Department of Numbers

Monroe County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Monroe County PA was $1,090 in 2017 according to the Census ACS survey.1 Average gross rent in Monroe County was $1,005 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 Monroe County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Monroe 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%
Monroe County PA Median Gross Rent $1,090 +9.33% -8.94%

Monroe County PA Real Gross Rent Trends

Median gross rent for Monroe County peaked in real terms in 2014 at $1,197 and is now $107 (8.94%) lower. Average gross rent for Monroe County peaked in real terms in 2014 at $1,143 and is now $138 (12.07%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Monroe County

Date US
Median
Pennsylvania
Median
Monroe County PA
Median
Monroe County PA
Average
2017 $1,012 $893 $1,090 $1,005
2016 $996 $895 $997 $978
2015 $987 $893 $1,005 $977
2014 $956 $868 $1,197 $1,143
2013 $924 $846 $1,053 $974
2012 $912 $823 $977 $977
2011 $912 $823 $913 $964
2010 $927 $827 $1,113 $1,028
2009 $931 $816 $1,001 $1,038
2008 $947 $834 $1,165 $1,074
2007 $899 $781 $971 $918
2006 $909 $791 $1,017 $903

Monroe 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 Monroe County Pennsylvania was 6.57% according to Census ACS data.

Rental Vacancy Rate in Monroe County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Monroe County PA 6.57% +1.56% -7.22%

Trends in Monroe County PA Rental Vacancy Rate

The rental vacancy rate in Monroe County peaked in 2014 at 13.79%. Since then it has fallen by 7.22% to 6.57%. Data records for this series originated in 2005.

Rental Vacancy Rate: Monroe County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Monroe County

Date US Pennsylvania Monroe County PA
2017 6.18% 5.84% 6.57%
2016 5.89% 5.77% 5.01%
2015 5.85% 5.77% 10.16%
2014 6.32% 6.40% 13.79%
2013 6.49% 5.78% 4.19%
2012 6.77% 5.88% 9.17%
2011 7.40% 6.13% 10.48%
2010 8.17% 6.47% 13.54%
2009 8.43% 6.80% 8.41%
2008 7.86% 6.65% 4.79%
2007 7.87% 7.34% 2.75%
2006 7.70% 8.09% 2.87%

Rent as a Fraction of Income

Using median household income data for Monroe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Monroe County, median monthly gross rent as a fraction of median household income was 21.23% in 2017 according to the ACS.

Monroe 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%
Monroe County PA 21.23% +1.62% -1.00%

Trends in Monroe County PA Rent as a Fraction of Income

The fraction of median Monroe County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.59%. Since then it has fallen by 1.36% to 21.23%.

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

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

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

Date US Pennsylvania Monroe County PA
2017 20.13% 18.10% 21.23%
2016 20.43% 18.58% 19.61%
2015 20.63% 18.70% 20.45%
2014 20.89% 19.12% 22.23%
2013 20.78% 19.11% 22.28%
2012 20.65% 18.69% 20.23%
2011 20.70% 18.78% 20.17%
2010 20.50% 18.58% 22.59%
2009 20.12% 17.88% 19.81%
2008 19.00% 17.18% 21.41%
2007 18.66% 16.92% 17.98%
2006 18.90% 17.22% 20.43%

Renter Fraction in Monroe County Pennsylvania

You can calculate the renter fraction in Monroe 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 Monroe County as a fraction of total Monroe County households. In 2017 20.66% of households were renters according to Census ACS data.

Monroe 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%
Monroe County PA 20.66% -3.73% -1.30%

Trends in the Monroe County PA Renter Fraction

The Monroe County household renter fraction peaked in in 2005 at 24.61% and is now 3.95% below that level. From a recent low of 17.33% in 2010, the household based renter fraction has now grown by 3.33%. The origin year for the series is 2005.

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

Fraction of renters in Monroe County

History of Monroe County Renter Fraction

Date US Pennsylvania Monroe County PA
2017 36.13% 31.70% 20.66%
2016 36.88% 31.50% 24.39%
2015 36.97% 31.28% 22.65%
2014 36.90% 31.17% 21.96%
2013 36.50% 31.05% 22.85%
2012 36.09% 31.09% 23.01%
2011 35.42% 30.51% 20.01%
2010 34.65% 29.87% 17.33%
2009 34.13% 29.48% 20.20%
2008 33.36% 29.15% 21.80%
2007 32.80% 28.36% 22.98%
2006 32.73% 28.28% 18.86%

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.