Department of Numbers

Lincoln County North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Lincoln County NC was $734 in 2017 according to the Census ACS survey.1 Average gross rent in Lincoln County was $757 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 Lincoln County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lincoln 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%
Lincoln County NC Median Gross Rent $734 +5.31% +10.21%

Lincoln County NC Real Gross Rent Trends

At $734, real median gross rent in Lincoln County was at its highest level in 2017 since the series began in 2005. At $757, real average gross rent in Lincoln County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lincoln County

Date US
Median
North Carolina
Median
Lincoln County NC
Median
Lincoln County NC
Average
2017 $1,012 $861 $734 $757
2016 $996 $852 $697 $656
2015 $987 $851 $721 $747
2014 $956 $822 $666 $682
2013 $924 $795 $673 $697
2012 $912 $780 $691 $605
2011 $912 $780 $671 $723
2010 $927 $792 $680 $640
2009 $931 $796 $689 $632
2008 $947 $797 $667 $615
2007 $899 $773 $712 $613
2006 $909 $781 $687 $623

Historical Rental Vacancy Rate data for Lincoln County

Date US North Carolina Lincoln County NC
2017 6.18% 6.77%
2016 5.89% 6.99%
2015 5.85% 7.02%
2014 6.32% 7.29%
2013 6.49% 7.46%
2012 6.77% 8.00%
2011 7.40% 9.31%
2010 8.17% 9.97%
2009 8.43% 10.10% 9.20%
2008 7.86% 9.58%
2007 7.87% 9.26%
2006 7.70% 9.98%

Rent as a Fraction of Income

Using median household income data for Lincoln County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lincoln County, median monthly gross rent as a fraction of median household income was 16.20% in 2017 according to the ACS.

Lincoln 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%
Lincoln County NC 16.20% -0.44% -0.00%

Trends in Lincoln County NC Rent as a Fraction of Income

The fraction of median Lincoln County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 18.02%. Since then it has fallen by 1.81% to 16.20%. From a 2008 low of 14.15%, the fraction of income going to rent has increased by 2.05%.

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

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

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

Date US North Carolina Lincoln County NC
2017 20.13% 19.59% 16.20%
2016 20.43% 19.90% 16.65%
2015 20.63% 20.75% 17.94%
2014 20.89% 20.70% 16.21%
2013 20.78% 20.34% 16.11%
2012 20.65% 20.09% 17.44%
2011 20.70% 20.36% 14.75%
2010 20.50% 20.25% 17.72%
2009 20.12% 19.78% 15.82%
2008 19.00% 17.89% 14.15%
2007 18.66% 18.21% 15.28%
2006 18.90% 18.47% 18.02%

Renter Fraction in Lincoln County North Carolina

You can calculate the renter fraction in Lincoln 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 Lincoln County as a fraction of total Lincoln County households. In 2017 23.49% of households were renters according to Census ACS data.

Lincoln 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%
Lincoln County NC 23.49% -1.29% -2.26%

Trends in the Lincoln County NC Renter Fraction

The Lincoln County household renter fraction peaked in in 2008 at 28.23% and is now 4.74% below that level. The origin year for the series is 2005.

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

Fraction of renters in Lincoln County

History of Lincoln County Renter Fraction

Date US North Carolina Lincoln County NC
2017 36.13% 34.60% 23.49%
2016 36.88% 35.78% 24.78%
2015 36.97% 36.13% 23.85%
2014 36.90% 35.75% 25.75%
2013 36.50% 35.74% 22.57%
2012 36.09% 34.56% 24.18%
2011 35.42% 33.49% 22.06%
2010 34.65% 32.83% 20.67%
2009 34.13% 32.81% 27.03%
2008 33.36% 31.82% 28.23%
2007 32.80% 31.70% 22.48%
2006 32.73% 31.94% 23.56%

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.