Department of Numbers

Maury County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Maury County TN was $951 in 2017 according to the Census ACS survey.1 Average gross rent in Maury County was $872 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 Maury County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Maury 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%
Maury County TN Median Gross Rent $951 +22.24% +18.28%

Maury County TN Real Gross Rent Trends

At $951, real median gross rent in Maury County was at its highest level in 2017 since the series began in 2005. At $872, real average gross rent in Maury County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Maury County

Date US
Median
Tennessee
Median
Maury County TN
Median
Maury County TN
Average
2017 $1,012 $833 $951 $872
2016 $996 $819 $778 $841
2015 $987 $808 $807 $871
2014 $956 $788 $804 $719
2013 $924 $764 $658 $632
2012 $912 $753 $661 $611
2011 $912 $749 $682 $680
2010 $927 $755 $684 $636
2009 $931 $754 $653 $612
2008 $947 $758 $709 $739
2007 $899 $722 $701 $664
2006 $909 $730 $741 $665

Historical Rental Vacancy Rate data for Maury County

Date US Tennessee Maury 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% 4.71%
2011 7.40% 8.54%
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 Maury County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Maury County, median monthly gross rent as a fraction of median household income was 19.93% in 2017 according to the ACS.

Maury 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%
Maury County TN 19.93% +1.76% +2.48%

Trends in Maury County TN Rent as a Fraction of Income

Maury County renters paid 19.93% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Tennessee Maury County TN
2017 20.13% 19.47% 19.93%
2016 20.43% 19.92% 18.17%
2015 20.63% 19.93% 18.55%
2014 20.89% 20.83% 17.45%
2013 20.78% 20.26% 16.91%
2012 20.65% 20.48% 18.33%
2011 20.70% 20.58% 19.28%
2010 20.50% 20.17% 16.67%
2009 20.12% 19.61% 16.57%
2008 19.00% 18.16% 15.89%
2007 18.66% 17.96% 16.27%
2006 18.90% 18.25% 16.67%

Renter Fraction in Maury County Tennessee

You can calculate the renter fraction in Maury 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 Maury County as a fraction of total Maury County households. In 2017 29.49% of households were renters according to Census ACS data.

Maury 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%
Maury County TN 29.49% -1.13% -0.04%

Trends in the Maury County TN Renter Fraction

The Maury County household renter fraction peaked in in 2012 at 35.72% and is now 6.23% below that level. The origin year for the series is 2005.

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

Fraction of renters in Maury County

History of Maury County Renter Fraction

Date US Tennessee Maury County TN
2017 36.13% 34.57% 29.49%
2016 36.88% 34.91% 30.62%
2015 36.97% 34.18% 35.32%
2014 36.90% 33.86% 29.53%
2013 36.50% 33.62% 30.63%
2012 36.09% 33.31% 35.72%
2011 35.42% 32.72% 28.96%
2010 34.65% 31.87% 27.57%
2009 34.13% 30.85% 26.40%
2008 33.36% 30.17% 30.97%
2007 32.80% 30.06% 27.54%
2006 32.73% 30.10% 30.40%

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.