Department of Numbers

Nassau County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Nassau County NY was $1,790 in 2019 according to the Census ACS survey.1 Average gross rent in Nassau County was $1,783 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 Nassau County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Nassau 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%
Nassau County NY Median Gross Rent $1,790 -2.66% +4.62%

Nassau County NY Real Gross Rent Trends

Median gross rent for Nassau County peaked in real terms in 2018 at $1,839 and is now $49 (2.66%) lower. Average gross rent for Nassau County peaked in real terms in 2018 at $1,792 and is now $9 (0.50%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Nassau County

Date US
Median
New York
Median
Nassau County NY
Median
Nassau County NY
Average
2019 $1,097 $1,309 $1,790 $1,783
2018 $1,077 $1,297 $1,839 $1,792
2017 $1,043 $1,264 $1,751 $1,673
2016 $1,027 $1,250 $1,711 $1,659
2015 $1,017 $1,244 $1,757 $1,688
2014 $986 $1,212 $1,767 $1,690
2013 $953 $1,168 $1,573 $1,580
2012 $940 $1,148 $1,555 $1,541
2011 $941 $1,143 $1,563 $1,548
2010 $955 $1,140 $1,597 $1,566
2009 $960 $1,121 $1,607 $1,565

more history ...

Nassau 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 Nassau County New York was 5.34% according to Census ACS data.

Rental Vacancy Rate in Nassau 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%
Nassau County NY 5.34% +0.84% +0.64%

Trends in Nassau County NY Rental Vacancy Rate

The rental vacancy rate in Nassau County peaked in 2006 at 6.58%. Since then it has fallen by 1.24% to 5.34%. Data records for this series originated in 2005. From a 2015 post peak low of 3.90%, the rental vacancy rate has increased by 1.44%.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Nassau County

Date US New York Nassau County NY
2019 5.97% 4.00% 5.34%
2018 6.15% 4.20% 4.50%
2017 6.18% 4.19% 4.56%
2016 5.89% 4.42% 4.70%
2015 5.85% 4.41% 3.90%
2014 6.32% 4.34% 5.41%
2013 6.49% 4.17% 3.96%
2012 6.77% 4.34% 5.00%
2011 7.40% 4.48% 3.92%
2010 8.17% 5.03% 4.37%
2009 8.43% 4.78% 5.24%

more history ...

Rent as a Fraction of Income

Using median household income data for Nassau County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nassau County, median monthly gross rent as a fraction of median household income was 18.13% in 2019 according to the ACS.

Nassau 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%
Nassau County NY 18.13% -0.50% -0.39%

Trends in Nassau County NY Rent as a Fraction of Income

The fraction of median Nassau County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.28%. Since then it has fallen by 2.15% to 18.13%.

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

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

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

Date US New York Nassau County NY
2019 20.03% 21.78% 18.13%
2018 20.50% 22.53% 18.63%
2017 20.13% 22.67% 18.84%
2016 20.43% 22.78% 18.52%
2015 20.63% 23.13% 19.51%
2014 20.89% 23.40% 20.28%
2013 20.78% 23.20% 18.64%
2012 20.65% 22.94% 18.82%
2011 20.70% 22.98% 18.99%
2010 20.50% 22.60% 18.82%
2009 20.12% 21.60% 18.24%

more history ...

Renter Fraction in Nassau County New York

You can calculate the renter fraction in Nassau 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 Nassau County as a fraction of total Nassau County households. In 2019 19.42% of households were renters according to Census ACS data.

Nassau 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%
Nassau County NY 19.42% -0.82% -0.12%

Trends in the Nassau County NY Renter Fraction

The Nassau County household renter fraction peaked in in 2013 at 21.35% and is now 1.93% below that level. The origin year for the series is 2005.

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

Fraction of renters in Nassau County

History of Nassau County Renter Fraction

Date US New York Nassau County NY
2019 35.89% 46.48% 19.42%
2018 36.05% 46.33% 20.24%
2017 36.13% 46.20% 19.93%
2016 36.88% 46.72% 19.54%
2015 36.97% 46.93% 19.88%
2014 36.90% 47.02% 19.51%
2013 36.50% 46.35% 21.35%
2012 36.09% 46.35% 19.72%
2011 35.42% 46.41% 20.18%
2010 34.65% 45.75% 19.78%
2009 34.13% 44.97% 17.81%

more history ...

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.