Department of Numbers

Loudoun County Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Loudoun County VA was $1,876 in 2019 according to the Census ACS survey.1 Average gross rent in Loudoun County was $1,860 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 Loudoun County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Loudoun 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%
Loudoun County VA Median Gross Rent $1,876 +0.32% +2.07%

Loudoun County VA Real Gross Rent Trends

Median gross rent for Loudoun County peaked in real terms in 2017 at $1,915 and is now $39 (2.04%) lower. Average gross rent for Loudoun County peaked in real terms in 2017 at $1,876 and is now $16 (0.85%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Loudoun County

Date US
Median
Virginia
Median
Loudoun County VA
Median
Loudoun County VA
Average
2019 $1,097 $1,254 $1,876 $1,860
2018 $1,077 $1,237 $1,870 $1,832
2017 $1,043 $1,216 $1,915 $1,876
2016 $1,027 $1,214 $1,838 $1,815
2015 $1,017 $1,214 $1,778 $1,772
2014 $986 $1,178 $1,767 $1,780
2013 $953 $1,144 $1,714 $1,664
2012 $940 $1,136 $1,732 $1,721
2011 $941 $1,147 $1,653 $1,683
2010 $955 $1,139 $1,759 $1,753
2009 $960 $1,127 $1,771 $1,752

more history ...

Loudoun County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Loudoun County Virginia was 7.11% according to Census ACS data.

Rental Vacancy Rate in Loudoun County Virginia

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Virginia 5.53% +0.36% -0.06%
Loudoun County VA 7.11% +1.95%

Trends in Loudoun County VA Rental Vacancy Rate

The rental vacancy rate in Loudoun County peaked in 2006 at 23.40%. Since then it has fallen by 16.29% to 7.11%. Data records for this series originated in 2005. From a 2010 post peak low of 2.06%, the rental vacancy rate has increased by 5.05%.

Rental Vacancy Rate: Loudoun County VA, Virginia, US

Rental vacancy rate in Virginia

Historical Rental Vacancy Rate data for Loudoun County

Date US Virginia Loudoun County VA
2019 5.97% 5.53% 7.11%
2018 6.15% 5.17%
2017 6.18% 6.45% 2.14%
2016 5.89% 5.59% 5.16%
2015 5.85% 5.13% 6.09%
2014 6.32% 5.79% 2.22%
2013 6.49% 6.38% 3.43%
2012 6.77% 6.18% 5.56%
2011 7.40% 7.54% 3.43%
2010 8.17% 7.02% 2.06%
2009 8.43% 7.29% 5.95%

more history ...

Rent as a Fraction of Income

Using median household income data for Loudoun County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Loudoun County, median monthly gross rent as a fraction of median household income was 14.83% in 2019 according to the ACS.

Loudoun 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%
Loudoun County VA 14.83% -0.93% -0.83%

Trends in Loudoun County VA Rent as a Fraction of Income

The fraction of median Loudoun County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 16.72%. Since then it has fallen by 1.89% to 14.83%.

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

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

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

Date US Virginia Loudoun County VA
2019 20.03% 19.68% 14.83%
2018 20.50% 20.09% 15.76%
2017 20.13% 19.78% 16.40%
2016 20.43% 20.42% 15.66%
2015 20.63% 20.72% 16.09%
2014 20.89% 20.63% 16.43%
2013 20.78% 20.80% 16.72%
2012 20.65% 20.76% 16.57%
2011 20.70% 20.59% 15.41%
2010 20.50% 20.15% 15.80%
2009 20.12% 20.00% 16.33%

more history ...

Renter Fraction in Loudoun County Virginia

You can calculate the renter fraction in Loudoun 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 Loudoun County as a fraction of total Loudoun County households. In 2019 22.61% of households were renters according to Census ACS data.

Loudoun 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%
Loudoun County VA 22.61% -2.14% +1.78%

Trends in the Loudoun County VA Renter Fraction

The Loudoun County household renter fraction peaked in in 2013 at 25.08% and is now 2.47% below that level. The origin year for the series is 2005.

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

Fraction of renters in Loudoun County

History of Loudoun County Renter Fraction

Date US Virginia Loudoun County VA
2019 35.89% 33.87% 22.61%
2018 36.05% 34.08% 24.75%
2017 36.13% 33.43% 21.89%
2016 36.88% 34.71% 20.83%
2015 36.97% 34.99% 21.63%
2014 36.90% 34.67% 24.17%
2013 36.50% 34.38% 25.08%
2012 36.09% 33.84% 20.91%
2011 35.42% 32.67% 23.16%
2010 34.65% 32.33% 21.71%
2009 34.13% 31.87% 21.01%

more history ...

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.