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 $716 in 2013 according to the Census ACS survey.1 Average gross rent in Beaumont was $670 in 2013. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2014 Beaumont median and average rent data will be released in September of 2015.

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 (2013 dollars)2

2013 1 Year Change 3 Year Change
US Median Gross Rent $905 +0.89% -0.55%
Texas Median Gross Rent $857 +1.54% +0.59%
Beaumont, TX Median Gross Rent $716 +1.27% -6.16%

Beaumont, TX Real Gross Rent Trends

Median gross rent for Beaumont peaked in real terms in 2011 at $791 and is now $75 (9.48%) lower. Average gross rent for Beaumont peaked in real terms in 2011 at $743 and is now $73 (9.83%) 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
2013 $905 $857 $716 $670
2012 $897 $844 $707 $680
2011 $900 $840 $791 $743
2010 $910 $852 $763 $691
2009 $909 $851 $710 $662
2008 $914 $852 $737 $721
2007 $875 $814 $719 $669
2006 $881 $821 $685 $631
2005 $862 $795 $658 $621

Beaumont Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Beaumont Texas was 12.22% according to Census ACS data.

Rental Vacancy Rate in Beaumont Texas

2013 1 Year Change 3 Year Change
US 6.49% -0.28% -1.68%
Texas 7.86% -0.67% -2.74%
Beaumont, TX 12.22% -0.62% +0.55%

Trends in Beaumont, TX Rental Vacancy Rate

The rental vacancy rate in Beaumont peaked in 2012 at 12.84%. Since then it has fallen by 0.62% to 12.22%. Data records for this series originated in 2005.

Rental Vacancy Rate: Beaumont TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Beaumont

Date US Texas Beaumont, TX
2013 6.49% 7.86% 12.22%
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 19.09% in 2013 according to the ACS.

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

2013 1 Year Change 3 Year Change
US 20.78% +0.13% +0.28%
Texas 19.89% +0.24% +0.12%
Beaumont, TX 19.09% -0.15% -1.75%

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 2.20% to 19.09%.

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
2013 20.78% 19.89% 19.09%
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 2013 31.84% of households were renters according to Census ACS data.

Beaumont Fraction of Renters by Household Units

2013 1 Year Change 3 Year Change
US 36.50% +0.41% +1.85%
Texas 38.16% +0.44% +1.74%
Beaumont, TX 31.84% +1.48% -0.52%

Trends in the Beaumont, TX Renter Fraction

The Beaumont household renter fraction peaked in in 2009 at 33.55% and is now 1.71% 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
2013 36.50% 38.16% 31.84%
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.