Department of Numbers

Ontario County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Ontario County NY was $819 in 2017 according to the Census ACS survey.1 Average gross rent in Ontario County was $830 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 Ontario County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ontario 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%
Ontario County NY Median Gross Rent $819 -2.96% +2.12%

Ontario County NY Real Gross Rent Trends

Median gross rent for Ontario County peaked in real terms in 2015 at $868 and is now $49 (5.65%) lower. Average gross rent for Ontario County peaked in real terms in 2015 at $930 and is now $100 (10.75%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ontario County

Date US
Median
New York
Median
Ontario County NY
Median
Ontario County NY
Average
2017 $1,012 $1,226 $819 $830
2016 $996 $1,213 $844 $844
2015 $987 $1,207 $868 $930
2014 $956 $1,175 $802 $813
2013 $924 $1,133 $803 $880
2012 $912 $1,113 $813 $854
2011 $912 $1,108 $772 $801
2010 $927 $1,105 $747 $760
2009 $931 $1,088 $799 $835
2008 $947 $1,095 $816 $783
2007 $899 $1,033 $754 $733
2006 $909 $1,042 $821 $862

Ontario County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Ontario County New York was 8.08% according to Census ACS data.

Rental Vacancy Rate in Ontario 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%
Ontario County NY

Trends in Ontario County NY Rental Vacancy Rate

The rental vacancy rate in Ontario County peaked in 2010 at 9.37%. Since then it has fallen by 1.29% to 8.08%. Data records for this series originated in 2005. From a 2012 post peak low of 2.50%, the rental vacancy rate has increased by 5.58%.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Ontario County

Date US New York Ontario County NY
2017 6.18% 4.19%
2016 5.89% 4.42% 8.08%
2015 5.85% 4.41% 8.20%
2014 6.32% 4.34% 4.21%
2013 6.49% 4.17%
2012 6.77% 4.34% 2.50%
2011 7.40% 4.48%
2010 8.17% 5.03% 9.37%
2009 8.43% 4.78% 9.15%
2008 7.86% 4.68%
2007 7.87% 4.70% 4.99%
2006 7.70% 4.94% 4.96%

Rent as a Fraction of Income

Using median household income data for Ontario County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ontario County, median monthly gross rent as a fraction of median household income was 14.89% in 2017 according to the ACS.

Ontario 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%
Ontario County NY 14.89% -2.47% -1.01%

Trends in Ontario County NY Rent as a Fraction of Income

The fraction of median Ontario County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.07%. Since then it has fallen by 3.18% to 14.89%.

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

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

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

Date US New York Ontario County NY
2017 20.13% 22.67% 14.89%
2016 20.43% 22.78% 17.36%
2015 20.63% 23.13% 17.55%
2014 20.89% 23.40% 15.90%
2013 20.78% 23.20% 16.22%
2012 20.65% 22.94% 18.07%
2011 20.70% 22.98% 16.95%
2010 20.50% 22.60% 15.43%
2009 20.12% 21.60% 16.41%
2008 19.00% 20.41% 15.20%
2007 18.66% 20.34% 14.57%
2006 18.90% 20.43% 16.14%

Renter Fraction in Ontario County New York

You can calculate the renter fraction in Ontario 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 Ontario County as a fraction of total Ontario County households. In 2017 25.98% of households were renters according to Census ACS data.

Ontario 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%
Ontario County NY 25.98% -2.06% -1.67%

Trends in the Ontario County NY Renter Fraction

The Ontario County household renter fraction peaked in in 2012 at 30.11% and is now 4.13% below that level. The origin year for the series is 2005.

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

Fraction of renters in Ontario County

History of Ontario County Renter Fraction

Date US New York Ontario County NY
2017 36.13% 46.20% 25.98%
2016 36.88% 46.72% 28.04%
2015 36.97% 46.93% 26.37%
2014 36.90% 47.02% 27.65%
2013 36.50% 46.35% 27.71%
2012 36.09% 46.35% 30.11%
2011 35.42% 46.41% 26.27%
2010 34.65% 45.75% 23.80%
2009 34.13% 44.97% 24.44%
2008 33.36% 44.71% 25.55%
2007 32.80% 44.48% 24.66%
2006 32.73% 44.40% 25.42%

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.