Department of Numbers

Isabella County Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Isabella County MI was $693 in 2017 according to the Census ACS survey.1 Average gross rent in Isabella County was $776 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 Isabella County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Isabella 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%
Isabella County MI Median Gross Rent $693 +2.97% +0.29%

Isabella County MI Real Gross Rent Trends

Median gross rent for Isabella County peaked in real terms in 2008 at $770 and is now $77 (10.00%) lower. From a recent low of 665.0 in 2012, real median gross rent has now increased by $28 (4.21%). Average gross rent for Isabella County peaked in real terms in 2008 at $842 and is now $66 (7.84%) lower. From a recent low of 676.0 in 2016, real average gross rent has now increased by $100 (14.79%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Isabella County

Date US
Median
Michigan
Median
Isabella County MI
Median
Isabella County MI
Average
2017 $1,012 $835 $693 $776
2016 $996 $831 $673 $676
2015 $987 $826 $754 $834
2014 $956 $807 $691 $807
2013 $924 $784 $756 $789
2012 $912 $772 $665 $706
2011 $912 $774 $735 $789
2010 $927 $791 $680 $707
2009 $931 $791 $727 $767
2008 $947 $811 $770 $842
2007 $899 $778 $708 $677
2006 $909 $804 $724 $784

Isabella 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 Isabella County Michigan was 12.84% according to Census ACS data.

Rental Vacancy Rate in Isabella County Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Isabella County MI 12.84% +1.97% +8.42%

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 4.66% to 12.84%. Data records for this series originated in 2005. From a 2012 post peak low of 1.97%, the rental vacancy rate has increased by 10.87%.

Rental Vacancy Rate: Isabella County MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Isabella County

Date US Michigan Isabella County MI
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%
2008 7.86% 9.73% 5.34%
2007 7.87% 9.66% 8.19%
2006 7.70% 10.42% 17.50%

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 18.86% in 2017 according to the ACS.

Isabella 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%
Isabella County MI 18.86% -0.15% -0.46%

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 5.40% to 18.86%.

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

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

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

Date US Michigan Isabella County MI
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%
2008 19.00% 17.44% 23.01%
2007 18.66% 17.09% 19.56%
2006 18.90% 17.17% 18.18%

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 2017 36.63% of households were renters according to Census ACS data.

Isabella 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%
Isabella County MI 36.63% -0.17% -3.11%

Trends in the Isabella County MI Renter Fraction

The Isabella County household renter fraction peaked in in 2010 at 43.13% and is now 6.50% below that level. The origin year for the series is 2005.

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

Fraction of renters in Isabella County

History of Isabella County Renter Fraction

Date US Michigan Isabella County MI
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%
2008 33.36% 26.02% 39.80%
2007 32.80% 25.17% 39.67%
2006 32.73% 24.83% 34.71%

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.