Kingston New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Kingston, NY (the Kingston metro area) was $1,135 in 2019 according to the Census ACS survey.1 Average gross rent in Kingston was $1,145 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 Kingston median and average rent data will be released in September of 2021.
Data is also available below for Kingston rental vacancy rates, Kingston rent as a percent of median income and the fraction of renters in Kingston.
Real Gross Rent in Kingston 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% |
| Kingston, NY Median Gross Rent | $1,135 | -4.14% | +7.28% |
Kingston, NY Real Gross Rent Trends
Median gross rent for Kingston peaked in real terms in 2018 at $1,184 and is now $49 (4.14%) lower. Average gross rent for Kingston peaked in real terms in 2018 at $1,146 and is now $1 (0.09%) lower.
Real Gross Rent in Kingston: Kingston NY Median, Kingston NY Average, New York Median, US Median
Real Gross Rent History for Kingston
| Date | US Median |
New York Median |
Kingston, NY Median |
Kingston, NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,135 | $1,145 |
| 2018 | $1,077 | $1,297 | $1,184 | $1,146 |
| 2017 | $1,043 | $1,264 | $1,110 | $1,071 |
| 2016 | $1,027 | $1,250 | $1,058 | $998 |
| 2015 | $1,017 | $1,244 | $1,057 | $1,040 |
| 2014 | $986 | $1,212 | $1,068 | $1,097 |
| 2013 | $953 | $1,168 | $1,054 | $972 |
| 2012 | $940 | $1,148 | $1,031 | $988 |
| 2011 | $941 | $1,143 | $1,060 | $989 |
| 2010 | $955 | $1,140 | $1,094 | $1,033 |
| 2009 | $960 | $1,121 | $1,071 | $1,086 |
| 2007 | $927 | $1,066 | $1,064 | $985 |
| 2005 | $910 | $1,051 | $1,098 | $1,045 |
Kingston 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 Kingston New York was 0.39% according to Census ACS data.
Rental Vacancy Rate in Kingston New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Kingston, NY | 0.39% | -5.16% | -8.33% |
Trends in Kingston, NY Rental Vacancy Rate
The rental vacancy rate in Kingston peaked in 2016 at 8.72%. Since then it has fallen by 8.33% to 0.39%. Data records for this series originated in 2005.
Rental Vacancy Rate: Kingston NY, New York, US
Historical Rental Vacancy Rate data for Kingston
| Date | US | New York | Kingston, NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 0.39% |
| 2018 | 6.15% | 4.20% | 5.55% |
| 2017 | 6.18% | 4.19% | 3.76% |
| 2016 | 5.89% | 4.42% | 8.72% |
| 2015 | 5.85% | 4.41% | 2.53% |
| 2014 | 6.32% | 4.34% | 7.01% |
| 2013 | 6.49% | 4.17% | 7.33% |
| 2012 | 6.77% | 4.34% | 8.05% |
| 2011 | 7.40% | 4.48% | 5.77% |
| 2010 | 8.17% | 5.03% | 7.28% |
| 2009 | 8.43% | 4.78% | 5.94% |
| 2007 | 7.87% | 4.70% | 7.56% |
| 2005 | 7.74% | 4.80% | 3.35% |
Rent as a Fraction of Income
Using median household income data for Kingston, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kingston, median monthly gross rent as a fraction of median household income was 21.25% in 2019 according to the ACS.
Kingston 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% |
| Kingston, NY | 21.25% | -0.59% | +1.95% |
Trends in Kingston, NY Rent as a Fraction of Income
The fraction of median Kingston household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.90%. Since then it has fallen by 1.65% to 21.25%.
Fraction of Income towards Rent: Kingston NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Kingston New York
| Date | US | New York | Kingston, NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 21.25% |
| 2018 | 20.50% | 22.53% | 21.84% |
| 2017 | 20.13% | 22.67% | 20.31% |
| 2016 | 20.43% | 22.78% | 19.30% |
| 2015 | 20.63% | 23.13% | 20.00% |
| 2014 | 20.89% | 23.40% | 20.90% |
| 2013 | 20.78% | 23.20% | 20.56% |
| 2012 | 20.65% | 22.94% | 20.20% |
| 2011 | 20.70% | 22.98% | 21.40% |
| 2010 | 20.50% | 22.60% | 22.90% |
| 2009 | 20.12% | 21.60% | 19.97% |
| 2007 | 18.66% | 20.34% | 19.05% |
| 2005 | 18.89% | 20.40% | 20.73% |
Renter Fraction in Kingston New York
You can calculate the renter fraction in Kingston 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 Kingston as a fraction of total Kingston households. In 2019 32.62% of households were renters according to Census ACS data.
Kingston 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% |
| Kingston, NY | 32.62% | -0.15% | +0.62% |
Trends in the Kingston, NY Renter Fraction
The Kingston household renter fraction peaked in in 2008 at 34.38% and is now 1.76% below that level. From a recent low of 29.47% in 2013, the household based renter fraction has now grown by 3.15%. The origin year for the series is 2005.
Fraction of Renting Households: Kingston NY, New York, US
History of Kingston Renter Fraction
| Date | US | New York | Kingston, NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 32.62% |
| 2018 | 36.05% | 46.33% | 32.77% |
| 2017 | 36.13% | 46.20% | 29.94% |
| 2016 | 36.88% | 46.72% | 32.00% |
| 2015 | 36.97% | 46.93% | 31.53% |
| 2014 | 36.90% | 47.02% | 31.16% |
| 2013 | 36.50% | 46.35% | 29.47% |
| 2012 | 36.09% | 46.35% | 30.44% |
| 2011 | 35.42% | 46.41% | 34.30% |
| 2010 | 34.65% | 45.75% | 30.64% |
| 2009 | 34.13% | 44.97% | 29.76% |
| 2007 | 32.80% | 44.48% | 30.31% |
| 2005 | 33.10% | 44.67% | 33.80% |
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. ↩
