Department of Numbers

Flint Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Flint, MI (the Flint metro area) was $713 in 2016 according to the Census ACS survey.1 Average gross rent in Flint was $708 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Flint median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Flint Michigan (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Michigan Median Gross Rent $818 +0.49% +5.96%
Flint, MI Median Gross Rent $713 -3.26% +0.56%

Flint, MI Real Gross Rent Trends

Median gross rent for Flint peaked in real terms in 2015 at $737 and is now $24 (3.26%) lower. Average gross rent for Flint peaked in real terms in 2015 at $739 and is now $31 (4.19%) lower.

Real Gross Rent in Flint: Flint MI Median, Flint MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Flint

Date US
Median
Michigan
Median
Flint, MI
Median
Flint, MI
Average
2016 $981 $818 $713 $708
2015 $972 $814 $737 $739
2014 $942 $794 $727 $723
2013 $910 $772 $709 $697
2012 $898 $760 $691 $678
2011 $898 $762 $692 $699
2010 $912 $779 $727 $719
2009 $916 $779 $724 $709
2008 $932 $799 $714 $735
2007 $885 $766 $695 $701
2006 $895 $792 $713 $725
2005 $869 $782 $695 $673

Flint Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Flint Michigan was 5.85% according to Census ACS data.

Rental Vacancy Rate in Flint Michigan

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Michigan 5.41% +0.22% -0.63%
Flint, MI 5.85% -1.90% -1.75%

Trends in Flint, MI Rental Vacancy Rate

The rental vacancy rate in Flint peaked in 2005 at 13.87%. Since then it has fallen by 8.02% to 5.85%. Data records for this series originated in 2005. From a 2014 post peak low of 5.53%, the rental vacancy rate has increased by 0.32%.

Rental Vacancy Rate: Flint MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Flint

Date US Michigan Flint, MI
2016 5.89% 5.41% 5.85%
2015 5.85% 5.19% 7.75%
2014 6.32% 5.88% 5.53%
2013 6.49% 6.04% 7.60%
2012 6.77% 6.73% 7.50%
2011 7.40% 7.72% 8.55%
2010 8.17% 9.60% 8.94%
2009 8.43% 9.48% 9.64%
2008 7.86% 9.73% 10.81%
2007 7.87% 9.66% 12.77%
2006 7.70% 10.42% 9.47%
2005 7.74% 10.09% 13.87%

Rent as a Fraction of Income

Using median household income data for Flint, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Flint, median monthly gross rent as a fraction of median household income was 19.47% in 2016 according to the ACS.

Flint Michigan Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Michigan 18.70% -0.16% -0.39%
Flint, MI 19.47% -0.35% -1.04%

Trends in Flint, MI Rent as a Fraction of Income

The fraction of median Flint household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.05%. Since then it has fallen by 1.59% to 19.47%.

Fraction of Income towards Rent: Flint MI, Michigan, US

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

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

Date US Michigan Flint, MI
2016 20.43% 18.70% 19.47%
2015 20.63% 18.86% 19.82%
2014 20.89% 18.97% 20.76%
2013 20.78% 19.09% 20.51%
2012 20.65% 19.16% 20.24%
2011 20.70% 19.29% 19.71%
2010 20.50% 19.29% 21.05%
2009 20.12% 18.99% 19.28%
2008 19.00% 17.44% 16.97%
2007 18.66% 17.09% 17.23%
2006 18.90% 17.17% 17.46%
2005 18.89% 17.07% 16.44%

Renter Fraction in Flint Michigan

You can calculate the renter fraction in Flint 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 Flint as a fraction of total Flint households. In 2016 32.00% of households were renters according to Census ACS data.

Flint Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Michigan 29.68% +0.10% +0.23%
Flint, MI 32.00% +2.54% +2.50%

Trends in the Flint, MI Renter Fraction

The Flint household renter fraction peaked in in 2014 at 34.31% and is now 2.31% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Flint MI, Michigan, US

Fraction of renters in Flint

History of Flint Renter Fraction

Date US Michigan Flint, MI
2016 36.88% 29.68% 32.00%
2015 36.97% 29.58% 29.46%
2014 36.90% 29.76% 34.31%
2013 36.50% 29.45% 29.50%
2012 36.09% 28.94% 30.49%
2011 35.42% 28.26% 30.56%
2010 34.65% 27.25% 30.08%
2009 34.13% 26.81% 29.73%
2008 33.36% 26.02% 30.14%
2007 32.80% 25.17% 26.23%
2006 32.73% 24.83% 27.61%
2005 33.10% 25.33% 27.36%

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.