Department of Numbers

Washington County Rhode Island Residential Rent and Rental Statistics

The median monthly gross residential rent in Washington County RI was $1,020 in 2017 according to the Census ACS survey.1 Average gross rent in Washington County was $971 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 Washington County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Washington County Rhode Island (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Rhode Island Median Gross Rent $941 -2.28% -1.57%
Washington County RI Median Gross Rent $1,020 -9.17% -2.86%

Washington County RI Real Gross Rent Trends

Median gross rent for Washington County peaked in real terms in 2016 at $1,123 and is now $103 (9.17%) lower. Average gross rent for Washington County peaked in real terms in 2015 at $1,131 and is now $160 (14.15%) lower.

Real Gross Rent: Washington County RI Median, Washington County RI Average, Rhode Island Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Washington County

Date US
Median
Rhode Island
Median
Washington County RI
Median
Washington County RI
Average
2017 $1,012 $941 $1,020 $971
2016 $996 $963 $1,123 $1,081
2015 $987 $965 $1,115 $1,131
2014 $956 $956 $1,050 $1,018
2013 $924 $938 $1,090 $1,072
2012 $912 $906 $1,001 $960
2011 $912 $917 $1,062 $1,101
2010 $927 $941 $1,025 $994
2009 $931 $984 $990 $984
2008 $947 $976 $1,036 $1,012
2007 $899 $946 $975 $964
2006 $909 $1,000 $1,080 $1,106

Washington 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 Washington County Rhode Island was 3.94% according to Census ACS data.

Rental Vacancy Rate in Washington County Rhode Island

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Rhode Island 4.87% +0.30% -1.31%
Washington County RI 3.94% +0.36%

Trends in Washington County RI Rental Vacancy Rate

The rental vacancy rate in Washington County peaked in 2009 at 14.15%. Since then it has fallen by 10.21% to 3.94%. Data records for this series originated in 2005. From a 2012 post peak low of 3.54%, the rental vacancy rate has increased by 0.40%.

Rental Vacancy Rate: Washington County RI, Rhode Island, US

Rental vacancy rate in Rhode Island

Historical Rental Vacancy Rate data for Washington County

Date US Rhode Island Washington County RI
2017 6.18% 4.87% 3.94%
2016 5.89% 4.57%
2015 5.85% 6.43% 5.02%
2014 6.32% 6.18% 3.58%
2013 6.49% 6.98%
2012 6.77% 5.52% 3.54%
2011 7.40% 5.80%
2010 8.17% 9.47% 4.41%
2009 8.43% 6.80% 14.15%
2008 7.86% 7.42% 7.85%
2007 7.87% 7.77% 5.41%
2006 7.70% 7.25% 4.13%

Rent as a Fraction of Income

Using median household income data for Washington County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Washington County, median monthly gross rent as a fraction of median household income was 15.42% in 2017 according to the ACS.

Washington County Rhode Island Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Rhode Island 17.68% -1.09% -2.74%
Washington County RI 15.42% -1.64% -1.85%

Trends in Washington County RI Rent as a Fraction of Income

The fraction of median Washington County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.18%. Since then it has fallen by 2.76% to 15.42%.

Fraction of Income towards Rent: Washington County RI, Rhode Island, US

Percent of median household income going towards median monthly gross rent in Washington County Rhode Island

Historical Data for Annual Rent as a Fraction of Income in Washington County Rhode Island

Date US Rhode Island Washington County RI
2017 20.13% 17.68% 15.42%
2016 20.43% 18.77% 17.06%
2015 20.63% 19.38% 17.95%
2014 20.89% 20.42% 17.27%
2013 20.78% 19.71% 18.18%
2012 20.65% 19.31% 16.48%
2011 20.70% 19.58% 17.50%
2010 20.50% 19.93% 16.18%
2009 20.12% 19.73% 15.56%
2008 19.00% 18.31% 14.70%
2007 18.66% 18.59% 15.16%
2006 18.90% 19.45% 16.43%

Renter Fraction in Washington County Rhode Island

You can calculate the renter fraction in Washington 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 Washington County as a fraction of total Washington County households. In 2017 26.48% of households were renters according to Census ACS data.

Washington County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Rhode Island 39.15% -2.82% -2.05%
Washington County RI 26.48% +0.45% +2.06%

Trends in the Washington County RI Renter Fraction

The Washington County household renter fraction peaked in in 2015 at 29.94% and is now 3.46% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Washington County RI, Rhode Island, US

Fraction of renters in Washington County

History of Washington County Renter Fraction

Date US Rhode Island Washington County RI
2017 36.13% 39.15% 26.48%
2016 36.88% 41.97% 26.03%
2015 36.97% 40.95% 29.94%
2014 36.90% 41.20% 24.42%
2013 36.50% 39.61% 29.39%
2012 36.09% 40.01% 28.15%
2011 35.42% 39.42% 23.89%
2010 34.65% 39.22% 25.01%
2009 34.13% 36.59% 20.16%
2008 33.36% 37.58% 24.20%
2007 32.80% 36.40% 22.50%
2006 32.73% 37.01% 28.06%

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.