Department of Numbers

Niagara County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Niagara County NY was $690 in 2017 according to the Census ACS survey.1 Average gross rent in Niagara County was $700 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 Niagara County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Niagara 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%
Niagara County NY Median Gross Rent $690 +2.83% +5.34%

Niagara County NY Real Gross Rent Trends

Median gross rent for Niagara County peaked in real terms in 2008 at $712 and is now $22 (3.09%) lower. From a recent low of 641.0 in 2013, real median gross rent has now increased by $49 (7.64%). Average gross rent for Niagara County peaked in real terms in 2008 at $718 and is now $18 (2.51%) lower. From a recent low of 633.0 in 2014, real average gross rent has now increased by $67 (10.58%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Niagara County

Date US
Median
New York
Median
Niagara County NY
Median
Niagara County NY
Average
2017 $1,012 $1,226 $690 $700
2016 $996 $1,213 $671 $677
2015 $987 $1,207 $686 $673
2014 $956 $1,175 $655 $633
2013 $924 $1,133 $641 $671
2012 $912 $1,113 $672 $660
2011 $912 $1,108 $652 $668
2010 $927 $1,105 $678 $668
2009 $931 $1,088 $670 $675
2008 $947 $1,095 $712 $718
2007 $899 $1,033 $656 $644
2006 $909 $1,042 $679 $661

Niagara 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 Niagara County New York was 13.12% according to Census ACS data.

Rental Vacancy Rate in Niagara 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%
Niagara County NY 13.12% -0.97% -2.20%

Trends in Niagara County NY Rental Vacancy Rate

The rental vacancy rate in Niagara County peaked in 2015 at 19.25%. Since then it has fallen by 6.13% to 13.12%. Data records for this series originated in 2005.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Niagara County

Date US New York Niagara County NY
2017 6.18% 4.19% 13.12%
2016 5.89% 4.42% 14.09%
2015 5.85% 4.41% 19.25%
2014 6.32% 4.34% 15.32%
2013 6.49% 4.17% 15.14%
2012 6.77% 4.34% 7.61%
2011 7.40% 4.48% 12.46%
2010 8.17% 5.03% 15.28%
2009 8.43% 4.78% 13.78%
2008 7.86% 4.68% 11.88%
2007 7.87% 4.70% 10.48%
2006 7.70% 4.94% 12.38%

Rent as a Fraction of Income

Using median household income data for Niagara County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Niagara County, median monthly gross rent as a fraction of median household income was 15.13% in 2017 according to the ACS.

Niagara 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%
Niagara County NY 15.13% -0.67% -0.33%

Trends in Niagara County NY Rent as a Fraction of Income

The fraction of median Niagara County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 17.20%. Since then it has fallen by 2.08% to 15.13%.

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

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

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

Date US New York Niagara County NY
2017 20.13% 22.67% 15.13%
2016 20.43% 22.78% 15.79%
2015 20.63% 23.13% 16.62%
2014 20.89% 23.40% 15.45%
2013 20.78% 23.20% 16.11%
2012 20.65% 22.94% 16.12%
2011 20.70% 22.98% 16.44%
2010 20.50% 22.60% 17.08%
2009 20.12% 21.60% 17.20%
2008 19.00% 20.41% 16.32%
2007 18.66% 20.34% 15.70%
2006 18.90% 20.43% 15.48%

Renter Fraction in Niagara County New York

You can calculate the renter fraction in Niagara 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 Niagara County as a fraction of total Niagara County households. In 2017 28.53% of households were renters according to Census ACS data.

Niagara 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%
Niagara County NY 28.53% -0.68% +1.08%

Trends in the Niagara County NY Renter Fraction

The Niagara County household renter fraction peaked in in 2012 at 31.26% and is now 2.73% below that level. From a recent low of 27.45% in 2014, the household based renter fraction has now grown by 1.08%. The origin year for the series is 2005.

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

Fraction of renters in Niagara County

History of Niagara County Renter Fraction

Date US New York Niagara County NY
2017 36.13% 46.20% 28.53%
2016 36.88% 46.72% 29.21%
2015 36.97% 46.93% 30.77%
2014 36.90% 47.02% 27.45%
2013 36.50% 46.35% 29.35%
2012 36.09% 46.35% 31.26%
2011 35.42% 46.41% 30.28%
2010 34.65% 45.75% 31.11%
2009 34.13% 44.97% 31.11%
2008 33.36% 44.71% 30.31%
2007 32.80% 44.48% 28.98%
2006 32.73% 44.40% 29.34%

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.