Mccracken County Kentucky Residential Rent and Rental Statistics
The median monthly gross residential rent in Mccracken County KY was $692 in 2019 according to the Census ACS survey.1 Average gross rent in Mccracken County was $652 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Mccracken County median and average rent data will be released in September of 2021.
Data is also available below for Mccracken County rental vacancy rates, Mccracken County rent as a percent of median income and the fraction of renters in Mccracken County.
Real Gross Rent in Mccracken County Kentucky (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Kentucky Median Gross Rent | $773 | -2.52% | +4.46% |
| Mccracken County KY Median Gross Rent | $692 | -11.28% | -7.61% |
Mccracken County KY Real Gross Rent Trends
Median gross rent for Mccracken County peaked in real terms in 2018 at $780 and is now $88 (11.28%) lower. Average gross rent for Mccracken County peaked in real terms in 2018 at $708 and is now $56 (7.91%) lower.
Real Gross Rent: Mccracken County KY Median, Mccracken County KY Average, Kentucky Median, US Median
Real Gross Rent History for Mccracken County
| Date | US Median |
Kentucky Median |
Mccracken County KY Median |
Mccracken County KY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $773 | $692 | $652 |
| 2018 | $1,077 | $793 | $780 | $708 |
| 2017 | $1,043 | $747 | $646 | $649 |
| 2016 | $1,027 | $740 | $749 | $622 |
| 2015 | $1,017 | $745 | $642 | $668 |
| 2014 | $986 | $716 | $673 | $669 |
| 2013 | $953 | $703 | $615 | $593 |
| 2012 | $940 | $677 | $615 | $591 |
| 2011 | $941 | $676 | $584 | $543 |
| 2010 | $955 | $685 | $602 | $581 |
| 2009 | $960 | $699 | $618 | $607 |
| 2007 | $927 | $661 | — | — |
| 2005 | $910 | $659 | — | — |
Mccracken 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 Mccracken County Kentucky was 6.70% according to Census ACS data.
Rental Vacancy Rate in Mccracken County Kentucky
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Kentucky | 6.36% | +0.18% | +0.54% |
| Mccracken County KY | — | — | — |
Trends in Mccracken County KY Rental Vacancy Rate
The rental vacancy rate in Mccracken County peaked in 2013 at 9.56%. Since then it has fallen by 2.86% to 6.70%. Data records for this series originated in 2008. From a 2014 post peak low of 2.57%, the rental vacancy rate has increased by 4.13%.
Rental Vacancy Rate: Mccracken County KY, Kentucky, US
Historical Rental Vacancy Rate data for Mccracken County
| Date | US | Kentucky | Mccracken County KY |
|---|---|---|---|
| 2019 | 5.97% | 6.36% | — |
| 2018 | 6.15% | 6.18% | — |
| 2017 | 6.18% | 5.49% | 6.70% |
| 2016 | 5.89% | 5.82% | — |
| 2015 | 5.85% | 6.01% | 6.45% |
| 2014 | 6.32% | 6.23% | 2.57% |
| 2013 | 6.49% | 6.72% | 9.56% |
| 2012 | 6.77% | 5.52% | 5.16% |
| 2011 | 7.40% | 7.90% | 5.50% |
| 2010 | 8.17% | 7.53% | 7.40% |
| 2009 | 8.43% | 9.83% | — |
| 2007 | 7.87% | 9.86% | — |
| 2005 | 7.74% | 7.99% | — |
Rent as a Fraction of Income
Using median household income data for Mccracken County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mccracken County, median monthly gross rent as a fraction of median household income was 18.42% in 2019 according to the ACS.
Mccracken County Kentucky Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Kentucky | 17.74% | -0.87% | -0.45% |
| Mccracken County KY | 18.42% | -0.83% | -3.55% |
Trends in Mccracken County KY Rent as a Fraction of Income
The fraction of median Mccracken County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2008 series origin) at 21.97%. Since then it has fallen by 3.55% to 18.42%.
Fraction of Income towards Rent: Mccracken County KY, Kentucky, US
Historical Data for Annual Rent as a Fraction of Income in Mccracken County Kentucky
| Date | US | Kentucky | Mccracken County KY |
|---|---|---|---|
| 2019 | 20.03% | 17.74% | 18.42% |
| 2018 | 20.50% | 18.60% | 19.24% |
| 2017 | 20.13% | 17.96% | 15.22% |
| 2016 | 20.43% | 18.18% | 21.97% |
| 2015 | 20.63% | 18.63% | 14.20% |
| 2014 | 20.89% | 18.94% | 20.82% |
| 2013 | 20.78% | 18.47% | 17.01% |
| 2012 | 20.65% | 18.29% | 16.08% |
| 2011 | 20.70% | 18.26% | 14.36% |
| 2010 | 20.50% | 18.36% | 15.39% |
| 2009 | 20.12% | 18.36% | 15.80% |
| 2007 | 18.66% | 16.78% | — |
| 2005 | 18.89% | 16.92% | — |
Renter Fraction in Mccracken County Kentucky
You can calculate the renter fraction in Mccracken 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 Mccracken County as a fraction of total Mccracken County households. In 2019 40.17% of households were renters according to Census ACS data.
Mccracken County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Kentucky | 32.99% | +0.38% | -0.17% |
| Mccracken County KY | 40.17% | +2.60% | +5.12% |
Trends in the Mccracken County KY Renter Fraction
At 40.17%, the 2019 household based renter fraction in Mccracken County was at its highest level. The origin year for the series is 2008.
Fraction of Renting Households: Mccracken County KY, Kentucky, US
History of Mccracken County Renter Fraction
| Date | US | Kentucky | Mccracken County KY |
|---|---|---|---|
| 2019 | 35.89% | 32.99% | 40.17% |
| 2018 | 36.05% | 32.61% | 37.57% |
| 2017 | 36.13% | 33.53% | 31.53% |
| 2016 | 36.88% | 33.16% | 35.05% |
| 2015 | 36.97% | 33.67% | 31.59% |
| 2014 | 36.90% | 33.93% | 37.26% |
| 2013 | 36.50% | 32.62% | 30.77% |
| 2012 | 36.09% | 32.96% | 35.24% |
| 2011 | 35.42% | 31.14% | 29.21% |
| 2010 | 34.65% | 31.35% | 29.36% |
| 2009 | 34.13% | 31.35% | 33.44% |
| 2007 | 32.80% | 29.28% | — |
| 2005 | 33.10% | 29.38% | — |
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. ↩
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