Chemung County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Chemung County NY was $757 in 2019 according to the Census ACS survey.1 Average gross rent in Chemung County was $781 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 Chemung County median and average rent data will be released in September of 2021.
Data is also available below for Chemung County rental vacancy rates, Chemung County rent as a percent of median income and the fraction of renters in Chemung County.
Real Gross Rent in Chemung County New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Chemung County NY Median Gross Rent | $757 | -6.31% | -7.34% |
Chemung County NY Real Gross Rent Trends
Median gross rent for Chemung County peaked in real terms in 2017 at $845 and is now $88 (10.41%) lower. Average gross rent for Chemung County peaked in real terms in 2017 at $848 and is now $67 (7.90%) lower.
Real Gross Rent: Chemung County NY Median, Chemung County NY Average, New York Median, US Median
Real Gross Rent History for Chemung County
| Date | US Median |
New York Median |
Chemung County NY Median |
Chemung County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $757 | $781 |
| 2018 | $1,077 | $1,297 | $808 | $821 |
| 2017 | $1,043 | $1,264 | $845 | $848 |
| 2016 | $1,027 | $1,250 | $817 | $805 |
| 2015 | $1,017 | $1,244 | $796 | $805 |
| 2014 | $986 | $1,212 | $821 | $818 |
| 2013 | $953 | $1,168 | $713 | $758 |
| 2012 | $940 | $1,148 | $688 | $719 |
| 2011 | $941 | $1,143 | $741 | $737 |
| 2010 | $955 | $1,140 | $697 | $681 |
| 2009 | $960 | $1,121 | $743 | $759 |
| 2007 | $927 | $1,066 | $685 | $711 |
| 2005 | $910 | $1,051 | $708 | $681 |
Chemung 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 Chemung County New York was 12.92% according to Census ACS data.
Rental Vacancy Rate in Chemung County New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Chemung County NY | 12.92% | — | — |
Trends in Chemung County NY Rental Vacancy Rate
At 12.92%, Chemung County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Chemung County NY, New York, US
Historical Rental Vacancy Rate data for Chemung County
| Date | US | New York | Chemung County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 12.92% |
| 2018 | 6.15% | 4.20% | — |
| 2017 | 6.18% | 4.19% | 12.86% |
| 2016 | 5.89% | 4.42% | — |
| 2015 | 5.85% | 4.41% | 2.93% |
| 2014 | 6.32% | 4.34% | 9.33% |
| 2013 | 6.49% | 4.17% | 4.61% |
| 2012 | 6.77% | 4.34% | — |
| 2011 | 7.40% | 4.48% | — |
| 2010 | 8.17% | 5.03% | — |
| 2009 | 8.43% | 4.78% | — |
| 2007 | 7.87% | 4.70% | 7.57% |
| 2005 | 7.74% | 4.80% | — |
Rent as a Fraction of Income
Using median household income data for Chemung County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Chemung County, median monthly gross rent as a fraction of median household income was 14.95% in 2019 according to the ACS.
Chemung County New York Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New York | 21.78% | -0.75% | -0.99% |
| Chemung County NY | 14.95% | -3.03% | -3.31% |
Trends in Chemung County NY Rent as a Fraction of Income
The fraction of median Chemung County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.22%. Since then it has fallen by 4.28% to 14.95%.
Fraction of Income towards Rent: Chemung County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Chemung County New York
| Date | US | New York | Chemung County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 14.95% |
| 2018 | 20.50% | 22.53% | 17.98% |
| 2017 | 20.13% | 22.67% | 19.22% |
| 2016 | 20.43% | 22.78% | 18.26% |
| 2015 | 20.63% | 23.13% | 16.94% |
| 2014 | 20.89% | 23.40% | 18.59% |
| 2013 | 20.78% | 23.20% | 17.96% |
| 2012 | 20.65% | 22.94% | 16.89% |
| 2011 | 20.70% | 22.98% | 16.42% |
| 2010 | 20.50% | 22.60% | 15.72% |
| 2009 | 20.12% | 21.60% | 17.89% |
| 2007 | 18.66% | 20.34% | 17.56% |
| 2005 | 18.89% | 20.40% | 18.15% |
Renter Fraction in Chemung County New York
You can calculate the renter fraction in Chemung 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 Chemung County as a fraction of total Chemung County households. In 2019 28.12% of households were renters according to Census ACS data.
Chemung County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Chemung County NY | 28.12% | -5.38% | -7.17% |
Trends in the Chemung County NY Renter Fraction
The Chemung County household renter fraction peaked in in 2016 at 35.29% and is now 7.17% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Chemung County NY, New York, US
History of Chemung County Renter Fraction
| Date | US | New York | Chemung County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 28.12% |
| 2018 | 36.05% | 46.33% | 33.50% |
| 2017 | 36.13% | 46.20% | 33.02% |
| 2016 | 36.88% | 46.72% | 35.29% |
| 2015 | 36.97% | 46.93% | 28.92% |
| 2014 | 36.90% | 47.02% | 31.40% |
| 2013 | 36.50% | 46.35% | 32.59% |
| 2012 | 36.09% | 46.35% | 29.82% |
| 2011 | 35.42% | 46.41% | 34.26% |
| 2010 | 34.65% | 45.75% | 32.89% |
| 2009 | 34.13% | 44.97% | 33.66% |
| 2007 | 32.80% | 44.48% | 32.37% |
| 2005 | 33.10% | 44.67% | 32.24% |
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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