Department of Numbers

Raleigh County West Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in Raleigh County WV was $661 in 2017 according to the Census ACS survey.1 Average gross rent in Raleigh County was $517 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 Raleigh County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Raleigh 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%
Raleigh County WV Median Gross Rent $661 -4.34% -4.48%

Raleigh County WV Real Gross Rent Trends

Median gross rent for Raleigh County peaked in real terms in 2014 at $692 and is now $31 (4.48%) lower. Average gross rent for Raleigh County peaked in real terms in 2016 at $631 and is now $114 (18.07%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Raleigh County

Date US
Median
West Virginia
Median
Raleigh County WV
Median
Raleigh County WV
Average
2017 $1,012 $690 $661 $517
2016 $996 $693 $691 $631
2015 $987 $694 $607 $561
2014 $956 $672 $692 $561
2013 $924 $633 $642 $562
2012 $912 $626 $676 $568
2011 $912 $627 $647 $553
2010 $927 $619 $605 $478
2009 $931 $610 $556 $510
2008 $947 $606 $615 $582
2007 $899 $598 $580 $427
2006 $909 $594 $535 $456

Raleigh 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 Raleigh County West Virginia was 9.02% according to Census ACS data.

Rental Vacancy Rate in Raleigh 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%
Raleigh County WV 9.02%

Trends in Raleigh County WV Rental Vacancy Rate

The rental vacancy rate in Raleigh County peaked in 2007 at 10.94%. Since then it has fallen by 1.92% to 9.02%. Data records for this series originated in 2005. From a 2012 post peak low of 1.19%, the rental vacancy rate has increased by 7.83%.

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

Rental vacancy rate in West Virginia

Historical Rental Vacancy Rate data for Raleigh County

Date US West Virginia Raleigh County WV
2017 6.18% 8.21% 9.02%
2016 5.89% 7.92%
2015 5.85% 6.82% 7.69%
2014 6.32% 8.91%
2013 6.49% 7.75% 2.67%
2012 6.77% 6.82% 1.19%
2011 7.40% 8.13% 7.14%
2010 8.17% 8.96% 9.60%
2009 8.43% 8.76%
2008 7.86% 7.42% 2.03%
2007 7.87% 8.79% 10.94%
2006 7.70% 6.09%

Rent as a Fraction of Income

Using median household income data for Raleigh County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Raleigh County, median monthly gross rent as a fraction of median household income was 18.83% in 2017 according to the ACS.

Raleigh 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%
Raleigh County WV 18.83% +1.04% -1.17%

Trends in Raleigh County WV Rent as a Fraction of Income

The fraction of median Raleigh County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 20.13%. Since then it has fallen by 1.30% to 18.83%. From a 2006 low of 13.84%, the fraction of income going to rent has increased by 4.99%.

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

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

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

Date US West Virginia Raleigh County WV
2017 20.13% 19.05% 18.83%
2016 20.43% 18.86% 17.79%
2015 20.63% 19.28% 19.00%
2014 20.89% 19.17% 20.00%
2013 20.78% 18.04% 18.79%
2012 20.65% 18.12% 19.31%
2011 20.70% 18.68% 19.36%
2010 20.50% 17.93% 17.63%
2009 20.12% 17.69% 17.16%
2008 19.00% 16.68% 18.99%
2007 18.66% 17.00% 15.46%
2006 18.90% 17.08% 13.84%

Renter Fraction in Raleigh County West Virginia

You can calculate the renter fraction in Raleigh 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 Raleigh County as a fraction of total Raleigh County households. In 2017 25.54% of households were renters according to Census ACS data.

Raleigh 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%
Raleigh County WV 25.54% -3.40% +0.98%

Trends in the Raleigh County WV Renter Fraction

The Raleigh County household renter fraction peaked in in 2016 at 28.94% and is now 3.40% below that level. The origin year for the series is 2005.

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

Fraction of renters in Raleigh County

History of Raleigh County Renter Fraction

Date US West Virginia Raleigh County WV
2017 36.13% 27.46% 25.54%
2016 36.88% 27.56% 28.94%
2015 36.97% 27.69% 27.69%
2014 36.90% 27.83% 24.56%
2013 36.50% 27.67% 28.79%
2012 36.09% 28.02% 26.33%
2011 35.42% 27.74% 28.12%
2010 34.65% 25.41% 23.57%
2009 34.13% 26.38% 26.47%
2008 33.36% 26.27% 22.67%
2007 32.80% 25.13% 22.05%
2006 32.73% 25.34% 25.39%

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.