Department of Numbers

Lauderdale County Mississippi Residential Rent and Rental Statistics

The median monthly gross residential rent in Lauderdale County MS was $661 in 2017 according to the Census ACS survey.1 Average gross rent in Lauderdale County was $661 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 Lauderdale County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lauderdale County Mississippi (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Mississippi Median Gross Rent $742 +0.41% +1.92%
Lauderdale County MS Median Gross Rent $661 -2.36% -6.77%

Lauderdale County MS Real Gross Rent Trends

Median gross rent for Lauderdale County peaked in real terms in 2015 at $771 and is now $110 (14.27%) lower. Average gross rent for Lauderdale County peaked in real terms in 2015 at $720 and is now $59 (8.19%) lower.

Real Gross Rent: Lauderdale County MS Median, Lauderdale County MS Average, Mississippi Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lauderdale County

Date US
Median
Mississippi
Median
Lauderdale County MS
Median
Lauderdale County MS
Average
2017 $1,012 $742 $661 $661
2016 $996 $739 $677 $697
2015 $987 $745 $771 $720
2014 $956 $728 $709 $595
2013 $924 $723 $679 $596
2012 $912 $687 $621 $542
2011 $912 $722 $652 $704
2010 $927 $728 $624 $601
2009 $931 $712 $691 $610
2008 $947 $733 $671 $590
2007 $899 $694 $644 $608
2006 $909 $695 $651 $612

Lauderdale County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Lauderdale County Mississippi was 11.50% according to Census ACS data.

Rental Vacancy Rate in Lauderdale County Mississippi

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Mississippi 10.71% +2.08% +1.61%
Lauderdale County MS

Trends in Lauderdale County MS Rental Vacancy Rate

The rental vacancy rate in Lauderdale County peaked in 2015 at 11.78%. Since then it has fallen by 0.28% to 11.50%. Data records for this series originated in 2005.

Rental Vacancy Rate: Lauderdale County MS, Mississippi, US

Rental vacancy rate in Mississippi

Historical Rental Vacancy Rate data for Lauderdale County

Date US Mississippi Lauderdale County MS
2017 6.18% 10.71%
2016 5.89% 8.63% 11.50%
2015 5.85% 8.89% 11.78%
2014 6.32% 9.10% 6.93%
2013 6.49% 8.71%
2012 6.77% 10.91%
2011 7.40% 13.13%
2010 8.17% 12.60%
2009 8.43% 11.34% 7.41%
2008 7.86% 9.22%
2007 7.87% 10.16%
2006 7.70% 9.37%

Rent as a Fraction of Income

Using median household income data for Lauderdale County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lauderdale County, median monthly gross rent as a fraction of median household income was 16.88% in 2017 according to the ACS.

Lauderdale County Mississippi Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Mississippi 20.46% -0.47% -1.05%
Lauderdale County MS 16.88% -2.01% -3.71%

Trends in Lauderdale County MS Rent as a Fraction of Income

The fraction of median Lauderdale County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 24.77%. Since then it has fallen by 7.89% to 16.88%.

Fraction of Income towards Rent: Lauderdale County MS, Mississippi, US

Percent of median household income going towards median monthly gross rent in Lauderdale County Mississippi

Historical Data for Annual Rent as a Fraction of Income in Lauderdale County Mississippi

Date US Mississippi Lauderdale County MS
2017 20.13% 20.46% 16.88%
2016 20.43% 20.92% 18.89%
2015 20.63% 21.40% 23.86%
2014 20.89% 21.50% 20.59%
2013 20.78% 22.38% 24.77%
2012 20.65% 21.54% 20.49%
2011 20.70% 22.39% 19.35%
2010 20.50% 21.88% 22.06%
2009 20.12% 21.09% 23.06%
2008 19.00% 20.26% 19.00%
2007 18.66% 20.11% 21.83%
2006 18.90% 20.33% 21.59%

Renter Fraction in Lauderdale County Mississippi

You can calculate the renter fraction in Lauderdale 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 Lauderdale County as a fraction of total Lauderdale County households. In 2017 34.93% of households were renters according to Census ACS data.

Lauderdale County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Mississippi 31.50% -1.23% -0.83%
Lauderdale County MS 34.93% +4.00% -2.87%

Trends in the Lauderdale County MS Renter Fraction

The Lauderdale County household renter fraction peaked in in 2014 at 37.80% and is now 2.87% below that level. From a recent low of 30.93% in 2016, the household based renter fraction has now grown by 4.00%. The origin year for the series is 2005.

Fraction of Renting Households: Lauderdale County MS, Mississippi, US

Fraction of renters in Lauderdale County

History of Lauderdale County Renter Fraction

Date US Mississippi Lauderdale County MS
2017 36.13% 31.50% 34.93%
2016 36.88% 32.73% 30.93%
2015 36.97% 32.61% 35.35%
2014 36.90% 32.33% 37.80%
2013 36.50% 32.80% 35.53%
2012 36.09% 31.81% 36.53%
2011 35.42% 30.19% 31.30%
2010 34.65% 30.24% 35.72%
2009 34.13% 30.51% 31.68%
2008 33.36% 29.91% 36.25%
2007 32.80% 28.71% 35.91%
2006 32.73% 29.31% 34.07%

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.