Department of Numbers

Killeen Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Killeen, TX (the Killeen-Temple-Fort Hood metro area) was $858 in 2015 according to the Census ACS survey.1 Average gross rent in Killeen was $878 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 Killeen median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Killeen 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%
Killeen, TX Median Gross Rent $858 -1.04% +3.50%

Killeen, TX Real Gross Rent Trends

Median gross rent for Killeen peaked in real terms in 2008 at $903 and is now $45 (4.98%) lower. From a recent low of 814.0 in 2013, real median gross rent has now increased by $44 (5.41%). Average gross rent for Killeen peaked in real terms in 2014 at $879 and is now $1 (0.11%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Killeen

Date US
Median
Texas
Median
Killeen, TX
Median
Killeen, TX
Average
2015 $959 $932 $858 $878
2014 $930 $892 $867 $879
2013 $898 $851 $814 $808
2012 $886 $833 $829 $821
2011 $887 $828 $859 $797
2010 $901 $844 $853 $828
2009 $905 $847 $889 $805
2008 $920 $857 $903 $833
2007 $874 $813 $852 $787
2006 $883 $823 $847 $788
2005 $858 $791 $820 $800

Killeen 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 Killeen Texas was 8.76% according to Census ACS data.

Rental Vacancy Rate in Killeen Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
Killeen, TX 8.76% -4.46% -10.04%

Trends in Killeen, TX Rental Vacancy Rate

The rental vacancy rate in Killeen peaked in 2011 at 22.16%. Since then it has fallen by 13.40% to 8.76%. Data records for this series originated in 2005.

Rental Vacancy Rate: Killeen TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Killeen

Date US Texas Killeen, TX
2015 5.85% 6.95% 8.76%
2014 6.32% 7.30% 13.22%
2013 6.49% 7.86% 21.47%
2012 6.77% 8.53% 18.80%
2011 7.40% 9.23% 22.16%
2010 8.17% 10.60% 19.58%
2009 8.43% 10.69% 15.41%
2008 7.86% 10.24% 15.54%
2007 7.87% 10.61% 18.79%
2006 7.70% 10.28% 15.28%
2005 7.74% 10.60% 9.51%

Rent as a Fraction of Income

Using median household income data for Killeen, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Killeen, median monthly gross rent as a fraction of median household income was 21.18% in 2015 according to the ACS.

Killeen 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%
Killeen, TX 21.18% +0.47% +0.77%

Trends in Killeen, TX Rent as a Fraction of Income

The fraction of median Killeen household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.09%. Since then it has fallen by 0.91% to 21.18%.

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

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

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

Date US Texas Killeen, TX
2015 20.63% 20.10% 21.18%
2014 20.89% 20.27% 20.71%
2013 20.78% 19.89% 19.51%
2012 20.65% 19.65% 20.41%
2011 20.70% 19.75% 21.80%
2010 20.50% 19.77% 19.53%
2009 20.12% 19.59% 22.09%
2008 19.00% 18.42% 19.51%
2007 18.66% 18.52% 19.50%
2006 18.90% 18.99% 20.69%
2005 18.89% 19.11% 20.11%

Renter Fraction in Killeen Texas

You can calculate the renter fraction in Killeen 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 Killeen as a fraction of total Killeen households. In 2015 47.11% of households were renters according to Census ACS data.

Killeen 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%
Killeen, TX 47.11% +1.67% +5.04%

Trends in the Killeen, TX Renter Fraction

At 47.11%, the 2015 household based renter fraction in Killeen was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Killeen TX, Texas, US

Fraction of renters in Killeen

History of Killeen Renter Fraction

Date US Texas Killeen, TX
2015 36.97% 38.94% 47.11%
2014 36.90% 38.84% 45.44%
2013 36.50% 38.16% 42.51%
2012 36.09% 37.72% 42.07%
2011 35.42% 37.08% 44.05%
2010 34.65% 36.42% 42.10%
2009 34.13% 36.32% 42.31%
2008 33.36% 35.10% 40.44%
2007 32.80% 34.82% 36.06%
2006 32.73% 34.75% 40.16%
2005 33.10% 35.29% 42.80%

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.