Department of Numbers

Ulster County New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Ulster County NY was $1,077 in 2017 according to the Census ACS survey.1 Average gross rent in Ulster County was $1,039 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 Ulster County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ulster 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%
Ulster County NY Median Gross Rent $1,077 +4.97% +3.96%

Ulster County NY Real Gross Rent Trends

At $1,077, real median gross rent in Ulster County was at its highest level in 2017 since the series began in 2005. Average gross rent for Ulster County peaked in real terms in 2014 at $1,064 and is now $25 (2.35%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ulster County

Date US
Median
New York
Median
Ulster County NY
Median
Ulster County NY
Average
2017 $1,012 $1,226 $1,077 $1,039
2016 $996 $1,213 $1,026 $968
2015 $987 $1,207 $1,025 $1,008
2014 $956 $1,175 $1,036 $1,064
2013 $924 $1,133 $1,022 $943
2012 $912 $1,113 $1,000 $958
2011 $912 $1,108 $1,028 $960
2010 $927 $1,105 $1,061 $1,001
2009 $931 $1,088 $1,039 $1,053
2008 $947 $1,095 $1,061 $1,028
2007 $899 $1,033 $1,032 $955
2006 $909 $1,042 $1,037 $1,021

Ulster 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 Ulster County New York was 3.76% according to Census ACS data.

Rental Vacancy Rate in Ulster 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%
Ulster County NY 3.76% -4.96% -3.25%

Trends in Ulster County NY Rental Vacancy Rate

The rental vacancy rate in Ulster County peaked in 2016 at 8.72%. Since then it has fallen by 4.96% to 3.76%. Data records for this series originated in 2005.

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

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Ulster County

Date US New York Ulster County NY
2017 6.18% 4.19% 3.76%
2016 5.89% 4.42% 8.72%
2015 5.85% 4.41% 2.53%
2014 6.32% 4.34% 7.01%
2013 6.49% 4.17% 7.33%
2012 6.77% 4.34% 8.05%
2011 7.40% 4.48% 5.77%
2010 8.17% 5.03% 7.28%
2009 8.43% 4.78% 5.94%
2008 7.86% 4.68%
2007 7.87% 4.70% 7.56%
2006 7.70% 4.94% 2.86%

Rent as a Fraction of Income

Using median household income data for Ulster County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ulster County, median monthly gross rent as a fraction of median household income was 20.31% in 2017 according to the ACS.

Ulster 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%
Ulster County NY 20.31% +1.01% -0.59%

Trends in Ulster County NY Rent as a Fraction of Income

The fraction of median Ulster County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.90%. Since then it has fallen by 2.59% to 20.31%.

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

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

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

Date US New York Ulster County NY
2017 20.13% 22.67% 20.31%
2016 20.43% 22.78% 19.30%
2015 20.63% 23.13% 20.00%
2014 20.89% 23.40% 20.90%
2013 20.78% 23.20% 20.56%
2012 20.65% 22.94% 20.20%
2011 20.70% 22.98% 21.40%
2010 20.50% 22.60% 22.90%
2009 20.12% 21.60% 19.97%
2008 19.00% 20.41% 20.21%
2007 18.66% 20.34% 19.05%
2006 18.90% 20.43% 19.82%

Renter Fraction in Ulster County New York

You can calculate the renter fraction in Ulster 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 Ulster County as a fraction of total Ulster County households. In 2017 29.94% of households were renters according to Census ACS data.

Ulster 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%
Ulster County NY 29.94% -2.06% -1.22%

Trends in the Ulster County NY Renter Fraction

The Ulster County household renter fraction peaked in in 2008 at 34.38% and is now 4.44% below that level. From a recent low of 29.47% in 2013, the household based renter fraction has now grown by 0.47%. The origin year for the series is 2005.

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

Fraction of renters in Ulster County

History of Ulster County Renter Fraction

Date US New York Ulster County NY
2017 36.13% 46.20% 29.94%
2016 36.88% 46.72% 32.00%
2015 36.97% 46.93% 31.53%
2014 36.90% 47.02% 31.16%
2013 36.50% 46.35% 29.47%
2012 36.09% 46.35% 30.44%
2011 35.42% 46.41% 34.30%
2010 34.65% 45.75% 30.64%
2009 34.13% 44.97% 29.76%
2008 33.36% 44.71% 34.38%
2007 32.80% 44.48% 30.31%
2006 32.73% 44.40% 32.89%

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.