Lancaster County Nebraska Residential Rent and Rental Statistics
The median monthly gross residential rent in Lancaster County NE was $859 in 2019 according to the Census ACS survey.1 Average gross rent in Lancaster County was $922 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 Lancaster County median and average rent data will be released in September of 2021.
Data is also available below for Lancaster County rental vacancy rates, Lancaster County rent as a percent of median income and the fraction of renters in Lancaster County.
Real Gross Rent in Lancaster County Nebraska (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Nebraska Median Gross Rent | $859 | +1.66% | +6.71% |
| Lancaster County NE Median Gross Rent | $859 | 0.00% | +5.79% |
Lancaster County NE Real Gross Rent Trends
Median gross rent for Lancaster County peaked in real terms in 2018 at $859 and is now $0 (0.00%) lower. At $922, real average gross rent in Lancaster County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Lancaster County NE Median, Lancaster County NE Average, Nebraska Median, US Median
Real Gross Rent History for Lancaster County
| Date | US Median |
Nebraska Median |
Lancaster County NE Median |
Lancaster County NE Average |
|---|---|---|---|---|
| 2019 | $1,097 | $859 | $859 | $922 |
| 2018 | $1,077 | $845 | $859 | $915 |
| 2017 | $1,043 | $826 | $844 | $856 |
| 2016 | $1,027 | $805 | $812 | $863 |
| 2015 | $1,017 | $796 | $816 | $861 |
| 2014 | $986 | $783 | $795 | $831 |
| 2013 | $953 | $752 | $758 | $789 |
| 2012 | $940 | $736 | $728 | $773 |
| 2011 | $941 | $727 | $734 | $788 |
| 2010 | $955 | $748 | $768 | $816 |
| 2009 | $960 | $734 | $757 | $778 |
| 2007 | $927 | $721 | $743 | $778 |
| 2005 | $910 | $711 | $771 | $815 |
Lancaster 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 Lancaster County Nebraska was 3.32% according to Census ACS data.
Rental Vacancy Rate in Lancaster County Nebraska
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Nebraska | 5.92% | +0.17% | +0.94% |
| Lancaster County NE | 3.32% | -1.60% | +0.76% |
Trends in Lancaster County NE Rental Vacancy Rate
The rental vacancy rate in Lancaster County peaked in 2008 at 12.15%. Since then it has fallen by 8.83% to 3.32%. Data records for this series originated in 2005. From a 2014 post peak low of 2.50%, the rental vacancy rate has increased by 0.82%.
Rental Vacancy Rate: Lancaster County NE, Nebraska, US
Historical Rental Vacancy Rate data for Lancaster County
| Date | US | Nebraska | Lancaster County NE |
|---|---|---|---|
| 2019 | 5.97% | 5.92% | 3.32% |
| 2018 | 6.15% | 5.75% | 4.92% |
| 2017 | 6.18% | 6.27% | 6.03% |
| 2016 | 5.89% | 4.98% | 2.56% |
| 2015 | 5.85% | 5.65% | 3.60% |
| 2014 | 6.32% | 5.80% | 2.50% |
| 2013 | 6.49% | 5.60% | 5.40% |
| 2012 | 6.77% | 5.97% | — |
| 2011 | 7.40% | 6.44% | 6.00% |
| 2010 | 8.17% | 6.54% | 5.34% |
| 2009 | 8.43% | 7.43% | 5.19% |
| 2007 | 7.87% | 8.80% | 7.20% |
| 2005 | 7.74% | 8.14% | 8.22% |
Rent as a Fraction of Income
Using median household income data for Lancaster County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lancaster County, median monthly gross rent as a fraction of median household income was 16.85% in 2019 according to the ACS.
Lancaster County Nebraska Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Nebraska | 16.30% | -0.42% | +0.09% |
| Lancaster County NE | 16.85% | -0.72% | +1.05% |
Trends in Lancaster County NE Rent as a Fraction of Income
The fraction of median Lancaster County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 17.57%. Since then it has fallen by 0.72% to 16.85%.
Fraction of Income towards Rent: Lancaster County NE, Nebraska, US
Historical Data for Annual Rent as a Fraction of Income in Lancaster County Nebraska
| Date | US | Nebraska | Lancaster County NE |
|---|---|---|---|
| 2019 | 20.03% | 16.30% | 16.85% |
| 2018 | 20.50% | 16.72% | 17.57% |
| 2017 | 20.13% | 16.03% | 16.57% |
| 2016 | 20.43% | 16.21% | 15.80% |
| 2015 | 20.63% | 16.36% | 17.15% |
| 2014 | 20.89% | 16.90% | 17.46% |
| 2013 | 20.78% | 16.66% | 16.61% |
| 2012 | 20.65% | 16.37% | 16.34% |
| 2011 | 20.70% | 16.06% | 16.78% |
| 2010 | 20.50% | 16.58% | 16.48% |
| 2009 | 20.12% | 16.32% | 16.88% |
| 2007 | 18.66% | 15.65% | 15.45% |
| 2005 | 18.89% | 15.57% | 15.74% |
Renter Fraction in Lancaster County Nebraska
You can calculate the renter fraction in Lancaster 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 Lancaster County as a fraction of total Lancaster County households. In 2019 39.70% of households were renters according to Census ACS data.
Lancaster County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Nebraska | 33.71% | -0.23% | -0.97% |
| Lancaster County NE | 39.70% | -0.37% | -1.42% |
Trends in the Lancaster County NE Renter Fraction
The Lancaster County household renter fraction peaked in in 2012 at 41.70% and is now 2.00% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lancaster County NE, Nebraska, US
History of Lancaster County Renter Fraction
| Date | US | Nebraska | Lancaster County NE |
|---|---|---|---|
| 2019 | 35.89% | 33.71% | 39.70% |
| 2018 | 36.05% | 33.94% | 40.07% |
| 2017 | 36.13% | 33.72% | 38.43% |
| 2016 | 36.88% | 34.68% | 41.12% |
| 2015 | 36.97% | 34.10% | 41.31% |
| 2014 | 36.90% | 34.06% | 39.91% |
| 2013 | 36.50% | 33.96% | 39.15% |
| 2012 | 36.09% | 33.66% | 41.70% |
| 2011 | 35.42% | 33.09% | 39.89% |
| 2010 | 34.65% | 32.62% | 40.52% |
| 2009 | 34.13% | 32.76% | 39.47% |
| 2007 | 32.80% | 31.24% | 36.32% |
| 2005 | 33.10% | 31.76% | 37.44% |
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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