Department of Numbers

Augusta County Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Augusta County VA was $840 in 2017 according to the Census ACS survey.1 Average gross rent in Augusta County was $859 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 Augusta County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Augusta County Virginia (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Virginia Median Gross Rent $1,179 +0.17% +3.15%
Augusta County VA Median Gross Rent $840 +7.28% -7.69%

Augusta County VA Real Gross Rent Trends

Median gross rent for Augusta County peaked in real terms in 2015 at $940 and is now $100 (10.64%) lower. Average gross rent for Augusta County peaked in real terms in 2015 at $913 and is now $54 (5.91%) lower.

Real Gross Rent: Augusta County VA Median, Augusta County VA Average, Virginia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Augusta County

Date US
Median
Virginia
Median
Augusta County VA
Median
Augusta County VA
Average
2017 $1,012 $1,179 $840 $859
2016 $996 $1,177 $783 $771
2015 $987 $1,177 $940 $913
2014 $956 $1,143 $910 $875
2013 $924 $1,109 $714 $722
2012 $912 $1,102 $870 $727
2011 $912 $1,112 $714 $703
2010 $927 $1,104 $766 $627
2009 $931 $1,093 $807 $696
2008 $947 $1,073 $768 $689
2007 $899 $1,016 $784 $773
2006 $909 $1,008 $679 $612

Augusta County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Augusta County Virginia was 13.83% according to Census ACS data.

Rental Vacancy Rate in Augusta County Virginia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Virginia 6.45% +0.86% +0.66%
Augusta County VA

Trends in Augusta County VA Rental Vacancy Rate

At 13.83%, Augusta County residential rental vacancy rate in 2013 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Augusta County VA, Virginia, US

Rental vacancy rate in Virginia

Historical Rental Vacancy Rate data for Augusta County

Date US Virginia Augusta County VA
2017 6.18% 6.45%
2016 5.89% 5.59%
2015 5.85% 5.13%
2014 6.32% 5.79%
2013 6.49% 6.38% 13.83%
2012 6.77% 6.18%
2011 7.40% 7.54%
2010 8.17% 7.02%
2009 8.43% 7.29%
2008 7.86% 6.82% 7.53%
2007 7.87% 7.11%
2006 7.70% 6.88%

Rent as a Fraction of Income

Using median household income data for Augusta County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Augusta County, median monthly gross rent as a fraction of median household income was 17.68% in 2017 according to the ACS.

Augusta County Virginia Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Virginia 19.78% -0.64% -0.86%
Augusta County VA 17.68% +0.96% -0.61%

Trends in Augusta County VA Rent as a Fraction of Income

The fraction of median Augusta County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.40%. Since then it has fallen by 3.72% to 17.68%.

Fraction of Income towards Rent: Augusta County VA, Virginia, US

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

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

Date US Virginia Augusta County VA
2017 20.13% 19.78% 17.68%
2016 20.43% 20.42% 16.72%
2015 20.63% 20.72% 19.32%
2014 20.89% 20.63% 18.29%
2013 20.78% 20.80% 15.17%
2012 20.65% 20.76% 21.40%
2011 20.70% 20.59% 17.29%
2010 20.50% 20.15% 17.00%
2009 20.12% 20.00% 17.59%
2008 19.00% 18.30% 16.19%
2007 18.66% 17.97% 16.72%
2006 18.90% 18.04% 15.13%

Renter Fraction in Augusta County Virginia

You can calculate the renter fraction in Augusta 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 Augusta County as a fraction of total Augusta County households. In 2017 21.72% of households were renters according to Census ACS data.

Augusta County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Virginia 33.43% -1.28% -1.24%
Augusta County VA 21.72% +1.77% +0.97%

Trends in the Augusta County VA Renter Fraction

The Augusta County household renter fraction peaked in in 2015 at 23.97% and is now 2.25% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Augusta County VA, Virginia, US

Fraction of renters in Augusta County

History of Augusta County Renter Fraction

Date US Virginia Augusta County VA
2017 36.13% 33.43% 21.72%
2016 36.88% 34.71% 19.95%
2015 36.97% 34.99% 23.97%
2014 36.90% 34.67% 20.75%
2013 36.50% 34.38% 20.29%
2012 36.09% 33.84% 18.46%
2011 35.42% 32.67% 17.91%
2010 34.65% 32.33% 17.85%
2009 34.13% 31.87% 20.82%
2008 33.36% 31.30% 17.85%
2007 32.80% 30.49% 20.24%
2006 32.73% 30.11% 21.36%

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.