Department of Numbers

Mckinley County New Mexico Residential Rent and Rental Statistics

The median monthly gross residential rent in Mckinley County NM was $621 in 2017 according to the Census ACS survey.1 Average gross rent in Mckinley County was $501 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 Mckinley County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Mckinley County New Mexico (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
New Mexico Median Gross Rent $813 -0.37% +2.14%
Mckinley County NM Median Gross Rent $621 -11.91% +4.72%

Mckinley County NM Real Gross Rent Trends

Median gross rent for Mckinley County peaked in real terms in 2016 at $705 and is now $84 (11.91%) lower. Average gross rent for Mckinley County peaked in real terms in 2015 at $657 and is now $156 (23.74%) lower.

Real Gross Rent: Mckinley County NM Median, Mckinley County NM Average, New Mexico Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mckinley County

Date US
Median
New Mexico
Median
Mckinley County NM
Median
Mckinley County NM
Average
2017 $1,012 $813 $621 $501
2016 $996 $816 $705 $560
2015 $987 $806 $694 $657
2014 $956 $796 $593 $466
2013 $924 $788 $597 $592
2012 $912 $777 $546 $525
2011 $912 $764 $555 $477
2010 $927 $758 $507 $490
2009 $931 $752 $550 $454
2008 $947 $767 $641 $644
2007 $899 $726 $565 $492
2006 $909 $735 $478 $455

Mckinley 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 Mckinley County New Mexico was 18.66% according to Census ACS data.

Rental Vacancy Rate in Mckinley County New Mexico

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
New Mexico 8.29% -1.57% -0.12%
Mckinley County NM

Trends in Mckinley County NM Rental Vacancy Rate

The rental vacancy rate in Mckinley County peaked in 2009 at 19.99%. Since then it has fallen by 1.33% to 18.66%. Data records for this series originated in 2006.

Rental Vacancy Rate: Mckinley County NM, New Mexico, US

Rental vacancy rate in New Mexico

Historical Rental Vacancy Rate data for Mckinley County

Date US New Mexico Mckinley County NM
2017 6.18% 8.29%
2016 5.89% 9.86%
2015 5.85% 8.75%
2014 6.32% 8.41% 18.66%
2013 6.49% 9.01%
2012 6.77% 8.62% 10.61%
2011 7.40% 7.42% 14.29%
2010 8.17% 7.31% 13.05%
2009 8.43% 9.74% 19.99%
2008 7.86% 7.55% 10.61%
2007 7.87% 9.64% 15.76%
2006 7.70% 8.42%

Rent as a Fraction of Income

Using median household income data for Mckinley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mckinley County, median monthly gross rent as a fraction of median household income was 23.61% in 2017 according to the ACS.

Mckinley County New Mexico Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
New Mexico 20.87% +0.23% +0.06%
Mckinley County NM 23.61% -2.81% -2.09%

Trends in Mckinley County NM Rent as a Fraction of Income

The fraction of median Mckinley County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2006 series origin) at 28.71%. Since then it has fallen by 5.10% to 23.61%.

Fraction of Income towards Rent: Mckinley County NM, New Mexico, US

Percent of median household income going towards median monthly gross rent in Mckinley County New Mexico

Historical Data for Annual Rent as a Fraction of Income in Mckinley County New Mexico

Date US New Mexico Mckinley County NM
2017 20.13% 20.87% 23.61%
2016 20.43% 20.64% 26.42%
2015 20.63% 20.70% 28.71%
2014 20.89% 20.81% 25.69%
2013 20.78% 21.12% 28.14%
2012 20.65% 21.23% 21.38%
2011 20.70% 20.85% 21.94%
2010 20.50% 19.93% 19.12%
2009 20.12% 18.96% 17.10%
2008 19.00% 18.42% 21.67%
2007 18.66% 18.44% 13.99%
2006 18.90% 18.22% 17.65%

Renter Fraction in Mckinley County New Mexico

You can calculate the renter fraction in Mckinley 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 Mckinley County as a fraction of total Mckinley County households. In 2017 30.04% of households were renters according to Census ACS data.

Mckinley County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
New Mexico 32.08% -0.53% -1.01%
Mckinley County NM 30.04% -4.95% +2.19%

Trends in the Mckinley County NM Renter Fraction

The Mckinley County household renter fraction peaked in in 2016 at 34.99% and is now 4.95% below that level. The origin year for the series is 2006.

Fraction of Renting Households: Mckinley County NM, New Mexico, US

Fraction of renters in Mckinley County

History of Mckinley County Renter Fraction

Date US New Mexico Mckinley County NM
2017 36.13% 32.08% 30.04%
2016 36.88% 32.61% 34.99%
2015 36.97% 32.55% 28.00%
2014 36.90% 33.09% 27.85%
2013 36.50% 32.09% 23.86%
2012 36.09% 32.27% 26.84%
2011 35.42% 31.84% 28.80%
2010 34.65% 32.06% 29.05%
2009 34.13% 30.67% 28.77%
2008 33.36% 30.83% 29.05%
2007 32.80% 29.99% 26.28%
2006 32.73% 30.32% 22.81%

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.