Genesee County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Genesee County MI was $769 in 2019 according to the Census ACS survey.1 Average gross rent in Genesee County was $772 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Genesee County median and average rent data will be released in September of 2021.
Data is also available below for Genesee County rental vacancy rates, Genesee County rent as a percent of median income and the fraction of renters in Genesee County.
Real Gross Rent in Genesee County Michigan (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Michigan Median Gross Rent | $888 | +1.25% | +3.62% |
| Genesee County MI Median Gross Rent | $769 | +1.18% | +2.95% |
Genesee County MI Real Gross Rent Trends
Median gross rent for Genesee County peaked in real terms in 2015 at $771 and is now $2 (0.26%) lower. Average gross rent for Genesee County peaked in real terms in 2015 at $773 and is now $1 (0.13%) lower.
Real Gross Rent: Genesee County MI Median, Genesee County MI Average, Michigan Median, US Median
Real Gross Rent History for Genesee County
| Date | US Median |
Michigan Median |
Genesee County MI Median |
Genesee County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $769 | $772 |
| 2018 | $1,077 | $877 | $760 | $753 |
| 2017 | $1,043 | $861 | $753 | $744 |
| 2016 | $1,027 | $857 | $747 | $741 |
| 2015 | $1,017 | $852 | $771 | $773 |
| 2014 | $986 | $832 | $761 | $757 |
| 2013 | $953 | $809 | $742 | $730 |
| 2012 | $940 | $796 | $723 | $710 |
| 2011 | $941 | $798 | $725 | $732 |
| 2010 | $955 | $816 | $761 | $753 |
| 2009 | $960 | $816 | $758 | $742 |
| 2007 | $927 | $802 | $727 | $734 |
| 2005 | $910 | $819 | $728 | $705 |
Genesee County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Genesee County Michigan was 5.70% according to Census ACS data.
Rental Vacancy Rate in Genesee County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Genesee County MI | 5.70% | -0.69% | -0.15% |
Trends in Genesee County MI Rental Vacancy Rate
The rental vacancy rate in Genesee County peaked in 2005 at 13.87%. Since then it has fallen by 8.17% to 5.70%. Data records for this series originated in 2005. From a 2017 post peak low of 4.73%, the rental vacancy rate has increased by 0.97%.
Rental Vacancy Rate: Genesee County MI, Michigan, US
Historical Rental Vacancy Rate data for Genesee County
| Date | US | Michigan | Genesee County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 5.70% |
| 2018 | 6.15% | 4.82% | 6.39% |
| 2017 | 6.18% | 4.87% | 4.73% |
| 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% |
| 2007 | 7.87% | 9.66% | 12.77% |
| 2005 | 7.74% | 10.09% | 13.87% |
Rent as a Fraction of Income
Using median household income data for Genesee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Genesee County, median monthly gross rent as a fraction of median household income was 18.31% in 2019 according to the ACS.
Genesee County Michigan Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Michigan | 17.88% | -0.34% | -0.82% |
| Genesee County MI | 18.31% | -0.31% | -1.15% |
Trends in Genesee County MI Rent as a Fraction of Income
The fraction of median Genesee County 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 2.74% to 18.31%.
Fraction of Income towards Rent: Genesee County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Genesee County Michigan
| Date | US | Michigan | Genesee County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 18.31% |
| 2018 | 20.50% | 18.22% | 18.63% |
| 2017 | 20.13% | 18.25% | 18.92% |
| 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% |
| 2007 | 18.66% | 17.09% | 17.23% |
| 2005 | 18.89% | 17.07% | 16.44% |
Renter Fraction in Genesee County Michigan
You can calculate the renter fraction in Genesee 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 Genesee County as a fraction of total Genesee County households. In 2019 30.02% of households were renters according to Census ACS data.
Genesee County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Michigan | 28.43% | -0.38% | -1.25% |
| Genesee County MI | 30.02% | -1.88% | -1.98% |
Trends in the Genesee County MI Renter Fraction
The Genesee County household renter fraction peaked in in 2014 at 34.31% and is now 4.29% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Genesee County MI, Michigan, US
History of Genesee County Renter Fraction
| Date | US | Michigan | Genesee County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 30.02% |
| 2018 | 36.05% | 28.81% | 31.90% |
| 2017 | 36.13% | 28.67% | 28.77% |
| 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% |
| 2007 | 32.80% | 25.17% | 26.23% |
| 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. ↩
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