Department of Numbers

Brunswick County North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Brunswick County NC was $902 in 2017 according to the Census ACS survey.1 Average gross rent in Brunswick County was $923 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 Brunswick County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Brunswick County North Carolina (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
North Carolina Median Gross Rent $861 +1.06% +4.74%
Brunswick County NC Median Gross Rent $902 -0.99% +6.62%

Brunswick County NC Real Gross Rent Trends

Median gross rent for Brunswick County peaked in real terms in 2016 at $911 and is now $9 (0.99%) lower. At $923, real average gross rent in Brunswick County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Brunswick County NC Median, Brunswick County NC Average, North Carolina Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Brunswick County

Date US
Median
North Carolina
Median
Brunswick County NC
Median
Brunswick County NC
Average
2017 $1,012 $861 $902 $923
2016 $996 $852 $911 $873
2015 $987 $851 $824 $785
2014 $956 $822 $846 $830
2013 $924 $795 $875 $776
2012 $912 $780 $867 $860
2011 $912 $780 $800 $709
2010 $927 $792 $889 $788
2009 $931 $796 $904 $856
2008 $947 $797 $878 $775
2007 $899 $773 $841 $767
2006 $909 $781 $818 $809

Brunswick 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 Brunswick County North Carolina was 10.59% according to Census ACS data.

Rental Vacancy Rate in Brunswick County North Carolina

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
North Carolina 6.77% -0.22% -0.52%
Brunswick County NC 10.59% +4.51% -2.20%

Trends in Brunswick County NC Rental Vacancy Rate

The rental vacancy rate in Brunswick County peaked in 2011 at 35.38%. Since then it has fallen by 24.79% to 10.59%. Data records for this series originated in 2005. From a 2016 post peak low of 6.08%, the rental vacancy rate has increased by 4.51%.

Rental Vacancy Rate: Brunswick County NC, North Carolina, US

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Brunswick County

Date US North Carolina Brunswick County NC
2017 6.18% 6.77% 10.59%
2016 5.89% 6.99% 6.08%
2015 5.85% 7.02% 10.94%
2014 6.32% 7.29% 12.79%
2013 6.49% 7.46% 26.83%
2012 6.77% 8.00% 25.12%
2011 7.40% 9.31% 35.38%
2010 8.17% 9.97% 24.27%
2009 8.43% 10.10% 31.99%
2008 7.86% 9.58% 23.09%
2007 7.87% 9.26% 22.00%
2006 7.70% 9.98% 24.39%

Rent as a Fraction of Income

Using median household income data for Brunswick County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Brunswick County, median monthly gross rent as a fraction of median household income was 19.27% in 2017 according to the ACS.

Brunswick County North Carolina Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
North Carolina 19.59% -0.32% -1.11%
Brunswick County NC 19.27% -1.97% -1.95%

Trends in Brunswick County NC Rent as a Fraction of Income

The fraction of median Brunswick County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.76%. Since then it has fallen by 4.49% to 19.27%.

Fraction of Income towards Rent: Brunswick County NC, North Carolina, US

Percent of median household income going towards median monthly gross rent in Brunswick County North Carolina

Historical Data for Annual Rent as a Fraction of Income in Brunswick County North Carolina

Date US North Carolina Brunswick County NC
2017 20.13% 19.59% 19.27%
2016 20.43% 19.90% 21.23%
2015 20.63% 20.75% 20.61%
2014 20.89% 20.70% 21.22%
2013 20.78% 20.34% 21.73%
2012 20.65% 20.09% 20.52%
2011 20.70% 20.36% 23.76%
2010 20.50% 20.25% 22.42%
2009 20.12% 19.78% 22.24%
2008 19.00% 17.89% 19.85%
2007 18.66% 18.21% 22.33%
2006 18.90% 18.47% 17.72%

Renter Fraction in Brunswick County North Carolina

You can calculate the renter fraction in Brunswick 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 Brunswick County as a fraction of total Brunswick County households. In 2017 21.64% of households were renters according to Census ACS data.

Brunswick County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
North Carolina 34.60% -1.18% -1.15%
Brunswick County NC 21.64% -3.88% -4.45%

Trends in the Brunswick County NC Renter Fraction

The Brunswick County household renter fraction peaked in in 2007 at 30.39% and is now 8.75% below that level. From a recent low of 20.80% in 2009, the household based renter fraction has now grown by 0.84%. The origin year for the series is 2005.

Fraction of Renting Households: Brunswick County NC, North Carolina, US

Fraction of renters in Brunswick County

History of Brunswick County Renter Fraction

Date US North Carolina Brunswick County NC
2017 36.13% 34.60% 21.64%
2016 36.88% 35.78% 25.52%
2015 36.97% 36.13% 20.94%
2014 36.90% 35.75% 26.09%
2013 36.50% 35.74% 26.18%
2012 36.09% 34.56% 26.96%
2011 35.42% 33.49% 23.31%
2010 34.65% 32.83% 23.67%
2009 34.13% 32.81% 20.80%
2008 33.36% 31.82% 24.07%
2007 32.80% 31.70% 30.39%
2006 32.73% 31.94% 26.02%

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.