Department of Numbers

Onondaga County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Onondaga County NY was $837 in 2017 according to the Census ACS survey.1 Average gross rent in Onondaga County was $849 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 Onondaga County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Onondaga 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%
Onondaga County NY Median Gross Rent $837 +2.07% +5.55%

Onondaga County NY Real Gross Rent Trends

Median gross rent for Onondaga County peaked in real terms in 2015 at $858 and is now $21 (2.45%) lower. Average gross rent for Onondaga County peaked in real terms in 2015 at $876 and is now $27 (3.08%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Onondaga County

Date US
Median
New York
Median
Onondaga County NY
Median
Onondaga County NY
Average
2017 $1,012 $1,226 $837 $849
2016 $996 $1,213 $820 $827
2015 $987 $1,207 $858 $876
2014 $956 $1,175 $793 $812
2013 $924 $1,133 $765 $782
2012 $912 $1,113 $762 $756
2011 $912 $1,108 $794 $782
2010 $927 $1,105 $767 $816
2009 $931 $1,088 $774 $785
2008 $947 $1,095 $797 $803
2007 $899 $1,033 $768 $762
2006 $909 $1,042 $788 $763

Onondaga 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 Onondaga County New York was 8.08% according to Census ACS data.

Rental Vacancy Rate in Onondaga 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%
Onondaga County NY 8.08% +1.35% +1.86%

Trends in Onondaga County NY Rental Vacancy Rate

The rental vacancy rate in Onondaga County peaked in 2007 at 10.57%. Since then it has fallen by 2.49% to 8.08%. Data records for this series originated in 2005. From a 2012 post peak low of 4.94%, the rental vacancy rate has increased by 3.14%.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Onondaga County

Date US New York Onondaga County NY
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%
2008 7.86% 4.68% 9.23%
2007 7.87% 4.70% 10.57%
2006 7.70% 4.94% 9.78%

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 17.42% in 2017 according to the ACS.

Onondaga 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%
Onondaga County NY 17.42% +0.43% -0.12%

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 0.12% to 17.42%.

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

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

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

Date US New York Onondaga County NY
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%
2008 19.00% 20.41% 16.45%
2007 18.66% 20.34% 16.57%
2006 18.90% 20.43% 17.25%

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 2017 36.01% of households were renters according to Census ACS data.

Onondaga 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%
Onondaga County NY 36.01% +0.59% +1.28%

Trends in the Onondaga County NY Renter Fraction

At 36.01%, the 2017 household based renter fraction in Onondaga County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Onondaga County

History of Onondaga County Renter Fraction

Date US New York Onondaga County NY
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%
2008 33.36% 44.71% 33.88%
2007 32.80% 44.48% 34.32%
2006 32.73% 44.40% 33.54%

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.