Department of Numbers

Johnston County North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Johnston County NC was $810 in 2017 according to the Census ACS survey.1 Average gross rent in Johnston County was $827 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 Johnston County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Johnston 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%
Johnston County NC Median Gross Rent $810 -2.41% -0.49%

Johnston County NC Real Gross Rent Trends

Median gross rent for Johnston County peaked in real terms in 2010 at $905 and is now $95 (10.50%) lower. From a recent low of 686.0 in 2012, real median gross rent has now increased by $124 (18.08%). Average gross rent for Johnston County peaked in real terms in 2010 at $829 and is now $2 (0.24%) lower. From a recent low of 647.0 in 2012, real average gross rent has now increased by $180 (27.82%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Johnston County

Date US
Median
North Carolina
Median
Johnston County NC
Median
Johnston County NC
Average
2017 $1,012 $861 $810 $827
2016 $996 $852 $830 $788
2015 $987 $851 $822 $821
2014 $956 $822 $814 $828
2013 $924 $795 $784 $792
2012 $912 $780 $686 $647
2011 $912 $780 $733 $667
2010 $927 $792 $905 $829
2009 $931 $796 $793 $720
2008 $947 $797 $812 $739
2007 $899 $773 $776 $703
2006 $909 $781 $815 $743

Johnston 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 Johnston County North Carolina was 3.14% according to Census ACS data.

Rental Vacancy Rate in Johnston 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%
Johnston County NC 3.14% -1.71%

Trends in Johnston County NC Rental Vacancy Rate

The rental vacancy rate in Johnston County peaked in 2006 at 14.39%. Since then it has fallen by 11.25% to 3.14%. Data records for this series originated in 2005.

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

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Johnston County

Date US North Carolina Johnston County NC
2017 6.18% 6.77% 3.14%
2016 5.89% 6.99%
2015 5.85% 7.02% 5.52%
2014 6.32% 7.29% 4.85%
2013 6.49% 7.46% 7.54%
2012 6.77% 8.00%
2011 7.40% 9.31% 13.37%
2010 8.17% 9.97% 11.44%
2009 8.43% 10.10% 13.61%
2008 7.86% 9.58% 7.88%
2007 7.87% 9.26% 4.52%
2006 7.70% 9.98% 14.39%

Rent as a Fraction of Income

Using median household income data for Johnston County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Johnston County, median monthly gross rent as a fraction of median household income was 16.73% in 2017 according to the ACS.

Johnston 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%
Johnston County NC 16.73% -1.19% -2.80%

Trends in Johnston County NC Rent as a Fraction of Income

The fraction of median Johnston County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.79%. Since then it has fallen by 5.06% to 16.73%.

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

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

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

Date US North Carolina Johnston County NC
2017 20.13% 19.59% 16.73%
2016 20.43% 19.90% 17.92%
2015 20.63% 20.75% 18.36%
2014 20.89% 20.70% 19.53%
2013 20.78% 20.34% 18.25%
2012 20.65% 20.09% 16.94%
2011 20.70% 20.36% 17.90%
2010 20.50% 20.25% 21.79%
2009 20.12% 19.78% 17.52%
2008 19.00% 17.89% 16.16%
2007 18.66% 18.21% 17.94%
2006 18.90% 18.47% 17.63%

Renter Fraction in Johnston County North Carolina

You can calculate the renter fraction in Johnston 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 Johnston County as a fraction of total Johnston County households. In 2017 25.65% of households were renters according to Census ACS data.

Johnston 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%
Johnston County NC 25.65% -1.98% -4.76%

Trends in the Johnston County NC Renter Fraction

The Johnston County household renter fraction peaked in in 2014 at 30.41% and is now 4.76% below that level. The origin year for the series is 2005.

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

Fraction of renters in Johnston County

History of Johnston County Renter Fraction

Date US North Carolina Johnston County NC
2017 36.13% 34.60% 25.65%
2016 36.88% 35.78% 27.63%
2015 36.97% 36.13% 29.04%
2014 36.90% 35.75% 30.41%
2013 36.50% 35.74% 27.81%
2012 36.09% 34.56% 26.93%
2011 35.42% 33.49% 30.18%
2010 34.65% 32.83% 26.73%
2009 34.13% 32.81% 26.50%
2008 33.36% 31.82% 26.92%
2007 32.80% 31.70% 25.65%
2006 32.73% 31.94% 26.82%

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.