Department of Numbers

College Station Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in College Station, TX (the College Station-Bryan metro area) was $860 in 2015 according to the Census ACS survey.1 Average gross rent in College Station was $880 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 College Station median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in College Station Texas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Texas Median Gross Rent $932 +4.48% +11.88%
College Station, TX Median Gross Rent $860 +1.30% +8.18%

College Station, TX Real Gross Rent Trends

At $860, real median gross rent in College Station was at its highest level in 2015 since the series began in 2005. Average gross rent for College Station peaked in real terms in 2014 at $919 and is now $39 (4.24%) lower.

Real Gross Rent in College Station: College Station TX Median, College Station TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for College Station

Date US
Median
Texas
Median
College Station, TX
Median
College Station, TX
Average
2015 $959 $932 $860 $880
2014 $930 $892 $849 $919
2013 $898 $851 $825 $882
2012 $886 $833 $795 $879
2011 $887 $828 $848 $890
2010 $901 $844 $837 $869
2009 $905 $847 $847 $878
2008 $920 $857 $779 $778
2007 $874 $813 $734 $762
2006 $883 $823 $732 $767
2005 $858 $791 $778 $785

College Station 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 College Station Texas was 4.48% according to Census ACS data.

Rental Vacancy Rate in College Station Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
College Station, TX 4.48% -0.07% -6.02%

Trends in College Station, TX Rental Vacancy Rate

The rental vacancy rate in College Station peaked in 2011 at 13.27%. Since then it has fallen by 8.79% to 4.48%. Data records for this series originated in 2005.

Rental Vacancy Rate: College Station TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for College Station

Date US Texas College Station, TX
2015 5.85% 6.95% 4.48%
2014 6.32% 7.30% 4.55%
2013 6.49% 7.86% 8.26%
2012 6.77% 8.53% 10.50%
2011 7.40% 9.23% 13.27%
2010 8.17% 10.60% 9.32%
2009 8.43% 10.69% 5.76%
2008 7.86% 10.24% 7.49%
2007 7.87% 10.61% 7.58%
2006 7.70% 10.28% 9.08%
2005 7.74% 10.60% 6.12%

Rent as a Fraction of Income

Using median household income data for College Station, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For College Station, median monthly gross rent as a fraction of median household income was 22.27% in 2015 according to the ACS.

College Station Texas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Texas 20.10% -0.18% +0.44%
College Station, TX 22.27% -2.03% -1.32%

Trends in College Station, TX Rent as a Fraction of Income

The fraction of median College Station household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 28.22%. Since then it has fallen by 5.95% to 22.27%.

Fraction of Income towards Rent: College Station TX, Texas, US

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

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

Date US Texas College Station, TX
2015 20.63% 20.10% 22.27%
2014 20.89% 20.27% 24.30%
2013 20.78% 19.89% 25.15%
2012 20.65% 19.65% 23.59%
2011 20.70% 19.75% 28.22%
2010 20.50% 19.77% 26.53%
2009 20.12% 19.59% 27.70%
2008 19.00% 18.42% 22.20%
2007 18.66% 18.52% 20.81%
2006 18.90% 18.99% 20.97%
2005 18.89% 19.11% 25.63%

Renter Fraction in College Station Texas

You can calculate the renter fraction in College Station 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 College Station as a fraction of total College Station households. In 2015 50.47% of households were renters according to Census ACS data.

College Station Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Texas 38.94% +0.10% +1.22%
College Station, TX 50.47% -1.85% +1.58%

Trends in the College Station, TX Renter Fraction

The College Station household renter fraction peaked in in 2014 at 52.32% and is now 1.85% below that level. The origin year for the series is 2005.

Fraction of Renting Households: College Station TX, Texas, US

Fraction of renters in College Station

History of College Station Renter Fraction

Date US Texas College Station, TX
2015 36.97% 38.94% 50.47%
2014 36.90% 38.84% 52.32%
2013 36.50% 38.16% 51.35%
2012 36.09% 37.72% 48.89%
2011 35.42% 37.08% 49.85%
2010 34.65% 36.42% 48.20%
2009 34.13% 36.32% 50.13%
2008 33.36% 35.10% 48.95%
2007 32.80% 34.82% 48.56%
2006 32.73% 34.75% 46.70%
2005 33.10% 35.29% 48.51%

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.