Department of Numbers

Pottawatomie County Oklahoma Residential Rent and Rental Statistics

The median monthly gross residential rent in Pottawatomie County OK was $662 in 2017 according to the Census ACS survey.1 Average gross rent in Pottawatomie County was $635 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 Pottawatomie County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Pottawatomie 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%
Pottawatomie County OK Median Gross Rent $662 +0.15% -3.07%

Pottawatomie County OK Real Gross Rent Trends

Median gross rent for Pottawatomie County peaked in real terms in 2006 at $710 and is now $48 (6.76%) lower. Average gross rent for Pottawatomie County peaked in real terms in 2015 at $684 and is now $49 (7.16%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Pottawatomie County

Date US
Median
Oklahoma
Median
Pottawatomie County OK
Median
Pottawatomie County OK
Average
2017 $1,012 $780 $662 $635
2016 $996 $756 $661 $651
2015 $987 $781 $671 $684
2014 $956 $755 $683 $607
2013 $924 $720 $649 $582
2012 $912 $708 $643 $582
2011 $912 $707 $644 $604
2010 $927 $714 $709 $622
2009 $931 $703 $676 $638
2008 $947 $705 $635 $580
2007 $899 $670 $594 $512
2006 $909 $691 $710 $606

Pottawatomie 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 Pottawatomie County Oklahoma was 4.20% according to Census ACS data.

Rental Vacancy Rate in Pottawatomie County Oklahoma

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Oklahoma 8.57% +0.49% +0.45%
Pottawatomie County OK 4.20% -0.67% +0.33%

Trends in Pottawatomie County OK Rental Vacancy Rate

The rental vacancy rate in Pottawatomie County peaked in 2009 at 9.63%. Since then it has fallen by 5.43% to 4.20%. Data records for this series originated in 2005. From a 2014 post peak low of 3.87%, the rental vacancy rate has increased by 0.33%.

Rental Vacancy Rate: Pottawatomie County OK, Oklahoma, US

Rental vacancy rate in Oklahoma

Historical Rental Vacancy Rate data for Pottawatomie County

Date US Oklahoma Pottawatomie County OK
2017 6.18% 8.57% 4.20%
2016 5.89% 8.08% 4.87%
2015 5.85% 7.76% 4.94%
2014 6.32% 8.12% 3.87%
2013 6.49% 8.19% 6.34%
2012 6.77% 8.16% 3.92%
2011 7.40% 8.52%
2010 8.17% 8.52%
2009 8.43% 8.41% 9.63%
2008 7.86% 9.18%
2007 7.87% 9.33% 8.01%
2006 7.70% 10.14%

Rent as a Fraction of Income

Using median household income data for Pottawatomie County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pottawatomie County, median monthly gross rent as a fraction of median household income was 16.30% in 2017 according to the ACS.

Pottawatomie 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%
Pottawatomie County OK 16.30% -2.43% -0.79%

Trends in Pottawatomie County OK Rent as a Fraction of Income

The fraction of median Pottawatomie County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.33%. Since then it has fallen by 5.03% to 16.30%.

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

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

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

Date US Oklahoma Pottawatomie County OK
2017 20.13% 18.70% 16.30%
2016 20.43% 18.16% 18.73%
2015 20.63% 18.75% 18.06%
2014 20.89% 18.61% 17.09%
2013 20.78% 18.52% 16.93%
2012 20.65% 18.58% 17.62%
2011 20.70% 18.74% 17.46%
2010 20.50% 18.80% 21.33%
2009 20.12% 18.32% 19.08%
2008 19.00% 17.21% 15.56%
2007 18.66% 16.98% 16.32%
2006 18.90% 17.95% 19.64%

Renter Fraction in Pottawatomie County Oklahoma

You can calculate the renter fraction in Pottawatomie 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 Pottawatomie County as a fraction of total Pottawatomie County households. In 2017 30.85% of households were renters according to Census ACS data.

Pottawatomie 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%
Pottawatomie County OK 30.85% +0.31% -3.86%

Trends in the Pottawatomie County OK Renter Fraction

The Pottawatomie County household renter fraction peaked in in 2005 at 34.98% and is now 4.13% below that level. From a recent low of 25.19% in 2009, the household based renter fraction has now grown by 5.66%. The origin year for the series is 2005.

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

Fraction of renters in Pottawatomie County

History of Pottawatomie County Renter Fraction

Date US Oklahoma Pottawatomie County OK
2017 36.13% 34.54% 30.85%
2016 36.88% 35.10% 30.54%
2015 36.97% 34.66% 30.06%
2014 36.90% 34.86% 34.71%
2013 36.50% 34.46% 31.05%
2012 36.09% 33.62% 31.45%
2011 35.42% 32.97% 26.35%
2010 34.65% 32.21% 25.87%
2009 34.13% 32.81% 25.19%
2008 33.36% 32.76% 31.92%
2007 32.80% 31.77% 27.72%
2006 32.73% 31.39% 26.51%

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.