Frederick County Virginia Residential Rent and Rental Statistics
The median monthly gross residential rent in Frederick County VA was $1,128 in 2019 according to the Census ACS survey.1 Average gross rent in Frederick County was $1,130 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 Frederick County median and average rent data will be released in September of 2021.
Data is also available below for Frederick County rental vacancy rates, Frederick County rent as a percent of median income and the fraction of renters in Frederick County.
Real Gross Rent in Frederick County Virginia (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Virginia Median Gross Rent | $1,254 | +1.37% | +3.29% |
| Frederick County VA Median Gross Rent | $1,128 | +0.89% | -11.94% |
Frederick County VA Real Gross Rent Trends
Median gross rent for Frederick County peaked in real terms in 2007 at $1,286 and is now $158 (12.29%) lower. From a recent low of 1022.0 in 2015, real median gross rent has now increased by $106 (10.37%). Average gross rent for Frederick County peaked in real terms in 2007 at $1,248 and is now $118 (9.46%) lower.
Real Gross Rent: Frederick County VA Median, Frederick County VA Average, Virginia Median, US Median
Real Gross Rent History for Frederick County
| Date | US Median |
Virginia Median |
Frederick County VA Median |
Frederick County VA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,254 | $1,128 | $1,130 |
| 2018 | $1,077 | $1,237 | $1,118 | $1,143 |
| 2017 | $1,043 | $1,216 | $1,093 | $1,011 |
| 2016 | $1,027 | $1,214 | $1,281 | $1,135 |
| 2015 | $1,017 | $1,214 | $1,022 | $1,112 |
| 2014 | $986 | $1,178 | $1,100 | $1,071 |
| 2013 | $953 | $1,144 | $1,145 | $1,126 |
| 2012 | $940 | $1,136 | $1,046 | $970 |
| 2011 | $941 | $1,147 | $1,128 | $1,078 |
| 2010 | $955 | $1,139 | $1,116 | $1,124 |
| 2009 | $960 | $1,127 | $1,232 | $1,099 |
| 2007 | $927 | $1,048 | $1,286 | $1,248 |
| 2005 | $910 | $1,015 | $1,129 | $1,030 |
Historical Rental Vacancy Rate data for Frederick County
| Date | US | Virginia | Frederick County VA |
|---|---|---|---|
| 2019 | 5.97% | 5.53% | — |
| 2018 | 6.15% | 5.17% | — |
| 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% | — |
| 2012 | 6.77% | 6.18% | — |
| 2011 | 7.40% | 7.54% | — |
| 2010 | 8.17% | 7.02% | — |
| 2009 | 8.43% | 7.29% | — |
| 2007 | 7.87% | 7.11% | — |
| 2005 | 7.74% | 7.20% | — |
Rent as a Fraction of Income
Using median household income data for Frederick County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Frederick County, median monthly gross rent as a fraction of median household income was 15.70% in 2019 according to the ACS.
Frederick County Virginia Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Virginia | 19.68% | -0.41% | -0.74% |
| Frederick County VA | 15.70% | -0.58% | -5.32% |
Trends in Frederick County VA Rent as a Fraction of Income
The fraction of median Frederick County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 21.02%. Since then it has fallen by 5.32% to 15.70%.
Fraction of Income towards Rent: Frederick County VA, Virginia, US
Historical Data for Annual Rent as a Fraction of Income in Frederick County Virginia
| Date | US | Virginia | Frederick County VA |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 15.70% |
| 2018 | 20.50% | 20.09% | 16.28% |
| 2017 | 20.13% | 19.78% | 17.57% |
| 2016 | 20.43% | 20.42% | 21.02% |
| 2015 | 20.63% | 20.72% | 16.05% |
| 2014 | 20.89% | 20.63% | 18.90% |
| 2013 | 20.78% | 20.80% | 18.81% |
| 2012 | 20.65% | 20.76% | 17.53% |
| 2011 | 20.70% | 20.59% | 18.12% |
| 2010 | 20.50% | 20.15% | 18.93% |
| 2009 | 20.12% | 20.00% | 20.99% |
| 2007 | 18.66% | 17.97% | 19.87% |
| 2005 | 18.89% | 17.96% | 18.28% |
Renter Fraction in Frederick County Virginia
You can calculate the renter fraction in Frederick 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 Frederick County as a fraction of total Frederick County households. In 2019 22.76% of households were renters according to Census ACS data.
Frederick County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Virginia | 33.87% | -0.21% | -0.84% |
| Frederick County VA | 22.76% | +1.58% | +3.84% |
Trends in the Frederick County VA Renter Fraction
The Frederick County household renter fraction peaked in in 2009 at 24.98% and is now 2.22% below that level. From a recent low of 18.92% in 2016, the household based renter fraction has now grown by 3.84%. The origin year for the series is 2005.
Fraction of Renting Households: Frederick County VA, Virginia, US
History of Frederick County Renter Fraction
| Date | US | Virginia | Frederick County VA |
|---|---|---|---|
| 2019 | 35.89% | 33.87% | 22.76% |
| 2018 | 36.05% | 34.08% | 21.18% |
| 2017 | 36.13% | 33.43% | 23.39% |
| 2016 | 36.88% | 34.71% | 18.92% |
| 2015 | 36.97% | 34.99% | 21.55% |
| 2014 | 36.90% | 34.67% | 23.61% |
| 2013 | 36.50% | 34.38% | 22.97% |
| 2012 | 36.09% | 33.84% | 21.70% |
| 2011 | 35.42% | 32.67% | 19.87% |
| 2010 | 34.65% | 32.33% | 23.72% |
| 2009 | 34.13% | 31.87% | 24.98% |
| 2007 | 32.80% | 30.49% | 20.08% |
| 2005 | 33.10% | 30.36% | 22.25% |
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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