Department of Numbers

Prince William County Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Prince William County VA was $1,658 in 2017 according to the Census ACS survey.1 Average gross rent in Prince William County was $1,632 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 Prince William County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Prince William 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%
Prince William County VA Median Gross Rent $1,658 +3.17% +2.54%

Prince William County VA Real Gross Rent Trends

At $1,658, real median gross rent in Prince William County was at its highest level in 2017 since the series began in 2005. At $1,632, real average gross rent in Prince William County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Prince William County VA Median, Prince William County VA Average, Virginia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Prince William County

Date US
Median
Virginia
Median
Prince William County VA
Median
Prince William County VA
Average
2017 $1,012 $1,179 $1,658 $1,632
2016 $996 $1,177 $1,607 $1,571
2015 $987 $1,177 $1,627 $1,602
2014 $956 $1,143 $1,617 $1,617
2013 $924 $1,109 $1,519 $1,615
2012 $912 $1,102 $1,493 $1,570
2011 $912 $1,112 $1,509 $1,568
2010 $927 $1,104 $1,478 $1,520
2009 $931 $1,093 $1,452 $1,532
2008 $947 $1,073 $1,512 $1,578
2007 $899 $1,016 $1,445 $1,509
2006 $909 $1,008 $1,429 $1,487

Prince William 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 Prince William County Virginia was 8.69% according to Census ACS data.

Rental Vacancy Rate in Prince William County Virginia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Virginia 6.45% +0.86% +0.66%
Prince William County VA 8.69% +3.65% +4.36%

Trends in Prince William County VA Rental Vacancy Rate

The rental vacancy rate in Prince William County peaked in 2008 at 8.82%. Since then it has fallen by 0.13% to 8.69%. Data records for this series originated in 2005. From a 2011 post peak low of 3.06%, the rental vacancy rate has increased by 5.63%.

Rental Vacancy Rate: Prince William County VA, Virginia, US

Rental vacancy rate in Virginia

Historical Rental Vacancy Rate data for Prince William County

Date US Virginia Prince William County VA
2017 6.18% 6.45% 8.69%
2016 5.89% 5.59% 5.04%
2015 5.85% 5.13% 4.26%
2014 6.32% 5.79% 4.33%
2013 6.49% 6.38% 4.33%
2012 6.77% 6.18% 3.45%
2011 7.40% 7.54% 3.06%
2010 8.17% 7.02% 5.93%
2009 8.43% 7.29% 7.68%
2008 7.86% 6.82% 8.82%
2007 7.87% 7.11% 8.67%
2006 7.70% 6.88% 6.80%

Rent as a Fraction of Income

Using median household income data for Prince William County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Prince William County, median monthly gross rent as a fraction of median household income was 19.73% in 2017 according to the ACS.

Prince William 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%
Prince William County VA 19.73% +0.36% -0.84%

Trends in Prince William County VA Rent as a Fraction of Income

The fraction of median Prince William County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.57%. Since then it has fallen by 0.84% to 19.73%.

Fraction of Income towards Rent: Prince William County VA, Virginia, US

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

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

Date US Virginia Prince William County VA
2017 20.13% 19.78% 19.73%
2016 20.43% 20.42% 19.37%
2015 20.63% 20.72% 19.02%
2014 20.89% 20.63% 20.57%
2013 20.78% 20.80% 18.73%
2012 20.65% 20.76% 18.52%
2011 20.70% 20.59% 18.17%
2010 20.50% 20.15% 17.67%
2009 20.12% 20.00% 17.56%
2008 19.00% 18.30% 17.80%
2007 18.66% 17.97% 17.44%
2006 18.90% 18.04% 17.83%

Renter Fraction in Prince William County Virginia

You can calculate the renter fraction in Prince William 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 Prince William County as a fraction of total Prince William County households. In 2017 23.95% of households were renters according to Census ACS data.

Prince William 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%
Prince William County VA 23.95% -7.16% -3.50%

Trends in the Prince William County VA Renter Fraction

The Prince William County household renter fraction peaked in in 2016 at 31.11% and is now 7.16% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Prince William County VA, Virginia, US

Fraction of renters in Prince William County

History of Prince William County Renter Fraction

Date US Virginia Prince William County VA
2017 36.13% 33.43% 23.95%
2016 36.88% 34.71% 31.11%
2015 36.97% 34.99% 29.77%
2014 36.90% 34.67% 27.45%
2013 36.50% 34.38% 30.92%
2012 36.09% 33.84% 29.49%
2011 35.42% 32.67% 29.06%
2010 34.65% 32.33% 26.85%
2009 34.13% 31.87% 26.85%
2008 33.36% 31.30% 27.68%
2007 32.80% 30.49% 24.69%
2006 32.73% 30.11% 26.16%

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.