Department of Numbers

Benton County Oregon Residential Rent and Rental Statistics

The median monthly gross residential rent in Benton County OR was $1,051 in 2017 according to the Census ACS survey.1 Average gross rent in Benton County was $1,109 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 Benton County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Benton County Oregon (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Oregon Median Gross Rent $1,079 +4.66% +14.06%
Benton County OR Median Gross Rent $1,051 -0.47% +14.99%

Benton County OR Real Gross Rent Trends

Median gross rent for Benton County peaked in real terms in 2016 at $1,056 and is now $5 (0.47%) lower. At $1,109, real average gross rent in Benton County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Benton County OR Median, Benton County OR Average, Oregon Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Benton County

Date US
Median
Oregon
Median
Benton County OR
Median
Benton County OR
Average
2017 $1,012 $1,079 $1,051 $1,109
2016 $996 $1,031 $1,056 $1,081
2015 $987 $970 $911 $979
2014 $956 $946 $914 $1,005
2013 $924 $906 $857 $932
2012 $912 $889 $841 $873
2011 $912 $880 $807 $818
2010 $927 $884 $791 $828
2009 $931 $905 $838 $934
2008 $947 $896 $793 $875
2007 $899 $847 $782 $778
2006 $909 $850 $849 $941

Benton County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Benton County Oregon was 8.59% according to Census ACS data.

Rental Vacancy Rate in Benton County Oregon

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Oregon 3.80% +0.63% +0.23%
Benton County OR

Trends in Benton County OR Rental Vacancy Rate

The rental vacancy rate in Benton County peaked in 2010 at 10.22%. Since then it has fallen by 1.63% to 8.59%. Data records for this series originated in 2005. From a 2014 post peak low of 6.05%, the rental vacancy rate has increased by 2.54%.

Rental Vacancy Rate: Benton County OR, Oregon, US

Rental vacancy rate in Oregon

Historical Rental Vacancy Rate data for Benton County

Date US Oregon Benton County OR
2017 6.18% 3.80%
2016 5.89% 3.17% 8.59%
2015 5.85% 3.64%
2014 6.32% 3.57% 6.05%
2013 6.49% 4.45%
2012 6.77% 4.75%
2011 7.40% 5.06%
2010 8.17% 5.60% 10.22%
2009 8.43% 6.30%
2008 7.86% 5.71%
2007 7.87% 5.08%
2006 7.70% 5.57%

Rent as a Fraction of Income

Using median household income data for Benton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Benton County, median monthly gross rent as a fraction of median household income was 20.93% in 2017 according to the ACS.

Benton County Oregon Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Oregon 21.50% +0.33% -0.21%
Benton County OR 20.93% -1.57% +0.51%

Trends in Benton County OR Rent as a Fraction of Income

The fraction of median Benton County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.50%. Since then it has fallen by 1.57% to 20.93%.

Fraction of Income towards Rent: Benton County OR, Oregon, US

Percent of median household income going towards median monthly gross rent in Benton County Oregon

Historical Data for Annual Rent as a Fraction of Income in Benton County Oregon

Date US Oregon Benton County OR
2017 20.13% 21.50% 20.93%
2016 20.43% 21.17% 22.50%
2015 20.63% 20.90% 20.09%
2014 20.89% 21.71% 20.42%
2013 20.78% 21.18% 21.06%
2012 20.65% 21.04% 19.13%
2011 20.70% 21.53% 21.73%
2010 20.50% 21.03% 19.08%
2009 20.12% 20.28% 20.39%
2008 19.00% 18.66% 15.48%
2007 18.66% 18.30% 18.06%
2006 18.90% 18.53% 17.93%

Renter Fraction in Benton County Oregon

You can calculate the renter fraction in Benton 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 Benton County as a fraction of total Benton County households. In 2017 44.64% of households were renters according to Census ACS data.

Benton County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Oregon 37.20% -1.11% -2.08%
Benton County OR 44.64% +3.17% -0.77%

Trends in the Benton County OR Renter Fraction

The Benton County household renter fraction peaked in in 2014 at 45.41% and is now 0.77% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Benton County OR, Oregon, US

Fraction of renters in Benton County

History of Benton County Renter Fraction

Date US Oregon Benton County OR
2017 36.13% 37.20% 44.64%
2016 36.88% 38.31% 41.47%
2015 36.97% 38.91% 41.81%
2014 36.90% 39.28% 45.41%
2013 36.50% 39.17% 42.73%
2012 36.09% 38.44% 42.43%
2011 35.42% 39.22% 43.83%
2010 34.65% 37.45% 40.92%
2009 34.13% 36.95% 44.22%
2008 33.36% 35.66% 42.03%
2007 32.80% 35.41% 43.47%
2006 32.73% 35.22% 45.10%

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.