Department of Numbers

Cascade County Montana Residential Rent and Rental Statistics

The median monthly gross residential rent in Cascade County MT was $689 in 2017 according to the Census ACS survey.1 Average gross rent in Cascade County was $700 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 Cascade County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Cascade County Montana (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Montana Median Gross Rent $759 +0.80% +4.26%
Cascade County MT Median Gross Rent $689 -4.44% +10.24%

Cascade County MT Real Gross Rent Trends

Median gross rent for Cascade County peaked in real terms in 2015 at $734 and is now $45 (6.13%) lower. Average gross rent for Cascade County peaked in real terms in 2015 at $728 and is now $28 (3.85%) lower.

Real Gross Rent: Cascade County MT Median, Cascade County MT Average, Montana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cascade County

Date US
Median
Montana
Median
Cascade County MT
Median
Cascade County MT
Average
2017 $1,012 $759 $689 $700
2016 $996 $753 $721 $716
2015 $987 $785 $734 $728
2014 $956 $728 $625 $631
2013 $924 $705 $653 $701
2012 $912 $703 $630 $660
2011 $912 $681 $624 $623
2010 $927 $696 $631 $613
2009 $931 $693 $573 $503
2008 $947 $725 $623 $632
2007 $899 $660 $544 $522
2006 $909 $680 $663 $648

Cascade County 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 Cascade County Montana was 7.35% according to Census ACS data.

Rental Vacancy Rate in Cascade County Montana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Montana 6.15% -0.03% +0.02%
Cascade County MT 7.35% +3.27%

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 7.17% to 7.35%. Data records for this series originated in 2005. From a 2013 post peak low of 2.33%, the rental vacancy rate has increased by 5.02%.

Rental Vacancy Rate: Cascade County MT, Montana, US

Rental vacancy rate in Montana

Historical Rental Vacancy Rate data for Cascade County

Date US Montana Cascade County MT
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%
2008 7.86% 5.55%
2007 7.87% 4.26%
2006 7.70% 6.18%

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 17.33% in 2017 according to the ACS.

Cascade County Montana Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Montana 17.06% -0.71% -1.36%
Cascade County MT 17.33% -1.55% -0.03%

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 2016 (relative to the 2005 series origin) at 18.88%. Since then it has fallen by 1.55% to 17.33%.

Fraction of Income towards Rent: Cascade County MT, Montana, US

Percent of median household income going towards median monthly gross rent in Cascade County Montana

Historical Data for Annual Rent as a Fraction of Income in Cascade County Montana

Date US Montana Cascade County MT
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%
2008 19.00% 17.35% 15.21%
2007 18.66% 15.96% 13.33%
2006 18.90% 16.87% 16.76%

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 2017 31.35% of households were renters according to Census ACS data.

Cascade County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Montana 30.85% -1.14% -2.76%
Cascade County MT 31.35% -5.15% -4.86%

Trends in the Cascade County MT Renter Fraction

The Cascade County household renter fraction peaked in in 2012 at 39.01% and is now 7.66% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cascade County MT, Montana, US

Fraction of renters in Cascade County

History of Cascade County Renter Fraction

Date US Montana Cascade County MT
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%
2008 33.36% 31.48% 33.02%
2007 32.80% 30.38% 33.97%
2006 32.73% 30.11% 32.78%

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.