Department of Numbers

Hampshire County Massachusetts Residential Rent and Rental Statistics

The median monthly gross residential rent in Hampshire County MA was $1,106 in 2017 according to the Census ACS survey.1 Average gross rent in Hampshire County was $1,095 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 Hampshire County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hampshire 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%
Hampshire County MA Median Gross Rent $1,106 +9.29% +14.37%

Hampshire County MA Real Gross Rent Trends

At $1,106, real median gross rent in Hampshire County was at its highest level in 2017 since the series began in 2005. At $1,095, real average gross rent in Hampshire County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hampshire County

Date US
Median
Massachusetts
Median
Hampshire County MA
Median
Hampshire County MA
Average
2017 $1,012 $1,208 $1,106 $1,095
2016 $996 $1,197 $1,012 $1,057
2015 $987 $1,198 $1,046 $1,025
2014 $956 $1,133 $967 $972
2013 $924 $1,100 $1,022 $1,042
2012 $912 $1,069 $889 $919
2011 $912 $1,083 $918 $928
2010 $927 $1,093 $927 $944
2009 $931 $1,092 $946 $979
2008 $947 $1,138 $998 $1,022
2007 $899 $1,078 $891 $913
2006 $909 $1,111 $949 $962

Hampshire 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 Hampshire County Massachusetts was 5.27% according to Census ACS data.

Rental Vacancy Rate in Hampshire County Massachusetts

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Massachusetts 3.87% -0.11% -0.17%
Hampshire County MA 5.27% +1.49%

Trends in Hampshire County MA Rental Vacancy Rate

The rental vacancy rate in Hampshire County peaked in 2007 at 6.55%. Since then it has fallen by 1.28% to 5.27%. Data records for this series originated in 2005. From a 2011 post peak low of 0.54%, the rental vacancy rate has increased by 4.73%.

Rental Vacancy Rate: Hampshire County MA, Massachusetts, US

Rental vacancy rate in Massachusetts

Historical Rental Vacancy Rate data for Hampshire County

Date US Massachusetts Hampshire County MA
2017 6.18% 3.87% 5.27%
2016 5.89% 3.98% 3.78%
2015 5.85% 3.48% 2.02%
2014 6.32% 4.04%
2013 6.49% 4.61%
2012 6.77% 4.46% 6.53%
2011 7.40% 4.76% 0.54%
2010 8.17% 5.80% 3.15%
2009 8.43% 5.83% 4.29%
2008 7.86% 5.28%
2007 7.87% 6.20% 6.55%
2006 7.70% 5.55% 3.04%

Rent as a Fraction of Income

Using median household income data for Hampshire County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hampshire County, median monthly gross rent as a fraction of median household income was 19.52% in 2017 according to the ACS.

Hampshire 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%
Hampshire County MA 19.52% +0.93% -0.68%

Trends in Hampshire County MA Rent as a Fraction of Income

The fraction of median Hampshire County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.20%. Since then it has fallen by 0.68% to 19.52%.

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

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

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

Date US Massachusetts Hampshire County MA
2017 20.13% 18.73% 19.52%
2016 20.43% 18.79% 18.59%
2015 20.63% 19.78% 20.14%
2014 20.89% 19.21% 20.20%
2013 20.78% 19.36% 18.43%
2012 20.65% 19.03% 17.51%
2011 20.70% 19.74% 19.40%
2010 20.50% 19.51% 17.55%
2009 20.12% 18.50% 18.13%
2008 19.00% 18.18% 16.36%
2007 18.66% 18.20% 16.87%
2006 18.90% 18.67% 18.27%

Renter Fraction in Hampshire County Massachusetts

You can calculate the renter fraction in Hampshire 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 Hampshire County as a fraction of total Hampshire County households. In 2017 31.95% of households were renters according to Census ACS data.

Hampshire 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%
Hampshire County MA 31.95% -2.95% -5.65%

Trends in the Hampshire County MA Renter Fraction

The Hampshire County household renter fraction peaked in in 2014 at 37.60% and is now 5.65% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hampshire County

History of Hampshire County Renter Fraction

Date US Massachusetts Hampshire County MA
2017 36.13% 37.68% 31.95%
2016 36.88% 38.01% 34.90%
2015 36.97% 38.28% 34.93%
2014 36.90% 38.40% 37.60%
2013 36.50% 38.46% 32.27%
2012 36.09% 37.76% 32.31%
2011 35.42% 37.87% 35.55%
2010 34.65% 37.77% 32.88%
2009 34.13% 35.79% 32.74%
2008 33.36% 35.46% 32.42%
2007 32.80% 34.91% 32.81%
2006 32.73% 35.08% 31.01%

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.