Department of Numbers

Bradley County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Bradley County TN was $735 in 2017 according to the Census ACS survey.1 Average gross rent in Bradley County was $738 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Bradley County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bradley County Tennessee (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Tennessee Median Gross Rent $833 +1.71% +5.71%
Bradley County TN Median Gross Rent $735 +2.08% -3.67%

Bradley County TN Real Gross Rent Trends

Median gross rent for Bradley County peaked in real terms in 2010 at $764 and is now $29 (3.80%) lower. Average gross rent for Bradley County peaked in real terms in 2015 at $757 and is now $19 (2.51%) lower.

Real Gross Rent: Bradley County TN Median, Bradley County TN Average, Tennessee Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bradley County

Date US
Median
Tennessee
Median
Bradley County TN
Median
Bradley County TN
Average
2017 $1,012 $833 $735 $738
2016 $996 $819 $720 $680
2015 $987 $808 $753 $757
2014 $956 $788 $763 $704
2013 $924 $764 $685 $645
2012 $912 $753 $706 $701
2011 $912 $749 $699 $702
2010 $927 $755 $764 $710
2009 $931 $754 $700 $658
2008 $947 $758 $718 $667
2007 $899 $722 $655 $608
2006 $909 $730 $635 $572

Historical Rental Vacancy Rate data for Bradley County

Date US Tennessee Bradley County TN
2017 6.18% 6.67%
2016 5.89% 6.68%
2015 5.85% 7.13%
2014 6.32% 7.24%
2013 6.49% 7.86%
2012 6.77% 7.89%
2011 7.40% 8.54% 8.83%
2010 8.17% 10.33%
2009 8.43% 10.52%
2008 7.86% 10.30%
2007 7.87% 9.20%
2006 7.70% 9.61%

Rent as a Fraction of Income

Using median household income data for Bradley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bradley County, median monthly gross rent as a fraction of median household income was 18.05% in 2017 according to the ACS.

Bradley County Tennessee Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Tennessee 19.47% -0.45% -1.36%
Bradley County TN 18.05% -0.92% -2.95%

Trends in Bradley County TN Rent as a Fraction of Income

The fraction of median Bradley County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.88%. Since then it has fallen by 4.83% to 18.05%.

Fraction of Income towards Rent: Bradley County TN, Tennessee, US

Percent of median household income going towards median monthly gross rent in Bradley County Tennessee

Historical Data for Annual Rent as a Fraction of Income in Bradley County Tennessee

Date US Tennessee Bradley County TN
2017 20.13% 19.47% 18.05%
2016 20.43% 19.92% 18.97%
2015 20.63% 19.93% 20.47%
2014 20.89% 20.83% 21.00%
2013 20.78% 20.26% 18.85%
2012 20.65% 20.48% 21.32%
2011 20.70% 20.58% 21.55%
2010 20.50% 20.17% 22.88%
2009 20.12% 19.61% 19.31%
2008 19.00% 18.16% 18.77%
2007 18.66% 17.96% 17.79%
2006 18.90% 18.25% 17.20%

Renter Fraction in Bradley County Tennessee

You can calculate the renter fraction in Bradley County 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 Bradley County as a fraction of total Bradley County households. In 2017 36.27% of households were renters according to Census ACS data.

Bradley County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Tennessee 34.57% -0.34% +0.71%
Bradley County TN 36.27% +2.06% +2.10%

Trends in the Bradley County TN Renter Fraction

The Bradley County household renter fraction peaked in in 2015 at 38.98% and is now 2.71% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bradley County TN, Tennessee, US

Fraction of renters in Bradley County

History of Bradley County Renter Fraction

Date US Tennessee Bradley County TN
2017 36.13% 34.57% 36.27%
2016 36.88% 34.91% 34.21%
2015 36.97% 34.18% 38.98%
2014 36.90% 33.86% 34.17%
2013 36.50% 33.62% 32.72%
2012 36.09% 33.31% 35.22%
2011 35.42% 32.72% 35.77%
2010 34.65% 31.87% 31.05%
2009 34.13% 30.85% 31.26%
2008 33.36% 30.17% 33.07%
2007 32.80% 30.06% 33.23%
2006 32.73% 30.10% 34.12%

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.