Department of Numbers

Cumberland County North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Cumberland County NC was $871 in 2017 according to the Census ACS survey.1 Average gross rent in Cumberland County was $848 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 Cumberland County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cumberland 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%
Cumberland County NC Median Gross Rent $871 -1.47% -1.69%

Cumberland County NC Real Gross Rent Trends

Median gross rent for Cumberland County peaked in real terms in 2015 at $909 and is now $38 (4.18%) lower. Average gross rent for Cumberland County peaked in real terms in 2015 at $881 and is now $33 (3.75%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cumberland County

Date US
Median
North Carolina
Median
Cumberland County NC
Median
Cumberland County NC
Average
2017 $1,012 $861 $871 $848
2016 $996 $852 $884 $858
2015 $987 $851 $909 $881
2014 $956 $822 $886 $853
2013 $924 $795 $850 $837
2012 $912 $780 $885 $850
2011 $912 $780 $867 $833
2010 $927 $792 $892 $869
2009 $931 $796 $860 $842
2008 $947 $797 $827 $783
2007 $899 $773 $850 $787
2006 $909 $781 $846 $776

Cumberland 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 Cumberland County North Carolina was 6.15% according to Census ACS data.

Rental Vacancy Rate in Cumberland 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%
Cumberland County NC 6.15% -0.98% -2.84%

Trends in Cumberland County NC Rental Vacancy Rate

The rental vacancy rate in Cumberland County peaked in 2007 at 12.01%. Since then it has fallen by 5.86% to 6.15%. Data records for this series originated in 2005.

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

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Cumberland County

Date US North Carolina Cumberland County NC
2017 6.18% 6.77% 6.15%
2016 5.89% 6.99% 7.13%
2015 5.85% 7.02% 9.67%
2014 6.32% 7.29% 8.99%
2013 6.49% 7.46% 8.54%
2012 6.77% 8.00% 9.55%
2011 7.40% 9.31% 7.27%
2010 8.17% 9.97% 9.93%
2009 8.43% 10.10% 7.85%
2008 7.86% 9.58% 7.31%
2007 7.87% 9.26% 12.01%
2006 7.70% 9.98% 6.94%

Rent as a Fraction of Income

Using median household income data for Cumberland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cumberland County, median monthly gross rent as a fraction of median household income was 23.89% in 2017 according to the ACS.

Cumberland 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%
Cumberland County NC 23.89% +0.79% -0.68%

Trends in Cumberland County NC Rent as a Fraction of Income

The fraction of median Cumberland County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 25.19%. Since then it has fallen by 1.31% to 23.89%.

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

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

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

Date US North Carolina Cumberland County NC
2017 20.13% 19.59% 23.89%
2016 20.43% 19.90% 23.09%
2015 20.63% 20.75% 25.19%
2014 20.89% 20.70% 24.57%
2013 20.78% 20.34% 22.89%
2012 20.65% 20.09% 22.87%
2011 20.70% 20.36% 22.80%
2010 20.50% 20.25% 22.86%
2009 20.12% 19.78% 22.86%
2008 19.00% 17.89% 19.29%
2007 18.66% 18.21% 21.10%
2006 18.90% 18.47% 20.70%

Renter Fraction in Cumberland County North Carolina

You can calculate the renter fraction in Cumberland 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 Cumberland County as a fraction of total Cumberland County households. In 2017 50.32% of households were renters according to Census ACS data.

Cumberland 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%
Cumberland County NC 50.32% +2.24% +1.21%

Trends in the Cumberland County NC Renter Fraction

At 50.32%, the 2017 household based renter fraction in Cumberland County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Cumberland County

History of Cumberland County Renter Fraction

Date US North Carolina Cumberland County NC
2017 36.13% 34.60% 50.32%
2016 36.88% 35.78% 48.08%
2015 36.97% 36.13% 49.66%
2014 36.90% 35.75% 49.11%
2013 36.50% 35.74% 48.84%
2012 36.09% 34.56% 46.03%
2011 35.42% 33.49% 45.09%
2010 34.65% 32.83% 42.59%
2009 34.13% 32.81% 44.69%
2008 33.36% 31.82% 38.98%
2007 32.80% 31.70% 39.85%
2006 32.73% 31.94% 40.44%

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.