Department of Numbers

Muskegon Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Muskegon, MI (the Muskegon-Norton Shores metro area) was $697 in 2017 according to the Census ACS survey.1 Average gross rent in Muskegon was $671 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 Muskegon median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Muskegon 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%
Muskegon, MI Median Gross Rent $697 -5.56% +3.26%

Muskegon, MI Real Gross Rent Trends

Median gross rent for Muskegon peaked in real terms in 2016 at $738 and is now $41 (5.56%) lower. Average gross rent for Muskegon peaked in real terms in 2016 at $739 and is now $68 (9.20%) lower.

Real Gross Rent in Muskegon: Muskegon MI Median, Muskegon MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Muskegon

Date US
Median
Michigan
Median
Muskegon, MI
Median
Muskegon, MI
Average
2017 $1,012 $835 $697 $671
2016 $996 $831 $738 $739
2015 $987 $826 $735 $716
2014 $956 $807 $675 $646
2013 $924 $784 $671 $645
2012 $912 $772 $642 $642
2011 $912 $774 $669 $635
2010 $927 $791 $703 $675
2009 $931 $791 $716 $685
2008 $947 $811 $729 $705
2007 $899 $778 $639 $602
2006 $909 $804 $672 $649

Muskegon 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 Muskegon Michigan was 4.64% according to Census ACS data.

Rental Vacancy Rate in Muskegon Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Muskegon, MI 4.64% +0.72% -0.96%

Trends in Muskegon, MI Rental Vacancy Rate

The rental vacancy rate in Muskegon peaked in 2007 at 15.71%. Since then it has fallen by 11.07% to 4.64%. Data records for this series originated in 2005. From a 2016 post peak low of 3.92%, the rental vacancy rate has increased by 0.72%.

Rental Vacancy Rate: Muskegon MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Muskegon

Date US Michigan Muskegon, MI
2017 6.18% 4.87% 4.64%
2016 5.89% 5.41% 3.92%
2015 5.85% 5.19% 4.86%
2014 6.32% 5.88% 5.60%
2013 6.49% 6.04% 5.61%
2012 6.77% 6.73% 5.49%
2011 7.40% 7.72% 10.56%
2010 8.17% 9.60% 8.93%
2009 8.43% 9.48% 6.01%
2008 7.86% 9.73% 11.64%
2007 7.87% 9.66% 15.71%
2006 7.70% 10.42% 12.51%

Rent as a Fraction of Income

Using median household income data for Muskegon, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Muskegon, median monthly gross rent as a fraction of median household income was 16.99% in 2017 according to the ACS.

Muskegon 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%
Muskegon, MI 16.99% -2.72% -1.57%

Trends in Muskegon, MI Rent as a Fraction of Income

The fraction of median Muskegon household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.38%. Since then it has fallen by 3.39% to 16.99%.

Fraction of Income towards Rent: Muskegon MI, Michigan, US

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

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

Date US Michigan Muskegon, MI
2017 20.13% 18.25% 16.99%
2016 20.43% 18.70% 19.71%
2015 20.63% 18.86% 18.06%
2014 20.89% 18.97% 18.56%
2013 20.78% 19.09% 18.94%
2012 20.65% 19.16% 18.41%
2011 20.70% 19.29% 20.38%
2010 20.50% 19.29% 20.17%
2009 20.12% 18.99% 20.32%
2008 19.00% 17.44% 18.66%
2007 18.66% 17.09% 17.22%
2006 18.90% 17.17% 16.55%

Renter Fraction in Muskegon Michigan

You can calculate the renter fraction in Muskegon 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 Muskegon as a fraction of total Muskegon households. In 2017 24.90% of households were renters according to Census ACS data.

Muskegon 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%
Muskegon, MI 24.90% -2.56% -0.50%

Trends in the Muskegon, MI Renter Fraction

The Muskegon household renter fraction peaked in in 2016 at 27.46% and is now 2.56% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Muskegon MI, Michigan, US

Fraction of renters in Muskegon

History of Muskegon Renter Fraction

Date US Michigan Muskegon, MI
2017 36.13% 28.67% 24.90%
2016 36.88% 29.68% 27.46%
2015 36.97% 29.58% 26.67%
2014 36.90% 29.76% 25.40%
2013 36.50% 29.45% 25.77%
2012 36.09% 28.94% 25.93%
2011 35.42% 28.26% 24.32%
2010 34.65% 27.25% 27.34%
2009 34.13% 26.81% 26.75%
2008 33.36% 26.02% 23.70%
2007 32.80% 25.17% 22.92%
2006 32.73% 24.83% 20.68%

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.