Department of Numbers

Geauga County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Geauga County OH was $770 in 2017 according to the Census ACS survey.1 Average gross rent in Geauga County was $742 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 Geauga County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Geauga 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%
Geauga County OH Median Gross Rent $770 -1.53% -17.20%

Geauga County OH Real Gross Rent Trends

Median gross rent for Geauga County peaked in real terms in 2014 at $930 and is now $160 (17.20%) lower. Average gross rent for Geauga County peaked in real terms in 2013 at $860 and is now $118 (13.72%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Geauga County

Date US
Median
Ohio
Median
Geauga County OH
Median
Geauga County OH
Average
2017 $1,012 $772 $770 $742
2016 $996 $771 $782 $815
2015 $987 $768 $747 $771
2014 $956 $753 $930 $790
2013 $924 $724 $869 $860
2012 $912 $722 $770 $821
2011 $912 $725 $710 $647
2010 $927 $742 $801 $683
2009 $931 $741 $836 $848
2008 $947 $766 $782 $851
2007 $899 $733 $892 $816
2006 $909 $747 $787 $807

Historical Rental Vacancy Rate data for Geauga County

Date US Ohio Geauga County OH
2017 6.18% 5.62%
2016 5.89% 5.44%
2015 5.85% 5.56%
2014 6.32% 6.26%
2013 6.49% 6.15%
2012 6.77% 7.08% 1.54%
2011 7.40% 7.89%
2010 8.17% 9.45%
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 Geauga County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Geauga County, median monthly gross rent as a fraction of median household income was 11.17% in 2017 according to the ACS.

Geauga 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%
Geauga County OH 11.17% -0.93% -3.97%

Trends in Geauga County OH Rent as a Fraction of Income

The fraction of median Geauga County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 15.37%. Since then it has fallen by 4.21% to 11.17%.

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

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

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

Date US Ohio Geauga County OH
2017 20.13% 17.15% 11.17%
2016 20.43% 17.40% 12.10%
2015 20.63% 17.53% 11.48%
2014 20.89% 17.89% 15.13%
2013 20.78% 17.70% 15.37%
2012 20.65% 17.94% 13.31%
2011 20.70% 18.15% 12.74%
2010 20.50% 18.23% 14.48%
2009 20.12% 17.71% 14.88%
2008 19.00% 16.68% 13.40%
2007 18.66% 16.56% 13.97%
2006 18.90% 16.90% 12.98%

Renter Fraction in Geauga County Ohio

You can calculate the renter fraction in Geauga 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 Geauga County as a fraction of total Geauga County households. In 2017 14.81% of households were renters according to Census ACS data.

Geauga 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%
Geauga County OH 14.81% +3.65% -5.18%

Trends in the Geauga County OH Renter Fraction

The Geauga County household renter fraction peaked in in 2014 at 19.99% and is now 5.18% below that level. The origin year for the series is 2005.

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

Fraction of renters in Geauga County

History of Geauga County Renter Fraction

Date US Ohio Geauga County OH
2017 36.13% 34.22% 14.81%
2016 36.88% 34.64% 11.16%
2015 36.97% 34.59% 14.92%
2014 36.90% 34.67% 19.99%
2013 36.50% 33.93% 16.12%
2012 36.09% 33.71% 16.25%
2011 35.42% 33.02% 14.55%
2010 34.65% 31.60% 12.42%
2009 34.13% 31.95% 12.01%
2008 33.36% 30.95% 16.08%
2007 32.80% 30.32% 11.15%
2006 32.73% 29.99% 14.35%

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.