Department of Numbers

Snohomish County Washington Residential Rent and Rental Statistics

The median monthly gross residential rent in Snohomish County WA was $1,377 in 2017 according to the Census ACS survey.1 Average gross rent in Snohomish County was $1,364 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 Snohomish County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Snohomish 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%
Snohomish County WA Median Gross Rent $1,377 +6.99% +12.50%

Snohomish County WA Real Gross Rent Trends

At $1,377, real median gross rent in Snohomish County was at its highest level in 2017 since the series began in 2005. At $1,364, real average gross rent in Snohomish County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Snohomish County

Date US
Median
Washington
Median
Snohomish County WA
Median
Snohomish County WA
Average
2017 $1,012 $1,216 $1,377 $1,364
2016 $996 $1,153 $1,287 $1,322
2015 $987 $1,111 $1,273 $1,265
2014 $956 $1,057 $1,224 $1,227
2013 $924 $1,010 $1,148 $1,152
2012 $912 $984 $1,110 $1,135
2011 $912 $974 $1,088 $1,121
2010 $927 $984 $1,110 $1,159
2009 $931 $1,007 $1,148 $1,177
2008 $947 $1,004 $1,167 $1,207
2007 $899 $930 $1,056 $1,121
2006 $909 $928 $1,035 $1,069

Snohomish 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 Snohomish County Washington was 2.72% according to Census ACS data.

Rental Vacancy Rate in Snohomish County Washington

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Washington 3.68% +0.45% -0.55%
Snohomish County WA 2.72% -0.93% +0.10%

Trends in Snohomish County WA Rental Vacancy Rate

The rental vacancy rate in Snohomish County peaked in 2013 at 5.99%. Since then it has fallen by 3.27% to 2.72%. Data records for this series originated in 2005. From a 2014 post peak low of 2.62%, the rental vacancy rate has increased by 0.10%.

Rental Vacancy Rate: Snohomish County WA, Washington, US

Rental vacancy rate in Washington

Historical Rental Vacancy Rate data for Snohomish County

Date US Washington Snohomish County WA
2017 6.18% 3.68% 2.72%
2016 5.89% 3.23% 3.65%
2015 5.85% 3.27% 3.45%
2014 6.32% 4.23% 2.62%
2013 6.49% 4.65% 5.99%
2012 6.77% 5.30% 4.78%
2011 7.40% 5.59% 4.60%
2010 8.17% 5.80% 5.74%
2009 8.43% 5.98% 4.69%
2008 7.86% 5.09% 4.43%
2007 7.87% 4.83% 5.72%
2006 7.70% 6.14% 4.28%

Rent as a Fraction of Income

Using median household income data for Snohomish County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Snohomish County, median monthly gross rent as a fraction of median household income was 20.01% in 2017 according to the ACS.

Snohomish 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%
Snohomish County WA 20.01% +0.69% +0.08%

Trends in Snohomish County WA Rent as a Fraction of Income

The fraction of median Snohomish County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 20.01%. Since then it has fallen by 0.01% to 20.01%.

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

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

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

Date US Washington Snohomish County WA
2017 20.13% 20.56% 20.01%
2016 20.43% 20.30% 19.32%
2015 20.63% 20.21% 19.47%
2014 20.89% 20.18% 19.92%
2013 20.78% 20.32% 20.01%
2012 20.65% 19.88% 19.23%
2011 20.70% 19.64% 19.58%
2010 20.50% 19.59% 19.45%
2009 20.12% 19.33% 19.28%
2008 19.00% 18.06% 18.28%
2007 18.66% 17.61% 17.00%
2006 18.90% 17.78% 17.38%

Renter Fraction in Snohomish County Washington

You can calculate the renter fraction in Snohomish 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 Snohomish County as a fraction of total Snohomish County households. In 2017 33.30% of households were renters according to Census ACS data.

Snohomish 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%
Snohomish County WA 33.30% +0.25% -1.39%

Trends in the Snohomish County WA Renter Fraction

The Snohomish County household renter fraction peaked in in 2014 at 34.69% and is now 1.39% below that level. The origin year for the series is 2005.

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

Fraction of renters in Snohomish County

History of Snohomish County Renter Fraction

Date US Washington Snohomish County WA
2017 36.13% 37.21% 33.30%
2016 36.88% 37.53% 33.05%
2015 36.97% 37.58% 34.68%
2014 36.90% 38.25% 34.69%
2013 36.50% 38.06% 34.36%
2012 36.09% 37.67% 33.99%
2011 35.42% 37.18% 34.50%
2010 34.65% 36.90% 32.81%
2009 34.13% 35.70% 33.44%
2008 33.36% 34.72% 32.67%
2007 32.80% 33.93% 30.96%
2006 32.73% 34.46% 32.06%

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.