Department of Numbers

Clark County Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Clark County WA was $1,218 in 2017 according to the Census ACS survey.1 Average gross rent in Clark County was $1,254 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 Clark County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Clark County Washington (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Washington Median Gross Rent $1,216 +5.46% +15.04%
Clark County WA Median Gross Rent $1,218 +8.46% +21.80%

Clark County WA Real Gross Rent Trends

At $1,218, real median gross rent in Clark County was at its highest level in 2017 since the series began in 2005. At $1,254, real average gross rent in Clark County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Clark County WA Median, Clark County WA Average, Washington Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Clark County

Date US
Median
Washington
Median
Clark County WA
Median
Clark County WA
Average
2017 $1,012 $1,216 $1,218 $1,254
2016 $996 $1,153 $1,123 $1,158
2015 $987 $1,111 $1,106 $1,129
2014 $956 $1,057 $1,000 $1,054
2013 $924 $1,010 $961 $993
2012 $912 $984 $941 $1,004
2011 $912 $974 $977 $1,011
2010 $927 $984 $949 $982
2009 $931 $1,007 $961 $1,021
2008 $947 $1,004 $965 $1,015
2007 $899 $930 $920 $961
2006 $909 $928 $935 $993

Clark 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 Clark County Washington was 3.72% according to Census ACS data.

Rental Vacancy Rate in Clark County Washington

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Washington 3.68% +0.45% -0.55%
Clark County WA 3.72% +0.75% +1.31%

Trends in Clark County WA Rental Vacancy Rate

The rental vacancy rate in Clark County peaked in 2010 at 8.17%. Since then it has fallen by 4.45% to 3.72%. Data records for this series originated in 2005. From a 2015 post peak low of 2.20%, the rental vacancy rate has increased by 1.52%.

Rental Vacancy Rate: Clark County WA, Washington, US

Rental vacancy rate in Washington

Historical Rental Vacancy Rate data for Clark County

Date US Washington Clark County WA
2017 6.18% 3.68% 3.72%
2016 5.89% 3.23% 2.97%
2015 5.85% 3.27% 2.20%
2014 6.32% 4.23% 2.41%
2013 6.49% 4.65% 4.05%
2012 6.77% 5.30% 3.41%
2011 7.40% 5.59% 3.22%
2010 8.17% 5.80% 8.17%
2009 8.43% 5.98%
2008 7.86% 5.09% 5.34%
2007 7.87% 4.83% 3.75%
2006 7.70% 6.14% 7.16%

Rent as a Fraction of Income

Using median household income data for Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clark County, median monthly gross rent as a fraction of median household income was 19.55% in 2017 according to the ACS.

Clark County Washington Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Washington 20.56% +0.26% +0.38%
Clark County WA 19.55% +0.34% +0.56%

Trends in Clark County WA Rent as a Fraction of Income

The fraction of median Clark County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 20.07%. Since then it has fallen by 0.52% to 19.55%.

Fraction of Income towards Rent: Clark County WA, Washington, US

Percent of median household income going towards median monthly gross rent in Clark County Washington

Historical Data for Annual Rent as a Fraction of Income in Clark County Washington

Date US Washington Clark County WA
2017 20.13% 20.56% 19.55%
2016 20.43% 20.30% 19.22%
2015 20.63% 20.21% 20.07%
2014 20.89% 20.18% 18.99%
2013 20.78% 20.32% 19.61%
2012 20.65% 19.88% 19.64%
2011 20.70% 19.64% 19.76%
2010 20.50% 19.59% 19.14%
2009 20.12% 19.33% 18.60%
2008 19.00% 18.06% 17.11%
2007 18.66% 17.61% 16.66%
2006 18.90% 17.78% 17.00%

Renter Fraction in Clark County Washington

You can calculate the renter fraction in Clark 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 Clark County as a fraction of total Clark County households. In 2017 32.74% of households were renters according to Census ACS data.

Clark County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Washington 37.21% -0.32% -1.04%
Clark County WA 32.74% +0.93% -4.15%

Trends in the Clark County WA Renter Fraction

The Clark County household renter fraction peaked in in 2014 at 36.89% and is now 4.15% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Clark County WA, Washington, US

Fraction of renters in Clark County

History of Clark County Renter Fraction

Date US Washington Clark County WA
2017 36.13% 37.21% 32.74%
2016 36.88% 37.53% 31.81%
2015 36.97% 37.58% 36.26%
2014 36.90% 38.25% 36.89%
2013 36.50% 38.06% 35.75%
2012 36.09% 37.67% 35.86%
2011 35.42% 37.18% 34.86%
2010 34.65% 36.90% 33.28%
2009 34.13% 35.70% 35.72%
2008 33.36% 34.72% 31.81%
2007 32.80% 33.93% 28.37%
2006 32.73% 34.46% 30.35%

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.