Department of Numbers

Fayette County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Fayette County PA was $655 in 2017 according to the Census ACS survey.1 Average gross rent in Fayette County was $552 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 Fayette County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Fayette County Pennsylvania (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Pennsylvania Median Gross Rent $893 -0.22% +2.88%
Fayette County PA Median Gross Rent $655 +2.66% +7.73%

Fayette County PA Real Gross Rent Trends

At $655, real median gross rent in Fayette County was at its highest level in 2017 since the series began in 2005. Average gross rent for Fayette County peaked in real terms in 2015 at $597 and is now $45 (7.54%) lower.

Real Gross Rent: Fayette County PA Median, Fayette County PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fayette County

Date US
Median
Pennsylvania
Median
Fayette County PA
Median
Fayette County PA
Average
2017 $1,012 $893 $655 $552
2016 $996 $895 $638 $576
2015 $987 $893 $643 $597
2014 $956 $868 $608 $540
2013 $924 $846 $584 $499
2012 $912 $823 $588 $518
2011 $912 $823 $603 $524
2010 $927 $827 $611 $553
2009 $931 $816 $548 $487
2008 $947 $834 $600 $573
2007 $899 $781 $570 $499
2006 $909 $791 $551 $482

Fayette 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 Fayette County Pennsylvania was 7.33% according to Census ACS data.

Rental Vacancy Rate in Fayette County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Fayette County PA 7.33% -3.37% +1.11%

Trends in Fayette County PA Rental Vacancy Rate

The rental vacancy rate in Fayette County peaked in 2007 at 11.63%. Since then it has fallen by 4.30% to 7.33%. Data records for this series originated in 2005. From a 2012 post peak low of 3.77%, the rental vacancy rate has increased by 3.56%.

Rental Vacancy Rate: Fayette County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Fayette County

Date US Pennsylvania Fayette County PA
2017 6.18% 5.84% 7.33%
2016 5.89% 5.77% 10.70%
2015 5.85% 5.77% 4.70%
2014 6.32% 6.40% 6.22%
2013 6.49% 5.78% 9.98%
2012 6.77% 5.88% 3.77%
2011 7.40% 6.13% 4.34%
2010 8.17% 6.47% 7.46%
2009 8.43% 6.80% 9.48%
2008 7.86% 6.65% 8.32%
2007 7.87% 7.34% 11.63%
2006 7.70% 8.09% 7.42%

Rent as a Fraction of Income

Using median household income data for Fayette County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fayette County, median monthly gross rent as a fraction of median household income was 17.79% in 2017 according to the ACS.

Fayette County Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Pennsylvania 18.10% -0.47% -1.01%
Fayette County PA 17.79% +0.32% -1.71%

Trends in Fayette County PA Rent as a Fraction of Income

The fraction of median Fayette County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.50%. Since then it has fallen by 1.71% to 17.79%.

Fraction of Income towards Rent: Fayette County PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in Fayette County Pennsylvania

Historical Data for Annual Rent as a Fraction of Income in Fayette County Pennsylvania

Date US Pennsylvania Fayette County PA
2017 20.13% 18.10% 17.79%
2016 20.43% 18.58% 17.47%
2015 20.63% 18.70% 18.52%
2014 20.89% 19.12% 19.50%
2013 20.78% 19.11% 17.64%
2012 20.65% 18.69% 16.93%
2011 20.70% 18.78% 18.65%
2010 20.50% 18.58% 18.93%
2009 20.12% 17.88% 16.62%
2008 19.00% 17.18% 18.42%
2007 18.66% 16.92% 19.14%
2006 18.90% 17.22% 17.56%

Renter Fraction in Fayette County Pennsylvania

You can calculate the renter fraction in Fayette 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 Fayette County as a fraction of total Fayette County households. In 2017 26.26% of households were renters according to Census ACS data.

Fayette County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Pennsylvania 31.70% +0.20% +0.53%
Fayette County PA 26.26% +1.14% -5.10%

Trends in the Fayette County PA Renter Fraction

The Fayette County household renter fraction peaked in in 2014 at 31.36% and is now 5.10% below that level. From a recent low of 25.12% in 2016, the household based renter fraction has now grown by 1.14%. The origin year for the series is 2005.

Fraction of Renting Households: Fayette County PA, Pennsylvania, US

Fraction of renters in Fayette County

History of Fayette County Renter Fraction

Date US Pennsylvania Fayette County PA
2017 36.13% 31.70% 26.26%
2016 36.88% 31.50% 25.12%
2015 36.97% 31.28% 25.79%
2014 36.90% 31.17% 31.36%
2013 36.50% 31.05% 28.42%
2012 36.09% 31.09% 27.30%
2011 35.42% 30.51% 29.48%
2010 34.65% 29.87% 27.28%
2009 34.13% 29.48% 27.53%
2008 33.36% 29.15% 29.80%
2007 32.80% 28.36% 25.98%
2006 32.73% 28.28% 30.65%

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.