Van Buren County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Van Buren County MI was $758 in 2019 according to the Census ACS survey.1 Average gross rent in Van Buren County was $691 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 Van Buren County median and average rent data will be released in September of 2021.
Data is also available below for Van Buren County rental vacancy rates, Van Buren County rent as a percent of median income and the fraction of renters in Van Buren County.
Real Gross Rent in Van Buren 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% |
| Van Buren County MI Median Gross Rent | $758 | -1.04% | +7.21% |
Van Buren County MI Real Gross Rent Trends
Median gross rent for Van Buren County peaked in real terms in 2018 at $766 and is now $8 (1.04%) lower. Average gross rent for Van Buren County peaked in real terms in 2018 at $703 and is now $12 (1.71%) lower.
Real Gross Rent: Van Buren County MI Median, Van Buren County MI Average, Michigan Median, US Median
Real Gross Rent History for Van Buren County
| Date | US Median |
Michigan Median |
Van Buren County MI Median |
Van Buren County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $758 | $691 |
| 2018 | $1,077 | $877 | $766 | $703 |
| 2017 | $1,043 | $861 | $689 | $641 |
| 2016 | $1,027 | $857 | $707 | $654 |
| 2015 | $1,017 | $852 | $646 | $649 |
| 2014 | $986 | $832 | $716 | $668 |
| 2013 | $953 | $809 | $671 | $634 |
| 2012 | $940 | $796 | $716 | $621 |
| 2011 | $941 | $798 | $700 | $661 |
| 2010 | $955 | $816 | $617 | $574 |
| 2009 | $960 | $816 | $589 | $543 |
| 2007 | $927 | $802 | $631 | $563 |
| 2005 | $910 | $819 | $645 | $614 |
Van Buren 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 Van Buren County Michigan was 7.16% according to Census ACS data.
Rental Vacancy Rate in Van Buren County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Van Buren County MI | 7.16% | — | +0.15% |
Trends in Van Buren County MI Rental Vacancy Rate
The rental vacancy rate in Van Buren County peaked in 2006 at 16.46%. Since then it has fallen by 9.30% to 7.16%. Data records for this series originated in 2005. From a 2009 post peak low of 1.04%, the rental vacancy rate has increased by 6.12%.
Rental Vacancy Rate: Van Buren County MI, Michigan, US
Historical Rental Vacancy Rate data for Van Buren County
| Date | US | Michigan | Van Buren County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 7.16% |
| 2018 | 6.15% | 4.82% | — |
| 2017 | 6.18% | 4.87% | 4.60% |
| 2016 | 5.89% | 5.41% | 7.01% |
| 2015 | 5.85% | 5.19% | 8.51% |
| 2014 | 6.32% | 5.88% | 8.68% |
| 2013 | 6.49% | 6.04% | 7.66% |
| 2012 | 6.77% | 6.73% | 6.37% |
| 2011 | 7.40% | 7.72% | 8.05% |
| 2010 | 8.17% | 9.60% | 4.85% |
| 2009 | 8.43% | 9.48% | 1.04% |
| 2007 | 7.87% | 9.66% | 9.97% |
| 2005 | 7.74% | 10.09% | — |
Rent as a Fraction of Income
Using median household income data for Van Buren County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Van Buren County, median monthly gross rent as a fraction of median household income was 15.02% in 2019 according to the ACS.
Van Buren 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% |
| Van Buren County MI | 15.02% | -0.20% | -1.88% |
Trends in Van Buren County MI Rent as a Fraction of Income
The fraction of median Van Buren County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.79%. Since then it has fallen by 3.77% to 15.02%.
Fraction of Income towards Rent: Van Buren County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Van Buren County Michigan
| Date | US | Michigan | Van Buren County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 15.02% |
| 2018 | 20.50% | 18.22% | 15.22% |
| 2017 | 20.13% | 18.25% | 15.13% |
| 2016 | 20.43% | 18.70% | 16.90% |
| 2015 | 20.63% | 18.86% | 15.21% |
| 2014 | 20.89% | 18.97% | 17.15% |
| 2013 | 20.78% | 19.09% | 16.96% |
| 2012 | 20.65% | 19.16% | 18.17% |
| 2011 | 20.70% | 19.29% | 18.79% |
| 2010 | 20.50% | 19.29% | 14.97% |
| 2009 | 20.12% | 18.99% | 15.50% |
| 2007 | 18.66% | 17.09% | 14.38% |
| 2005 | 18.89% | 17.07% | 15.56% |
Renter Fraction in Van Buren County Michigan
You can calculate the renter fraction in Van Buren 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 Van Buren County as a fraction of total Van Buren County households. In 2019 23.60% of households were renters according to Census ACS data.
Van Buren 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% |
| Van Buren County MI | 23.60% | +1.58% | +1.26% |
Trends in the Van Buren County MI Renter Fraction
The Van Buren County household renter fraction peaked in in 2017 at 23.91% and is now 0.31% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Van Buren County MI, Michigan, US
History of Van Buren County Renter Fraction
| Date | US | Michigan | Van Buren County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 23.60% |
| 2018 | 36.05% | 28.81% | 22.02% |
| 2017 | 36.13% | 28.67% | 23.91% |
| 2016 | 36.88% | 29.68% | 22.34% |
| 2015 | 36.97% | 29.58% | 21.59% |
| 2014 | 36.90% | 29.76% | 23.44% |
| 2013 | 36.50% | 29.45% | 21.66% |
| 2012 | 36.09% | 28.94% | 21.49% |
| 2011 | 35.42% | 28.26% | 22.56% |
| 2010 | 34.65% | 27.25% | 18.24% |
| 2009 | 34.13% | 26.81% | 22.81% |
| 2007 | 32.80% | 25.17% | 20.23% |
| 2005 | 33.10% | 25.33% | 22.12% |
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. ↩
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