Department of Numbers

Orange County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Orange County NY was $1,243 in 2017 according to the Census ACS survey.1 Average gross rent in Orange County was $1,220 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 Orange County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Orange 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%
Orange County NY Median Gross Rent $1,243 +5.61% +4.72%

Orange County NY Real Gross Rent Trends

At $1,243, real median gross rent in Orange County was at its highest level in 2017 since the series began in 2005. Average gross rent for Orange County peaked in real terms in 2015 at $1,235 and is now $15 (1.21%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Orange County

Date US
Median
New York
Median
Orange County NY
Median
Orange County NY
Average
2017 $1,012 $1,226 $1,243 $1,220
2016 $996 $1,213 $1,177 $1,183
2015 $987 $1,207 $1,210 $1,235
2014 $956 $1,175 $1,187 $1,183
2013 $924 $1,133 $1,163 $1,188
2012 $912 $1,113 $1,138 $1,170
2011 $912 $1,108 $1,181 $1,162
2010 $927 $1,105 $1,167 $1,195
2009 $931 $1,088 $1,148 $1,144
2008 $947 $1,095 $1,172 $1,187
2007 $899 $1,033 $1,120 $1,048
2006 $909 $1,042 $1,100 $1,108

Orange 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 Orange County New York was 4.23% according to Census ACS data.

Rental Vacancy Rate in Orange 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%
Orange County NY 4.23% +0.63% -2.68%

Trends in Orange County NY Rental Vacancy Rate

The rental vacancy rate in Orange County peaked in 2014 at 6.91%. Since then it has fallen by 2.68% to 4.23%. Data records for this series originated in 2005.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Orange County

Date US New York Orange County NY
2017 6.18% 4.19% 4.23%
2016 5.89% 4.42% 3.60%
2015 5.85% 4.41% 5.56%
2014 6.32% 4.34% 6.91%
2013 6.49% 4.17% 3.56%
2012 6.77% 4.34% 4.15%
2011 7.40% 4.48% 4.39%
2010 8.17% 5.03% 4.63%
2009 8.43% 4.78% 4.61%
2008 7.86% 4.68% 4.78%
2007 7.87% 4.70% 4.11%
2006 7.70% 4.94% 3.59%

Rent as a Fraction of Income

Using median household income data for Orange County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Orange County, median monthly gross rent as a fraction of median household income was 18.81% in 2017 according to the ACS.

Orange 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%
Orange County NY 18.81% -0.24% -0.99%

Trends in Orange County NY Rent as a Fraction of Income

The fraction of median Orange County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.42%. Since then it has fallen by 1.61% to 18.81%.

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

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

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

Date US New York Orange County NY
2017 20.13% 22.67% 18.81%
2016 20.43% 22.78% 19.05%
2015 20.63% 23.13% 19.32%
2014 20.89% 23.40% 19.80%
2013 20.78% 23.20% 19.82%
2012 20.65% 22.94% 19.92%
2011 20.70% 22.98% 20.42%
2010 20.50% 22.60% 19.61%
2009 20.12% 21.60% 18.10%
2008 19.00% 20.41% 17.08%
2007 18.66% 20.34% 17.93%
2006 18.90% 20.43% 17.07%

Renter Fraction in Orange County New York

You can calculate the renter fraction in Orange 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 Orange County as a fraction of total Orange County households. In 2017 30.11% of households were renters according to Census ACS data.

Orange 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%
Orange County NY 30.11% -6.63% +0.76%

Trends in the Orange County NY Renter Fraction

The Orange County household renter fraction peaked in in 2016 at 36.74% and is now 6.63% below that level. The origin year for the series is 2005.

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

Fraction of renters in Orange County

History of Orange County Renter Fraction

Date US New York Orange County NY
2017 36.13% 46.20% 30.11%
2016 36.88% 46.72% 36.74%
2015 36.97% 46.93% 33.36%
2014 36.90% 47.02% 29.35%
2013 36.50% 46.35% 31.79%
2012 36.09% 46.35% 30.93%
2011 35.42% 46.41% 31.80%
2010 34.65% 45.75% 30.82%
2009 34.13% 44.97% 29.30%
2008 33.36% 44.71% 29.58%
2007 32.80% 44.48% 28.41%
2006 32.73% 44.40% 30.01%

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.