Isabella County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Isabella County MI was $684 in 2019 according to the Census ACS survey.1 Average gross rent in Isabella County was $703 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 Isabella County median and average rent data will be released in September of 2021.
Data is also available below for Isabella County rental vacancy rates, Isabella County rent as a percent of median income and the fraction of renters in Isabella County.
Real Gross Rent in Isabella 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% |
| Isabella County MI Median Gross Rent | $684 | -9.64% | -1.44% |
Isabella County MI Real Gross Rent Trends
Median gross rent for Isabella County peaked in real terms in 2008 at $794 and is now $110 (13.85%) lower. Average gross rent for Isabella County peaked in real terms in 2008 at $868 and is now $165 (19.01%) lower. From a recent low of 697.0 in 2016, real average gross rent has now increased by $6 (0.86%).
Real Gross Rent: Isabella County MI Median, Isabella County MI Average, Michigan Median, US Median
Real Gross Rent History for Isabella County
| Date | US Median |
Michigan Median |
Isabella County MI Median |
Isabella County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $684 | $703 |
| 2018 | $1,077 | $877 | $757 | $810 |
| 2017 | $1,043 | $861 | $715 | $800 |
| 2016 | $1,027 | $857 | $694 | $697 |
| 2015 | $1,017 | $852 | $778 | $860 |
| 2014 | $986 | $832 | $713 | $832 |
| 2013 | $953 | $809 | $779 | $814 |
| 2012 | $940 | $796 | $686 | $728 |
| 2011 | $941 | $798 | $758 | $813 |
| 2010 | $955 | $816 | $701 | $729 |
| 2009 | $960 | $816 | $750 | $791 |
| 2007 | $927 | $802 | $730 | $698 |
| 2005 | $910 | $819 | $700 | $751 |
Isabella 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 Isabella County Michigan was 12.17% according to Census ACS data.
Rental Vacancy Rate in Isabella County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Isabella County MI | 12.17% | +10.88% | +1.30% |
Trends in Isabella County MI Rental Vacancy Rate
The rental vacancy rate in Isabella County peaked in 2006 at 17.50%. Since then it has fallen by 5.33% to 12.17%. Data records for this series originated in 2005. From a 2018 post peak low of 1.29%, the rental vacancy rate has increased by 10.88%.
Rental Vacancy Rate: Isabella County MI, Michigan, US
Historical Rental Vacancy Rate data for Isabella County
| Date | US | Michigan | Isabella County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 12.17% |
| 2018 | 6.15% | 4.82% | 1.29% |
| 2017 | 6.18% | 4.87% | 12.84% |
| 2016 | 5.89% | 5.41% | 10.87% |
| 2015 | 5.85% | 5.19% | 3.46% |
| 2014 | 6.32% | 5.88% | 4.42% |
| 2013 | 6.49% | 6.04% | 6.42% |
| 2012 | 6.77% | 6.73% | 1.97% |
| 2011 | 7.40% | 7.72% | 5.43% |
| 2010 | 8.17% | 9.60% | 6.71% |
| 2009 | 8.43% | 9.48% | 5.58% |
| 2007 | 7.87% | 9.66% | 8.19% |
| 2005 | 7.74% | 10.09% | 15.89% |
Rent as a Fraction of Income
Using median household income data for Isabella County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Isabella County, median monthly gross rent as a fraction of median household income was 18.16% in 2019 according to the ACS.
Isabella 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% |
| Isabella County MI | 18.16% | -1.17% | -0.84% |
Trends in Isabella County MI Rent as a Fraction of Income
The fraction of median Isabella County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 24.26%. Since then it has fallen by 6.10% to 18.16%.
Fraction of Income towards Rent: Isabella County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Isabella County Michigan
| Date | US | Michigan | Isabella County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 18.16% |
| 2018 | 20.50% | 18.22% | 19.33% |
| 2017 | 20.13% | 18.25% | 18.86% |
| 2016 | 20.43% | 18.70% | 19.00% |
| 2015 | 20.63% | 18.86% | 21.54% |
| 2014 | 20.89% | 18.97% | 19.32% |
| 2013 | 20.78% | 19.09% | 23.69% |
| 2012 | 20.65% | 19.16% | 21.75% |
| 2011 | 20.70% | 19.29% | 22.57% |
| 2010 | 20.50% | 19.29% | 24.26% |
| 2009 | 20.12% | 18.99% | 23.37% |
| 2007 | 18.66% | 17.09% | 19.56% |
| 2005 | 18.89% | 17.07% | 18.69% |
Renter Fraction in Isabella County Michigan
You can calculate the renter fraction in Isabella 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 Isabella County as a fraction of total Isabella County households. In 2019 35.67% of households were renters according to Census ACS data.
Isabella 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% |
| Isabella County MI | 35.67% | -1.41% | -1.13% |
Trends in the Isabella County MI Renter Fraction
The Isabella County household renter fraction peaked in in 2010 at 43.13% and is now 7.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Isabella County MI, Michigan, US
History of Isabella County Renter Fraction
| Date | US | Michigan | Isabella County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 35.67% |
| 2018 | 36.05% | 28.81% | 37.08% |
| 2017 | 36.13% | 28.67% | 36.63% |
| 2016 | 36.88% | 29.68% | 36.80% |
| 2015 | 36.97% | 29.58% | 39.86% |
| 2014 | 36.90% | 29.76% | 39.74% |
| 2013 | 36.50% | 29.45% | 38.68% |
| 2012 | 36.09% | 28.94% | 40.53% |
| 2011 | 35.42% | 28.26% | 41.20% |
| 2010 | 34.65% | 27.25% | 43.13% |
| 2009 | 34.13% | 26.81% | 42.70% |
| 2007 | 32.80% | 25.17% | 39.67% |
| 2005 | 33.10% | 25.33% | 36.37% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Michigan
- / Isabella County
