Department of Numbers

Allegan County Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Allegan County MI was $811 in 2017 according to the Census ACS survey.1 Average gross rent in Allegan County was $733 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 Allegan County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Allegan County Michigan (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Michigan Median Gross Rent $835 +0.48% +3.47%
Allegan County MI Median Gross Rent $811 +5.46% +2.53%

Allegan County MI Real Gross Rent Trends

At $811, real median gross rent in Allegan County was at its highest level in 2017 since the series began in 2005. Average gross rent for Allegan County peaked in real terms in 2012 at $782 and is now $49 (6.27%) lower.

Real Gross Rent: Allegan County MI Median, Allegan County MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Allegan County

Date US
Median
Michigan
Median
Allegan County MI
Median
Allegan County MI
Average
2017 $1,012 $835 $811 $733
2016 $996 $831 $769 $705
2015 $987 $826 $754 $668
2014 $956 $807 $791 $649
2013 $924 $784 $764 $745
2012 $912 $772 $767 $782
2011 $912 $774 $745 $690
2010 $927 $791 $732 $699
2009 $931 $791 $720 $669
2008 $947 $811 $733 $735
2007 $899 $778 $706 $596
2006 $909 $804 $684 $710

Allegan 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 Allegan County Michigan was 3.34% according to Census ACS data.

Rental Vacancy Rate in Allegan County Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Allegan County MI 3.34% +0.32%

Trends in Allegan County MI Rental Vacancy Rate

The rental vacancy rate in Allegan County peaked in 2011 at 13.21%. Since then it has fallen by 9.87% to 3.34%. Data records for this series originated in 2005. From a 2014 post peak low of 3.02%, the rental vacancy rate has increased by 0.32%.

Rental Vacancy Rate: Allegan County MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Allegan County

Date US Michigan Allegan County MI
2017 6.18% 4.87% 3.34%
2016 5.89% 5.41%
2015 5.85% 5.19%
2014 6.32% 5.88% 3.02%
2013 6.49% 6.04%
2012 6.77% 6.73%
2011 7.40% 7.72% 13.21%
2010 8.17% 9.60% 10.71%
2009 8.43% 9.48% 9.20%
2008 7.86% 9.73% 5.63%
2007 7.87% 9.66%
2006 7.70% 10.42% 10.70%

Rent as a Fraction of Income

Using median household income data for Allegan County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Allegan County, median monthly gross rent as a fraction of median household income was 15.48% in 2017 according to the ACS.

Allegan County Michigan Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Michigan 18.25% -0.45% -0.72%
Allegan County MI 15.48% -0.22% -1.76%

Trends in Allegan County MI Rent as a Fraction of Income

The fraction of median Allegan County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.06%. Since then it has fallen by 2.58% to 15.48%.

Fraction of Income towards Rent: Allegan County MI, Michigan, US

Percent of median household income going towards median monthly gross rent in Allegan County Michigan

Historical Data for Annual Rent as a Fraction of Income in Allegan County Michigan

Date US Michigan Allegan County MI
2017 20.13% 18.25% 15.48%
2016 20.43% 18.70% 15.70%
2015 20.63% 18.86% 15.92%
2014 20.89% 18.97% 17.24%
2013 20.78% 19.09% 16.01%
2012 20.65% 19.16% 17.80%
2011 20.70% 19.29% 16.89%
2010 20.50% 19.29% 18.06%
2009 20.12% 18.99% 15.53%
2008 19.00% 17.44% 15.56%
2007 18.66% 17.09% 14.67%
2006 18.90% 17.17% 13.62%

Renter Fraction in Allegan County Michigan

You can calculate the renter fraction in Allegan 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 Allegan County as a fraction of total Allegan County households. In 2017 15.49% of households were renters according to Census ACS data.

Allegan County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Michigan 28.67% -1.01% -1.09%
Allegan County MI 15.49% -0.58% -4.30%

Trends in the Allegan County MI Renter Fraction

The Allegan County household renter fraction peaked in in 2015 at 21.07% and is now 5.58% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Allegan County MI, Michigan, US

Fraction of renters in Allegan County

History of Allegan County Renter Fraction

Date US Michigan Allegan County MI
2017 36.13% 28.67% 15.49%
2016 36.88% 29.68% 16.07%
2015 36.97% 29.58% 21.07%
2014 36.90% 29.76% 19.79%
2013 36.50% 29.45% 18.12%
2012 36.09% 28.94% 20.63%
2011 35.42% 28.26% 17.58%
2010 34.65% 27.25% 17.92%
2009 34.13% 26.81% 17.48%
2008 33.36% 26.02% 18.55%
2007 32.80% 25.17% 17.25%
2006 32.73% 24.83% 15.24%

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.