Department of Numbers

Texarkana Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Texarkana, TX (the Texarkana metro area) was $731 in 2015 according to the Census ACS survey.1 Average gross rent in Texarkana was $704 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 Texarkana median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Texarkana 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%
Texarkana, TX Median Gross Rent $731 +6.56% +13.33%

Texarkana, TX Real Gross Rent Trends

At $731, real median gross rent in Texarkana was at its highest level in 2015 since the series began in 2005. At $704, real average gross rent in Texarkana was at its highest level in 2015 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Texarkana

Date US
Median
Texas
Median
Texarkana, TX
Median
Texarkana, TX
Average
2015 $959 $932 $731 $704
2014 $930 $892 $686 $628
2013 $898 $851 $668 $633
2012 $886 $833 $645 $645
2011 $887 $828 $694 $643
2010 $901 $844 $706 $643
2009 $905 $847 $677 $612
2008 $920 $857 $716 $625
2007 $874 $813 $632 $543
2006 $883 $823 $653 $627
2005 $858 $791 $646 $572

Texarkana 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 Texarkana Texas was 8.46% according to Census ACS data.

Rental Vacancy Rate in Texarkana Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
Texarkana, TX 8.46% -3.09% +4.23%

Trends in Texarkana, TX Rental Vacancy Rate

The rental vacancy rate in Texarkana peaked in 2013 at 12.00%. Since then it has fallen by 3.54% to 8.46%. Data records for this series originated in 2005.

Rental Vacancy Rate: Texarkana TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Texarkana

Date US Texas Texarkana, TX
2015 5.85% 6.95% 8.46%
2014 6.32% 7.30% 11.55%
2013 6.49% 7.86% 12.00%
2012 6.77% 8.53% 4.23%
2011 7.40% 9.23% 9.33%
2010 8.17% 10.60% 10.74%
2009 8.43% 10.69%
2008 7.86% 10.24% 7.13%
2007 7.87% 10.61% 8.02%
2006 7.70% 10.28% 6.10%
2005 7.74% 10.60% 3.62%

Rent as a Fraction of Income

Using median household income data for Texarkana, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Texarkana, median monthly gross rent as a fraction of median household income was 22.60% in 2015 according to the ACS.

Texarkana 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%
Texarkana, TX 22.60% +2.32% +2.59%

Trends in Texarkana, TX Rent as a Fraction of Income

Texarkana renters paid 22.60% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Texas Texarkana, TX
2015 20.63% 20.10% 22.60%
2014 20.89% 20.27% 20.28%
2013 20.78% 19.89% 20.00%
2012 20.65% 19.65% 20.01%
2011 20.70% 19.75% 19.61%
2010 20.50% 19.77% 19.83%
2009 20.12% 19.59% 18.57%
2008 19.00% 18.42% 20.00%
2007 18.66% 18.52% 16.91%
2006 18.90% 18.99% 16.70%
2005 18.89% 19.11% 20.59%

Renter Fraction in Texarkana Texas

You can calculate the renter fraction in Texarkana 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 Texarkana as a fraction of total Texarkana households. In 2015 34.22% of households were renters according to Census ACS data.

Texarkana 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%
Texarkana, TX 34.22% -1.11% -2.97%

Trends in the Texarkana, TX Renter Fraction

The Texarkana household renter fraction peaked in in 2012 at 37.19% and is now 2.97% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Texarkana TX, Texas, US

Fraction of renters in Texarkana

History of Texarkana Renter Fraction

Date US Texas Texarkana, TX
2015 36.97% 38.94% 34.22%
2014 36.90% 38.84% 35.33%
2013 36.50% 38.16% 35.34%
2012 36.09% 37.72% 37.19%
2011 35.42% 37.08% 32.10%
2010 34.65% 36.42% 31.58%
2009 34.13% 36.32% 32.67%
2008 33.36% 35.10% 36.65%
2007 32.80% 34.82% 35.57%
2006 32.73% 34.75% 34.29%
2005 33.10% 35.29% 33.20%

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.