Department of Numbers

Columbus Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Columbus, OH (the Columbus metro area) was $916 in 2017 according to the Census ACS survey.1 Average gross rent in Columbus was $930 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 Columbus median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Columbus Ohio (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Ohio Median Gross Rent $772 +0.13% +2.52%
Columbus, OH Median Gross Rent $916 +2.81% +5.65%

Columbus, OH Real Gross Rent Trends

At $916, real median gross rent in Columbus was at its highest level in 2017 since the series began in 2005. At $930, real average gross rent in Columbus was at its highest level in 2017 since the series began in 2005.

Real Gross Rent in Columbus: Columbus OH Median, Columbus OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Columbus

Date US
Median
Ohio
Median
Columbus, OH
Median
Columbus, OH
Average
2017 $1,012 $772 $916 $930
2016 $996 $771 $891 $912
2015 $987 $768 $894 $914
2014 $956 $753 $867 $879
2013 $924 $724 $821 $836
2012 $912 $722 $816 $847
2011 $912 $725 $813 $840
2010 $927 $742 $821 $844
2009 $931 $741 $837 $863
2008 $947 $766 $849 $882
2007 $899 $733 $807 $822
2006 $909 $747 $830 $851

Columbus 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 Columbus Ohio was 5.98% according to Census ACS data.

Rental Vacancy Rate in Columbus Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Columbus, OH 5.98% +0.62% +0.13%

Trends in Columbus, OH Rental Vacancy Rate

The rental vacancy rate in Columbus peaked in 2005 at 13.53%. Since then it has fallen by 7.55% to 5.98%. Data records for this series originated in 2005. From a 2015 post peak low of 4.88%, the rental vacancy rate has increased by 1.10%.

Rental Vacancy Rate: Columbus OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Columbus

Date US Ohio Columbus, OH
2017 6.18% 5.62% 5.98%
2016 5.89% 5.44% 5.36%
2015 5.85% 5.56% 4.88%
2014 6.32% 6.26% 5.85%
2013 6.49% 6.15% 4.93%
2012 6.77% 7.08% 6.56%
2011 7.40% 7.89% 7.02%
2010 8.17% 9.45% 9.77%
2009 8.43% 9.17% 10.39%
2008 7.86% 9.68% 11.25%
2007 7.87% 10.00% 11.78%
2006 7.70% 10.68% 12.69%

Rent as a Fraction of Income

Using median household income data for Columbus, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Columbus, median monthly gross rent as a fraction of median household income was 17.24% in 2017 according to the ACS.

Columbus Ohio Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Ohio 17.15% -0.25% -0.74%
Columbus, OH 17.24% -0.22% -0.79%

Trends in Columbus, OH Rent as a Fraction of Income

The fraction of median Columbus household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.03%. Since then it has fallen by 0.79% to 17.24%.

Fraction of Income towards Rent: Columbus OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Columbus Ohio

Historical Data for Annual Rent as a Fraction of Income in Columbus Ohio

Date US Ohio Columbus, OH
2017 20.13% 17.15% 17.24%
2016 20.43% 17.40% 17.45%
2015 20.63% 17.53% 17.92%
2014 20.89% 17.89% 18.03%
2013 20.78% 17.70% 17.84%
2012 20.65% 17.94% 17.68%
2011 20.70% 18.15% 17.80%
2010 20.50% 18.23% 17.82%
2009 20.12% 17.71% 17.89%
2008 19.00% 16.68% 16.30%
2007 18.66% 16.56% 16.43%
2006 18.90% 16.90% 16.75%

Renter Fraction in Columbus Ohio

You can calculate the renter fraction in Columbus 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 Columbus as a fraction of total Columbus households. In 2017 38.22% of households were renters according to Census ACS data.

Columbus Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Ohio 34.22% -0.42% -0.45%
Columbus, OH 38.22% -1.37% -1.06%

Trends in the Columbus, OH Renter Fraction

The Columbus household renter fraction peaked in in 2016 at 39.59% and is now 1.37% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Columbus OH, Ohio, US

Fraction of renters in Columbus

History of Columbus Renter Fraction

Date US Ohio Columbus, OH
2017 36.13% 34.22% 38.22%
2016 36.88% 34.64% 39.59%
2015 36.97% 34.59% 39.49%
2014 36.90% 34.67% 39.28%
2013 36.50% 33.93% 38.18%
2012 36.09% 33.71% 38.92%
2011 35.42% 33.02% 38.58%
2010 34.65% 31.60% 36.97%
2009 34.13% 31.95% 36.77%
2008 33.36% 30.95% 35.16%
2007 32.80% 30.32% 34.72%
2006 32.73% 29.99% 34.84%

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.