Department of Numbers

Kent County Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Kent County MI was $881 in 2017 according to the Census ACS survey.1 Average gross rent in Kent County was $904 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 Kent County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Kent 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%
Kent County MI Median Gross Rent $881 +6.14% +9.17%

Kent County MI Real Gross Rent Trends

At $881, real median gross rent in Kent County was at its highest level in 2017 since the series began in 2005. At $904, real average gross rent in Kent County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kent County

Date US
Median
Michigan
Median
Kent County MI
Median
Kent County MI
Average
2017 $1,012 $835 $881 $904
2016 $996 $831 $830 $858
2015 $987 $826 $817 $855
2014 $956 $807 $807 $820
2013 $924 $784 $770 $797
2012 $912 $772 $759 $798
2011 $912 $774 $753 $778
2010 $927 $791 $768 $795
2009 $931 $791 $766 $800
2008 $947 $811 $795 $844
2007 $899 $778 $747 $790
2006 $909 $804 $773 $796

Kent 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 Kent County Michigan was 3.68% according to Census ACS data.

Rental Vacancy Rate in Kent County Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Kent County MI 3.68% +0.90% -0.15%

Trends in Kent County MI Rental Vacancy Rate

The rental vacancy rate in Kent County peaked in 2010 at 9.53%. Since then it has fallen by 5.85% to 3.68%. Data records for this series originated in 2005. From a 2016 post peak low of 2.78%, the rental vacancy rate has increased by 0.90%.

Rental Vacancy Rate: Kent County MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Kent County

Date US Michigan Kent County MI
2017 6.18% 4.87% 3.68%
2016 5.89% 5.41% 2.78%
2015 5.85% 5.19% 4.61%
2014 6.32% 5.88% 3.83%
2013 6.49% 6.04% 4.62%
2012 6.77% 6.73% 4.38%
2011 7.40% 7.72% 4.37%
2010 8.17% 9.60% 9.53%
2009 8.43% 9.48% 8.62%
2008 7.86% 9.73% 8.92%
2007 7.87% 9.66% 7.18%
2006 7.70% 10.42% 8.49%

Rent as a Fraction of Income

Using median household income data for Kent County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kent County, median monthly gross rent as a fraction of median household income was 17.30% in 2017 according to the ACS.

Kent 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%
Kent County MI 17.30% +0.86% -0.44%

Trends in Kent County MI Rent as a Fraction of Income

The fraction of median Kent County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.81%. Since then it has fallen by 0.51% to 17.30%.

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

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

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

Date US Michigan Kent County MI
2017 20.13% 18.25% 17.30%
2016 20.43% 18.70% 16.43%
2015 20.63% 18.86% 17.53%
2014 20.89% 18.97% 17.74%
2013 20.78% 19.09% 17.40%
2012 20.65% 19.16% 17.44%
2011 20.70% 19.29% 17.01%
2010 20.50% 19.29% 17.81%
2009 20.12% 18.99% 17.51%
2008 19.00% 17.44% 16.43%
2007 18.66% 17.09% 15.95%
2006 18.90% 17.17% 16.63%

Renter Fraction in Kent County Michigan

You can calculate the renter fraction in Kent 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 Kent County as a fraction of total Kent County households. In 2017 30.60% of households were renters according to Census ACS data.

Kent 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%
Kent County MI 30.60% +0.38% -2.81%

Trends in the Kent County MI Renter Fraction

The Kent County household renter fraction peaked in in 2014 at 33.41% and is now 2.81% below that level. The origin year for the series is 2005.

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

Fraction of renters in Kent County

History of Kent County Renter Fraction

Date US Michigan Kent County MI
2017 36.13% 28.67% 30.60%
2016 36.88% 29.68% 30.22%
2015 36.97% 29.58% 31.55%
2014 36.90% 29.76% 33.41%
2013 36.50% 29.45% 30.74%
2012 36.09% 28.94% 31.91%
2011 35.42% 28.26% 30.37%
2010 34.65% 27.25% 29.27%
2009 34.13% 26.81% 27.99%
2008 33.36% 26.02% 27.99%
2007 32.80% 25.17% 27.97%
2006 32.73% 24.83% 27.88%

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.