Department of Numbers

Licking County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Licking County OH was $848 in 2017 according to the Census ACS survey.1 Average gross rent in Licking County was $812 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 Licking County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Licking 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%
Licking County OH Median Gross Rent $848 +6.67% +9.28%

Licking County OH Real Gross Rent Trends

Median gross rent for Licking County peaked in real terms in 2015 at $860 and is now $12 (1.40%) lower. Average gross rent for Licking County peaked in real terms in 2015 at $878 and is now $66 (7.52%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Licking County

Date US
Median
Ohio
Median
Licking County OH
Median
Licking County OH
Average
2017 $1,012 $772 $848 $812
2016 $996 $771 $795 $784
2015 $987 $768 $860 $878
2014 $956 $753 $776 $751
2013 $924 $724 $739 $752
2012 $912 $722 $800 $770
2011 $912 $725 $718 $719
2010 $927 $742 $739 $740
2009 $931 $741 $739 $720
2008 $947 $766 $764 $742
2007 $899 $733 $750 $702
2006 $909 $747 $797 $710

Licking 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 Licking County Ohio was 8.44% according to Census ACS data.

Rental Vacancy Rate in Licking County Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Licking County OH 8.44% -0.71% +3.52%

Trends in Licking County OH Rental Vacancy Rate

The rental vacancy rate in Licking County peaked in 2016 at 9.15%. Since then it has fallen by 0.71% to 8.44%. Data records for this series originated in 2005.

Rental Vacancy Rate: Licking County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Licking County

Date US Ohio Licking County OH
2017 6.18% 5.62% 8.44%
2016 5.89% 5.44% 9.15%
2015 5.85% 5.56% 5.63%
2014 6.32% 6.26% 4.92%
2013 6.49% 6.15%
2012 6.77% 7.08% 2.89%
2011 7.40% 7.89% 6.97%
2010 8.17% 9.45%
2009 8.43% 9.17%
2008 7.86% 9.68%
2007 7.87% 10.00% 8.38%
2006 7.70% 10.68% 3.51%

Rent as a Fraction of Income

Using median household income data for Licking County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Licking County, median monthly gross rent as a fraction of median household income was 16.18% in 2017 according to the ACS.

Licking 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%
Licking County OH 16.18% +0.17% +0.41%

Trends in Licking County OH Rent as a Fraction of Income

The fraction of median Licking County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.77%. Since then it has fallen by 1.59% to 16.18%.

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

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

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

Date US Ohio Licking County OH
2017 20.13% 17.15% 16.18%
2016 20.43% 17.40% 16.01%
2015 20.63% 17.53% 16.75%
2014 20.89% 17.89% 15.78%
2013 20.78% 17.70% 15.83%
2012 20.65% 17.94% 17.77%
2011 20.70% 18.15% 14.98%
2010 20.50% 18.23% 16.01%
2009 20.12% 17.71% 15.77%
2008 19.00% 16.68% 15.53%
2007 18.66% 16.56% 14.74%
2006 18.90% 16.90% 15.93%

Renter Fraction in Licking County Ohio

You can calculate the renter fraction in Licking 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 Licking County as a fraction of total Licking County households. In 2017 24.55% of households were renters according to Census ACS data.

Licking 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%
Licking County OH 24.55% -3.92% -4.36%

Trends in the Licking County OH Renter Fraction

The Licking County household renter fraction peaked in in 2014 at 28.91% and is now 4.36% below that level. The origin year for the series is 2005.

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

Fraction of renters in Licking County

History of Licking County Renter Fraction

Date US Ohio Licking County OH
2017 36.13% 34.22% 24.55%
2016 36.88% 34.64% 28.47%
2015 36.97% 34.59% 27.95%
2014 36.90% 34.67% 28.91%
2013 36.50% 33.93% 28.90%
2012 36.09% 33.71% 28.52%
2011 35.42% 33.02% 26.50%
2010 34.65% 31.60% 25.57%
2009 34.13% 31.95% 27.85%
2008 33.36% 30.95% 25.39%
2007 32.80% 30.32% 24.72%
2006 32.73% 29.99% 25.19%

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.