Department of Numbers

Sarpy County Nebraska Residential Rent and Rental Statistics

The median monthly gross residential rent in Sarpy County NE was $992 in 2017 according to the Census ACS survey.1 Average gross rent in Sarpy County was $1,048 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 Sarpy County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Sarpy County Nebraska (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Nebraska Median Gross Rent $801 +2.56% +5.39%
Sarpy County NE Median Gross Rent $992 +2.80% +7.01%

Sarpy County NE Real Gross Rent Trends

At $992, real median gross rent in Sarpy County was at its highest level in 2017 since the series began in 2005. At $1,048, real average gross rent in Sarpy County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Sarpy County NE Median, Sarpy County NE Average, Nebraska Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sarpy County

Date US
Median
Nebraska
Median
Sarpy County NE
Median
Sarpy County NE
Average
2017 $1,012 $801 $992 $1,048
2016 $996 $781 $965 $1,000
2015 $987 $772 $939 $982
2014 $956 $760 $927 $959
2013 $924 $729 $865 $957
2012 $912 $714 $872 $909
2011 $912 $705 $836 $884
2010 $927 $725 $919 $952
2009 $931 $712 $902 $933
2008 $947 $719 $881 $938
2007 $899 $700 $900 $896
2006 $909 $706 $875 $931

Sarpy County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Sarpy County Nebraska was 7.39% according to Census ACS data.

Rental Vacancy Rate in Sarpy County Nebraska

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Nebraska 6.27% +1.29% +0.47%
Sarpy County NE

Trends in Sarpy County NE Rental Vacancy Rate

The rental vacancy rate in Sarpy County peaked in 2005 at 8.97%. Since then it has fallen by 1.58% to 7.39%. Data records for this series originated in 2005. From a 2010 post peak low of 3.72%, the rental vacancy rate has increased by 3.67%.

Rental Vacancy Rate: Sarpy County NE, Nebraska, US

Rental vacancy rate in Nebraska

Historical Rental Vacancy Rate data for Sarpy County

Date US Nebraska Sarpy County NE
2017 6.18% 6.27%
2016 5.89% 4.98%
2015 5.85% 5.65%
2014 6.32% 5.80% 7.39%
2013 6.49% 5.60% 8.81%
2012 6.77% 5.97%
2011 7.40% 6.44% 4.18%
2010 8.17% 6.54% 3.72%
2009 8.43% 7.43%
2008 7.86% 8.15% 5.65%
2007 7.87% 8.80%
2006 7.70% 7.63% 7.70%

Rent as a Fraction of Income

Using median household income data for Sarpy County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sarpy County, median monthly gross rent as a fraction of median household income was 14.75% in 2017 according to the ACS.

Sarpy County Nebraska Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Nebraska 16.03% -0.18% -0.87%
Sarpy County NE 14.75% -0.74% +0.03%

Trends in Sarpy County NE Rent as a Fraction of Income

The fraction of median Sarpy County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 15.50%. Since then it has fallen by 0.74% to 14.75%.

Fraction of Income towards Rent: Sarpy County NE, Nebraska, US

Percent of median household income going towards median monthly gross rent in Sarpy County Nebraska

Historical Data for Annual Rent as a Fraction of Income in Sarpy County Nebraska

Date US Nebraska Sarpy County NE
2017 20.13% 16.03% 14.75%
2016 20.43% 16.21% 15.50%
2015 20.63% 16.36% 14.90%
2014 20.89% 16.90% 14.72%
2013 20.78% 16.66% 15.47%
2012 20.65% 16.37% 15.18%
2011 20.70% 16.06% 14.95%
2010 20.50% 16.58% 14.63%
2009 20.12% 16.32% 14.54%
2008 19.00% 15.12% 14.37%
2007 18.66% 15.65% 15.16%
2006 18.90% 15.65% 14.23%

Renter Fraction in Sarpy County Nebraska

You can calculate the renter fraction in Sarpy 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 Sarpy County as a fraction of total Sarpy County households. In 2017 30.27% of households were renters according to Census ACS data.

Sarpy County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Nebraska 33.72% -0.96% -0.34%
Sarpy County NE 30.27% -2.92% +1.35%

Trends in the Sarpy County NE Renter Fraction

The Sarpy County household renter fraction peaked in in 2016 at 33.19% and is now 2.92% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Sarpy County NE, Nebraska, US

Fraction of renters in Sarpy County

History of Sarpy County Renter Fraction

Date US Nebraska Sarpy County NE
2017 36.13% 33.72% 30.27%
2016 36.88% 34.68% 33.19%
2015 36.97% 34.10% 29.37%
2014 36.90% 34.06% 28.92%
2013 36.50% 33.96% 29.95%
2012 36.09% 33.66% 30.34%
2011 35.42% 33.09% 31.28%
2010 34.65% 32.62% 27.37%
2009 34.13% 32.76% 27.50%
2008 33.36% 30.70% 29.91%
2007 32.80% 31.24% 28.83%
2006 32.73% 32.10% 30.01%

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.