Department of Numbers

Dane County Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Dane County WI was $1,053 in 2017 according to the Census ACS survey.1 Average gross rent in Dane County was $1,104 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 Dane County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Dane County Wisconsin (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Wisconsin Median Gross Rent $819 +0.61% +2.25%
Dane County WI Median Gross Rent $1,053 +6.36% +12.26%

Dane County WI Real Gross Rent Trends

At $1,053, real median gross rent in Dane County was at its highest level in 2017 since the series began in 2005. At $1,104, real average gross rent in Dane County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Dane County WI Median, Dane County WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Dane County

Date US
Median
Wisconsin
Median
Dane County WI
Median
Dane County WI
Average
2017 $1,012 $819 $1,053 $1,104
2016 $996 $814 $990 $1,056
2015 $987 $815 $985 $1,048
2014 $956 $801 $938 $991
2013 $924 $774 $909 $991
2012 $912 $767 $889 $936
2011 $912 $774 $916 $955
2010 $927 $775 $911 $973
2009 $931 $783 $914 $982
2008 $947 $809 $924 $963
2007 $899 $767 $924 $964
2006 $909 $784 $907 $956

Dane 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 Dane County Wisconsin was 4.20% according to Census ACS data.

Rental Vacancy Rate in Dane County Wisconsin

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wisconsin 5.20% +0.35% +0.56%
Dane County WI 4.20% +1.27% +2.24%

Trends in Dane County WI Rental Vacancy Rate

The rental vacancy rate in Dane County peaked in 2008 at 8.24%. Since then it has fallen by 4.04% to 4.20%. Data records for this series originated in 2005. From a 2015 post peak low of 1.47%, the rental vacancy rate has increased by 2.73%.

Rental Vacancy Rate: Dane County WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Dane County

Date US Wisconsin Dane County WI
2017 6.18% 5.20% 4.20%
2016 5.89% 4.85% 2.93%
2015 5.85% 4.67% 1.47%
2014 6.32% 4.64% 1.96%
2013 6.49% 5.22% 2.27%
2012 6.77% 5.48% 3.04%
2011 7.40% 5.17% 3.48%
2010 8.17% 6.16% 6.83%
2009 8.43% 5.86% 3.73%
2008 7.86% 6.26% 8.24%
2007 7.87% 6.83% 7.76%
2006 7.70% 7.18% 7.26%

Rent as a Fraction of Income

Using median household income data for Dane County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Dane County, median monthly gross rent as a fraction of median household income was 17.48% in 2017 according to the ACS.

Dane County Wisconsin Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Wisconsin 16.57% -0.37% -1.26%
Dane County WI 17.48% +0.96% -0.36%

Trends in Dane County WI Rent as a Fraction of Income

The fraction of median Dane County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.85%. Since then it has fallen by 0.36% to 17.48%.

Fraction of Income towards Rent: Dane County WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Dane County Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Dane County Wisconsin

Date US Wisconsin Dane County WI
2017 20.13% 16.57% 17.48%
2016 20.43% 16.94% 16.53%
2015 20.63% 17.08% 17.61%
2014 20.89% 17.83% 17.85%
2013 20.78% 17.67% 17.78%
2012 20.65% 17.46% 17.30%
2011 20.70% 17.60% 17.38%
2010 20.50% 17.51% 17.20%
2009 20.12% 16.99% 17.20%
2008 19.00% 16.22% 15.70%
2007 18.66% 15.97% 16.01%
2006 18.90% 16.19% 15.85%

Renter Fraction in Dane County Wisconsin

You can calculate the renter fraction in Dane 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 Dane County as a fraction of total Dane County households. In 2017 41.36% of households were renters according to Census ACS data.

Dane County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Wisconsin 33.39% +0.05% -0.01%
Dane County WI 41.36% +1.12% -1.56%

Trends in the Dane County WI Renter Fraction

The Dane County household renter fraction peaked in in 2014 at 42.92% and is now 1.56% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Dane County WI, Wisconsin, US

Fraction of renters in Dane County

History of Dane County Renter Fraction

Date US Wisconsin Dane County WI
2017 36.13% 33.39% 41.36%
2016 36.88% 33.34% 40.24%
2015 36.97% 33.21% 42.50%
2014 36.90% 33.40% 42.92%
2013 36.50% 32.82% 42.40%
2012 36.09% 32.71% 41.11%
2011 35.42% 32.15% 41.25%
2010 34.65% 31.30% 39.07%
2009 34.13% 31.02% 39.91%
2008 33.36% 29.87% 37.30%
2007 32.80% 29.92% 34.40%
2006 32.73% 29.55% 35.87%

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.