Department of Numbers

Monongalia County West Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Monongalia County WV was $796 in 2017 according to the Census ACS survey.1 Average gross rent in Monongalia County was $839 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 Monongalia County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Monongalia 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%
Monongalia County WV Median Gross Rent $796 +1.27% +0.76%

Monongalia County WV Real Gross Rent Trends

Median gross rent for Monongalia County peaked in real terms in 2015 at $917 and is now $121 (13.20%) lower. Average gross rent for Monongalia County peaked in real terms in 2015 at $960 and is now $121 (12.60%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Monongalia County

Date US
Median
West Virginia
Median
Monongalia County WV
Median
Monongalia County WV
Average
2017 $1,012 $690 $796 $839
2016 $996 $693 $786 $797
2015 $987 $694 $917 $960
2014 $956 $672 $790 $825
2013 $924 $633 $745 $766
2012 $912 $626 $686 $711
2011 $912 $627 $737 $724
2010 $927 $619 $742 $752
2009 $931 $610 $684 $704
2008 $947 $606 $674 $697
2007 $899 $598 $686 $717
2006 $909 $594 $703 $685

Monongalia 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 Monongalia County West Virginia was 5.79% according to Census ACS data.

Rental Vacancy Rate in Monongalia 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%
Monongalia County WV 5.79% -6.79%

Trends in Monongalia County WV Rental Vacancy Rate

The rental vacancy rate in Monongalia County peaked in 2014 at 12.58%. Since then it has fallen by 6.79% to 5.79%. Data records for this series originated in 2005.

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

Rental vacancy rate in West Virginia

Historical Rental Vacancy Rate data for Monongalia County

Date US West Virginia Monongalia County WV
2017 6.18% 8.21% 5.79%
2016 5.89% 7.92%
2015 5.85% 6.82%
2014 6.32% 8.91% 12.58%
2013 6.49% 7.75% 4.18%
2012 6.77% 6.82% 3.49%
2011 7.40% 8.13% 1.83%
2010 8.17% 8.96%
2009 8.43% 8.76% 4.33%
2008 7.86% 7.42% 4.23%
2007 7.87% 8.79% 8.52%
2006 7.70% 6.09% 5.71%

Rent as a Fraction of Income

Using median household income data for Monongalia County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Monongalia County, median monthly gross rent as a fraction of median household income was 18.77% in 2017 according to the ACS.

Monongalia 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%
Monongalia County WV 18.77% +0.54% -3.31%

Trends in Monongalia County WV Rent as a Fraction of Income

The fraction of median Monongalia County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.30%. Since then it has fallen by 4.53% to 18.77%.

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

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

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

Date US West Virginia Monongalia County WV
2017 20.13% 19.05% 18.77%
2016 20.43% 18.86% 18.23%
2015 20.63% 19.28% 23.30%
2014 20.89% 19.17% 22.08%
2013 20.78% 18.04% 17.66%
2012 20.65% 18.12% 20.19%
2011 20.70% 18.68% 19.18%
2010 20.50% 17.93% 19.56%
2009 20.12% 17.69% 22.87%
2008 19.00% 16.68% 16.61%
2007 18.66% 17.00% 17.17%
2006 18.90% 17.08% 20.10%

Renter Fraction in Monongalia County West Virginia

You can calculate the renter fraction in Monongalia 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 Monongalia County as a fraction of total Monongalia County households. In 2017 43.78% of households were renters according to Census ACS data.

Monongalia 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%
Monongalia County WV 43.78% +0.99% +1.21%

Trends in the Monongalia County WV Renter Fraction

The Monongalia County household renter fraction peaked in in 2012 at 45.18% and is now 1.40% below that level. The origin year for the series is 2005.

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

Fraction of renters in Monongalia County

History of Monongalia County Renter Fraction

Date US West Virginia Monongalia County WV
2017 36.13% 27.46% 43.78%
2016 36.88% 27.56% 42.79%
2015 36.97% 27.69% 43.80%
2014 36.90% 27.83% 42.57%
2013 36.50% 27.67% 39.29%
2012 36.09% 28.02% 45.18%
2011 35.42% 27.74% 44.16%
2010 34.65% 25.41% 42.91%
2009 34.13% 26.38% 43.38%
2008 33.36% 26.27% 38.92%
2007 32.80% 25.13% 35.54%
2006 32.73% 25.34% 33.98%

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.