Onondaga County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Onondaga County NY was $863 in 2019 according to the Census ACS survey.1 Average gross rent in Onondaga County was $877 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 Onondaga County median and average rent data will be released in September of 2021.
Data is also available below for Onondaga County rental vacancy rates, Onondaga County rent as a percent of median income and the fraction of renters in Onondaga County.
Real Gross Rent in Onondaga 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% |
| Onondaga County NY Median Gross Rent | $863 | 0.00% | +2.13% |
Onondaga County NY Real Gross Rent Trends
Median gross rent for Onondaga County peaked in real terms in 2015 at $885 and is now $22 (2.49%) lower. Average gross rent for Onondaga County peaked in real terms in 2015 at $903 and is now $26 (2.88%) lower.
Real Gross Rent: Onondaga County NY Median, Onondaga County NY Average, New York Median, US Median
Real Gross Rent History for Onondaga County
| Date | US Median |
New York Median |
Onondaga County NY Median |
Onondaga County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $863 | $877 |
| 2018 | $1,077 | $1,297 | $863 | $874 |
| 2017 | $1,043 | $1,264 | $863 | $875 |
| 2016 | $1,027 | $1,250 | $845 | $852 |
| 2015 | $1,017 | $1,244 | $885 | $903 |
| 2014 | $986 | $1,212 | $817 | $837 |
| 2013 | $953 | $1,168 | $789 | $807 |
| 2012 | $940 | $1,148 | $786 | $780 |
| 2011 | $941 | $1,143 | $819 | $807 |
| 2010 | $955 | $1,140 | $791 | $841 |
| 2009 | $960 | $1,121 | $798 | $809 |
| 2007 | $927 | $1,066 | $792 | $786 |
| 2005 | $910 | $1,051 | $785 | $779 |
Onondaga 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 Onondaga County New York was 10.31% according to Census ACS data.
Rental Vacancy Rate in Onondaga 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% |
| Onondaga County NY | 10.31% | -2.56% | +3.58% |
Trends in Onondaga County NY Rental Vacancy Rate
The rental vacancy rate in Onondaga County peaked in 2018 at 12.87%. Since then it has fallen by 2.56% to 10.31%. Data records for this series originated in 2005.
Rental Vacancy Rate: Onondaga County NY, New York, US
Historical Rental Vacancy Rate data for Onondaga County
| Date | US | New York | Onondaga County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 10.31% |
| 2018 | 6.15% | 4.20% | 12.87% |
| 2017 | 6.18% | 4.19% | 8.08% |
| 2016 | 5.89% | 4.42% | 6.73% |
| 2015 | 5.85% | 4.41% | 5.73% |
| 2014 | 6.32% | 4.34% | 6.22% |
| 2013 | 6.49% | 4.17% | 5.58% |
| 2012 | 6.77% | 4.34% | 4.94% |
| 2011 | 7.40% | 4.48% | 7.44% |
| 2010 | 8.17% | 5.03% | 7.26% |
| 2009 | 8.43% | 4.78% | 5.65% |
| 2007 | 7.87% | 4.70% | 10.57% |
| 2005 | 7.74% | 4.80% | 9.98% |
Rent as a Fraction of Income
Using median household income data for Onondaga County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Onondaga County, median monthly gross rent as a fraction of median household income was 16.82% in 2019 according to the ACS.
Onondaga 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% |
| Onondaga County NY | 16.82% | -0.18% | -0.17% |
Trends in Onondaga County NY Rent as a Fraction of Income
The fraction of median Onondaga County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.54%. Since then it has fallen by 0.72% to 16.82%.
Fraction of Income towards Rent: Onondaga County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Onondaga County New York
| Date | US | New York | Onondaga County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 16.82% |
| 2018 | 20.50% | 22.53% | 16.99% |
| 2017 | 20.13% | 22.67% | 17.42% |
| 2016 | 20.43% | 22.78% | 16.99% |
| 2015 | 20.63% | 23.13% | 17.45% |
| 2014 | 20.89% | 23.40% | 17.54% |
| 2013 | 20.78% | 23.20% | 17.25% |
| 2012 | 20.65% | 22.94% | 16.88% |
| 2011 | 20.70% | 22.98% | 16.86% |
| 2010 | 20.50% | 22.60% | 16.85% |
| 2009 | 20.12% | 21.60% | 16.79% |
| 2007 | 18.66% | 20.34% | 16.57% |
| 2005 | 18.89% | 20.40% | 16.66% |
Renter Fraction in Onondaga County New York
You can calculate the renter fraction in Onondaga 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 Onondaga County as a fraction of total Onondaga County households. In 2019 35.33% of households were renters according to Census ACS data.
Onondaga 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% |
| Onondaga County NY | 35.33% | +0.51% | -0.09% |
Trends in the Onondaga County NY Renter Fraction
The Onondaga County household renter fraction peaked in in 2017 at 36.01% and is now 0.68% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Onondaga County NY, New York, US
History of Onondaga County Renter Fraction
| Date | US | New York | Onondaga County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 35.33% |
| 2018 | 36.05% | 46.33% | 34.82% |
| 2017 | 36.13% | 46.20% | 36.01% |
| 2016 | 36.88% | 46.72% | 35.42% |
| 2015 | 36.97% | 46.93% | 35.64% |
| 2014 | 36.90% | 47.02% | 34.73% |
| 2013 | 36.50% | 46.35% | 35.06% |
| 2012 | 36.09% | 46.35% | 35.31% |
| 2011 | 35.42% | 46.41% | 33.25% |
| 2010 | 34.65% | 45.75% | 35.88% |
| 2009 | 34.13% | 44.97% | 34.22% |
| 2007 | 32.80% | 44.48% | 34.32% |
| 2005 | 33.10% | 44.67% | 35.37% |
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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