Department of Numbers

Wood County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Wood County OH was $757 in 2017 according to the Census ACS survey.1 Average gross rent in Wood County was $827 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 Wood County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Wood 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%
Wood County OH Median Gross Rent $757 -6.43% +4.27%

Wood County OH Real Gross Rent Trends

Median gross rent for Wood County peaked in real terms in 2016 at $809 and is now $52 (6.43%) lower. Average gross rent for Wood County peaked in real terms in 2016 at $833 and is now $6 (0.72%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wood County

Date US
Median
Ohio
Median
Wood County OH
Median
Wood County OH
Average
2017 $1,012 $772 $757 $827
2016 $996 $771 $809 $833
2015 $987 $768 $769 $815
2014 $956 $753 $726 $761
2013 $924 $724 $704 $727
2012 $912 $722 $725 $763
2011 $912 $725 $730 $762
2010 $927 $742 $729 $755
2009 $931 $741 $767 $773
2008 $947 $766 $751 $735
2007 $899 $733 $702 $757
2006 $909 $747 $710 $750

Wood 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 Wood County Ohio was 5.24% according to Census ACS data.

Rental Vacancy Rate in Wood County Ohio

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Ohio 5.62% +0.18% -0.64%
Wood County OH 5.24% +1.19%

Trends in Wood County OH Rental Vacancy Rate

The rental vacancy rate in Wood County peaked in 2010 at 12.10%. Since then it has fallen by 6.86% to 5.24%. Data records for this series originated in 2005. From a 2015 post peak low of 2.99%, the rental vacancy rate has increased by 2.25%.

Rental Vacancy Rate: Wood County OH, Ohio, US

Rental vacancy rate in Ohio

Historical Rental Vacancy Rate data for Wood County

Date US Ohio Wood County OH
2017 6.18% 5.62% 5.24%
2016 5.89% 5.44% 4.05%
2015 5.85% 5.56% 2.99%
2014 6.32% 6.26%
2013 6.49% 6.15%
2012 6.77% 7.08%
2011 7.40% 7.89% 4.86%
2010 8.17% 9.45% 12.10%
2009 8.43% 9.17% 9.49%
2008 7.86% 9.68% 11.92%
2007 7.87% 10.00% 3.83%
2006 7.70% 10.68%

Rent as a Fraction of Income

Using median household income data for Wood County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wood County, median monthly gross rent as a fraction of median household income was 15.04% in 2017 according to the ACS.

Wood 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%
Wood County OH 15.04% -0.85% -0.59%

Trends in Wood County OH Rent as a Fraction of Income

The fraction of median Wood County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.02%. Since then it has fallen by 1.97% to 15.04%.

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

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

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

Date US Ohio Wood County OH
2017 20.13% 17.15% 15.04%
2016 20.43% 17.40% 15.90%
2015 20.63% 17.53% 15.72%
2014 20.89% 17.89% 15.64%
2013 20.78% 17.70% 16.00%
2012 20.65% 17.94% 17.02%
2011 20.70% 18.15% 16.80%
2010 20.50% 18.23% 17.01%
2009 20.12% 17.71% 16.67%
2008 19.00% 16.68% 14.35%
2007 18.66% 16.56% 14.70%
2006 18.90% 16.90% 13.90%

Renter Fraction in Wood County Ohio

You can calculate the renter fraction in Wood 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 Wood County as a fraction of total Wood County households. In 2017 34.71% of households were renters according to Census ACS data.

Wood 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%
Wood County OH 34.71% +1.48% +0.65%

Trends in the Wood County OH Renter Fraction

The Wood County household renter fraction peaked in in 2013 at 36.18% and is now 1.47% below that level. The origin year for the series is 2005.

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

Fraction of renters in Wood County

History of Wood County Renter Fraction

Date US Ohio Wood County OH
2017 36.13% 34.22% 34.71%
2016 36.88% 34.64% 33.23%
2015 36.97% 34.59% 34.64%
2014 36.90% 34.67% 34.06%
2013 36.50% 33.93% 36.18%
2012 36.09% 33.71% 31.26%
2011 35.42% 33.02% 32.09%
2010 34.65% 31.60% 31.45%
2009 34.13% 31.95% 32.07%
2008 33.36% 30.95% 30.52%
2007 32.80% 30.32% 30.20%
2006 32.73% 29.99% 31.61%

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.