Department of Numbers

Franklin County Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Franklin County WA was $1,037 in 2019 according to the Census ACS survey.1 Average gross rent in Franklin County was $1,030 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 Franklin County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Franklin County Washington (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Washington Median Gross Rent $1,359 +1.42% +14.39%
Franklin County WA Median Gross Rent $1,037 +12.96% +32.61%

Franklin County WA Real Gross Rent Trends

At $1,037, real median gross rent in Franklin County was at its highest level in 2019 since the series began in 2006. At $1,030, real average gross rent in Franklin County was at its highest level in 2019 since the series began in 2006.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Franklin County

Date US
Median
Washington
Median
Franklin County WA
Median
Franklin County WA
Average
2019 $1,097 $1,359 $1,037 $1,030
2018 $1,077 $1,340 $918 $904
2017 $1,043 $1,254 $826 $760
2016 $1,027 $1,188 $782 $807
2015 $1,017 $1,146 $877 $869
2014 $986 $1,090 $982 $1,023
2013 $953 $1,041 $867 $792
2012 $940 $1,015 $811 $773
2011 $941 $1,004 $717 $779
2010 $955 $1,015 $779 $779
2009 $960 $1,038 $788 $716

more history ...

Historical Rental Vacancy Rate data for Franklin County

Date US Washington Franklin County WA
2019 5.97% 4.31%
2018 6.15% 3.94%
2017 6.18% 3.68%
2016 5.89% 3.23%
2015 5.85% 3.27%
2014 6.32% 4.23%
2013 6.49% 4.65%
2012 6.77% 5.30%
2011 7.40% 5.59%
2010 8.17% 5.80%
2009 8.43% 5.98%

more history ...

Rent as a Fraction of Income

Using median household income data for Franklin County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Franklin County, median monthly gross rent as a fraction of median household income was 20.09% in 2019 according to the ACS.

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

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Washington 20.73% -0.59% +0.43%
Franklin County WA 20.09% +2.05% +4.54%

Trends in Franklin County WA Rent as a Fraction of Income

Franklin County renters paid 20.09% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2006.

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

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

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

Date US Washington Franklin County WA
2019 20.03% 20.73% 20.09%
2018 20.50% 21.32% 18.04%
2017 20.13% 20.56% 14.94%
2016 20.43% 20.30% 15.54%
2015 20.63% 20.21% 16.63%
2014 20.89% 20.18% 19.28%
2013 20.78% 20.32% 17.44%
2012 20.65% 19.88% 16.51%
2011 20.70% 19.64% 16.20%
2010 20.50% 19.59% 16.25%
2009 20.12% 19.33% 17.32%

more history ...

Renter Fraction in Franklin County Washington

You can calculate the renter fraction in Franklin 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 Franklin County as a fraction of total Franklin County households. In 2019 33.75% of households were renters according to Census ACS data.

Franklin County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Washington 36.92% -0.26% -0.61%
Franklin County WA 33.75% -0.37% +3.08%

Trends in the Franklin County WA Renter Fraction

The Franklin County household renter fraction peaked in in 2010 at 36.43% and is now 2.68% below that level. The origin year for the series is 2006.

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

Fraction of renters in Franklin County

History of Franklin County Renter Fraction

Date US Washington Franklin County WA
2019 35.89% 36.92% 33.75%
2018 36.05% 37.18% 34.12%
2017 36.13% 37.21% 30.82%
2016 36.88% 37.53% 30.67%
2015 36.97% 37.58% 34.05%
2014 36.90% 38.25% 32.46%
2013 36.50% 38.06% 33.65%
2012 36.09% 37.67% 35.00%
2011 35.42% 37.18% 32.28%
2010 34.65% 36.90% 36.43%
2009 34.13% 35.70% 34.04%

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.