Muskegon Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Muskegon, MI (the Muskegon-Norton Shores metro area) was $727 in 2019 according to the Census ACS survey.1 Average gross rent in Muskegon was $735 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 Muskegon median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Muskegon 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% |
| Muskegon, MI Median Gross Rent | $727 | -4.97% | -4.47% |
Muskegon, MI Real Gross Rent Trends
Median gross rent for Muskegon peaked in real terms in 2018 at $765 and is now $38 (4.97%) lower. Average gross rent for Muskegon peaked in real terms in 2016 at $762 and is now $27 (3.54%) lower.
Real Gross Rent in Muskegon: Muskegon MI Median, Muskegon MI Average, Michigan Median, US Median
Real Gross Rent History for Muskegon
| Date | US Median |
Michigan Median |
Muskegon, MI Median |
Muskegon, MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $727 | $735 |
| 2018 | $1,077 | $877 | $765 | $700 |
| 2017 | $1,043 | $861 | $719 | $692 |
| 2016 | $1,027 | $857 | $761 | $762 |
| 2015 | $1,017 | $852 | $757 | $738 |
| 2014 | $986 | $832 | $696 | $666 |
| 2013 | $953 | $809 | $692 | $666 |
| 2012 | $940 | $796 | $662 | $662 |
| 2011 | $941 | $798 | $690 | $655 |
| 2010 | $955 | $816 | $725 | $696 |
| 2009 | $960 | $816 | $739 | $707 |
| 2007 | $927 | $802 | $659 | $620 |
| 2005 | $910 | $819 | $624 | $656 |
Muskegon 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 Muskegon Michigan was 6.47% according to Census ACS data.
Rental Vacancy Rate in Muskegon Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Muskegon, MI | 6.47% | +0.43% | +2.55% |
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 9.24% to 6.47%. Data records for this series originated in 2005. From a 2016 post peak low of 3.92%, the rental vacancy rate has increased by 2.55%.
Rental Vacancy Rate: Muskegon MI, Michigan, US
Historical Rental Vacancy Rate data for Muskegon
| Date | US | Michigan | Muskegon, MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 6.47% |
| 2018 | 6.15% | 4.82% | 6.04% |
| 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% |
| 2007 | 7.87% | 9.66% | 15.71% |
| 2005 | 7.74% | 10.09% | 11.39% |
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 17.32% in 2019 according to the ACS.
Muskegon 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% |
| Muskegon, MI | 17.32% | -0.67% | -2.39% |
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 3.06% to 17.32%.
Fraction of Income towards Rent: Muskegon MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Muskegon Michigan
| Date | US | Michigan | Muskegon, MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 17.32% |
| 2018 | 20.50% | 18.22% | 18.00% |
| 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% |
| 2007 | 18.66% | 17.09% | 17.22% |
| 2005 | 18.89% | 17.07% | 14.29% |
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 2019 25.80% of households were renters according to Census ACS data.
Muskegon 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% |
| Muskegon, MI | 25.80% | +0.93% | -1.66% |
Trends in the Muskegon, MI Renter Fraction
The Muskegon household renter fraction peaked in in 2016 at 27.46% and is now 1.66% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Muskegon MI, Michigan, US
History of Muskegon Renter Fraction
| Date | US | Michigan | Muskegon, MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 25.80% |
| 2018 | 36.05% | 28.81% | 24.87% |
| 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% |
| 2007 | 32.80% | 25.17% | 22.92% |
| 2005 | 33.10% | 25.33% | 17.91% |
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. ↩
