Department of Numbers

Island County Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Island County WA was $1,056 in 2017 according to the Census ACS survey.1 Average gross rent in Island County was $1,050 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 Island County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Island 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%
Island County WA Median Gross Rent $1,056 -3.39% -2.13%

Island County WA Real Gross Rent Trends

Median gross rent for Island County peaked in real terms in 2013 at $1,131 and is now $75 (6.63%) lower. Average gross rent for Island County peaked in real terms in 2008 at $1,112 and is now $62 (5.58%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Island County

Date US
Median
Washington
Median
Island County WA
Median
Island County WA
Average
2017 $1,012 $1,216 $1,056 $1,050
2016 $996 $1,153 $1,093 $1,088
2015 $987 $1,111 $1,111 $1,109
2014 $956 $1,057 $1,079 $1,043
2013 $924 $1,010 $1,131 $1,054
2012 $912 $984 $1,075 $1,054
2011 $912 $974 $1,089 $1,024
2010 $927 $984 $1,025 $1,025
2009 $931 $1,007 $1,047 $997
2008 $947 $1,004 $1,087 $1,112
2007 $899 $930 $964 $878
2006 $909 $928 $1,029 $1,024

Island 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 Island County Washington was 9.44% according to Census ACS data.

Rental Vacancy Rate in Island County Washington

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Washington 3.68% +0.45% -0.55%
Island County WA 9.44%

Trends in Island County WA Rental Vacancy Rate

The rental vacancy rate in Island County peaked in 2006 at 12.84%. Since then it has fallen by 3.40% to 9.44%. Data records for this series originated in 2005. From a 2013 post peak low of 3.39%, the rental vacancy rate has increased by 6.05%.

Rental Vacancy Rate: Island County WA, Washington, US

Rental vacancy rate in Washington

Historical Rental Vacancy Rate data for Island County

Date US Washington Island County WA
2017 6.18% 3.68% 9.44%
2016 5.89% 3.23%
2015 5.85% 3.27%
2014 6.32% 4.23%
2013 6.49% 4.65% 3.39%
2012 6.77% 5.30% 6.49%
2011 7.40% 5.59% 9.49%
2010 8.17% 5.80% 6.67%
2009 8.43% 5.98%
2008 7.86% 5.09% 6.49%
2007 7.87% 4.83% 6.71%
2006 7.70% 6.14% 12.84%

Rent as a Fraction of Income

Using median household income data for Island County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Island County, median monthly gross rent as a fraction of median household income was 21.25% in 2017 according to the ACS.

Island 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%
Island County WA 21.25% +1.32% +0.14%

Trends in Island County WA Rent as a Fraction of Income

The fraction of median Island County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 25.60%. Since then it has fallen by 4.35% to 21.25%.

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

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

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

Date US Washington Island County WA
2017 20.13% 20.56% 21.25%
2016 20.43% 20.30% 19.92%
2015 20.63% 20.21% 21.41%
2014 20.89% 20.18% 21.10%
2013 20.78% 20.32% 25.60%
2012 20.65% 19.88% 21.79%
2011 20.70% 19.64% 20.99%
2010 20.50% 19.59% 20.70%
2009 20.12% 19.33% 20.37%
2008 19.00% 18.06% 20.44%
2007 18.66% 17.61% 17.25%
2006 18.90% 17.78% 21.15%

Renter Fraction in Island County Washington

You can calculate the renter fraction in Island 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 Island County as a fraction of total Island County households. In 2017 31.06% of households were renters according to Census ACS data.

Island 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%
Island County WA 31.06% -2.16% -4.37%

Trends in the Island County WA Renter Fraction

The Island County household renter fraction peaked in in 2014 at 35.43% and is now 4.37% below that level. The origin year for the series is 2005.

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

Fraction of renters in Island County

History of Island County Renter Fraction

Date US Washington Island County WA
2017 36.13% 37.21% 31.06%
2016 36.88% 37.53% 33.22%
2015 36.97% 37.58% 29.74%
2014 36.90% 38.25% 35.43%
2013 36.50% 38.06% 31.38%
2012 36.09% 37.67% 34.37%
2011 35.42% 37.18% 29.87%
2010 34.65% 36.90% 29.23%
2009 34.13% 35.70% 26.58%
2008 33.36% 34.72% 24.50%
2007 32.80% 33.93% 25.90%
2006 32.73% 34.46% 21.13%

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.