# Bremerton Washington Residential Rent and Rental Statistics

The **median monthly gross residential rent in Bremerton, WA (the Bremerton-Silverdale metro area) was $1,162 in 2016** according to the Census ACS survey.^{1} **Average gross rent in Bremerton was $1,153 in 2016**. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Bremerton median and average rent data will be released in September of 2018.

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

### Real Gross Rent in Bremerton Washington (2016 dollars)^{2}

2016 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $981 | +0.93% | +7.80% |

Washington Median Gross Rent | $1,135 | +3.75% | +14.07% |

Bremerton, WA Median Gross Rent | $1,162 | +8.50% | +13.26% |

## Bremerton, WA Real Gross Rent Trends

At $1,162, real median gross rent in Bremerton was at its highest level in 2016 since the series began in 2005. At $1,153, real average gross rent in Bremerton was at its highest level in 2016 since the series began in 2005.

### Real Gross Rent in Bremerton: Bremerton WA Median, Bremerton WA Average, Washington Median, US Median

## Real Gross Rent History for Bremerton

Date | US Median |
Washington Median |
Bremerton, WA Median |
Bremerton, WA Average |
---|---|---|---|---|

2016 | $981 | $1,135 | $1,162 | $1,153 |

2015 | $972 | $1,094 | $1,071 | $1,048 |

2014 | $942 | $1,041 | $1,036 | $1,036 |

2013 | $910 | $995 | $1,026 | $1,020 |

2012 | $898 | $969 | $1,026 | $1,025 |

2011 | $898 | $959 | $1,014 | $1,007 |

2010 | $912 | $969 | $999 | $1,006 |

2009 | $916 | $992 | $1,092 | $1,102 |

2008 | $932 | $989 | $1,001 | $974 |

2007 | $885 | $916 | $957 | $953 |

2006 | $895 | $914 | $967 | $957 |

2005 | $869 | $885 | $922 | $864 |

## Bremerton Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.^{3} **In 2016 the rental vacancy rate for Bremerton Washington was 5.50%** according to Census ACS data.

### Rental Vacancy Rate in Bremerton Washington

2016 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 5.89% | +0.04% | -0.60% |

Washington | 3.23% | -0.04% | -1.42% |

Bremerton, WA | 5.50% | +0.50% | -1.18% |

## Trends in Bremerton, WA Rental Vacancy Rate

The rental vacancy rate in Bremerton peaked in 2014 at 10.00%. Since then it has fallen by 4.50% to 5.50%. Data records for this series originated in 2005.

### Rental Vacancy Rate: Bremerton WA, Washington, US

## Historical Rental Vacancy Rate data for Bremerton

Date | US | Washington | Bremerton, WA |
---|---|---|---|

2016 | 5.89% | 3.23% | 5.50% |

2015 | 5.85% | 3.27% | 5.00% |

2014 | 6.32% | 4.23% | 10.00% |

2013 | 6.49% | 4.65% | 6.68% |

2012 | 6.77% | 5.30% | 8.88% |

2011 | 7.40% | 5.59% | 6.51% |

2010 | 8.17% | 5.80% | 4.44% |

2009 | 8.43% | 5.98% | 9.64% |

2008 | 7.86% | 5.09% | 5.71% |

2007 | 7.87% | 4.83% | 5.10% |

2006 | 7.70% | 6.14% | 5.34% |

2005 | 7.74% | 5.74% | 6.07% |

## Rent as a Fraction of Income

Using median household income data for Bremerton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. **For Bremerton, median monthly gross rent as a fraction of median household income was 20.16% in 2016** according to the ACS.

### Bremerton Washington Median Annual Rent as a Fraction of Median Household Income

2016 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.43% | -0.20% | -0.35% |

Washington | 20.30% | +0.09% | -0.02% |

Bremerton, WA | 20.16% | +0.97% | +0.63% |

## Trends in Bremerton, WA Rent as a Fraction of Income

The fraction of median Bremerton household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 20.52%. Since then it has fallen by 0.36% to 20.16%.

### Fraction of Income towards Rent: Bremerton WA, Washington, US

## Historical Data for Annual Rent as a Fraction of Income in Bremerton Washington

Date | US | Washington | Bremerton, WA |
---|---|---|---|

2016 | 20.43% | 20.30% | 20.16% |

2015 | 20.63% | 20.21% | 19.19% |

2014 | 20.89% | 20.18% | 19.96% |

2013 | 20.78% | 20.32% | 19.53% |

2012 | 20.65% | 19.88% | 20.52% |

2011 | 20.70% | 19.64% | 19.56% |

2010 | 20.50% | 19.59% | 19.95% |

2009 | 20.12% | 19.33% | 19.77% |

2008 | 19.00% | 18.06% | 17.90% |

2007 | 18.66% | 17.61% | 17.81% |

2006 | 18.90% | 17.78% | 17.92% |

2005 | 18.89% | 18.05% | 17.49% |

## Renter Fraction in Bremerton Washington

You can calculate the renter fraction in Bremerton 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 Bremerton as a fraction of total Bremerton households. **In 2016 34.54% of households were renters** according to Census ACS data.

### Bremerton Fraction of Renters by Household Units

2016 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.88% | -0.09% | +0.38% |

Washington | 37.53% | -0.05% | -0.53% |

Bremerton, WA | 34.54% | +2.71% | +3.25% |

## Trends in the Bremerton, WA Renter Fraction

The Bremerton household renter fraction peaked in in 2011 at 34.97% and is now 0.43% below that level. The origin year for the series is 2005.

### Fraction of Renting Households: Bremerton WA, Washington, US

## History of Bremerton Renter Fraction

Date | US | Washington | Bremerton, WA |
---|---|---|---|

2016 | 36.88% | 37.53% | 34.54% |

2015 | 36.97% | 37.58% | 31.83% |

2014 | 36.90% | 38.25% | 34.69% |

2013 | 36.50% | 38.06% | 31.29% |

2012 | 36.09% | 37.67% | 31.61% |

2011 | 35.42% | 37.18% | 34.97% |

2010 | 34.65% | 36.90% | 34.68% |

2009 | 34.13% | 35.70% | 28.52% |

2008 | 33.36% | 34.72% | 30.83% |

2007 | 32.80% | 33.93% | 30.23% |

2006 | 32.73% | 34.46% | 32.48% |

2005 | 33.10% | 35.34% | 29.68% |

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. ↩