Department of Numbers

Aroostook County Maine Residential Rent and Rental Statistics

The median monthly gross residential rent in Aroostook County ME was $515 in 2017 according to the Census ACS survey.1 Average gross rent in Aroostook County was $500 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 Aroostook County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Aroostook County Maine (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Maine Median Gross Rent $806 -0.37% +1.38%
Aroostook County ME Median Gross Rent $515 -6.70% -4.98%

Aroostook County ME Real Gross Rent Trends

Median gross rent for Aroostook County peaked in real terms in 2012 at $592 and is now $77 (13.01%) lower. Average gross rent for Aroostook County peaked in real terms in 2015 at $548 and is now $48 (8.76%) lower.

Real Gross Rent: Aroostook County ME Median, Aroostook County ME Average, Maine Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Aroostook County

Date US
Median
Maine
Median
Aroostook County ME
Median
Aroostook County ME
Average
2017 $1,012 $806 $515 $500
2016 $996 $809 $552 $496
2015 $987 $815 $552 $548
2014 $956 $795 $542 $493
2013 $924 $776 $573 $528
2012 $912 $768 $592 $544
2011 $912 $782 $516 $481
2010 $927 $766 $553 $497
2009 $931 $798 $573 $505
2008 $947 $806 $561 $524
2007 $899 $741 $524 $448
2006 $909 $757 $531 $499

Aroostook 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 Aroostook County Maine was 16.91% according to Census ACS data.

Rental Vacancy Rate in Aroostook County Maine

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maine 8.41% +1.67% +1.34%
Aroostook County ME 16.91% +6.06% +8.26%

Trends in Aroostook County ME Rental Vacancy Rate

At 16.91%, Aroostook County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Aroostook County ME, Maine, US

Rental vacancy rate in Maine

Historical Rental Vacancy Rate data for Aroostook County

Date US Maine Aroostook County ME
2017 6.18% 8.41% 16.91%
2016 5.89% 6.74% 10.85%
2015 5.85% 5.29% 12.13%
2014 6.32% 7.07% 8.65%
2013 6.49% 7.17% 7.81%
2012 6.77% 6.25% 6.71%
2011 7.40% 7.67% 9.61%
2010 8.17% 8.75% 11.08%
2009 8.43% 7.36% 11.10%
2008 7.86% 7.13% 7.38%
2007 7.87% 8.13% 9.53%
2006 7.70% 5.85% 5.07%

Rent as a Fraction of Income

Using median household income data for Aroostook County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Aroostook County, median monthly gross rent as a fraction of median household income was 14.37% in 2017 according to the ACS.

Aroostook County Maine Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Maine 17.19% -0.83% -1.64%
Aroostook County ME 14.37% -2.18% -3.55%

Trends in Aroostook County ME Rent as a Fraction of Income

The fraction of median Aroostook County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.28%. Since then it has fallen by 3.91% to 14.37%.

Fraction of Income towards Rent: Aroostook County ME, Maine, US

Percent of median household income going towards median monthly gross rent in Aroostook County Maine

Historical Data for Annual Rent as a Fraction of Income in Aroostook County Maine

Date US Maine Aroostook County ME
2017 20.13% 17.19% 14.37%
2016 20.43% 18.02% 16.55%
2015 20.63% 18.46% 17.61%
2014 20.89% 18.83% 17.91%
2013 20.78% 19.41% 18.28%
2012 20.65% 19.11% 17.91%
2011 20.70% 19.47% 16.83%
2010 20.50% 18.52% 16.81%
2009 20.12% 18.94% 17.96%
2008 19.00% 18.08% 16.11%
2007 18.66% 17.00% 15.57%
2006 18.90% 17.57% 16.40%

Renter Fraction in Aroostook County Maine

You can calculate the renter fraction in Aroostook 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 Aroostook County as a fraction of total Aroostook County households. In 2017 27.43% of households were renters according to Census ACS data.

Aroostook County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Maine 26.83% -1.30% -1.85%
Aroostook County ME 27.43% +1.29% -2.20%

Trends in the Aroostook County ME Renter Fraction

The Aroostook County household renter fraction peaked in in 2011 at 30.57% and is now 3.14% below that level. From a recent low of 25.30% in 2012, the household based renter fraction has now grown by 2.13%. The origin year for the series is 2005.

Fraction of Renting Households: Aroostook County ME, Maine, US

Fraction of renters in Aroostook County

History of Aroostook County Renter Fraction

Date US Maine Aroostook County ME
2017 36.13% 26.83% 27.43%
2016 36.88% 28.13% 26.14%
2015 36.97% 29.00% 29.87%
2014 36.90% 28.68% 29.63%
2013 36.50% 29.84% 29.67%
2012 36.09% 28.59% 25.30%
2011 35.42% 29.05% 30.57%
2010 34.65% 27.32% 27.96%
2009 34.13% 27.26% 28.74%
2008 33.36% 27.86% 29.38%
2007 32.80% 26.05% 27.06%
2006 32.73% 27.21% 29.70%

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.