Department of Numbers

Wayne County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Wayne County OH was $718 in 2019 according to the Census ACS survey.1 Average gross rent in Wayne County was $669 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Wayne County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Wayne County Ohio (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Ohio Median Gross Rent $813 +0.25% +2.26%
Wayne County OH Median Gross Rent $718 -2.45% -5.03%

Wayne County OH Real Gross Rent Trends

Median gross rent for Wayne County peaked in real terms in 2016 at $756 and is now $38 (5.03%) lower. Average gross rent for Wayne County peaked in real terms in 2018 at $726 and is now $57 (7.85%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wayne County

Date US
Median
Ohio
Median
Wayne County OH
Median
Wayne County OH
Average
2019 $1,097 $813 $718 $669
2018 $1,077 $811 $736 $726
2017 $1,043 $796 $716 $659
2016 $1,027 $795 $756 $691
2015 $1,017 $791 $704 $719
2014 $986 $776 $697 $636
2013 $953 $747 $676 $701
2012 $940 $745 $717 $688
2011 $941 $747 $653 $619
2010 $955 $765 $717 $684
2009 $960 $764 $708 $661

more history ...

Wayne County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Wayne County Ohio was 4.58% according to Census ACS data.

Rental Vacancy Rate in Wayne County Ohio

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Ohio 4.67% -0.87% -0.77%
Wayne County OH

Trends in Wayne County OH Rental Vacancy Rate

The rental vacancy rate in Wayne County peaked in 2016 at 6.55%. Since then it has fallen by 1.97% to 4.58%. Data records for this series originated in 2005.

Rental Vacancy Rate: Wayne County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Wayne County

Date US Ohio Wayne County OH
2019 5.97% 4.67%
2018 6.15% 5.54% 4.58%
2017 6.18% 5.62% 3.33%
2016 5.89% 5.44% 6.55%
2015 5.85% 5.56%
2014 6.32% 6.26% 3.18%
2013 6.49% 6.15%
2012 6.77% 7.08% 1.76%
2011 7.40% 7.89% 4.68%
2010 8.17% 9.45%
2009 8.43% 9.17% 5.09%

more history ...

Rent as a Fraction of Income

Using median household income data for Wayne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wayne County, median monthly gross rent as a fraction of median household income was 15.00% in 2019 according to the ACS.

Wayne County Ohio Median Annual Rent as a Fraction of Median Household Income

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Ohio 16.64% -0.41% -0.77%
Wayne County OH 15.00% +0.32% -1.22%

Trends in Wayne County OH Rent as a Fraction of Income

The fraction of median Wayne County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 16.87%. Since then it has fallen by 1.87% to 15.00%.

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

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

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

Date US Ohio Wayne County OH
2019 20.03% 16.64% 15.00%
2018 20.50% 17.04% 14.68%
2017 20.13% 17.15% 14.90%
2016 20.43% 17.40% 16.21%
2015 20.63% 17.53% 15.10%
2014 20.89% 17.89% 15.84%
2013 20.78% 17.70% 15.45%
2012 20.65% 17.94% 16.87%
2011 20.70% 18.15% 15.50%
2010 20.50% 18.23% 16.64%
2009 20.12% 17.71% 15.67%

more history ...

Renter Fraction in Wayne County Ohio

You can calculate the renter fraction in Wayne 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 Wayne County as a fraction of total Wayne County households. In 2019 29.28% of households were renters according to Census ACS data.

Wayne County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Ohio 33.96% -0.17% -0.68%
Wayne County OH 29.28% +2.30% +0.50%

Trends in the Wayne County OH Renter Fraction

At 29.28%, the 2019 household based renter fraction in Wayne County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Wayne County

History of Wayne County Renter Fraction

Date US Ohio Wayne County OH
2019 35.89% 33.96% 29.28%
2018 36.05% 34.13% 26.98%
2017 36.13% 34.22% 25.86%
2016 36.88% 34.64% 28.78%
2015 36.97% 34.59% 27.82%
2014 36.90% 34.67% 27.44%
2013 36.50% 33.93% 28.02%
2012 36.09% 33.71% 28.40%
2011 35.42% 33.02% 25.58%
2010 34.65% 31.60% 23.51%
2009 34.13% 31.95% 26.16%

more history ...

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.