Department of Numbers

Hamilton County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Hamilton County OH was $775 in 2017 according to the Census ACS survey.1 Average gross rent in Hamilton County was $819 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 Hamilton County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hamilton 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%
Hamilton County OH Median Gross Rent $775 +0.26% +6.31%

Hamilton County OH Real Gross Rent Trends

At $775, real median gross rent in Hamilton County was at its highest level in 2017 since the series began in 2005. Average gross rent for Hamilton County peaked in real terms in 2015 at $819 and is now $0 (0.00%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hamilton County

Date US
Median
Ohio
Median
Hamilton County OH
Median
Hamilton County OH
Average
2017 $1,012 $772 $775 $819
2016 $996 $771 $773 $819
2015 $987 $768 $754 $819
2014 $956 $753 $729 $776
2013 $924 $724 $699 $744
2012 $912 $722 $705 $760
2011 $912 $725 $703 $753
2010 $927 $742 $733 $797
2009 $931 $741 $714 $790
2008 $947 $766 $741 $802
2007 $899 $733 $700 $750
2006 $909 $747 $699 $779

Hamilton County 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 Hamilton County Ohio was 5.83% according to Census ACS data.

Rental Vacancy Rate in Hamilton County Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Hamilton County OH 5.83% +0.03% -0.53%

Trends in Hamilton County OH Rental Vacancy Rate

The rental vacancy rate in Hamilton County peaked in 2007 at 15.43%. Since then it has fallen by 9.60% to 5.83%. Data records for this series originated in 2005. From a 2016 post peak low of 5.80%, the rental vacancy rate has increased by 0.03%.

Rental Vacancy Rate: Hamilton County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Hamilton County

Date US Ohio Hamilton County OH
2017 6.18% 5.62% 5.83%
2016 5.89% 5.44% 5.80%
2015 5.85% 5.56% 6.39%
2014 6.32% 6.26% 6.36%
2013 6.49% 6.15% 6.36%
2012 6.77% 7.08% 8.01%
2011 7.40% 7.89% 14.35%
2010 8.17% 9.45% 11.02%
2009 8.43% 9.17% 10.41%
2008 7.86% 9.68% 14.81%
2007 7.87% 10.00% 15.43%
2006 7.70% 10.68% 14.52%

Rent as a Fraction of Income

Using median household income data for Hamilton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hamilton County, median monthly gross rent as a fraction of median household income was 16.89% in 2017 according to the ACS.

Hamilton 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%
Hamilton County OH 16.89% -0.26% -0.62%

Trends in Hamilton County OH Rent as a Fraction of Income

The fraction of median Hamilton County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.54%. Since then it has fallen by 0.65% to 16.89%.

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

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

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

Date US Ohio Hamilton County OH
2017 20.13% 17.15% 16.89%
2016 20.43% 17.40% 17.16%
2015 20.63% 17.53% 17.25%
2014 20.89% 17.89% 17.52%
2013 20.78% 17.70% 17.48%
2012 20.65% 17.94% 17.50%
2011 20.70% 18.15% 17.53%
2010 20.50% 18.23% 17.54%
2009 20.12% 17.71% 16.69%
2008 19.00% 16.68% 15.39%
2007 18.66% 16.56% 15.22%
2006 18.90% 16.90% 15.78%

Renter Fraction in Hamilton County Ohio

You can calculate the renter fraction in Hamilton 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 Hamilton County as a fraction of total Hamilton County households. In 2017 41.92% of households were renters according to Census ACS data.

Hamilton 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%
Hamilton County OH 41.92% -1.25% -1.66%

Trends in the Hamilton County OH Renter Fraction

The Hamilton County household renter fraction peaked in in 2014 at 43.58% and is now 1.66% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hamilton County

History of Hamilton County Renter Fraction

Date US Ohio Hamilton County OH
2017 36.13% 34.22% 41.92%
2016 36.88% 34.64% 43.17%
2015 36.97% 34.59% 42.28%
2014 36.90% 34.67% 43.58%
2013 36.50% 33.93% 42.45%
2012 36.09% 33.71% 41.81%
2011 35.42% 33.02% 39.30%
2010 34.65% 31.60% 39.14%
2009 34.13% 31.95% 40.43%
2008 33.36% 30.95% 36.26%
2007 32.80% 30.32% 36.79%
2006 32.73% 29.99% 36.78%

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.