Clermont County Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Clermont County OH was $827 in 2019 according to the Census ACS survey.1 Average gross rent in Clermont County was $819 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 Clermont County median and average rent data will be released in September of 2021.
Data is also available below for Clermont County rental vacancy rates, Clermont County rent as a percent of median income and the fraction of renters in Clermont County.
Real Gross Rent in Clermont County Ohio (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Ohio Median Gross Rent | $813 | +0.25% | +2.26% |
| Clermont County OH Median Gross Rent | $827 | -4.50% | -1.66% |
Clermont County OH Real Gross Rent Trends
Median gross rent for Clermont County peaked in real terms in 2018 at $866 and is now $39 (4.50%) lower. Average gross rent for Clermont County peaked in real terms in 2017 at $867 and is now $48 (5.54%) lower.
Real Gross Rent: Clermont County OH Median, Clermont County OH Average, Ohio Median, US Median
Real Gross Rent History for Clermont County
| Date | US Median |
Ohio Median |
Clermont County OH Median |
Clermont County OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $827 | $819 |
| 2018 | $1,077 | $811 | $866 | $851 |
| 2017 | $1,043 | $796 | $843 | $867 |
| 2016 | $1,027 | $795 | $841 | $823 |
| 2015 | $1,017 | $791 | $854 | $830 |
| 2014 | $986 | $776 | $773 | $780 |
| 2013 | $953 | $747 | $775 | $789 |
| 2012 | $940 | $745 | $783 | $771 |
| 2011 | $941 | $747 | $808 | $833 |
| 2010 | $955 | $765 | $840 | $858 |
| 2009 | $960 | $764 | $806 | $815 |
| 2007 | $927 | $755 | $775 | $737 |
| 2005 | $910 | $766 | $859 | $813 |
Clermont County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Clermont County Ohio was 4.21% according to Census ACS data.
Rental Vacancy Rate in Clermont County Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Clermont County OH | — | — | — |
Trends in Clermont County OH Rental Vacancy Rate
The rental vacancy rate in Clermont County peaked in 2010 at 21.54%. Since then it has fallen by 17.33% to 4.21%. Data records for this series originated in 2005. From a 2016 post peak low of 1.71%, the rental vacancy rate has increased by 2.50%.
Rental Vacancy Rate: Clermont County OH, Ohio, US
Historical Rental Vacancy Rate data for Clermont County
| Date | US | Ohio | Clermont County OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | — |
| 2018 | 6.15% | 5.54% | 4.21% |
| 2017 | 6.18% | 5.62% | — |
| 2016 | 5.89% | 5.44% | 1.71% |
| 2015 | 5.85% | 5.56% | — |
| 2014 | 6.32% | 6.26% | 7.75% |
| 2013 | 6.49% | 6.15% | — |
| 2012 | 6.77% | 7.08% | — |
| 2011 | 7.40% | 7.89% | — |
| 2010 | 8.17% | 9.45% | 21.54% |
| 2009 | 8.43% | 9.17% | 14.87% |
| 2007 | 7.87% | 10.00% | 7.55% |
| 2005 | 7.74% | 10.37% | 2.80% |
Rent as a Fraction of Income
Using median household income data for Clermont County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clermont County, median monthly gross rent as a fraction of median household income was 14.65% in 2019 according to the ACS.
Clermont County Ohio Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Ohio | 16.64% | -0.41% | -0.77% |
| Clermont County OH | 14.65% | -1.18% | -1.24% |
Trends in Clermont County OH Rent as a Fraction of Income
The fraction of median Clermont County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 16.64%. Since then it has fallen by 1.99% to 14.65%.
Fraction of Income towards Rent: Clermont County OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Clermont County Ohio
| Date | US | Ohio | Clermont County OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 14.65% |
| 2018 | 20.50% | 17.04% | 15.83% |
| 2017 | 20.13% | 17.15% | 14.96% |
| 2016 | 20.43% | 17.40% | 15.89% |
| 2015 | 20.63% | 17.53% | 15.57% |
| 2014 | 20.89% | 17.89% | 14.04% |
| 2013 | 20.78% | 17.70% | 14.31% |
| 2012 | 20.65% | 17.94% | 16.64% |
| 2011 | 20.70% | 18.15% | 16.05% |
| 2010 | 20.50% | 18.23% | 15.84% |
| 2009 | 20.12% | 17.71% | 14.54% |
| 2007 | 18.66% | 16.56% | 14.94% |
| 2005 | 18.89% | 16.91% | 16.21% |
Renter Fraction in Clermont County Ohio
You can calculate the renter fraction in Clermont 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 Clermont County as a fraction of total Clermont County households. In 2019 26.43% of households were renters according to Census ACS data.
Clermont County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Ohio | 33.96% | -0.17% | -0.68% |
| Clermont County OH | 26.43% | +2.08% | 0.00% |
Trends in the Clermont County OH Renter Fraction
The Clermont County household renter fraction peaked in in 2012 at 29.20% and is now 2.77% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clermont County OH, Ohio, US
History of Clermont County Renter Fraction
| Date | US | Ohio | Clermont County OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 26.43% |
| 2018 | 36.05% | 34.13% | 24.35% |
| 2017 | 36.13% | 34.22% | 26.78% |
| 2016 | 36.88% | 34.64% | 26.43% |
| 2015 | 36.97% | 34.59% | 27.58% |
| 2014 | 36.90% | 34.67% | 26.20% |
| 2013 | 36.50% | 33.93% | 25.62% |
| 2012 | 36.09% | 33.71% | 29.20% |
| 2011 | 35.42% | 33.02% | 25.97% |
| 2010 | 34.65% | 31.60% | 21.10% |
| 2009 | 34.13% | 31.95% | 25.45% |
| 2007 | 32.80% | 30.32% | 23.44% |
| 2005 | 33.10% | 30.06% | 26.51% |
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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