Department of Numbers

Frederick County Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Frederick County VA was $1,060 in 2017 according to the Census ACS survey.1 Average gross rent in Frederick County was $981 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 Frederick County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Frederick 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%
Frederick County VA Median Gross Rent $1,060 -14.65% -0.66%

Frederick County VA Real Gross Rent Trends

Median gross rent for Frederick County peaked in real terms in 2007 at $1,248 and is now $188 (15.06%) lower. From a recent low of 991.0 in 2015, real median gross rent has now increased by $69 (6.96%). Average gross rent for Frederick County peaked in real terms in 2007 at $1,210 and is now $229 (18.93%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Frederick County

Date US
Median
Virginia
Median
Frederick County VA
Median
Frederick County VA
Average
2017 $1,012 $1,179 $1,060 $981
2016 $996 $1,177 $1,242 $1,101
2015 $987 $1,177 $991 $1,078
2014 $956 $1,143 $1,067 $1,038
2013 $924 $1,109 $1,110 $1,092
2012 $912 $1,102 $1,014 $941
2011 $912 $1,112 $1,094 $1,045
2010 $927 $1,104 $1,083 $1,090
2009 $931 $1,093 $1,195 $1,066
2008 $947 $1,073 $1,119 $1,074
2007 $899 $1,016 $1,248 $1,210
2006 $909 $1,008 $1,081 $941

Historical Rental Vacancy Rate data for Frederick County

Date US Virginia Frederick 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%
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%
2007 7.87% 7.11%
2006 7.70% 6.88%

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 17.57% in 2017 according to the ACS.

Frederick 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%
Frederick County VA 17.57% -3.45% -1.33%

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 3.45% to 17.57%.

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

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

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

Date US Virginia Frederick County VA
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%
2008 19.00% 18.30% 19.02%
2007 18.66% 17.97% 19.87%
2006 18.90% 18.04% 19.73%

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 2017 23.39% of households were renters according to Census ACS data.

Frederick 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%
Frederick County VA 23.39% +4.47% -0.22%

Trends in the Frederick County VA Renter Fraction

The Frederick County household renter fraction peaked in in 2009 at 24.98% and is now 1.59% below that level. From a recent low of 18.92% in 2016, the household based renter fraction has now grown by 4.47%. The origin year for the series is 2005.

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

Fraction of renters in Frederick County

History of Frederick County Renter Fraction

Date US Virginia Frederick County VA
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%
2008 33.36% 31.30% 20.02%
2007 32.80% 30.49% 20.08%
2006 32.73% 30.11% 19.10%

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.