Department of Numbers

Spotsylvania County Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Spotsylvania County VA was $1,408 in 2017 according to the Census ACS survey.1 Average gross rent in Spotsylvania County was $1,376 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 Spotsylvania County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Spotsylvania 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%
Spotsylvania County VA Median Gross Rent $1,408 -0.78% +9.74%

Spotsylvania County VA Real Gross Rent Trends

Median gross rent for Spotsylvania County peaked in real terms in 2015 at $1,438 and is now $30 (2.09%) lower. Average gross rent for Spotsylvania County peaked in real terms in 2015 at $1,416 and is now $40 (2.82%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Spotsylvania County

Date US
Median
Virginia
Median
Spotsylvania County VA
Median
Spotsylvania County VA
Average
2017 $1,012 $1,179 $1,408 $1,376
2016 $996 $1,177 $1,419 $1,390
2015 $987 $1,177 $1,438 $1,416
2014 $956 $1,143 $1,283 $1,242
2013 $924 $1,109 $1,419 $1,365
2012 $912 $1,102 $1,327 $1,283
2011 $912 $1,112 $1,384 $1,353
2010 $927 $1,104 $1,283 $1,237
2009 $931 $1,093 $1,209 $1,197
2008 $947 $1,073 $1,313 $1,276
2007 $899 $1,016 $1,299 $1,223
2006 $909 $1,008 $1,404 $1,371

Spotsylvania 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 Spotsylvania County Virginia was 11.03% according to Census ACS data.

Rental Vacancy Rate in Spotsylvania County Virginia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Virginia 6.45% +0.86% +0.66%
Spotsylvania County VA 11.03% +5.48%

Trends in Spotsylvania County VA Rental Vacancy Rate

The rental vacancy rate in Spotsylvania County peaked in 2009 at 13.16%. Since then it has fallen by 2.13% to 11.03%. Data records for this series originated in 2005.

Rental Vacancy Rate: Spotsylvania County VA, Virginia, US

Rental vacancy rate in Virginia

Historical Rental Vacancy Rate data for Spotsylvania County

Date US Virginia Spotsylvania County VA
2017 6.18% 6.45% 11.03%
2016 5.89% 5.59%
2015 5.85% 5.13% 8.42%
2014 6.32% 5.79% 5.55%
2013 6.49% 6.38%
2012 6.77% 6.18% 5.70%
2011 7.40% 7.54%
2010 8.17% 7.02% 5.76%
2009 8.43% 7.29% 13.16%
2008 7.86% 6.82% 7.54%
2007 7.87% 7.11% 2.05%
2006 7.70% 6.88%

Rent as a Fraction of Income

Using median household income data for Spotsylvania County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Spotsylvania County, median monthly gross rent as a fraction of median household income was 19.53% in 2017 according to the ACS.

Spotsylvania 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%
Spotsylvania County VA 19.53% -1.12% -0.33%

Trends in Spotsylvania County VA Rent as a Fraction of Income

The fraction of median Spotsylvania County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 23.18%. Since then it has fallen by 3.65% to 19.53%.

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

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

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

Date US Virginia Spotsylvania County VA
2017 20.13% 19.78% 19.53%
2016 20.43% 20.42% 20.66%
2015 20.63% 20.72% 22.21%
2014 20.89% 20.63% 19.87%
2013 20.78% 20.80% 23.18%
2012 20.65% 20.76% 19.56%
2011 20.70% 20.59% 20.73%
2010 20.50% 20.15% 19.67%
2009 20.12% 20.00% 17.18%
2008 19.00% 18.30% 17.24%
2007 18.66% 17.97% 18.27%
2006 18.90% 18.04% 19.53%

Renter Fraction in Spotsylvania County Virginia

You can calculate the renter fraction in Spotsylvania 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 Spotsylvania County as a fraction of total Spotsylvania County households. In 2017 24.14% of households were renters according to Census ACS data.

Spotsylvania 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%
Spotsylvania County VA 24.14% +4.43% -2.20%

Trends in the Spotsylvania County VA Renter Fraction

The Spotsylvania County household renter fraction peaked in in 2014 at 26.34% and is now 2.20% below that level. The origin year for the series is 2005.

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

Fraction of renters in Spotsylvania County

History of Spotsylvania County Renter Fraction

Date US Virginia Spotsylvania County VA
2017 36.13% 33.43% 24.14%
2016 36.88% 34.71% 19.71%
2015 36.97% 34.99% 24.40%
2014 36.90% 34.67% 26.34%
2013 36.50% 34.38% 22.10%
2012 36.09% 33.84% 23.44%
2011 35.42% 32.67% 24.42%
2010 34.65% 32.33% 24.89%
2009 34.13% 31.87% 19.35%
2008 33.36% 31.30% 21.62%
2007 32.80% 30.49% 20.65%
2006 32.73% 30.11% 18.23%

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.