Department of Numbers

Mccracken County Kentucky Residential Rent and Rental Statistics

The median monthly gross residential rent in Mccracken County KY was $627 in 2017 according to the Census ACS survey.1 Average gross rent in Mccracken County was $629 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 Mccracken County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Mccracken 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%
Mccracken County KY Median Gross Rent $627 -13.64% -3.83%

Mccracken County KY Real Gross Rent Trends

Median gross rent for Mccracken County peaked in real terms in 2016 at $726 and is now $99 (13.64%) lower. Average gross rent for Mccracken County peaked in real terms in 2014 at $649 and is now $20 (3.08%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mccracken County

Date US
Median
Kentucky
Median
Mccracken County KY
Median
Mccracken County KY
Average
2017 $1,012 $724 $627 $629
2016 $996 $718 $726 $603
2015 $987 $722 $622 $648
2014 $956 $694 $652 $649
2013 $924 $682 $596 $575
2012 $912 $656 $596 $574
2011 $912 $656 $567 $527
2010 $927 $664 $584 $564
2009 $931 $678 $599 $589
2008 $947 $664 $615 $563
2007 $899 $641
2006 $909 $653

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

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Kentucky 5.49% -0.33% -0.74%
Mccracken County KY 6.70% +4.13%

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

Rental vacancy rate in Kentucky

Historical Rental Vacancy Rate data for Mccracken County

Date US Kentucky Mccracken County KY
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%
2008 7.86% 8.03% 6.05%
2007 7.87% 9.86%
2006 7.70% 9.78%

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 15.22% in 2017 according to the ACS.

Mccracken 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%
Mccracken County KY 15.22% -6.75% -5.60%

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 6.75% to 15.22%.

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

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

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

Date US Kentucky Mccracken County KY
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%
2008 19.00% 16.70% 15.46%
2007 18.66% 16.78%
2006 18.90% 16.70%

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 2017 31.53% of households were renters according to Census ACS data.

Mccracken 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%
Mccracken County KY 31.53% -3.52% -5.73%

Trends in the Mccracken County KY Renter Fraction

The Mccracken County household renter fraction peaked in in 2014 at 37.26% and is now 5.73% below that level. The origin year for the series is 2008.

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

Fraction of renters in Mccracken County

History of Mccracken County Renter Fraction

Date US Kentucky Mccracken County KY
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%
2008 33.36% 30.47% 30.17%
2007 32.80% 29.28%
2006 32.73% 29.35%

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.