Department of Numbers

Warren County Kentucky Residential Rent and Rental Statistics

The median monthly gross residential rent in Warren County KY was $782 in 2017 according to the Census ACS survey.1 Average gross rent in Warren County was $786 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 Warren County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Warren 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%
Warren County KY Median Gross Rent $782 +11.08% +8.46%

Warren County KY Real Gross Rent Trends

At $782, real median gross rent in Warren County was at its highest level in 2017 since the series began in 2005. At $786, real average gross rent in Warren County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Warren County

Date US
Median
Kentucky
Median
Warren County KY
Median
Warren County KY
Average
2017 $1,012 $724 $782 $786
2016 $996 $718 $704 $707
2015 $987 $722 $741 $752
2014 $956 $694 $721 $754
2013 $924 $682 $702 $686
2012 $912 $656 $665 $655
2011 $912 $656 $667 $701
2010 $927 $664 $677 $698
2009 $931 $678 $676 $655
2008 $947 $664 $687 $677
2007 $899 $641 $698 $648
2006 $909 $653 $734 $722

Warren County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Warren County Kentucky was 2.06% according to Census ACS data.

Rental Vacancy Rate in Warren County Kentucky

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

Trends in Warren County KY Rental Vacancy Rate

The rental vacancy rate in Warren County peaked in 2009 at 9.56%. Since then it has fallen by 7.50% to 2.06%. Data records for this series originated in 2005.

Rental Vacancy Rate: Warren County KY, Kentucky, US

Rental vacancy rate in Kentucky

Historical Rental Vacancy Rate data for Warren County

Date US Kentucky Warren 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% 2.06%
2011 7.40% 7.90% 7.88%
2010 8.17% 7.53%
2009 8.43% 9.83% 9.56%
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 Warren County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Warren County, median monthly gross rent as a fraction of median household income was 19.17% in 2017 according to the ACS.

Warren 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%
Warren County KY 19.17% +1.35% +2.52%

Trends in Warren County KY Rent as a Fraction of Income

The fraction of median Warren County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.99%. Since then it has fallen by 0.82% to 19.17%.

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

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

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

Date US Kentucky Warren County KY
2017 20.13% 17.96% 19.17%
2016 20.43% 18.18% 17.81%
2015 20.63% 18.63% 19.34%
2014 20.89% 18.94% 16.65%
2013 20.78% 18.47% 16.90%
2012 20.65% 18.29% 18.65%
2011 20.70% 18.26% 19.99%
2010 20.50% 18.36% 19.38%
2009 20.12% 18.36% 16.85%
2008 19.00% 16.70% 16.70%
2007 18.66% 16.78% 17.80%
2006 18.90% 16.70% 16.99%

Renter Fraction in Warren County Kentucky

You can calculate the renter fraction in Warren 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 Warren County as a fraction of total Warren County households. In 2017 43.37% of households were renters according to Census ACS data.

Warren 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%
Warren County KY 43.37% +1.54% +0.74%

Trends in the Warren County KY Renter Fraction

The Warren County household renter fraction peaked in in 2012 at 45.26% and is now 1.89% below that level. The origin year for the series is 2005.

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

Fraction of renters in Warren County

History of Warren County Renter Fraction

Date US Kentucky Warren County KY
2017 36.13% 33.53% 43.37%
2016 36.88% 33.16% 41.83%
2015 36.97% 33.67% 42.91%
2014 36.90% 33.93% 42.63%
2013 36.50% 32.62% 38.15%
2012 36.09% 32.96% 45.26%
2011 35.42% 31.14% 39.39%
2010 34.65% 31.35% 41.68%
2009 34.13% 31.35% 37.49%
2008 33.36% 30.47% 39.80%
2007 32.80% 29.28% 35.55%
2006 32.73% 29.35% 35.30%

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.