Department of Numbers

Genesee County Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Genesee County MI was $730 in 2017 according to the Census ACS survey.1 Average gross rent in Genesee County was $722 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 Genesee County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Genesee 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%
Genesee County MI Median Gross Rent $730 +0.83% -1.08%

Genesee County MI Real Gross Rent Trends

Median gross rent for Genesee County peaked in real terms in 2015 at $748 and is now $18 (2.41%) lower. Average gross rent for Genesee County peaked in real terms in 2015 at $750 and is now $28 (3.73%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Genesee County

Date US
Median
Michigan
Median
Genesee County MI
Median
Genesee County MI
Average
2017 $1,012 $835 $730 $722
2016 $996 $831 $724 $719
2015 $987 $826 $748 $750
2014 $956 $807 $738 $734
2013 $924 $784 $720 $708
2012 $912 $772 $702 $688
2011 $912 $774 $703 $710
2010 $927 $791 $738 $730
2009 $931 $791 $735 $720
2008 $947 $811 $725 $747
2007 $899 $778 $705 $712
2006 $909 $804 $724 $736

Genesee 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 Genesee County Michigan was 4.73% according to Census ACS data.

Rental Vacancy Rate in Genesee County Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Genesee County MI 4.73% -1.12% -0.80%

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 9.14% to 4.73%. Data records for this series originated in 2005.

Rental Vacancy Rate: Genesee County MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Genesee County

Date US Michigan Genesee County MI
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%
2008 7.86% 9.73% 10.81%
2007 7.87% 9.66% 12.77%
2006 7.70% 10.42% 9.47%

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 18.92% in 2017 according to the ACS.

Genesee 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%
Genesee County MI 18.92% -0.54% -1.84%

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 2.13% to 18.92%.

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

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

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

Date US Michigan Genesee County MI
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%
2008 19.00% 17.44% 16.97%
2007 18.66% 17.09% 17.23%
2006 18.90% 17.17% 17.46%

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 2017 28.77% of households were renters according to Census ACS data.

Genesee 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%
Genesee County MI 28.77% -3.23% -5.54%

Trends in the Genesee County MI Renter Fraction

The Genesee County household renter fraction peaked in in 2014 at 34.31% and is now 5.54% below that level. The origin year for the series is 2005.

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

Fraction of renters in Genesee County

History of Genesee County Renter Fraction

Date US Michigan Genesee County MI
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%
2008 33.36% 26.02% 30.14%
2007 32.80% 25.17% 26.23%
2006 32.73% 24.83% 27.61%

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.