Department of Numbers

Carson City Nevada Residential Rent and Rental Statistics

The median monthly gross residential rent in Carson City, NV (the Carson City metro area) was $873 in 2016 according to the Census ACS survey.1 Average gross rent in Carson City was $905 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Carson City median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Carson City Nevada (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Nevada Median Gross Rent $1,003 +1.01% +4.81%
Carson City, NV Median Gross Rent $873 +2.95% +7.64%

Carson City, NV Real Gross Rent Trends

Median gross rent for Carson City peaked in real terms in 2009 at $985 and is now $112 (11.37%) lower. From a recent low of 744.0 in 2014, real median gross rent has now increased by $129 (17.34%). Average gross rent for Carson City peaked in real terms in 2009 at $965 and is now $60 (6.22%) lower. From a recent low of 791.0 in 2014, real average gross rent has now increased by $114 (14.41%).

Real Gross Rent in Carson City: Carson City NV Median, Carson City NV Average, Nevada Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Carson City

Date US
Median
Nevada
Median
Carson City, NV
Median
Carson City, NV
Average
2016 $981 $1,003 $873 $905
2015 $972 $993 $848 $900
2014 $942 $963 $744 $791
2013 $910 $957 $811 $876
2012 $898 $959 $820 $905
2011 $898 $965 $851 $891
2010 $912 $1,016 $908 $903
2009 $916 $1,081 $985 $965
2008 $932 $1,144
2007 $885 $1,100
2006 $895 $1,075
2005 $869 $1,028

Historical Rental Vacancy Rate data for Carson City

Date US Nevada Carson City, NV
2016 5.89% 7.96%
2015 5.85% 8.47%
2014 6.32% 8.38%
2013 6.49% 10.51%
2012 6.77% 10.96%
2011 7.40% 11.73%
2010 8.17% 10.71% 10.75%
2009 8.43% 12.58%
2008 7.86% 11.28%
2007 7.87% 10.10%
2006 7.70% 9.10%
2005 7.74% 7.31%

Rent as a Fraction of Income

Using median household income data for Carson City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Carson City, median monthly gross rent as a fraction of median household income was 20.07% in 2016 according to the ACS.

Carson City Nevada Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Nevada 21.81% -0.62% -0.49%
Carson City, NV 20.07% -3.70% -0.68%

Trends in Carson City, NV Rent as a Fraction of Income

The fraction of median Carson City household income required to pay median monthly gross rent peaked in 2015 (relative to the 2009 series origin) at 23.77%. Since then it has fallen by 3.70% to 20.07%.

Fraction of Income towards Rent: Carson City NV, Nevada, US

Percent of median household income going towards median monthly gross rent in Carson City Nevada

Historical Data for Annual Rent as a Fraction of Income in Carson City Nevada

Date US Nevada Carson City, NV
2016 20.43% 21.81% 20.07%
2015 20.63% 22.43% 23.77%
2014 20.89% 22.27% 20.20%
2013 20.78% 22.30% 20.75%
2012 20.65% 22.77% 19.45%
2011 20.70% 22.96% 18.43%
2010 20.50% 22.40% 19.48%
2009 20.12% 22.34% 18.82%
2008 19.00% 21.53%
2007 18.66% 21.36%
2006 18.90% 20.76%
2005 18.89% 21.01%

Renter Fraction in Carson City Nevada

You can calculate the renter fraction in Carson City 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 Carson City as a fraction of total Carson City households. In 2016 45.32% of households were renters according to Census ACS data.

Carson City Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Nevada 45.15% -0.83% -0.54%
Carson City, NV 45.32% -0.37% +0.02%

Trends in the Carson City, NV Renter Fraction

The Carson City household renter fraction peaked in in 2012 at 46.72% and is now 1.40% below that level. The origin year for the series is 2009.

Fraction of Renting Households: Carson City NV, Nevada, US

Fraction of renters in Carson City

History of Carson City Renter Fraction

Date US Nevada Carson City, NV
2016 36.88% 45.15% 45.32%
2015 36.97% 45.98% 45.69%
2014 36.90% 46.36% 42.14%
2013 36.50% 45.69% 45.30%
2012 36.09% 45.13% 46.72%
2011 35.42% 43.71% 41.48%
2010 34.65% 42.83% 41.21%
2009 34.13% 40.75% 35.46%
2008 33.36% 40.35%
2007 32.80% 39.59%
2006 32.73% 38.01%
2005 33.10% 39.33%

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.