $705
2007 $899 $641 $668 $641
2006 $909 $653 $743 $644

Historical Rental Vacancy Rate data for Bullitt County

Date US Kentucky Bullitt County KY
2017 6.18% 5.49%
2016 5.89% 5.82%
2015 5.85% 6.01%
2014 6.32% 6.23%
2013 6.49% 6.72%
2012 6.77% 5.52%
2011 7.40% 7.90%
2010 8.17% 7.53%
2009 8.43% 9.83%
2008 7.86% 8.03%
2007 7.87% 9.86%
2006 7.70% 9.78%

Rent as a Fraction of Income

Using median household income data for Bullitt County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bullitt County, median monthly gross rent as a fraction of median household income was 16.00% in 2017 according to the ACS.

Bullitt County Kentucky Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Kentucky 17.96% -0.22% -0.98%
Bullitt County KY 16.00% +3.11% -1.05%

Trends in Bullitt County KY Rent as a Fraction of Income

The fraction of median Bullitt County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 18.94%. Since then it has fallen by 2.94% to 16.00%. From a 2016 low of 12.89%, the fraction of income going to rent has increased by 3.11%.

Fraction of Income towards Rent: Bullitt County KY, Kentucky, US

Percent of median household income going towards median monthly gross rent in Bullitt County Kentucky

Historical Data for Annual Rent as a Fraction of Income in Bullitt County Kentucky

Date US Kentucky Bullitt County KY
2017 20.13% 17.96% 16.00%
2016 20.43% 18.18% 12.89%
2015 20.63% 18.63% 17.47%
2014 20.89% 18.94% 17.05%
2013 20.78% 18.47% 15.63%
2012 20.65% 18.29% 14.08%
2011 20.70% 18.26% 16.00%
2010 20.50% 18.36% 17.99%
2009 20.12% 18.36% 18.94%
2008 19.00% 16.70% 15.30%
2007 18.66% 16.78% 14.90%
2006 18.90% 16.70% 14.36%

Renter Fraction in Bullitt County Kentucky

You can calculate the renter fraction in Bullitt 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 Bullitt County as a fraction of total Bullitt County households. In 2017 21.83% of households were renters according to Census ACS data.

Bullitt County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Kentucky 33.53% +0.37% -0.40%
Bullitt County KY 21.83% +4.56% +1.35%

Trends in the Bullitt County KY Renter Fraction

At 21.83%, the 2017 household based renter fraction in Bullitt County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Bullitt County KY, Kentucky, US

Fraction of renters in Bullitt County

History of Bullitt County Renter Fraction

Date US Kentucky Bullitt County KY
2017 36.13% 33.53% 21.83%
2016 36.88% 33.16% 17.27%
2015 36.97% 33.67% 21.30%
2014 36.90% 33.93% 20.48%
2013 36.50% 32.62% 13.58%
2012 36.09% 32.96% 16.69%
2011 35.42% 31.14% 20.74%
2010 34.65% 31.35% 19.37%
2009 34.13% 31.35% 18.19%
2008 33.36% 30.47% 17.57%
2007 32.80% 29.28% 19.31%
2006 32.73% 29.35% 17.53%

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.