Oneida County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Oneida County NY was $745 in 2019 according to the Census ACS survey.1 Average gross rent in Oneida County was $768 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 Oneida County median and average rent data will be released in September of 2021.
Data is also available below for Oneida County rental vacancy rates, Oneida County rent as a percent of median income and the fraction of renters in Oneida County.
Real Gross Rent in Oneida 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% |
| Oneida County NY Median Gross Rent | $745 | -3.50% | +0.54% |
Oneida County NY Real Gross Rent Trends
Median gross rent for Oneida County peaked in real terms in 2015 at $778 and is now $33 (4.24%) lower. Average gross rent for Oneida County peaked in real terms in 2018 at $774 and is now $6 (0.78%) lower.
Real Gross Rent: Oneida County NY Median, Oneida County NY Average, New York Median, US Median
Real Gross Rent History for Oneida County
| Date | US Median |
New York Median |
Oneida County NY Median |
Oneida County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $745 | $768 |
| 2018 | $1,077 | $1,297 | $772 | $774 |
| 2017 | $1,043 | $1,264 | $749 | $749 |
| 2016 | $1,027 | $1,250 | $741 | $738 |
| 2015 | $1,017 | $1,244 | $778 | $767 |
| 2014 | $986 | $1,212 | $756 | $752 |
| 2013 | $953 | $1,168 | $728 | $717 |
| 2012 | $940 | $1,148 | $712 | $701 |
| 2011 | $941 | $1,143 | $723 | $718 |
| 2010 | $955 | $1,140 | $743 | $745 |
| 2009 | $960 | $1,121 | $696 | $707 |
| 2007 | $927 | $1,066 | $698 | $685 |
| 2005 | $910 | $1,051 | $691 | $643 |
Oneida 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 Oneida County New York was 7.10% according to Census ACS data.
Rental Vacancy Rate in Oneida 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% |
| Oneida County NY | 7.10% | +0.60% | +1.26% |
Trends in Oneida County NY Rental Vacancy Rate
The rental vacancy rate in Oneida County peaked in 2017 at 8.38%. Since then it has fallen by 1.28% to 7.10%. Data records for this series originated in 2005.
Rental Vacancy Rate: Oneida County NY, New York, US
Historical Rental Vacancy Rate data for Oneida County
| Date | US | New York | Oneida County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 7.10% |
| 2018 | 6.15% | 4.20% | 6.50% |
| 2017 | 6.18% | 4.19% | 8.38% |
| 2016 | 5.89% | 4.42% | 5.84% |
| 2015 | 5.85% | 4.41% | 6.67% |
| 2014 | 6.32% | 4.34% | 3.55% |
| 2013 | 6.49% | 4.17% | 5.74% |
| 2012 | 6.77% | 4.34% | 7.36% |
| 2011 | 7.40% | 4.48% | 6.20% |
| 2010 | 8.17% | 5.03% | 6.08% |
| 2009 | 8.43% | 4.78% | 4.16% |
| 2007 | 7.87% | 4.70% | 8.34% |
| 2005 | 7.74% | 4.80% | 5.48% |
Rent as a Fraction of Income
Using median household income data for Oneida County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oneida County, median monthly gross rent as a fraction of median household income was 15.58% in 2019 according to the ACS.
Oneida 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% |
| Oneida County NY | 15.58% | -1.08% | -0.45% |
Trends in Oneida County NY Rent as a Fraction of Income
The fraction of median Oneida County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.97%. Since then it has fallen by 3.40% to 15.58%.
Fraction of Income towards Rent: Oneida County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Oneida County New York
| Date | US | New York | Oneida County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 15.58% |
| 2018 | 20.50% | 22.53% | 16.66% |
| 2017 | 20.13% | 22.67% | 16.16% |
| 2016 | 20.43% | 22.78% | 16.03% |
| 2015 | 20.63% | 23.13% | 18.32% |
| 2014 | 20.89% | 23.40% | 17.61% |
| 2013 | 20.78% | 23.20% | 18.97% |
| 2012 | 20.65% | 22.94% | 17.18% |
| 2011 | 20.70% | 22.98% | 17.18% |
| 2010 | 20.50% | 22.60% | 16.88% |
| 2009 | 20.12% | 21.60% | 15.73% |
| 2007 | 18.66% | 20.34% | 15.97% |
| 2005 | 18.89% | 20.40% | 17.62% |
Renter Fraction in Oneida County New York
You can calculate the renter fraction in Oneida 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 Oneida County as a fraction of total Oneida County households. In 2019 31.46% of households were renters according to Census ACS data.
Oneida 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% |
| Oneida County NY | 31.46% | -2.22% | +1.08% |
Trends in the Oneida County NY Renter Fraction
The Oneida County household renter fraction peaked in in 2015 at 36.09% and is now 4.63% below that level. From a recent low of 30.38% in 2016, the household based renter fraction has now grown by 1.08%. The origin year for the series is 2005.
Fraction of Renting Households: Oneida County NY, New York, US
History of Oneida County Renter Fraction
| Date | US | New York | Oneida County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 31.46% |
| 2018 | 36.05% | 46.33% | 33.68% |
| 2017 | 36.13% | 46.20% | 33.19% |
| 2016 | 36.88% | 46.72% | 30.38% |
| 2015 | 36.97% | 46.93% | 36.09% |
| 2014 | 36.90% | 47.02% | 34.84% |
| 2013 | 36.50% | 46.35% | 35.49% |
| 2012 | 36.09% | 46.35% | 33.22% |
| 2011 | 35.42% | 46.41% | 34.62% |
| 2010 | 34.65% | 45.75% | 30.85% |
| 2009 | 34.13% | 44.97% | 31.64% |
| 2007 | 32.80% | 44.48% | 33.66% |
| 2005 | 33.10% | 44.67% | 33.05% |
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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