Department of Numbers

Kingsport Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Kingsport, TN (the Kingsport-Bristol-Bristol metro area) was $621 in 2015 according to the Census ACS survey.1 Average gross rent in Kingsport was $559 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Kingsport median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Kingsport Tennessee (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Tennessee Median Gross Rent $785 +2.48% +7.24%
Kingsport, TN Median Gross Rent $621 +7.81% +4.37%

Kingsport, TN Real Gross Rent Trends

Median gross rent for Kingsport peaked in real terms in 2009 at $629 and is now $8 (1.27%) lower. Average gross rent for Kingsport peaked in real terms in 2014 at $560 and is now $1 (0.18%) lower.

Real Gross Rent in Kingsport: Kingsport TN Median, Kingsport TN Average, Tennessee Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kingsport

Date US
Median
Tennessee
Median
Kingsport, TN
Median
Kingsport, TN
Average
2015 $959 $785 $621 $559
2014 $930 $766 $576 $560
2013 $898 $743 $583 $557
2012 $886 $732 $595 $551
2011 $887 $728 $592 $550
2010 $901 $734 $583 $532
2009 $905 $733 $629 $552
2008 $920 $737 $591 $535
2007 $874 $702 $533 $502
2006 $883 $710 $556 $501
2005 $858 $687 $534 $484

Kingsport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Kingsport Tennessee was 5.17% according to Census ACS data.

Rental Vacancy Rate in Kingsport Tennessee

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Tennessee 7.13% -0.11% -0.76%
Kingsport, TN 5.17% -0.17% +0.58%

Trends in Kingsport, TN Rental Vacancy Rate

The rental vacancy rate in Kingsport peaked in 2009 at 9.31%. Since then it has fallen by 4.14% to 5.17%. Data records for this series originated in 2005.

Rental Vacancy Rate: Kingsport TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Kingsport

Date US Tennessee Kingsport, TN
2015 5.85% 7.13% 5.17%
2014 6.32% 7.24% 5.34%
2013 6.49% 7.86% 8.39%
2012 6.77% 7.89% 4.59%
2011 7.40% 8.54% 7.03%
2010 8.17% 10.33% 6.80%
2009 8.43% 10.52% 9.31%
2008 7.86% 10.30% 5.73%
2007 7.87% 9.20% 3.44%
2006 7.70% 9.61% 5.33%
2005 7.74% 8.82% 7.50%

Rent as a Fraction of Income

Using median household income data for Kingsport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kingsport, median monthly gross rent as a fraction of median household income was 18.08% in 2015 according to the ACS.

Kingsport Tennessee Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Tennessee 19.93% -0.90% -0.56%
Kingsport, TN 18.08% +0.37% -0.76%

Trends in Kingsport, TN Rent as a Fraction of Income

The fraction of median Kingsport household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.36%. Since then it has fallen by 1.28% to 18.08%.

Fraction of Income towards Rent: Kingsport TN, Tennessee, US

Percent of median household income going towards median monthly gross rent in Kingsport Tennessee

Historical Data for Annual Rent as a Fraction of Income in Kingsport Tennessee

Date US Tennessee Kingsport, TN
2015 20.63% 19.93% 18.08%
2014 20.89% 20.83% 17.72%
2013 20.78% 20.26% 18.00%
2012 20.65% 20.48% 18.84%
2011 20.70% 20.58% 18.44%
2010 20.50% 20.17% 19.10%
2009 20.12% 19.61% 19.36%
2008 19.00% 18.16% 16.24%
2007 18.66% 17.96% 15.83%
2006 18.90% 18.25% 16.49%
2005 18.89% 18.00% 16.15%

Renter Fraction in Kingsport Tennessee

You can calculate the renter fraction in Kingsport 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 Kingsport as a fraction of total Kingsport households. In 2015 29.24% of households were renters according to Census ACS data.

Kingsport Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Tennessee 34.18% +0.32% +0.87%
Kingsport, TN 29.24% +2.83% +2.98%

Trends in the Kingsport, TN Renter Fraction

At 29.24%, the 2015 household based renter fraction in Kingsport was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Kingsport TN, Tennessee, US

Fraction of renters in Kingsport

History of Kingsport Renter Fraction

Date US Tennessee Kingsport, TN
2015 36.97% 34.18% 29.24%
2014 36.90% 33.86% 26.41%
2013 36.50% 33.62% 25.38%
2012 36.09% 33.31% 26.26%
2011 35.42% 32.72% 26.61%
2010 34.65% 31.87% 27.49%
2009 34.13% 30.85% 27.65%
2008 33.36% 30.17% 25.64%
2007 32.80% 30.06% 26.13%
2006 32.73% 30.10% 24.30%
2005 33.10% 30.74% 25.43%

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.