Department of Numbers

Oswego County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Oswego County NY was $763 in 2017 according to the Census ACS survey.1 Average gross rent in Oswego County was $721 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 Oswego County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Oswego 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%
Oswego County NY Median Gross Rent $763 +2.97% +7.62%

Oswego County NY Real Gross Rent Trends

Median gross rent for Oswego County peaked in real terms in 2008 at $782 and is now $19 (2.43%) lower. Average gross rent for Oswego County peaked in real terms in 2008 at $794 and is now $73 (9.19%) lower. From a recent low of 658.0 in 2014, real average gross rent has now increased by $63 (9.57%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Oswego County

Date US
Median
New York
Median
Oswego County NY
Median
Oswego County NY
Average
2017 $1,012 $1,226 $763 $721
2016 $996 $1,213 $741 $729
2015 $987 $1,207 $721 $743
2014 $956 $1,175 $709 $658
2013 $924 $1,133 $733 $714
2012 $912 $1,113 $712 $710
2011 $912 $1,108 $746 $690
2010 $927 $1,105 $740 $715
2009 $931 $1,088 $725 $660
2008 $947 $1,095 $782 $794
2007 $899 $1,033 $736 $704
2006 $909 $1,042 $717 $665

Oswego 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 Oswego County New York was 5.37% according to Census ACS data.

Rental Vacancy Rate in Oswego 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%
Oswego County NY 5.37% -2.00% +0.77%

Trends in Oswego County NY Rental Vacancy Rate

The rental vacancy rate in Oswego County peaked in 2007 at 14.91%. Since then it has fallen by 9.54% to 5.37%. Data records for this series originated in 2005. From a 2014 post peak low of 4.60%, the rental vacancy rate has increased by 0.77%.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Oswego County

Date US New York Oswego County NY
2017 6.18% 4.19% 5.37%
2016 5.89% 4.42% 7.37%
2015 5.85% 4.41% 5.98%
2014 6.32% 4.34% 4.60%
2013 6.49% 4.17% 6.51%
2012 6.77% 4.34% 10.47%
2011 7.40% 4.48% 8.31%
2010 8.17% 5.03% 9.65%
2009 8.43% 4.78% 11.54%
2008 7.86% 4.68% 6.36%
2007 7.87% 4.70% 14.91%
2006 7.70% 4.94% 7.54%

Rent as a Fraction of Income

Using median household income data for Oswego County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oswego County, median monthly gross rent as a fraction of median household income was 17.14% in 2017 according to the ACS.

Oswego 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%
Oswego County NY 17.14% +0.79% -0.52%

Trends in Oswego County NY Rent as a Fraction of Income

The fraction of median Oswego County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.70%. Since then it has fallen by 2.56% to 17.14%.

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

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

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

Date US New York Oswego County NY
2017 20.13% 22.67% 17.14%
2016 20.43% 22.78% 16.35%
2015 20.63% 23.13% 16.90%
2014 20.89% 23.40% 17.66%
2013 20.78% 23.20% 18.52%
2012 20.65% 22.94% 17.63%
2011 20.70% 22.98% 19.70%
2010 20.50% 22.60% 18.36%
2009 20.12% 21.60% 16.72%
2008 19.00% 20.41% 19.42%
2007 18.66% 20.34% 17.06%
2006 18.90% 20.43% 18.88%

Renter Fraction in Oswego County New York

You can calculate the renter fraction in Oswego 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 Oswego County as a fraction of total Oswego County households. In 2017 28.18% of households were renters according to Census ACS data.

Oswego 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%
Oswego County NY 28.18% -1.20% -0.36%

Trends in the Oswego County NY Renter Fraction

The Oswego County household renter fraction peaked in in 2011 at 30.65% and is now 2.47% below that level. The origin year for the series is 2005.

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

Fraction of renters in Oswego County

History of Oswego County Renter Fraction

Date US New York Oswego County NY
2017 36.13% 46.20% 28.18%
2016 36.88% 46.72% 29.38%
2015 36.97% 46.93% 25.81%
2014 36.90% 47.02% 28.54%
2013 36.50% 46.35% 27.20%
2012 36.09% 46.35% 27.15%
2011 35.42% 46.41% 30.65%
2010 34.65% 45.75% 25.54%
2009 34.13% 44.97% 28.39%
2008 33.36% 44.71% 26.04%
2007 32.80% 44.48% 24.67%
2006 32.73% 44.40% 29.23%

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.