Department of Numbers

Suffolk City Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Suffolk City VA was $1,241 in 2019 according to the Census ACS survey.1 Average gross rent in Suffolk City was $1,241 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 Suffolk City median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Suffolk City 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%
Suffolk City VA Median Gross Rent $1,241 +5.44% +8.10%

Suffolk City VA Real Gross Rent Trends

At $1,241, real median gross rent in Suffolk City was at its highest level in 2019 since the series began in 2005. At $1,241, real average gross rent in Suffolk City was at its highest level in 2019 since the series began in 2005.

Real Gross Rent: Suffolk City VA Median, Suffolk City VA Average, Virginia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Suffolk City

Date US
Median
Virginia
Median
Suffolk City VA
Median
Suffolk City VA
Average
2019 $1,097 $1,254 $1,241 $1,241
2018 $1,077 $1,237 $1,177 $1,161
2017 $1,043 $1,216 $1,084 $1,010
2016 $1,027 $1,214 $1,148 $1,172
2015 $1,017 $1,214 $1,056 $1,084
2014 $986 $1,178 $1,111 $1,076
2013 $953 $1,144 $1,016 $1,056
2012 $940 $1,136 $966 $938
2011 $941 $1,147 $1,115 $1,076
2010 $955 $1,139 $1,081 $1,105
2009 $960 $1,127 $1,035 $989

more history ...

Suffolk City 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 Suffolk City Virginia was 6.74% according to Census ACS data.

Rental Vacancy Rate in Suffolk City Virginia

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Virginia 5.53% +0.36% -0.06%
Suffolk City VA

Trends in Suffolk City VA Rental Vacancy Rate

At 6.74%, Suffolk City residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Suffolk City VA, Virginia, US

Rental vacancy rate in Virginia

Historical Rental Vacancy Rate data for Suffolk City

Date US Virginia Suffolk City VA
2019 5.97% 5.53%
2018 6.15% 5.17%
2017 6.18% 6.45% 6.74%
2016 5.89% 5.59%
2015 5.85% 5.13%
2014 6.32% 5.79% 4.58%
2013 6.49% 6.38%
2012 6.77% 6.18% 4.35%
2011 7.40% 7.54%
2010 8.17% 7.02%
2009 8.43% 7.29%

more history ...

Rent as a Fraction of Income

Using median household income data for Suffolk City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Suffolk City, median monthly gross rent as a fraction of median household income was 18.50% in 2019 according to the ACS.

Suffolk City 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%
Suffolk City VA 18.50% -0.81% -1.22%

Trends in Suffolk City VA Rent as a Fraction of Income

The fraction of median Suffolk City household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.34%. Since then it has fallen by 1.83% to 18.50%.

Fraction of Income towards Rent: Suffolk City VA, Virginia, US

Percent of median household income going towards median monthly gross rent in Suffolk City Virginia

Historical Data for Annual Rent as a Fraction of Income in Suffolk City Virginia

Date US Virginia Suffolk City VA
2019 20.03% 19.68% 18.50%
2018 20.50% 20.09% 19.31%
2017 20.13% 19.78% 17.95%
2016 20.43% 20.42% 19.73%
2015 20.63% 20.72% 19.51%
2014 20.89% 20.63% 20.34%
2013 20.78% 20.80% 19.10%
2012 20.65% 20.76% 16.66%
2011 20.70% 20.59% 19.25%
2010 20.50% 20.15% 16.75%
2009 20.12% 20.00% 19.09%

more history ...

Renter Fraction in Suffolk City Virginia

You can calculate the renter fraction in Suffolk City 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 Suffolk City as a fraction of total Suffolk City households. In 2019 31.71% of households were renters according to Census ACS data.

Suffolk City 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%
Suffolk City VA 31.71% +1.74% -2.03%

Trends in the Suffolk City VA Renter Fraction

The Suffolk City household renter fraction peaked in in 2016 at 33.74% and is now 2.03% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Suffolk City VA, Virginia, US

Fraction of renters in Suffolk City

History of Suffolk City Renter Fraction

Date US Virginia Suffolk City VA
2019 35.89% 33.87% 31.71%
2018 36.05% 34.08% 29.97%
2017 36.13% 33.43% 33.12%
2016 36.88% 34.71% 33.74%
2015 36.97% 34.99% 32.46%
2014 36.90% 34.67% 32.22%
2013 36.50% 34.38% 30.57%
2012 36.09% 33.84% 28.75%
2011 35.42% 32.67% 26.92%
2010 34.65% 32.33% 25.49%
2009 34.13% 31.87% 23.45%

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.