Department of Numbers

Beaumont Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Beaumont, TX (the Beaumont-Port Arthur metro area) was $696 in 2012 according to the Census ACS survey.1 Average gross rent in Beaumont was $670 in 2012. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2013 Beaumont median and average rent data will be released in September of 2014.

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

Show dollars as: Nominal Real

Real Gross Rent in Beaumont Texas (2012 dollars)2

2012 1 Year Change 3 Year Change
US Median Gross Rent $884 -0.23% -1.23%
Texas Median Gross Rent $831 +0.48% -0.84%
Beaumont, TX Median Gross Rent $696 -10.65% -0.57%

Beaumont, TX Real Gross Rent Trends

Median gross rent for Beaumont peaked in real terms in 2011 at $779 and is now $83 (10.65%) lower. Average gross rent for Beaumont peaked in real terms in 2011 at $732 and is now $62 (8.47%) lower.

Real Gross Rent in Beaumont: Beaumont TX Median, Beaumont TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Beaumont

Date US
Median
Texas
Median
Beaumont, TX
Median
Beaumont, TX
Average
2012 $884 $831 $696 $670
2011 $886 $827 $779 $732
2010 $896 $840 $752 $680
2009 $895 $838 $700 $652
2008 $901 $840 $726 $711
2007 $862 $802 $708 $659
2006 $868 $809 $675 $621
2005 $849 $783 $649 $611

Beaumont Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Beaumont Texas was 12.84% according to Census ACS data.

Rental Vacancy Rate in Beaumont Texas

2012 1 Year Change 3 Year Change
US 6.77% -0.63% -1.66%
Texas 8.53% -0.70% -2.16%
Beaumont, TX 12.84% +3.55% +7.89%

Trends in Beaumont, TX Rental Vacancy Rate

At 12.84%, Beaumont residential rental vacancy rate in 2012 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Beaumont TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Beaumont

Date US Texas Beaumont, TX
2012 6.77% 8.53% 12.84%
2011 7.40% 9.23% 9.29%
2010 8.17% 10.60% 11.67%
2009 8.43% 10.69% 4.95%
2008 7.86% 10.24% 6.90%
2007 7.87% 10.61% 8.36%
2006 7.70% 10.28% 6.91%
2005 7.74% 10.60% 8.87%

Rent as a Fraction of Income

Using median household income data for Beaumont, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Beaumont, median monthly gross rent as a fraction of median household income was 19.23% in 2012 according to the ACS.

Beaumont Texas Median Annual Rent as a Fraction of Median Household Income

2012 1 Year Change 3 Year Change
US 20.65% -0.05% +0.53%
Texas 19.65% -0.10% +0.06%
Beaumont, TX 19.23% -2.05% +1.23%

Trends in Beaumont, TX Rent as a Fraction of Income

The fraction of median Beaumont household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 21.29%. Since then it has fallen by 2.05% to 19.23%.

Fraction of Income towards Rent: Beaumont TX, Texas, US

Percent of median household income going towards median monthly gross rent in Beaumont Texas

Historical Data for Annual Rent as a Fraction of Income in Beaumont Texas

Date US Texas Beaumont, TX
2012 20.65% 19.65% 19.23%
2011 20.70% 19.75% 21.29%
2010 20.50% 19.77% 20.84%
2009 20.12% 19.59% 18.01%
2008 19.00% 18.42% 16.68%
2007 18.66% 18.52% 17.84%
2006 18.90% 18.99% 17.53%
2005 18.89% 19.11% 17.73%

Renter Fraction in Beaumont Texas

You can calculate the renter fraction in Beaumont 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 Beaumont as a fraction of total Beaumont households. In 2012 30.36% of households were renters according to Census ACS data.

Beaumont Fraction of Renters by Household Units

2012 1 Year Change 3 Year Change
US 36.09% +0.67% +1.96%
Texas 37.72% +0.64% +1.40%
Beaumont, TX 30.36% -0.81% -3.19%

Trends in the Beaumont, TX Renter Fraction

The Beaumont household renter fraction peaked in in 2009 at 33.55% and is now 3.19% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Beaumont TX, Texas, US

Fraction of renters in Beaumont

History of Beaumont Renter Fraction

Date US Texas Beaumont, TX
2012 36.09% 37.72% 30.36%
2011 35.42% 37.08% 31.17%
2010 34.65% 36.42% 32.36%
2009 34.13% 36.32% 33.55%
2008 33.36% 35.10% 30.30%
2007 32.80% 34.82% 30.10%
2006 32.73% 34.75% 30.38%
2005 33.10% 35.29% 32.55%

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 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.