Department of Numbers

Delaware County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Delaware County OH was $1,042 in 2017 according to the Census ACS survey.1 Average gross rent in Delaware County was $1,074 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 Delaware County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Delaware County 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%
Delaware County OH Median Gross Rent $1,042 +7.87% +4.51%

Delaware County OH Real Gross Rent Trends

Median gross rent for Delaware County peaked in real terms in 2015 at $1,059 and is now $17 (1.61%) lower. At $1,074, real average gross rent in Delaware County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Delaware County OH Median, Delaware County OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Delaware County

Date US
Median
Ohio
Median
Delaware County OH
Median
Delaware County OH
Average
2017 $1,012 $772 $1,042 $1,074
2016 $996 $771 $966 $1,009
2015 $987 $768 $1,059 $1,067
2014 $956 $753 $997 $1,062
2013 $924 $724 $961 $1,001
2012 $912 $722 $921 $940
2011 $912 $725 $880 $982
2010 $927 $742 $884 $970
2009 $931 $741 $869 $857
2008 $947 $766 $924 $947
2007 $899 $733 $798 $853
2006 $909 $747 $828 $869

Delaware County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Delaware County Ohio was 4.31% according to Census ACS data.

Rental Vacancy Rate in Delaware County Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Delaware County OH

Trends in Delaware County OH Rental Vacancy Rate

The rental vacancy rate in Delaware County peaked in 2010 at 6.86%. Since then it has fallen by 2.55% to 4.31%. Data records for this series originated in 2005. From a 2012 post peak low of 3.35%, the rental vacancy rate has increased by 0.96%.

Rental Vacancy Rate: Delaware County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Delaware County

Date US Ohio Delaware County OH
2017 6.18% 5.62%
2016 5.89% 5.44%
2015 5.85% 5.56% 4.31%
2014 6.32% 6.26%
2013 6.49% 6.15%
2012 6.77% 7.08% 3.35%
2011 7.40% 7.89%
2010 8.17% 9.45% 6.86%
2009 8.43% 9.17%
2008 7.86% 9.68%
2007 7.87% 10.00%
2006 7.70% 10.68%

Rent as a Fraction of Income

Using median household income data for Delaware County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Delaware County, median monthly gross rent as a fraction of median household income was 11.69% in 2017 according to the ACS.

Delaware County 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%
Delaware County OH 11.69% +0.47% -0.36%

Trends in Delaware County OH Rent as a Fraction of Income

The fraction of median Delaware County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 13.42%. Since then it has fallen by 1.72% to 11.69%.

Fraction of Income towards Rent: Delaware County OH, Ohio, US

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

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

Date US Ohio Delaware County OH
2017 20.13% 17.15% 11.69%
2016 20.43% 17.40% 11.22%
2015 20.63% 17.53% 12.81%
2014 20.89% 17.89% 12.06%
2013 20.78% 17.70% 13.42%
2012 20.65% 17.94% 12.54%
2011 20.70% 18.15% 11.81%
2010 20.50% 18.23% 11.50%
2009 20.12% 17.71% 11.35%
2008 19.00% 16.68% 10.85%
2007 18.66% 16.56% 10.44%
2006 18.90% 16.90% 10.53%

Renter Fraction in Delaware County Ohio

You can calculate the renter fraction in Delaware 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 Delaware County as a fraction of total Delaware County households. In 2017 18.84% of households were renters according to Census ACS data.

Delaware County 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%
Delaware County OH 18.84% -1.64% -1.00%

Trends in the Delaware County OH Renter Fraction

The Delaware County household renter fraction peaked in in 2016 at 20.48% and is now 1.64% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Delaware County OH, Ohio, US

Fraction of renters in Delaware County

History of Delaware County Renter Fraction

Date US Ohio Delaware County OH
2017 36.13% 34.22% 18.84%
2016 36.88% 34.64% 20.48%
2015 36.97% 34.59% 16.88%
2014 36.90% 34.67% 19.84%
2013 36.50% 33.93% 18.88%
2012 36.09% 33.71% 18.88%
2011 35.42% 33.02% 20.11%
2010 34.65% 31.60% 16.29%
2009 34.13% 31.95% 16.41%
2008 33.36% 30.95% 18.11%
2007 32.80% 30.32% 19.86%
2006 32.73% 29.99% 18.01%

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.