Department of Numbers

Walworth County Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Walworth County WI was $811 in 2017 according to the Census ACS survey.1 Average gross rent in Walworth County was $852 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 Walworth County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Walworth 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%
Walworth County WI Median Gross Rent $811 -6.78% +3.18%

Walworth County WI Real Gross Rent Trends

Median gross rent for Walworth County peaked in real terms in 2008 at $872 and is now $61 (7.00%) lower. Average gross rent for Walworth County peaked in real terms in 2015 at $902 and is now $50 (5.54%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Walworth County

Date US
Median
Wisconsin
Median
Walworth County WI
Median
Walworth County WI
Average
2017 $1,012 $819 $811 $852
2016 $996 $814 $870 $869
2015 $987 $815 $828 $902
2014 $956 $801 $786 $801
2013 $924 $774 $824 $850
2012 $912 $767 $827 $827
2011 $912 $774 $859 $851
2010 $927 $775 $828 $811
2009 $931 $783 $828 $842
2008 $947 $809 $872 $888
2007 $899 $767 $753 $782
2006 $909 $784 $863 $810

Walworth 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 Walworth County Wisconsin was 3.14% according to Census ACS data.

Rental Vacancy Rate in Walworth County Wisconsin

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wisconsin 5.20% +0.35% +0.56%
Walworth County WI 3.14% -5.00% -0.95%

Trends in Walworth County WI Rental Vacancy Rate

The rental vacancy rate in Walworth County peaked in 2008 at 17.29%. Since then it has fallen by 14.15% to 3.14%. Data records for this series originated in 2005. From a 2015 post peak low of 1.60%, the rental vacancy rate has increased by 1.54%.

Rental Vacancy Rate: Walworth County WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Walworth County

Date US Wisconsin Walworth County WI
2017 6.18% 5.20% 3.14%
2016 5.89% 4.85% 8.14%
2015 5.85% 4.67% 1.60%
2014 6.32% 4.64% 4.09%
2013 6.49% 5.22% 3.59%
2012 6.77% 5.48% 3.48%
2011 7.40% 5.17% 9.81%
2010 8.17% 6.16% 2.74%
2009 8.43% 5.86% 5.40%
2008 7.86% 6.26% 17.29%
2007 7.87% 6.83% 8.78%
2006 7.70% 7.18% 8.02%

Rent as a Fraction of Income

Using median household income data for Walworth County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walworth County, median monthly gross rent as a fraction of median household income was 16.17% in 2017 according to the ACS.

Walworth 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%
Walworth County WI 16.17% -1.47% -1.46%

Trends in Walworth County WI Rent as a Fraction of Income

The fraction of median Walworth County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 19.66%. Since then it has fallen by 3.49% to 16.17%.

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

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

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

Date US Wisconsin Walworth County WI
2017 20.13% 16.57% 16.17%
2016 20.43% 16.94% 17.64%
2015 20.63% 17.08% 16.50%
2014 20.89% 17.83% 17.63%
2013 20.78% 17.67% 18.60%
2012 20.65% 17.46% 19.66%
2011 20.70% 17.60% 18.83%
2010 20.50% 17.51% 17.17%
2009 20.12% 16.99% 18.16%
2008 19.00% 16.22% 16.81%
2007 18.66% 15.97% 14.68%
2006 18.90% 16.19% 16.78%

Renter Fraction in Walworth County Wisconsin

You can calculate the renter fraction in Walworth 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 Walworth County as a fraction of total Walworth County households. In 2017 30.53% of households were renters according to Census ACS data.

Walworth 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%
Walworth County WI 30.53% -2.59% -5.32%

Trends in the Walworth County WI Renter Fraction

The Walworth County household renter fraction peaked in in 2014 at 35.85% and is now 5.32% below that level. The origin year for the series is 2005.

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

Fraction of renters in Walworth County

History of Walworth County Renter Fraction

Date US Wisconsin Walworth County WI
2017 36.13% 33.39% 30.53%
2016 36.88% 33.34% 33.12%
2015 36.97% 33.21% 31.17%
2014 36.90% 33.40% 35.85%
2013 36.50% 32.82% 31.23%
2012 36.09% 32.71% 32.77%
2011 35.42% 32.15% 30.52%
2010 34.65% 31.30% 32.24%
2009 34.13% 31.02% 32.05%
2008 33.36% 29.87% 26.70%
2007 32.80% 29.92% 26.71%
2006 32.73% 29.55% 27.37%

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.