Department of Numbers

Lewis And Clark County Montana Residential Rent and Rental Statistics

The median monthly gross residential rent in Lewis And Clark County MT was $778 in 2017 according to the Census ACS survey.1 Average gross rent in Lewis And Clark County was $822 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 Lewis And Clark County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lewis And Clark 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%
Lewis And Clark County MT Median Gross Rent $778 -4.54% +3.18%

Lewis And Clark County MT Real Gross Rent Trends

Median gross rent for Lewis And Clark County peaked in real terms in 2015 at $870 and is now $92 (10.57%) lower. Average gross rent for Lewis And Clark County peaked in real terms in 2015 at $852 and is now $30 (3.52%) lower. From a recent low of 725.0 in 2016, real average gross rent has now increased by $97 (13.38%).

Real Gross Rent: Lewis And Clark County MT Median, Lewis And Clark County MT Average, Montana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lewis And Clark County

Date US
Median
Montana
Median
Lewis And Clark County MT
Median
Lewis And Clark County MT
Average
2017 $1,012 $759 $778 $822
2016 $996 $753 $815 $725
2015 $987 $785 $870 $852
2014 $956 $728 $754 $823
2013 $924 $705 $809 $812
2012 $912 $703
2011 $912 $681
2010 $927 $696
2009 $931 $693
2008 $947 $725
2007 $899 $660
2006 $909 $680

Historical Rental Vacancy Rate data for Lewis And Clark County

Date US Montana Lewis And Clark County MT
2017 6.18% 6.15% 5.54%
2016 5.89% 6.18%
2015 5.85% 5.44%
2014 6.32% 6.13%
2013 6.49% 5.47%
2012 6.77% 6.78%
2011 7.40% 7.56%
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 Lewis And Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lewis And Clark County, median monthly gross rent as a fraction of median household income was 15.46% in 2017 according to the ACS.

Lewis And Clark 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%
Lewis And Clark County MT 15.46% +0.28% -1.07%

Trends in Lewis And Clark County MT Rent as a Fraction of Income

The fraction of median Lewis And Clark County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2013 series origin) at 17.29%. Since then it has fallen by 1.84% to 15.46%. From a 2016 low of 15.18%, the fraction of income going to rent has increased by 0.28%.

Fraction of Income towards Rent: Lewis And Clark County MT, Montana, US

Percent of median household income going towards median monthly gross rent in Lewis And Clark County Montana

Historical Data for Annual Rent as a Fraction of Income in Lewis And Clark County Montana

Date US Montana Lewis And Clark County MT
2017 20.13% 17.06% 15.46%
2016 20.43% 17.77% 15.18%
2015 20.63% 18.49% 17.27%
2014 20.89% 18.42% 16.53%
2013 20.78% 17.63% 17.29%
2012 20.65% 18.13%
2011 20.70% 17.64%
2010 20.50% 18.06%
2009 20.12% 17.78%
2008 19.00% 17.35%
2007 18.66% 15.96%
2006 18.90% 16.87%

Renter Fraction in Lewis And Clark County Montana

You can calculate the renter fraction in Lewis And Clark 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 Lewis And Clark County as a fraction of total Lewis And Clark County households. In 2017 29.08% of households were renters according to Census ACS data.

Lewis And Clark 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%
Lewis And Clark County MT 29.08% -2.21% -2.49%

Trends in the Lewis And Clark County MT Renter Fraction

The Lewis And Clark County household renter fraction peaked in in 2015 at 38.12% and is now 9.04% below that level. The origin year for the series is 2013.

Fraction of Renting Households: Lewis And Clark County MT, Montana, US

Fraction of renters in Lewis And Clark County

History of Lewis And Clark County Renter Fraction

Date US Montana Lewis And Clark County MT
2017 36.13% 30.85% 29.08%
2016 36.88% 31.99% 31.29%
2015 36.97% 33.34% 38.12%
2014 36.90% 33.61% 31.57%
2013 36.50% 33.12% 29.56%
2012 36.09% 32.95%
2011 35.42% 32.08%
2010 34.65% 30.32%
2009 34.13% 30.78%
2008 33.36% 31.48%
2007 32.80% 30.38%
2006 32.73% 30.11%

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.