Wilson County North Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Wilson County NC was $690 in 2019 according to the Census ACS survey.1 Average gross rent in Wilson County was $637 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Wilson County median and average rent data will be released in September of 2021.
Data is also available below for Wilson County rental vacancy rates, Wilson County rent as a percent of median income and the fraction of renters in Wilson County.
Real Gross Rent in Wilson County North Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Carolina Median Gross Rent | $931 | +1.64% | +5.92% |
| Wilson County NC Median Gross Rent | $690 | -7.88% | -6.76% |
Wilson County NC Real Gross Rent Trends
Median gross rent for Wilson County peaked in real terms in 2011 at $844 and is now $154 (18.25%) lower. Average gross rent for Wilson County peaked in real terms in 2006 at $797 and is now $160 (20.08%) lower.
Real Gross Rent: Wilson County NC Median, Wilson County NC Average, North Carolina Median, US Median
Real Gross Rent History for Wilson County
| Date | US Median |
North Carolina Median |
Wilson County NC Median |
Wilson County NC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $931 | $690 | $637 |
| 2018 | $1,077 | $916 | $749 | $702 |
| 2017 | $1,043 | $888 | $800 | $739 |
| 2016 | $1,027 | $879 | $740 | $733 |
| 2015 | $1,017 | $877 | $775 | $760 |
| 2014 | $986 | $848 | $745 | $719 |
| 2013 | $953 | $819 | $756 | $749 |
| 2012 | $940 | $804 | $706 | $680 |
| 2011 | $941 | $805 | $844 | $755 |
| 2010 | $955 | $817 | $801 | $788 |
| 2009 | $960 | $821 | $802 | $784 |
| 2007 | $927 | $797 | $755 | $741 |
| 2005 | $910 | $794 | $723 | $676 |
Historical Rental Vacancy Rate data for Wilson County
| Date | US | North Carolina | Wilson County NC |
|---|---|---|---|
| 2019 | 5.97% | 6.60% | — |
| 2018 | 6.15% | 7.03% | — |
| 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% | — |
| 2007 | 7.87% | 9.26% | — |
| 2005 | 7.74% | 9.99% | 7.46% |
Rent as a Fraction of Income
Using median household income data for Wilson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wilson County, median monthly gross rent as a fraction of median household income was 21.32% in 2019 according to the ACS.
Wilson County North Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Carolina | 19.48% | -0.57% | -0.42% |
| Wilson County NC | 21.32% | +0.67% | -0.41% |
Trends in Wilson County NC Rent as a Fraction of Income
The fraction of median Wilson County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 25.67%. Since then it has fallen by 4.35% to 21.32%.
Fraction of Income towards Rent: Wilson County NC, North Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Wilson County North Carolina
| Date | US | North Carolina | Wilson County NC |
|---|---|---|---|
| 2019 | 20.03% | 19.48% | 21.32% |
| 2018 | 20.50% | 20.05% | 20.65% |
| 2017 | 20.13% | 19.59% | 20.26% |
| 2016 | 20.43% | 19.90% | 21.73% |
| 2015 | 20.63% | 20.75% | 21.29% |
| 2014 | 20.89% | 20.70% | 21.85% |
| 2013 | 20.78% | 20.34% | 20.97% |
| 2012 | 20.65% | 20.09% | 21.52% |
| 2011 | 20.70% | 20.36% | 25.67% |
| 2010 | 20.50% | 20.25% | 24.67% |
| 2009 | 20.12% | 19.78% | 21.09% |
| 2007 | 18.66% | 18.21% | 20.91% |
| 2005 | 18.89% | 18.71% | 19.80% |
Renter Fraction in Wilson County North Carolina
You can calculate the renter fraction in Wilson 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 Wilson County as a fraction of total Wilson County households. In 2019 43.02% of households were renters according to Census ACS data.
Wilson County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Carolina | 34.69% | -0.17% | -1.09% |
| Wilson County NC | 43.02% | +3.18% | +4.62% |
Trends in the Wilson County NC Renter Fraction
The Wilson County household renter fraction peaked in in 2014 at 43.07% and is now 0.05% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wilson County NC, North Carolina, US
History of Wilson County Renter Fraction
| Date | US | North Carolina | Wilson County NC |
|---|---|---|---|
| 2019 | 35.89% | 34.69% | 43.02% |
| 2018 | 36.05% | 34.86% | 39.84% |
| 2017 | 36.13% | 34.60% | 42.69% |
| 2016 | 36.88% | 35.78% | 38.40% |
| 2015 | 36.97% | 36.13% | 39.96% |
| 2014 | 36.90% | 35.75% | 43.07% |
| 2013 | 36.50% | 35.74% | 34.51% |
| 2012 | 36.09% | 34.56% | 41.95% |
| 2011 | 35.42% | 33.49% | 39.68% |
| 2010 | 34.65% | 32.83% | 41.44% |
| 2009 | 34.13% | 32.81% | 40.85% |
| 2007 | 32.80% | 31.70% | 35.39% |
| 2005 | 33.10% | 31.81% | 42.67% |
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. ↩
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