Department of Numbers

Sevier County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Sevier County TN was $743 in 2017 according to the Census ACS survey.1 Average gross rent in Sevier County was $734 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 Sevier County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Sevier 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%
Sevier County TN Median Gross Rent $743 +2.62% -0.40%

Sevier County TN Real Gross Rent Trends

Median gross rent for Sevier County peaked in real terms in 2006 at $750 and is now $7 (0.93%) lower. At $734, real average gross rent in Sevier County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sevier County

Date US
Median
Tennessee
Median
Sevier County TN
Median
Sevier County TN
Average
2017 $1,012 $833 $743 $734
2016 $996 $819 $724 $674
2015 $987 $808 $718 $733
2014 $956 $788 $746 $688
2013 $924 $764 $687 $702
2012 $912 $753 $747 $668
2011 $912 $749 $728 $681
2010 $927 $755 $698 $706
2009 $931 $754 $716 $606
2008 $947 $758 $716 $709
2007 $899 $722 $704 $645
2006 $909 $730 $750 $682

Sevier County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Sevier County Tennessee was 25.58% according to Census ACS data.

Rental Vacancy Rate in Sevier County Tennessee

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Tennessee 6.67% -0.01% -0.57%
Sevier County TN 25.58% -0.91% +11.29%

Trends in Sevier County TN Rental Vacancy Rate

The rental vacancy rate in Sevier County peaked in 2010 at 32.02%. Since then it has fallen by 6.44% to 25.58%. Data records for this series originated in 2005.

Rental Vacancy Rate: Sevier County TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Sevier County

Date US Tennessee Sevier County TN
2017 6.18% 6.67% 25.58%
2016 5.89% 6.68% 26.49%
2015 5.85% 7.13% 12.30%
2014 6.32% 7.24% 14.29%
2013 6.49% 7.86% 20.28%
2012 6.77% 7.89% 23.00%
2011 7.40% 8.54% 25.14%
2010 8.17% 10.33% 32.02%
2009 8.43% 10.52% 26.18%
2008 7.86% 10.30% 10.35%
2007 7.87% 9.20% 17.61%
2006 7.70% 9.61% 9.12%

Rent as a Fraction of Income

Using median household income data for Sevier County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sevier County, median monthly gross rent as a fraction of median household income was 17.85% in 2017 according to the ACS.

Sevier 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%
Sevier County TN 17.85% -0.91% -4.49%

Trends in Sevier County TN Rent as a Fraction of Income

The fraction of median Sevier County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.33%. Since then it has fallen by 4.49% to 17.85%.

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

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

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

Date US Tennessee Sevier County TN
2017 20.13% 19.47% 17.85%
2016 20.43% 19.92% 18.76%
2015 20.63% 19.93% 19.89%
2014 20.89% 20.83% 22.33%
2013 20.78% 20.26% 19.84%
2012 20.65% 20.48% 20.07%
2011 20.70% 20.58% 19.83%
2010 20.50% 20.17% 19.13%
2009 20.12% 19.61% 18.47%
2008 19.00% 18.16% 18.80%
2007 18.66% 17.96% 18.75%
2006 18.90% 18.25% 19.11%

Renter Fraction in Sevier County Tennessee

You can calculate the renter fraction in Sevier 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 Sevier County as a fraction of total Sevier County households. In 2017 30.82% of households were renters according to Census ACS data.

Sevier 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%
Sevier County TN 30.82% +0.52% -3.97%

Trends in the Sevier County TN Renter Fraction

The Sevier County household renter fraction peaked in in 2015 at 35.73% and is now 4.91% below that level. The origin year for the series is 2005.

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

Fraction of renters in Sevier County

History of Sevier County Renter Fraction

Date US Tennessee Sevier County TN
2017 36.13% 34.57% 30.82%
2016 36.88% 34.91% 30.30%
2015 36.97% 34.18% 35.73%
2014 36.90% 33.86% 34.79%
2013 36.50% 33.62% 33.67%
2012 36.09% 33.31% 31.50%
2011 35.42% 32.72% 34.51%
2010 34.65% 31.87% 31.91%
2009 34.13% 30.85% 30.48%
2008 33.36% 30.17% 29.08%
2007 32.80% 30.06% 26.20%
2006 32.73% 30.10% 28.47%

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.