Department of Numbers

Daviess County Kentucky Residential Rent and Rental Statistics

The median monthly gross residential rent in Daviess County KY was $790 in 2017 according to the Census ACS survey.1 Average gross rent in Daviess County was $781 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 Daviess County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Daviess 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%
Daviess County KY Median Gross Rent $790 +8.97% +19.52%

Daviess County KY Real Gross Rent Trends

At $790, real median gross rent in Daviess County was at its highest level in 2017 since the series began in 2005. At $781, real average gross rent in Daviess County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Daviess County

Date US
Median
Kentucky
Median
Daviess County KY
Median
Daviess County KY
Average
2017 $1,012 $724 $790 $781
2016 $996 $718 $725 $713
2015 $987 $722 $652 $643
2014 $956 $694 $661 $655
2013 $924 $682 $658 $675
2012 $912 $656 $661 $597
2011 $912 $656 $637 $610
2010 $927 $664 $612 $616
2009 $931 $678 $678 $618
2008 $947 $664 $596 $555
2007 $899 $641 $635 $581
2006 $909 $653 $607 $587

Daviess County 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 Daviess County Kentucky was 3.78% according to Census ACS data.

Rental Vacancy Rate in Daviess County Kentucky

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Kentucky 5.49% -0.33% -0.74%
Daviess County KY

Trends in Daviess County KY Rental Vacancy Rate

The rental vacancy rate in Daviess County peaked in 2009 at 13.22%. Since then it has fallen by 9.44% to 3.78%. Data records for this series originated in 2005.

Rental Vacancy Rate: Daviess County KY, Kentucky, US

Rental vacancy rate in Kentucky

Historical Rental Vacancy Rate data for Daviess County

Date US Kentucky Daviess County KY
2017 6.18% 5.49%
2016 5.89% 5.82%
2015 5.85% 6.01%
2014 6.32% 6.23% 3.78%
2013 6.49% 6.72% 4.67%
2012 6.77% 5.52%
2011 7.40% 7.90% 11.76%
2010 8.17% 7.53%
2009 8.43% 9.83% 13.22%
2008 7.86% 8.03% 4.15%
2007 7.87% 9.86% 12.69%
2006 7.70% 9.78% 7.91%

Rent as a Fraction of Income

Using median household income data for Daviess County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Daviess County, median monthly gross rent as a fraction of median household income was 19.15% in 2017 according to the ACS.

Daviess 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%
Daviess County KY 19.15% +2.60% +0.55%

Trends in Daviess County KY Rent as a Fraction of Income

Daviess County renters paid 19.15% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Kentucky Daviess County KY
2017 20.13% 17.96% 19.15%
2016 20.43% 18.18% 16.55%
2015 20.63% 18.63% 15.59%
2014 20.89% 18.94% 18.60%
2013 20.78% 18.47% 16.35%
2012 20.65% 18.29% 17.53%
2011 20.70% 18.26% 16.35%
2010 20.50% 18.36% 16.43%
2009 20.12% 18.36% 17.22%
2008 19.00% 16.70% 14.74%
2007 18.66% 16.78% 16.33%
2006 18.90% 16.70% 14.95%

Renter Fraction in Daviess County Kentucky

You can calculate the renter fraction in Daviess 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 Daviess County as a fraction of total Daviess County households. In 2017 33.40% of households were renters according to Census ACS data.

Daviess 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%
Daviess County KY 33.40% +3.34% -2.06%

Trends in the Daviess County KY Renter Fraction

The Daviess County household renter fraction peaked in in 2014 at 35.46% and is now 2.06% below that level. The origin year for the series is 2005.

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

Fraction of renters in Daviess County

History of Daviess County Renter Fraction

Date US Kentucky Daviess County KY
2017 36.13% 33.53% 33.40%
2016 36.88% 33.16% 30.06%
2015 36.97% 33.67% 29.53%
2014 36.90% 33.93% 35.46%
2013 36.50% 32.62% 30.51%
2012 36.09% 32.96% 30.14%
2011 35.42% 31.14% 28.20%
2010 34.65% 31.35% 31.39%
2009 34.13% 31.35% 33.61%
2008 33.36% 30.47% 32.92%
2007 32.80% 29.28% 31.39%
2006 32.73% 29.35% 27.93%

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.