Department of Numbers

Lycoming County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Lycoming County PA was $754 in 2017 according to the Census ACS survey.1 Average gross rent in Lycoming County was $741 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 Lycoming County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Lycoming 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%
Lycoming County PA Median Gross Rent $754 -4.68% -0.66%

Lycoming County PA Real Gross Rent Trends

Median gross rent for Lycoming County peaked in real terms in 2016 at $791 and is now $37 (4.68%) lower. Average gross rent for Lycoming County peaked in real terms in 2016 at $783 and is now $42 (5.36%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lycoming County

Date US
Median
Pennsylvania
Median
Lycoming County PA
Median
Lycoming County PA
Average
2017 $1,012 $893 $754 $741
2016 $996 $895 $791 $783
2015 $987 $893 $777 $753
2014 $956 $868 $759 $745
2013 $924 $846 $732 $693
2012 $912 $823 $734 $719
2011 $912 $823 $679 $700
2010 $927 $827 $652 $626
2009 $931 $816 $660 $650
2008 $947 $834 $654 $685
2007 $899 $781 $660 $630
2006 $909 $791 $669 $666

Lycoming 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 Lycoming County Pennsylvania was 12.30% according to Census ACS data.

Rental Vacancy Rate in Lycoming County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Lycoming County PA 12.30% +1.75% +7.43%

Trends in Lycoming County PA Rental Vacancy Rate

At 12.30%, Lycoming County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Lycoming County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Lycoming County

Date US Pennsylvania Lycoming County PA
2017 6.18% 5.84% 12.30%
2016 5.89% 5.77% 10.55%
2015 5.85% 5.77% 7.26%
2014 6.32% 6.40% 4.87%
2013 6.49% 5.78%
2012 6.77% 5.88% 3.35%
2011 7.40% 6.13%
2010 8.17% 6.47% 4.30%
2009 8.43% 6.80% 4.65%
2008 7.86% 6.65% 7.63%
2007 7.87% 7.34% 3.40%
2006 7.70% 8.09% 4.45%

Rent as a Fraction of Income

Using median household income data for Lycoming County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lycoming County, median monthly gross rent as a fraction of median household income was 17.77% in 2017 according to the ACS.

Lycoming 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%
Lycoming County PA 17.77% -1.28% -1.92%

Trends in Lycoming County PA Rent as a Fraction of Income

The fraction of median Lycoming County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.69%. Since then it has fallen by 1.92% to 17.77%.

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

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

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

Date US Pennsylvania Lycoming County PA
2017 20.13% 18.10% 17.77%
2016 20.43% 18.58% 19.06%
2015 20.63% 18.70% 17.61%
2014 20.89% 19.12% 19.69%
2013 20.78% 19.11% 18.16%
2012 20.65% 18.69% 18.67%
2011 20.70% 18.78% 18.34%
2010 20.50% 18.58% 17.60%
2009 20.12% 17.88% 17.92%
2008 19.00% 17.18% 16.22%
2007 18.66% 16.92% 16.66%
2006 18.90% 17.22% 17.33%

Renter Fraction in Lycoming County Pennsylvania

You can calculate the renter fraction in Lycoming 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 Lycoming County as a fraction of total Lycoming County households. In 2017 31.28% of households were renters according to Census ACS data.

Lycoming 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%
Lycoming County PA 31.28% -0.65% +0.22%

Trends in the Lycoming County PA Renter Fraction

The Lycoming County household renter fraction peaked in in 2010 at 32.26% and is now 0.98% below that level. From a recent low of 27.76% in 2013, the household based renter fraction has now grown by 3.52%. The origin year for the series is 2005.

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

Fraction of renters in Lycoming County

History of Lycoming County Renter Fraction

Date US Pennsylvania Lycoming County PA
2017 36.13% 31.70% 31.28%
2016 36.88% 31.50% 31.93%
2015 36.97% 31.28% 30.85%
2014 36.90% 31.17% 31.06%
2013 36.50% 31.05% 27.76%
2012 36.09% 31.09% 29.47%
2011 35.42% 30.51% 31.52%
2010 34.65% 29.87% 32.26%
2009 34.13% 29.48% 31.38%
2008 33.36% 29.15% 30.55%
2007 32.80% 28.36% 29.37%
2006 32.73% 28.28% 31.44%

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.