Department of Numbers

Ross County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Ross County OH was $730 in 2017 according to the Census ACS survey.1 Average gross rent in Ross County was $645 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 Ross County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ross 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%
Ross County OH Median Gross Rent $730 +0.83% +10.94%

Ross County OH Real Gross Rent Trends

Median gross rent for Ross County peaked in real terms in 2008 at $763 and is now $33 (4.33%) lower. From a recent low of 640.0 in 2012, real median gross rent has now increased by $90 (14.06%). Average gross rent for Ross County peaked in real terms in 2015 at $705 and is now $60 (8.51%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ross County

Date US
Median
Ohio
Median
Ross County OH
Median
Ross County OH
Average
2017 $1,012 $772 $730 $645
2016 $996 $771 $724 $642
2015 $987 $768 $736 $705
2014 $956 $753 $658 $557
2013 $924 $724 $691 $607
2012 $912 $722 $640 $574
2011 $912 $725 $698 $635
2010 $927 $742 $656 $599
2009 $931 $741 $669 $574
2008 $947 $766 $763 $617
2007 $899 $733 $652 $594
2006 $909 $747 $679 $572

Ross County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Ross County Ohio was 3.99% according to Census ACS data.

Rental Vacancy Rate in Ross County Ohio

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

Trends in Ross County OH Rental Vacancy Rate

The rental vacancy rate in Ross County peaked in 2012 at 5.79%. Since then it has fallen by 1.80% to 3.99%. Data records for this series originated in 2005.

Rental Vacancy Rate: Ross County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Ross County

Date US Ohio Ross County OH
2017 6.18% 5.62%
2016 5.89% 5.44%
2015 5.85% 5.56%
2014 6.32% 6.26% 3.99%
2013 6.49% 6.15%
2012 6.77% 7.08% 5.79%
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 Ross County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ross County, median monthly gross rent as a fraction of median household income was 17.27% in 2017 according to the ACS.

Ross 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%
Ross County OH 17.27% -1.16% -1.65%

Trends in Ross County OH Rent as a Fraction of Income

The fraction of median Ross County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 20.06%. Since then it has fallen by 2.79% to 17.27%.

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

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

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

Date US Ohio Ross County OH
2017 20.13% 17.15% 17.27%
2016 20.43% 17.40% 18.43%
2015 20.63% 17.53% 19.11%
2014 20.89% 17.89% 18.93%
2013 20.78% 17.70% 20.06%
2012 20.65% 17.94% 17.32%
2011 20.70% 18.15% 18.39%
2010 20.50% 18.23% 17.79%
2009 20.12% 17.71% 17.63%
2008 19.00% 16.68% 18.12%
2007 18.66% 16.56% 16.16%
2006 18.90% 16.90% 18.46%

Renter Fraction in Ross County Ohio

You can calculate the renter fraction in Ross 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 Ross County as a fraction of total Ross County households. In 2017 28.42% of households were renters according to Census ACS data.

Ross 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%
Ross County OH 28.42% -3.59% -5.01%

Trends in the Ross County OH Renter Fraction

The Ross County household renter fraction peaked in in 2014 at 33.43% and is now 5.01% below that level. The origin year for the series is 2005.

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

Fraction of renters in Ross County

History of Ross County Renter Fraction

Date US Ohio Ross County OH
2017 36.13% 34.22% 28.42%
2016 36.88% 34.64% 32.01%
2015 36.97% 34.59% 30.19%
2014 36.90% 34.67% 33.43%
2013 36.50% 33.93% 27.34%
2012 36.09% 33.71% 26.65%
2011 35.42% 33.02% 26.31%
2010 34.65% 31.60% 31.55%
2009 34.13% 31.95% 24.62%
2008 33.36% 30.95% 26.77%
2007 32.80% 30.32% 22.75%
2006 32.73% 29.99% 27.08%

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.