Department of Numbers

Cabell County West Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Cabell County WV was $712 in 2017 according to the Census ACS survey.1 Average gross rent in Cabell County was $657 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 Cabell County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cabell County West Virginia (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
West Virginia Median Gross Rent $690 -0.43% +2.68%
Cabell County WV Median Gross Rent $712 -3.26% +4.09%

Cabell County WV Real Gross Rent Trends

Median gross rent for Cabell County peaked in real terms in 2016 at $736 and is now $24 (3.26%) lower. Average gross rent for Cabell County peaked in real terms in 2016 at $743 and is now $86 (11.57%) lower.

Real Gross Rent: Cabell County WV Median, Cabell County WV Average, West Virginia Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cabell County

Date US
Median
West Virginia
Median
Cabell County WV
Median
Cabell County WV
Average
2017 $1,012 $690 $712 $657
2016 $996 $693 $736 $743
2015 $987 $694 $706 $633
2014 $956 $672 $684 $652
2013 $924 $633 $649 $617
2012 $912 $626 $637 $638
2011 $912 $627 $599 $561
2010 $927 $619 $636 $591
2009 $931 $610 $657 $640
2008 $947 $606 $627 $642
2007 $899 $598 $657 $602
2006 $909 $594 $663 $625

Cabell 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 Cabell County West Virginia was 3.69% according to Census ACS data.

Rental Vacancy Rate in Cabell County West Virginia

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
West Virginia 8.21% +0.29% -0.70%
Cabell County WV 3.69% -6.49% -3.45%

Trends in Cabell County WV Rental Vacancy Rate

The rental vacancy rate in Cabell County peaked in 2005 at 13.32%. Since then it has fallen by 9.63% to 3.69%. Data records for this series originated in 2005. From a 2012 post peak low of 3.44%, the rental vacancy rate has increased by 0.25%.

Rental Vacancy Rate: Cabell County WV, West Virginia, US

Rental vacancy rate in West Virginia

Historical Rental Vacancy Rate data for Cabell County

Date US West Virginia Cabell County WV
2017 6.18% 8.21% 3.69%
2016 5.89% 7.92% 10.18%
2015 5.85% 6.82%
2014 6.32% 8.91% 7.14%
2013 6.49% 7.75% 6.69%
2012 6.77% 6.82% 3.44%
2011 7.40% 8.13% 7.91%
2010 8.17% 8.96% 6.29%
2009 8.43% 8.76%
2008 7.86% 7.42%
2007 7.87% 8.79% 6.60%
2006 7.70% 6.09% 7.16%

Rent as a Fraction of Income

Using median household income data for Cabell County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cabell County, median monthly gross rent as a fraction of median household income was 25.32% in 2017 according to the ACS.

Cabell County West Virginia Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
West Virginia 19.05% +0.18% -0.12%
Cabell County WV 25.32% +2.91% +1.77%

Trends in Cabell County WV Rent as a Fraction of Income

Cabell County renters paid 25.32% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Cabell County WV, West Virginia, US

Percent of median household income going towards median monthly gross rent in Cabell County West Virginia

Historical Data for Annual Rent as a Fraction of Income in Cabell County West Virginia

Date US West Virginia Cabell County WV
2017 20.13% 19.05% 25.32%
2016 20.43% 18.86% 22.41%
2015 20.63% 19.28% 21.20%
2014 20.89% 19.17% 23.54%
2013 20.78% 18.04% 19.53%
2012 20.65% 18.12% 20.82%
2011 20.70% 18.68% 18.41%
2010 20.50% 17.93% 19.48%
2009 20.12% 17.69% 20.55%
2008 19.00% 16.68% 20.47%
2007 18.66% 17.00% 21.92%
2006 18.90% 17.08% 19.13%

Renter Fraction in Cabell County West Virginia

You can calculate the renter fraction in Cabell 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 Cabell County as a fraction of total Cabell County households. In 2017 41.68% of households were renters according to Census ACS data.

Cabell County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
West Virginia 27.46% -0.10% -0.37%
Cabell County WV 41.68% +0.32% +0.34%

Trends in the Cabell County WV Renter Fraction

At 41.68%, the 2017 household based renter fraction in Cabell County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Cabell County WV, West Virginia, US

Fraction of renters in Cabell County

History of Cabell County Renter Fraction

Date US West Virginia Cabell County WV
2017 36.13% 27.46% 41.68%
2016 36.88% 27.56% 41.36%
2015 36.97% 27.69% 37.50%
2014 36.90% 27.83% 41.34%
2013 36.50% 27.67% 36.65%
2012 36.09% 28.02% 39.71%
2011 35.42% 27.74% 40.86%
2010 34.65% 25.41% 39.16%
2009 34.13% 26.38% 38.24%
2008 33.36% 26.27% 35.69%
2007 32.80% 25.13% 35.36%
2006 32.73% 25.34% 32.49%

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.