York Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in York, PA (the York-Hanover metro area) was $950 in 2019 according to the Census ACS survey.1 Average gross rent in York was $944 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 York median and average rent data will be released in September of 2021.
Data is also available below for York rental vacancy rates, York rent as a percent of median income and the fraction of renters in York.
Real Gross Rent in York Pennsylvania (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Pennsylvania Median Gross Rent | $951 | +0.74% | +3.03% |
| York, PA Median Gross Rent | $950 | +0.32% | +2.59% |
York, PA Real Gross Rent Trends
Median gross rent for York peaked in real terms in 2017 at $984 and is now $34 (3.46%) lower. Average gross rent for York peaked in real terms in 2017 at $959 and is now $15 (1.56%) lower.
Real Gross Rent in York: York PA Median, York PA Average, Pennsylvania Median, US Median
Real Gross Rent History for York
| Date | US Median |
Pennsylvania Median |
York, PA Median |
York, PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $950 | $944 |
| 2018 | $1,077 | $944 | $947 | $957 |
| 2017 | $1,043 | $921 | $984 | $959 |
| 2016 | $1,027 | $923 | $926 | $903 |
| 2015 | $1,017 | $921 | $944 | $894 |
| 2014 | $986 | $895 | $904 | $896 |
| 2013 | $953 | $872 | $878 | $855 |
| 2012 | $940 | $849 | $846 | $851 |
| 2011 | $941 | $849 | $854 | $840 |
| 2010 | $955 | $853 | $889 | $884 |
| 2009 | $960 | $841 | $849 | $847 |
| 2007 | $927 | $805 | $821 | $832 |
| 2005 | $910 | $809 | $785 | $773 |
York Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for York Pennsylvania was 3.11% according to Census ACS data.
Rental Vacancy Rate in York Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| York, PA | 3.11% | -0.96% | -2.02% |
Trends in York, PA Rental Vacancy Rate
The rental vacancy rate in York peaked in 2006 at 6.69%. Since then it has fallen by 3.58% to 3.11%. Data records for this series originated in 2005. From a 2014 post peak low of 3.05%, the rental vacancy rate has increased by 0.06%.
Rental Vacancy Rate: York PA, Pennsylvania, US
Historical Rental Vacancy Rate data for York
| Date | US | Pennsylvania | York, PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 3.11% |
| 2018 | 6.15% | 5.29% | 4.07% |
| 2017 | 6.18% | 5.84% | 4.82% |
| 2016 | 5.89% | 5.77% | 5.13% |
| 2015 | 5.85% | 5.77% | 6.69% |
| 2014 | 6.32% | 6.40% | 3.05% |
| 2013 | 6.49% | 5.78% | 5.53% |
| 2012 | 6.77% | 5.88% | 4.40% |
| 2011 | 7.40% | 6.13% | 3.93% |
| 2010 | 8.17% | 6.47% | 4.45% |
| 2009 | 8.43% | 6.80% | 6.50% |
| 2007 | 7.87% | 7.34% | 6.55% |
| 2005 | 7.74% | 7.94% | 5.56% |
Rent as a Fraction of Income
Using median household income data for York, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For York, median monthly gross rent as a fraction of median household income was 16.48% in 2019 according to the ACS.
York Pennsylvania Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Pennsylvania | 17.98% | -0.28% | -0.60% |
| York, PA | 16.48% | -0.63% | -0.50% |
Trends in York, PA Rent as a Fraction of Income
The fraction of median York household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 18.28%. Since then it has fallen by 1.80% to 16.48%.
Fraction of Income towards Rent: York PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in York Pennsylvania
| Date | US | Pennsylvania | York, PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 16.48% |
| 2018 | 20.50% | 18.26% | 17.11% |
| 2017 | 20.13% | 18.10% | 18.02% |
| 2016 | 20.43% | 18.58% | 16.98% |
| 2015 | 20.63% | 18.70% | 18.28% |
| 2014 | 20.89% | 19.12% | 17.53% |
| 2013 | 20.78% | 19.11% | 17.54% |
| 2012 | 20.65% | 18.69% | 17.14% |
| 2011 | 20.70% | 18.78% | 17.09% |
| 2010 | 20.50% | 18.58% | 16.95% |
| 2009 | 20.12% | 17.88% | 15.68% |
| 2007 | 18.66% | 16.92% | 15.22% |
| 2005 | 18.89% | 17.43% | 15.41% |
Renter Fraction in York Pennsylvania
You can calculate the renter fraction in York 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 York as a fraction of total York households. In 2019 24.95% of households were renters according to Census ACS data.
York Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Pennsylvania | 31.59% | +0.19% | +0.09% |
| York, PA | 24.95% | +0.10% | +0.82% |
Trends in the York, PA Renter Fraction
The York household renter fraction peaked in in 2013 at 26.87% and is now 1.92% below that level. The origin year for the series is 2005.
Fraction of Renting Households: York PA, Pennsylvania, US
History of York Renter Fraction
| Date | US | Pennsylvania | York, PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 24.95% |
| 2018 | 36.05% | 31.40% | 24.85% |
| 2017 | 36.13% | 31.70% | 26.29% |
| 2016 | 36.88% | 31.50% | 24.13% |
| 2015 | 36.97% | 31.28% | 26.22% |
| 2014 | 36.90% | 31.17% | 25.00% |
| 2013 | 36.50% | 31.05% | 26.87% |
| 2012 | 36.09% | 31.09% | 25.64% |
| 2011 | 35.42% | 30.51% | 25.77% |
| 2010 | 34.65% | 29.87% | 23.12% |
| 2009 | 34.13% | 29.48% | 23.68% |
| 2007 | 32.80% | 28.36% | 22.20% |
| 2005 | 33.10% | 28.52% | 23.30% |
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. ↩
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