Department of Numbers

Grant County Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Grant County WA was $784 in 2017 according to the Census ACS survey.1 Average gross rent in Grant County was $743 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 Grant County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Grant 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%
Grant County WA Median Gross Rent $784 +20.43% +1.42%

Grant County WA Real Gross Rent Trends

At $784, real median gross rent in Grant County was at its highest level in 2017 since the series began in 2005. Average gross rent for Grant County peaked in real terms in 2015 at $769 and is now $26 (3.38%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Grant County

Date US
Median
Washington
Median
Grant County WA
Median
Grant County WA
Average
2017 $1,012 $1,216 $784 $743
2016 $996 $1,153 $651 $566
2015 $987 $1,111 $772 $769
2014 $956 $1,057 $773 $712
2013 $924 $1,010 $710 $720
2012 $912 $984 $645 $630
2011 $912 $974 $665 $586
2010 $927 $984 $758 $751
2009 $931 $1,007 $671 $661
2008 $947 $1,004 $703 $642
2007 $899 $930 $593 $566
2006 $909 $928 $643 $594

Grant 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 Grant County Washington was 10.90% according to Census ACS data.

Rental Vacancy Rate in Grant County Washington

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Washington 3.68% +0.45% -0.55%
Grant County WA 10.90% +5.55%

Trends in Grant County WA Rental Vacancy Rate

At 10.90%, Grant County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Grant County WA, Washington, US

Rental vacancy rate in Washington

Historical Rental Vacancy Rate data for Grant County

Date US Washington Grant County WA
2017 6.18% 3.68% 10.90%
2016 5.89% 3.23% 5.35%
2015 5.85% 3.27%
2014 6.32% 4.23%
2013 6.49% 4.65%
2012 6.77% 5.30% 5.03%
2011 7.40% 5.59% 3.79%
2010 8.17% 5.80% 9.84%
2009 8.43% 5.98%
2008 7.86% 5.09%
2007 7.87% 4.83% 8.77%
2006 7.70% 6.14% 7.43%

Rent as a Fraction of Income

Using median household income data for Grant County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Grant County, median monthly gross rent as a fraction of median household income was 16.04% in 2017 according to the ACS.

Grant 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%
Grant County WA 16.04% +0.13% -1.40%

Trends in Grant County WA Rent as a Fraction of Income

The fraction of median Grant County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 19.81%. Since then it has fallen by 3.77% to 16.04%.

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

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

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

Date US Washington Grant County WA
2017 20.13% 20.56% 16.04%
2016 20.43% 20.30% 15.91%
2015 20.63% 20.21% 17.42%
2014 20.89% 20.18% 17.44%
2013 20.78% 20.32% 17.85%
2012 20.65% 19.88% 16.20%
2011 20.70% 19.64% 17.69%
2010 20.50% 19.59% 19.81%
2009 20.12% 19.33% 15.54%
2008 19.00% 18.06% 16.88%
2007 18.66% 17.61% 14.79%
2006 18.90% 17.78% 17.53%

Renter Fraction in Grant County Washington

You can calculate the renter fraction in Grant 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 Grant County as a fraction of total Grant County households. In 2017 34.98% of households were renters according to Census ACS data.

Grant 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%
Grant County WA 34.98% -3.93% -5.68%

Trends in the Grant County WA Renter Fraction

The Grant County household renter fraction peaked in in 2011 at 42.98% and is now 8.00% below that level. The origin year for the series is 2005.

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

Fraction of renters in Grant County

History of Grant County Renter Fraction

Date US Washington Grant County WA
2017 36.13% 37.21% 34.98%
2016 36.88% 37.53% 38.91%
2015 36.97% 37.58% 37.93%
2014 36.90% 38.25% 40.66%
2013 36.50% 38.06% 39.74%
2012 36.09% 37.67% 39.67%
2011 35.42% 37.18% 42.98%
2010 34.65% 36.90% 37.85%
2009 34.13% 35.70% 37.54%
2008 33.36% 34.72% 41.23%
2007 32.80% 33.93% 35.70%
2006 32.73% 34.46% 36.36%

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.