Department of Numbers

Natrona County Wyoming Residential Rent and Rental Statistics

The median monthly gross residential rent in Natrona County WY was $871 in 2017 according to the Census ACS survey.1 Average gross rent in Natrona County was $891 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 Natrona County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Natrona County Wyoming (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Wyoming Median Gross Rent $832 -2.46% +2.59%
Natrona County WY Median Gross Rent $871 +2.23% +0.23%

Natrona County WY Real Gross Rent Trends

At $871, real median gross rent in Natrona County was at its highest level in 2017 since the series began in 2005. Average gross rent for Natrona County peaked in real terms in 2015 at $917 and is now $26 (2.84%) lower.

Real Gross Rent: Natrona County WY Median, Natrona County WY Average, Wyoming Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Natrona County

Date US
Median
Wyoming
Median
Natrona County WY
Median
Natrona County WY
Average
2017 $1,012 $832 $871 $891
2016 $996 $853 $852 $866
2015 $987 $839 $835 $917
2014 $956 $811 $869 $911
2013 $924 $797 $821 $845
2012 $912 $766 $832 $848
2011 $912 $795 $848 $883
2010 $927 $751 $824 $820
2009 $931 $774 $765 $809
2008 $947 $731 $770 $894
2007 $899 $725 $644 $733
2006 $909 $716 $665 $693

Natrona 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 Natrona County Wyoming was 13.71% according to Census ACS data.

Rental Vacancy Rate in Natrona County Wyoming

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wyoming 16.11% +5.28% +9.19%
Natrona County WY 13.71% +3.76%

Trends in Natrona County WY Rental Vacancy Rate

At 13.71%, Natrona County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Natrona County WY, Wyoming, US

Rental vacancy rate in Wyoming

Historical Rental Vacancy Rate data for Natrona County

Date US Wyoming Natrona County WY
2017 6.18% 16.11% 13.71%
2016 5.89% 10.83% 9.95%
2015 5.85% 9.97%
2014 6.32% 6.92%
2013 6.49% 8.15%
2012 6.77% 8.13%
2011 7.40% 9.05% 5.85%
2010 8.17% 6.36%
2009 8.43% 7.03% 7.29%
2008 7.86% 8.05%
2007 7.87% 5.25% 3.99%
2006 7.70% 6.09%

Rent as a Fraction of Income

Using median household income data for Natrona County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Natrona County, median monthly gross rent as a fraction of median household income was 17.26% in 2017 according to the ACS.

Natrona County Wyoming Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Wyoming 16.52% -0.31% -0.14%
Natrona County WY 17.26% +0.33% -0.80%

Trends in Natrona County WY Rent as a Fraction of Income

The fraction of median Natrona County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.48%. Since then it has fallen by 1.22% to 17.26%.

Fraction of Income towards Rent: Natrona County WY, Wyoming, US

Percent of median household income going towards median monthly gross rent in Natrona County Wyoming

Historical Data for Annual Rent as a Fraction of Income in Natrona County Wyoming

Date US Wyoming Natrona County WY
2017 20.13% 16.52% 17.26%
2016 20.43% 16.83% 16.93%
2015 20.63% 16.24% 18.42%
2014 20.89% 16.66% 18.07%
2013 20.78% 15.93% 16.45%
2012 20.65% 16.22% 17.74%
2011 20.70% 16.17% 18.48%
2010 20.50% 15.54% 17.63%
2009 20.12% 15.95% 14.78%
2008 19.00% 14.34% 15.84%
2007 18.66% 14.75% 15.48%
2006 18.90% 15.21% 14.61%

Renter Fraction in Natrona County Wyoming

You can calculate the renter fraction in Natrona 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 Natrona County as a fraction of total Natrona County households. In 2017 27.62% of households were renters according to Census ACS data.

Natrona County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Wyoming 29.23% -1.95% -3.87%
Natrona County WY 27.62% -7.37% -9.44%

Trends in the Natrona County WY Renter Fraction

The Natrona County household renter fraction peaked in in 2015 at 37.96% and is now 10.34% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Natrona County WY, Wyoming, US

Fraction of renters in Natrona County

History of Natrona County Renter Fraction

Date US Wyoming Natrona County WY
2017 36.13% 29.23% 27.62%
2016 36.88% 31.18% 34.99%
2015 36.97% 32.04% 37.96%
2014 36.90% 33.10% 37.06%
2013 36.50% 30.94% 32.10%
2012 36.09% 30.95% 31.43%
2011 35.42% 29.35% 31.32%
2010 34.65% 30.31% 28.41%
2009 34.13% 29.08% 28.58%
2008 33.36% 29.91% 29.82%
2007 32.80% 30.74% 33.36%
2006 32.73% 30.48% 27.75%

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.