Cascade County Montana Residential Rent and Rental Statistics
The median monthly gross residential rent in Cascade County MT was $763 in 2019 according to the Census ACS survey.1 Average gross rent in Cascade County was $768 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 Cascade County median and average rent data will be released in September of 2021.
Data is also available below for Cascade County rental vacancy rates, Cascade County rent as a percent of median income and the fraction of renters in Cascade County.
Real Gross Rent in Cascade County Montana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Montana Median Gross Rent | $831 | +0.61% | +7.09% |
| Cascade County MT Median Gross Rent | $763 | -5.45% | +2.69% |
Cascade County MT Real Gross Rent Trends
Median gross rent for Cascade County peaked in real terms in 2018 at $807 and is now $44 (5.45%) lower. Average gross rent for Cascade County peaked in real terms in 2018 at $801 and is now $33 (4.12%) lower.
Real Gross Rent: Cascade County MT Median, Cascade County MT Average, Montana Median, US Median
Real Gross Rent History for Cascade County
| Date | US Median |
Montana Median |
Cascade County MT Median |
Cascade County MT Average |
|---|---|---|---|---|
| 2019 | $1,097 | $831 | $763 | $768 |
| 2018 | $1,077 | $826 | $807 | $801 |
| 2017 | $1,043 | $783 | $710 | $722 |
| 2016 | $1,027 | $776 | $743 | $738 |
| 2015 | $1,017 | $809 | $756 | $751 |
| 2014 | $986 | $751 | $644 | $650 |
| 2013 | $953 | $727 | $673 | $722 |
| 2012 | $940 | $724 | $650 | $681 |
| 2011 | $941 | $702 | $644 | $643 |
| 2010 | $955 | $717 | $650 | $632 |
| 2009 | $960 | $715 | $590 | $519 |
| 2007 | $927 | $680 | $560 | $538 |
| 2005 | $910 | $690 | $643 | $566 |
Cascade 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 Cascade County Montana was 12.39% according to Census ACS data.
Rental Vacancy Rate in Cascade County Montana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Montana | 7.08% | -0.36% | +0.90% |
| Cascade County MT | 12.39% | +7.87% | +8.31% |
Trends in Cascade County MT Rental Vacancy Rate
The rental vacancy rate in Cascade County peaked in 2011 at 14.52%. Since then it has fallen by 2.13% to 12.39%. Data records for this series originated in 2005. From a 2013 post peak low of 2.33%, the rental vacancy rate has increased by 10.06%.
Rental Vacancy Rate: Cascade County MT, Montana, US
Historical Rental Vacancy Rate data for Cascade County
| Date | US | Montana | Cascade County MT |
|---|---|---|---|
| 2019 | 5.97% | 7.08% | 12.39% |
| 2018 | 6.15% | 7.44% | 4.52% |
| 2017 | 6.18% | 6.15% | 7.35% |
| 2016 | 5.89% | 6.18% | 4.08% |
| 2015 | 5.85% | 5.44% | — |
| 2014 | 6.32% | 6.13% | — |
| 2013 | 6.49% | 5.47% | 2.33% |
| 2012 | 6.77% | 6.78% | 5.67% |
| 2011 | 7.40% | 7.56% | 14.52% |
| 2010 | 8.17% | 6.76% | — |
| 2009 | 8.43% | 6.58% | — |
| 2007 | 7.87% | 4.26% | — |
| 2005 | 7.74% | 6.52% | 3.68% |
Rent as a Fraction of Income
Using median household income data for Cascade County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cascade County, median monthly gross rent as a fraction of median household income was 17.87% in 2019 according to the ACS.
Cascade County Montana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Montana | 17.45% | -0.14% | -0.33% |
| Cascade County MT | 17.87% | -1.18% | -1.00% |
Trends in Cascade County MT Rent as a Fraction of Income
The fraction of median Cascade County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 19.05%. Since then it has fallen by 1.18% to 17.87%.
Fraction of Income towards Rent: Cascade County MT, Montana, US
Historical Data for Annual Rent as a Fraction of Income in Cascade County Montana
| Date | US | Montana | Cascade County MT |
|---|---|---|---|
| 2019 | 20.03% | 17.45% | 17.87% |
| 2018 | 20.50% | 17.59% | 19.05% |
| 2017 | 20.13% | 17.06% | 17.33% |
| 2016 | 20.43% | 17.77% | 18.88% |
| 2015 | 20.63% | 18.49% | 18.76% |
| 2014 | 20.89% | 18.42% | 17.36% |
| 2013 | 20.78% | 17.63% | 17.45% |
| 2012 | 20.65% | 18.13% | 17.57% |
| 2011 | 20.70% | 17.64% | 16.78% |
| 2010 | 20.50% | 18.06% | 16.68% |
| 2009 | 20.12% | 17.78% | 15.34% |
| 2007 | 18.66% | 15.96% | 13.33% |
| 2005 | 18.89% | 16.85% | 15.85% |
Renter Fraction in Cascade County Montana
You can calculate the renter fraction in Cascade 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 Cascade County as a fraction of total Cascade County households. In 2019 34.04% of households were renters according to Census ACS data.
Cascade County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Montana | 31.12% | -1.42% | -0.87% |
| Cascade County MT | 34.04% | -6.39% | -2.46% |
Trends in the Cascade County MT Renter Fraction
The Cascade County household renter fraction peaked in in 2018 at 40.43% and is now 6.39% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cascade County MT, Montana, US
History of Cascade County Renter Fraction
| Date | US | Montana | Cascade County MT |
|---|---|---|---|
| 2019 | 35.89% | 31.12% | 34.04% |
| 2018 | 36.05% | 32.54% | 40.43% |
| 2017 | 36.13% | 30.85% | 31.35% |
| 2016 | 36.88% | 31.99% | 36.50% |
| 2015 | 36.97% | 33.34% | 38.84% |
| 2014 | 36.90% | 33.61% | 36.21% |
| 2013 | 36.50% | 33.12% | 35.88% |
| 2012 | 36.09% | 32.95% | 39.01% |
| 2011 | 35.42% | 32.08% | 32.88% |
| 2010 | 34.65% | 30.32% | 32.54% |
| 2009 | 34.13% | 30.78% | 31.20% |
| 2007 | 32.80% | 30.38% | 33.97% |
| 2005 | 33.10% | 30.90% | 29.52% |
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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