Department of Numbers

Hampden County Massachusetts Residential Rent and Rental Statistics

The median monthly gross residential rent in Hampden County MA was $875 in 2017 according to the Census ACS survey.1 Average gross rent in Hampden County was $840 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 Hampden County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hampden County Massachusetts (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Massachusetts Median Gross Rent $1,208 +0.92% +6.62%
Hampden County MA Median Gross Rent $875 +3.31% +1.51%

Hampden County MA Real Gross Rent Trends

Median gross rent for Hampden County peaked in real terms in 2015 at $893 and is now $18 (2.02%) lower. Average gross rent for Hampden County peaked in real terms in 2015 at $869 and is now $29 (3.34%) lower.

Real Gross Rent: Hampden County MA Median, Hampden County MA Average, Massachusetts Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hampden County

Date US
Median
Massachusetts
Median
Hampden County MA
Median
Hampden County MA
Average
2017 $1,012 $1,208 $875 $840
2016 $996 $1,197 $847 $850
2015 $987 $1,198 $893 $869
2014 $956 $1,133 $862 $839
2013 $924 $1,100 $837 $852
2012 $912 $1,069 $803 $763
2011 $912 $1,083 $789 $777
2010 $927 $1,093 $812 $798
2009 $931 $1,092 $795 $779
2008 $947 $1,138 $829 $790
2007 $899 $1,078 $802 $768
2006 $909 $1,111 $815 $800

Hampden 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 Hampden County Massachusetts was 4.65% according to Census ACS data.

Rental Vacancy Rate in Hampden County Massachusetts

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Massachusetts 3.87% -0.11% -0.17%
Hampden County MA 4.65% +1.06% +0.01%

Trends in Hampden County MA Rental Vacancy Rate

The rental vacancy rate in Hampden County peaked in 2006 at 6.99%. Since then it has fallen by 2.34% to 4.65%. Data records for this series originated in 2005.

Rental Vacancy Rate: Hampden County MA, Massachusetts, US

Rental vacancy rate in Massachusetts

Historical Rental Vacancy Rate data for Hampden County

Date US Massachusetts Hampden County MA
2017 6.18% 3.87% 4.65%
2016 5.89% 3.98% 3.59%
2015 5.85% 3.48% 4.96%
2014 6.32% 4.04% 4.64%
2013 6.49% 4.61% 4.67%
2012 6.77% 4.46% 3.96%
2011 7.40% 4.76% 4.49%
2010 8.17% 5.80% 5.10%
2009 8.43% 5.83% 4.45%
2008 7.86% 5.28% 5.11%
2007 7.87% 6.20% 6.85%
2006 7.70% 5.55% 6.99%

Rent as a Fraction of Income

Using median household income data for Hampden County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hampden County, median monthly gross rent as a fraction of median household income was 20.30% in 2017 according to the ACS.

Hampden County Massachusetts Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Massachusetts 18.73% -0.06% -0.48%
Hampden County MA 20.30% +0.88% -0.23%

Trends in Hampden County MA Rent as a Fraction of Income

The fraction of median Hampden County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.53%. Since then it has fallen by 0.23% to 20.30%.

Fraction of Income towards Rent: Hampden County MA, Massachusetts, US

Percent of median household income going towards median monthly gross rent in Hampden County Massachusetts

Historical Data for Annual Rent as a Fraction of Income in Hampden County Massachusetts

Date US Massachusetts Hampden County MA
2017 20.13% 18.73% 20.30%
2016 20.43% 18.79% 19.42%
2015 20.63% 19.78% 20.22%
2014 20.89% 19.21% 20.53%
2013 20.78% 19.36% 20.15%
2012 20.65% 19.03% 19.11%
2011 20.70% 19.74% 18.87%
2010 20.50% 19.51% 19.35%
2009 20.12% 18.50% 18.43%
2008 19.00% 18.18% 17.83%
2007 18.66% 18.20% 18.43%
2006 18.90% 18.67% 18.34%

Renter Fraction in Hampden County Massachusetts

You can calculate the renter fraction in Hampden 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 Hampden County as a fraction of total Hampden County households. In 2017 41.46% of households were renters according to Census ACS data.

Hampden County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Massachusetts 37.68% -0.33% -0.72%
Hampden County MA 41.46% +3.71% +0.78%

Trends in the Hampden County MA Renter Fraction

At 41.46%, the 2017 household based renter fraction in Hampden County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Hampden County MA, Massachusetts, US

Fraction of renters in Hampden County

History of Hampden County Renter Fraction

Date US Massachusetts Hampden County MA
2017 36.13% 37.68% 41.46%
2016 36.88% 38.01% 37.75%
2015 36.97% 38.28% 38.37%
2014 36.90% 38.40% 40.68%
2013 36.50% 38.46% 39.02%
2012 36.09% 37.76% 37.69%
2011 35.42% 37.87% 37.56%
2010 34.65% 37.77% 38.76%
2009 34.13% 35.79% 37.66%
2008 33.36% 35.46% 35.36%
2007 32.80% 34.91% 36.97%
2006 32.73% 35.08% 36.89%

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.