Department of Numbers

Cattaraugus County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Cattaraugus County NY was $608 in 2017 according to the Census ACS survey.1 Average gross rent in Cattaraugus County was $595 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 Cattaraugus County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cattaraugus County New York (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
New York Median Gross Rent $1,226 +1.07% +4.34%
Cattaraugus County NY Median Gross Rent $608 -3.34% -3.95%

Cattaraugus County NY Real Gross Rent Trends

Median gross rent for Cattaraugus County peaked in real terms in 2008 at $669 and is now $61 (9.12%) lower. Average gross rent for Cattaraugus County peaked in real terms in 2008 at $639 and is now $44 (6.89%) lower.

Real Gross Rent: Cattaraugus County NY Median, Cattaraugus County NY Average, New York Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cattaraugus County

Date US
Median
New York
Median
Cattaraugus County NY
Median
Cattaraugus County NY
Average
2017 $1,012 $1,226 $608 $595
2016 $996 $1,213 $629 $590
2015 $987 $1,207 $635 $625
2014 $956 $1,175 $633 $599
2013 $924 $1,133 $614 $603
2012 $912 $1,113 $616 $585
2011 $912 $1,108 $665 $603
2010 $927 $1,105 $616 $592
2009 $931 $1,088 $654 $638
2008 $947 $1,095 $669 $639
2007 $899 $1,033 $660 $600
2006 $909 $1,042 $620 $578

Cattaraugus County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Cattaraugus County New York was 4.55% according to Census ACS data.

Rental Vacancy Rate in Cattaraugus County New York

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
New York 4.19% -0.23% -0.15%
Cattaraugus County NY 4.55% -0.86% -2.43%

Trends in Cattaraugus County NY Rental Vacancy Rate

The rental vacancy rate in Cattaraugus County peaked in 2007 at 10.30%. Since then it has fallen by 5.75% to 4.55%. Data records for this series originated in 2005. From a 2013 post peak low of 3.16%, the rental vacancy rate has increased by 1.39%.

Rental Vacancy Rate: Cattaraugus County NY, New York, US

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Cattaraugus County

Date US New York Cattaraugus County NY
2017 6.18% 4.19% 4.55%
2016 5.89% 4.42% 5.41%
2015 5.85% 4.41% 9.60%
2014 6.32% 4.34% 6.98%
2013 6.49% 4.17% 3.16%
2012 6.77% 4.34% 5.55%
2011 7.40% 4.48% 4.27%
2010 8.17% 5.03% 4.68%
2009 8.43% 4.78%
2008 7.86% 4.68% 6.51%
2007 7.87% 4.70% 10.30%
2006 7.70% 4.94% 6.56%

Rent as a Fraction of Income

Using median household income data for Cattaraugus County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cattaraugus County, median monthly gross rent as a fraction of median household income was 15.05% in 2017 according to the ACS.

Cattaraugus County New York 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 York 22.67% -0.10% -0.73%
Cattaraugus County NY 15.05% -0.81% -1.68%

Trends in Cattaraugus County NY Rent as a Fraction of Income

The fraction of median Cattaraugus County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.57%. Since then it has fallen by 4.52% to 15.05%.

Fraction of Income towards Rent: Cattaraugus County NY, New York, US

Percent of median household income going towards median monthly gross rent in Cattaraugus County New York

Historical Data for Annual Rent as a Fraction of Income in Cattaraugus County New York

Date US New York Cattaraugus County NY
2017 20.13% 22.67% 15.05%
2016 20.43% 22.78% 15.86%
2015 20.63% 23.13% 18.50%
2014 20.89% 23.40% 16.73%
2013 20.78% 23.20% 17.87%
2012 20.65% 22.94% 16.48%
2011 20.70% 22.98% 19.57%
2010 20.50% 22.60% 16.39%
2009 20.12% 21.60% 18.43%
2008 19.00% 20.41% 16.06%
2007 18.66% 20.34% 16.92%
2006 18.90% 20.43% 16.00%

Renter Fraction in Cattaraugus County New York

You can calculate the renter fraction in Cattaraugus 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 Cattaraugus County as a fraction of total Cattaraugus County households. In 2017 29.87% of households were renters according to Census ACS data.

Cattaraugus County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
New York 46.20% -0.52% -0.82%
Cattaraugus County NY 29.87% +2.49% +0.88%

Trends in the Cattaraugus County NY Renter Fraction

The Cattaraugus County household renter fraction peaked in in 2011 at 30.85% and is now 0.98% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cattaraugus County NY, New York, US

Fraction of renters in Cattaraugus County

History of Cattaraugus County Renter Fraction

Date US New York Cattaraugus County NY
2017 36.13% 46.20% 29.87%
2016 36.88% 46.72% 27.38%
2015 36.97% 46.93% 30.85%
2014 36.90% 47.02% 28.99%
2013 36.50% 46.35% 29.93%
2012 36.09% 46.35% 27.49%
2011 35.42% 46.41% 30.85%
2010 34.65% 45.75% 26.34%
2009 34.13% 44.97% 27.13%
2008 33.36% 44.71% 25.41%
2007 32.80% 44.48% 29.33%
2006 32.73% 44.40% 26.93%

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.