Department of Numbers

Utah County Utah Residential Rent and Rental Statistics

The median monthly gross residential rent in Utah County UT was $1,015 in 2017 according to the Census ACS survey.1 Average gross rent in Utah County was $1,064 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 Utah County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Utah County Utah (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Utah Median Gross Rent $986 +1.75% +8.71%
Utah County UT Median Gross Rent $1,015 +6.17% +12.15%

Utah County UT Real Gross Rent Trends

At $1,015, real median gross rent in Utah County was at its highest level in 2017 since the series began in 2005. At $1,064, real average gross rent in Utah County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Utah County UT Median, Utah County UT Average, Utah Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Utah County

Date US
Median
Utah
Median
Utah County UT
Median
Utah County UT
Average
2017 $1,012 $986 $1,015 $1,064
2016 $996 $969 $956 $1,020
2015 $987 $952 $986 $1,005
2014 $956 $907 $905 $946
2013 $924 $900 $907 $956
2012 $912 $878 $881 $916
2011 $912 $861 $859 $906
2010 $927 $863 $865 $919
2009 $931 $877 $892 $986
2008 $947 $901 $891 $944
2007 $899 $835 $818 $865
2006 $909 $830 $801 $854

Utah 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 Utah County Utah was 5.50% according to Census ACS data.

Rental Vacancy Rate in Utah County Utah

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Utah 6.15% -0.09% +0.88%
Utah County UT 5.50% +0.78% +3.97%

Trends in Utah County UT Rental Vacancy Rate

The rental vacancy rate in Utah County peaked in 2005 at 7.73%. Since then it has fallen by 2.23% to 5.50%. Data records for this series originated in 2005. From a 2014 post peak low of 1.53%, the rental vacancy rate has increased by 3.97%.

Rental Vacancy Rate: Utah County UT, Utah, US

Rental vacancy rate in Utah

Historical Rental Vacancy Rate data for Utah County

Date US Utah Utah County UT
2017 6.18% 6.15% 5.50%
2016 5.89% 6.24% 4.72%
2015 5.85% 4.81% 3.00%
2014 6.32% 5.27% 1.53%
2013 6.49% 5.96% 3.47%
2012 6.77% 5.89% 3.66%
2011 7.40% 5.36% 2.15%
2010 8.17% 6.59% 4.09%
2009 8.43% 6.49% 2.30%
2008 7.86% 5.32% 4.54%
2007 7.87% 5.59% 5.74%
2006 7.70% 6.21% 4.76%

Rent as a Fraction of Income

Using median household income data for Utah County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Utah County, median monthly gross rent as a fraction of median household income was 17.30% in 2017 according to the ACS.

Utah County Utah Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Utah 17.31% -0.04% -0.14%
Utah County UT 17.30% +1.12% -0.11%

Trends in Utah County UT Rent as a Fraction of Income

The fraction of median Utah County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 17.71%. Since then it has fallen by 0.41% to 17.30%.

Fraction of Income towards Rent: Utah County UT, Utah, US

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

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

Date US Utah Utah County UT
2017 20.13% 17.31% 17.30%
2016 20.43% 17.35% 16.18%
2015 20.63% 17.64% 17.55%
2014 20.89% 17.45% 17.41%
2013 20.78% 17.69% 17.71%
2012 20.65% 17.90% 17.54%
2011 20.70% 17.66% 16.79%
2010 20.50% 17.45% 17.64%
2009 20.12% 17.27% 16.77%
2008 19.00% 16.61% 15.55%
2007 18.66% 15.96% 15.01%
2006 18.90% 16.30% 15.98%

Renter Fraction in Utah County Utah

You can calculate the renter fraction in Utah 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 Utah County as a fraction of total Utah County households. In 2017 33.60% of households were renters according to Census ACS data.

Utah County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Utah 30.13% +0.03% -0.71%
Utah County UT 33.60% +0.68% +0.65%

Trends in the Utah County UT Renter Fraction

The Utah County household renter fraction peaked in in 2013 at 34.10% and is now 0.50% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Utah County UT, Utah, US

Fraction of renters in Utah County

History of Utah County Renter Fraction

Date US Utah Utah County UT
2017 36.13% 30.13% 33.60%
2016 36.88% 30.10% 32.92%
2015 36.97% 31.12% 32.84%
2014 36.90% 30.84% 32.95%
2013 36.50% 30.78% 34.10%
2012 36.09% 30.38% 33.12%
2011 35.42% 30.62% 33.93%
2010 34.65% 30.10% 30.70%
2009 34.13% 28.50% 29.96%
2008 33.36% 28.28% 28.44%
2007 32.80% 28.27% 29.53%
2006 32.73% 28.02% 31.96%

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.