The 2013 American Community Survey (ACS) data, released on September 18, reveal that the number of renters in the U.S. continued to rise. According to the one-year data, there were 42.4 million renters in 2013, up from 41.9 million in 2012. Renters continued to face high rates of housing cost burden and low vacancy rates.
Renters made up 36.5% of all households, up from 35.1% in 2012 and 32.7% in 2006, the year before the recent recession. This surge in the number of renters caused vacancy rates to fall to 6.5%. Median monthly gross rent increased from $894 in 2012 to $905 in 2013, while median monthly owner costs decreased from $1,479 to $1,436.
Median household income increased slightly from $51,915 in 2012 to $52,250 in 2013, the first increase in median household income reported in the ACS since 2006. (The median household income reported here is slightly different from the figures reported in the previous article about the poverty rate because different surveys yielded the data.)
In 2013, approximately 3.5 million households responded to the social, economic, and housing questions on the ACS. The one-year ACS survey results are available at the state, county, and local levels for areas with populations of at least 65,000.
The 2013 ACS data is available on American FactFinder at http://1.usa.gov/exR4dS