Department of Numbers

Canadian County Oklahoma Residential Rent and Rental Statistics

The median monthly gross residential rent in Canadian County OK was $973 in 2017 according to the Census ACS survey.1 Average gross rent in Canadian County was $916 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 Canadian County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Canadian County Oklahoma (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Oklahoma Median Gross Rent $780 +3.17% +3.31%
Canadian County OK Median Gross Rent $973 -1.02% +7.04%

Canadian County OK Real Gross Rent Trends

Median gross rent for Canadian County peaked in real terms in 2016 at $983 and is now $10 (1.02%) lower. Average gross rent for Canadian County peaked in real terms in 2016 at $985 and is now $69 (7.01%) lower.

Real Gross Rent: Canadian County OK Median, Canadian County OK Average, Oklahoma Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Canadian County

Date US
Median
Oklahoma
Median
Canadian County OK
Median
Canadian County OK
Average
2017 $1,012 $780 $973 $916
2016 $996 $756 $983 $985
2015 $987 $781 $915 $828
2014 $956 $755 $909 $893
2013 $924 $720 $903 $948
2012 $912 $708 $942 $875
2011 $912 $707 $818 $852
2010 $927 $714 $820 $880
2009 $931 $703 $909 $863
2008 $947 $705 $890 $851
2007 $899 $670 $757 $755
2006 $909 $691 $754 $797

Canadian 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 Canadian County Oklahoma was 4.65% according to Census ACS data.

Rental Vacancy Rate in Canadian County Oklahoma

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Oklahoma 8.57% +0.49% +0.45%
Canadian County OK 4.65% -0.80% +0.38%

Trends in Canadian County OK Rental Vacancy Rate

The rental vacancy rate in Canadian County peaked in 2007 at 17.96%. Since then it has fallen by 13.31% to 4.65%. Data records for this series originated in 2005.

Rental Vacancy Rate: Canadian County OK, Oklahoma, US

Rental vacancy rate in Oklahoma

Historical Rental Vacancy Rate data for Canadian County

Date US Oklahoma Canadian County OK
2017 6.18% 8.57% 4.65%
2016 5.89% 8.08% 5.45%
2015 5.85% 7.76% 7.39%
2014 6.32% 8.12% 4.27%
2013 6.49% 8.19% 6.83%
2012 6.77% 8.16% 3.81%
2011 7.40% 8.52%
2010 8.17% 8.52% 6.08%
2009 8.43% 8.41% 11.97%
2008 7.86% 9.18% 8.75%
2007 7.87% 9.33% 17.96%
2006 7.70% 10.14% 3.35%

Rent as a Fraction of Income

Using median household income data for Canadian County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Canadian County, median monthly gross rent as a fraction of median household income was 15.63% in 2017 according to the ACS.

Canadian County Oklahoma Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Oklahoma 18.70% +0.55% +0.09%
Canadian County OK 15.63% -1.67% +0.08%

Trends in Canadian County OK Rent as a Fraction of Income

The fraction of median Canadian County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.57%. Since then it has fallen by 1.94% to 15.63%.

Fraction of Income towards Rent: Canadian County OK, Oklahoma, US

Percent of median household income going towards median monthly gross rent in Canadian County Oklahoma

Historical Data for Annual Rent as a Fraction of Income in Canadian County Oklahoma

Date US Oklahoma Canadian County OK
2017 20.13% 18.70% 15.63%
2016 20.43% 18.16% 17.29%
2015 20.63% 18.75% 17.19%
2014 20.89% 18.61% 15.54%
2013 20.78% 18.52% 16.69%
2012 20.65% 18.58% 17.57%
2011 20.70% 18.74% 15.80%
2010 20.50% 18.80% 16.20%
2009 20.12% 18.32% 15.08%
2008 19.00% 17.21% 15.16%
2007 18.66% 16.98% 13.71%
2006 18.90% 17.95% 14.81%

Renter Fraction in Canadian County Oklahoma

You can calculate the renter fraction in Canadian 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 Canadian County as a fraction of total Canadian County households. In 2017 26.19% of households were renters according to Census ACS data.

Canadian County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Oklahoma 34.54% -0.56% -0.32%
Canadian County OK 26.19% +1.67% +3.16%

Trends in the Canadian County OK Renter Fraction

At 26.19%, the 2017 household based renter fraction in Canadian County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Canadian County OK, Oklahoma, US

Fraction of renters in Canadian County

History of Canadian County Renter Fraction

Date US Oklahoma Canadian County OK
2017 36.13% 34.54% 26.19%
2016 36.88% 35.10% 24.52%
2015 36.97% 34.66% 25.39%
2014 36.90% 34.86% 23.03%
2013 36.50% 34.46% 23.55%
2012 36.09% 33.62% 20.89%
2011 35.42% 32.97% 23.38%
2010 34.65% 32.21% 24.47%
2009 34.13% 32.81% 21.51%
2008 33.36% 32.76% 23.78%
2007 32.80% 31.77% 19.51%
2006 32.73% 31.39% 21.01%

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.