Department of Numbers

Kingston New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Kingston, NY (the Kingston metro area) was $1,010 in 2016 according to the Census ACS survey.1 Average gross rent in Kingston was $953 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 Kingston median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Kingston New York (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
New York Median Gross Rent $1,194 +0.51% +7.09%
Kingston, NY Median Gross Rent $1,010 +0.10% +0.30%

Kingston, NY Real Gross Rent Trends

Median gross rent for Kingston peaked in real terms in 2005 at $1,048 and is now $38 (3.63%) lower. From a recent low of 984.0 in 2012, real median gross rent has now increased by $26 (2.64%). Average gross rent for Kingston peaked in real terms in 2014 at $1,048 and is now $95 (9.06%) lower.

Real Gross Rent in Kingston: Kingston NY Median, Kingston NY Average, New York Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kingston

Date US
Median
New York
Median
Kingston, NY
Median
Kingston, NY
Average
2016 $981 $1,194 $1,010 $953
2015 $972 $1,188 $1,009 $993
2014 $942 $1,157 $1,020 $1,048
2013 $910 $1,115 $1,007 $928
2012 $898 $1,096 $984 $944
2011 $898 $1,091 $1,012 $945
2010 $912 $1,089 $1,045 $986
2009 $916 $1,071 $1,023 $1,037
2008 $932 $1,078 $1,045 $1,012
2007 $885 $1,018 $1,017 $940
2006 $895 $1,026 $1,021 $1,005
2005 $869 $1,004 $1,048 $998

Kingston Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Kingston New York was 8.72% according to Census ACS data.

Rental Vacancy Rate in Kingston New York

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
New York 4.42% +0.01% +0.25%
Kingston, NY 8.72% +6.19% +1.39%

Trends in Kingston, NY Rental Vacancy Rate

At 8.72%, Kingston residential rental vacancy rate in 2016 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Kingston NY, New York, US

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Kingston

Date US New York Kingston, NY
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%
2008 7.86% 4.68%
2007 7.87% 4.70% 7.56%
2006 7.70% 4.94% 2.86%
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 19.30% in 2016 according to the ACS.

Kingston New York Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
New York 22.78% -0.36% -0.42%
Kingston, NY 19.30% -0.70% -1.26%

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 3.60% to 19.30%.

Fraction of Income towards Rent: Kingston NY, New York, US

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

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

Date US New York Kingston, NY
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%
2008 19.00% 20.41% 20.21%
2007 18.66% 20.34% 19.05%
2006 18.90% 20.43% 19.82%
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 2016 32.00% of households were renters according to Census ACS data.

Kingston Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
New York 46.72% -0.21% +0.37%
Kingston, NY 32.00% +0.47% +2.53%

Trends in the Kingston, NY Renter Fraction

The Kingston household renter fraction peaked in in 2008 at 34.38% and is now 2.38% below that level. From a recent low of 29.47% in 2013, the household based renter fraction has now grown by 2.53%. The origin year for the series is 2005.

Fraction of Renting Households: Kingston NY, New York, US

Fraction of renters in Kingston

History of Kingston Renter Fraction

Date US New York Kingston, NY
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%
2008 33.36% 44.71% 34.38%
2007 32.80% 44.48% 30.31%
2006 32.73% 44.40% 32.89%
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.