Department of Numbers

Longview Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Longview, TX (the Longview metro area) was $779 in 2015 according to the Census ACS survey.1 Average gross rent in Longview was $774 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 Longview median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Longview 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%
Longview, TX Median Gross Rent $779 +0.78% +10.97%

Longview, TX Real Gross Rent Trends

At $779, real median gross rent in Longview was at its highest level in 2015 since the series began in 2005. At $774, real average gross rent in Longview was at its highest level in 2015 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Longview

Date US
Median
Texas
Median
Longview, TX
Median
Longview, TX
Average
2015 $959 $932 $779 $774
2014 $930 $892 $773 $716
2013 $898 $851 $713 $703
2012 $886 $833 $702 $668
2011 $887 $828 $746 $708
2010 $901 $844 $765 $711
2009 $905 $847 $688 $624
2008 $920 $857 $698 $667
2007 $874 $813 $693 $640
2006 $883 $823 $695 $617
2005 $858 $791 $648 $615

Longview 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 Longview Texas was 9.00% according to Census ACS data.

Rental Vacancy Rate in Longview Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
Longview, TX 9.00% -1.03% -0.75%

Trends in Longview, TX Rental Vacancy Rate

The rental vacancy rate in Longview peaked in 2011 at 11.09%. Since then it has fallen by 2.09% to 9.00%. Data records for this series originated in 2005.

Rental Vacancy Rate: Longview TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Longview

Date US Texas Longview, TX
2015 5.85% 6.95% 9.00%
2014 6.32% 7.30% 10.03%
2013 6.49% 7.86%
2012 6.77% 8.53% 9.75%
2011 7.40% 9.23% 11.09%
2010 8.17% 10.60% 7.48%
2009 8.43% 10.69% 3.57%
2008 7.86% 10.24% 2.46%
2007 7.87% 10.61% 2.31%
2006 7.70% 10.28% 3.51%
2005 7.74% 10.60% 2.31%

Rent as a Fraction of Income

Using median household income data for Longview, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Longview, median monthly gross rent as a fraction of median household income was 19.67% in 2015 according to the ACS.

Longview 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%
Longview, TX 19.67% +0.83% -0.09%

Trends in Longview, TX Rent as a Fraction of Income

The fraction of median Longview household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.82%. Since then it has fallen by 1.15% to 19.67%.

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

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

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

Date US Texas Longview, TX
2015 20.63% 20.10% 19.67%
2014 20.89% 20.27% 18.84%
2013 20.78% 19.89% 19.07%
2012 20.65% 19.65% 19.75%
2011 20.70% 19.75% 20.50%
2010 20.50% 19.77% 20.82%
2009 20.12% 19.59% 17.59%
2008 19.00% 18.42% 16.68%
2007 18.66% 18.52% 18.19%
2006 18.90% 18.99% 18.08%
2005 18.89% 19.11% 17.92%

Renter Fraction in Longview Texas

You can calculate the renter fraction in Longview 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 Longview as a fraction of total Longview households. In 2015 33.97% of households were renters according to Census ACS data.

Longview 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%
Longview, TX 33.97% +2.04% +3.18%

Trends in the Longview, TX Renter Fraction

The Longview household renter fraction peaked in in 2013 at 35.49% and is now 1.52% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Longview TX, Texas, US

Fraction of renters in Longview

History of Longview Renter Fraction

Date US Texas Longview, TX
2015 36.97% 38.94% 33.97%
2014 36.90% 38.84% 31.93%
2013 36.50% 38.16% 35.49%
2012 36.09% 37.72% 30.79%
2011 35.42% 37.08% 31.22%
2010 34.65% 36.42% 29.91%
2009 34.13% 36.32% 32.03%
2008 33.36% 35.10% 32.89%
2007 32.80% 34.82% 32.86%
2006 32.73% 34.75% 29.28%
2005 33.10% 35.29% 29.47%

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.