Department of Numbers

Tompkins County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Tompkins County NY was $1,120 in 2017 according to the Census ACS survey.1 Average gross rent in Tompkins County was $1,148 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 Tompkins County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Tompkins 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%
Tompkins County NY Median Gross Rent $1,120 +10.67% +9.91%

Tompkins County NY Real Gross Rent Trends

At $1,120, real median gross rent in Tompkins County was at its highest level in 2017 since the series began in 2005. Average gross rent for Tompkins County peaked in real terms in 2015 at $1,168 and is now $20 (1.71%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tompkins County

Date US
Median
New York
Median
Tompkins County NY
Median
Tompkins County NY
Average
2017 $1,012 $1,226 $1,120 $1,148
2016 $996 $1,213 $1,012 $1,046
2015 $987 $1,207 $1,111 $1,168
2014 $956 $1,175 $1,019 $1,118
2013 $924 $1,133 $923 $1,036
2012 $912 $1,113 $1,007 $1,103
2011 $912 $1,108 $975 $1,052
2010 $927 $1,105 $965 $1,059
2009 $931 $1,088 $955 $1,045
2008 $947 $1,095 $963 $1,034
2007 $899 $1,033 $896 $1,004
2006 $909 $1,042 $932 $990

Tompkins 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 Tompkins County New York was 1.13% according to Census ACS data.

Rental Vacancy Rate in Tompkins 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%
Tompkins County NY 1.13% -6.40% -2.51%

Trends in Tompkins County NY Rental Vacancy Rate

The rental vacancy rate in Tompkins County peaked in 2016 at 7.53%. Since then it has fallen by 6.40% to 1.13%. Data records for this series originated in 2005.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Tompkins County

Date US New York Tompkins County NY
2017 6.18% 4.19% 1.13%
2016 5.89% 4.42% 7.53%
2015 5.85% 4.41% 1.95%
2014 6.32% 4.34% 3.64%
2013 6.49% 4.17%
2012 6.77% 4.34%
2011 7.40% 4.48%
2010 8.17% 5.03% 2.48%
2009 8.43% 4.78% 3.06%
2008 7.86% 4.68%
2007 7.87% 4.70%
2006 7.70% 4.94% 2.21%

Rent as a Fraction of Income

Using median household income data for Tompkins County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tompkins County, median monthly gross rent as a fraction of median household income was 23.72% in 2017 according to the ACS.

Tompkins 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%
Tompkins County NY 23.72% +2.48% +1.14%

Trends in Tompkins County NY Rent as a Fraction of Income

Tompkins County renters paid 23.72% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US New York Tompkins County NY
2017 20.13% 22.67% 23.72%
2016 20.43% 22.78% 21.23%
2015 20.63% 23.13% 22.31%
2014 20.89% 23.40% 22.58%
2013 20.78% 23.20% 22.36%
2012 20.65% 22.94% 23.46%
2011 20.70% 22.98% 21.66%
2010 20.50% 22.60% 20.51%
2009 20.12% 21.60% 23.03%
2008 19.00% 20.41% 20.71%
2007 18.66% 20.34% 21.74%
2006 18.90% 20.43% 20.64%

Renter Fraction in Tompkins County New York

You can calculate the renter fraction in Tompkins 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 Tompkins County as a fraction of total Tompkins County households. In 2017 44.71% of households were renters according to Census ACS data.

Tompkins 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%
Tompkins County NY 44.71% -0.28% -0.63%

Trends in the Tompkins County NY Renter Fraction

The Tompkins County household renter fraction peaked in in 2006 at 49.62% and is now 4.91% below that level. From a recent low of 43.20% in 2013, the household based renter fraction has now grown by 1.51%. The origin year for the series is 2005.

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

Fraction of renters in Tompkins County

History of Tompkins County Renter Fraction

Date US New York Tompkins County NY
2017 36.13% 46.20% 44.71%
2016 36.88% 46.72% 44.99%
2015 36.97% 46.93% 46.11%
2014 36.90% 47.02% 45.34%
2013 36.50% 46.35% 43.20%
2012 36.09% 46.35% 44.61%
2011 35.42% 46.41% 44.90%
2010 34.65% 45.75% 43.98%
2009 34.13% 44.97% 47.21%
2008 33.36% 44.71% 44.79%
2007 32.80% 44.48% 45.45%
2006 32.73% 44.40% 49.62%

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.