Department of Numbers

Sumner County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Sumner County TN was $982 in 2017 according to the Census ACS survey.1 Average gross rent in Sumner County was $999 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 Sumner County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Sumner 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%
Sumner County TN Median Gross Rent $982 +7.91% +8.15%

Sumner County TN Real Gross Rent Trends

Median gross rent for Sumner County peaked in real terms in 2015 at $993 and is now $11 (1.11%) lower. Average gross rent for Sumner County peaked in real terms in 2015 at $1,020 and is now $21 (2.06%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sumner County

Date US
Median
Tennessee
Median
Sumner County TN
Median
Sumner County TN
Average
2017 $1,012 $833 $982 $999
2016 $996 $819 $910 $897
2015 $987 $808 $993 $1,020
2014 $956 $788 $908 $946
2013 $924 $764 $869 $815
2012 $912 $753 $858 $850
2011 $912 $749 $835 $850
2010 $927 $755 $851 $842
2009 $931 $754 $832 $822
2008 $947 $758 $884 $875
2007 $899 $722 $817 $825
2006 $909 $730 $772 $769

Sumner 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 Sumner County Tennessee was 4.60% according to Census ACS data.

Rental Vacancy Rate in Sumner County Tennessee

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Tennessee 6.67% -0.01% -0.57%
Sumner County TN 4.60% +1.03%

Trends in Sumner County TN Rental Vacancy Rate

The rental vacancy rate in Sumner County peaked in 2011 at 8.28%. Since then it has fallen by 3.68% to 4.60%. Data records for this series originated in 2005. From a 2016 post peak low of 3.57%, the rental vacancy rate has increased by 1.03%.

Rental Vacancy Rate: Sumner County TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Sumner County

Date US Tennessee Sumner County TN
2017 6.18% 6.67% 4.60%
2016 5.89% 6.68% 3.57%
2015 5.85% 7.13% 5.45%
2014 6.32% 7.24%
2013 6.49% 7.86% 5.66%
2012 6.77% 7.89% 6.67%
2011 7.40% 8.54% 8.28%
2010 8.17% 10.33%
2009 8.43% 10.52% 8.07%
2008 7.86% 10.30%
2007 7.87% 9.20%
2006 7.70% 9.61% 5.30%

Rent as a Fraction of Income

Using median household income data for Sumner County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sumner County, median monthly gross rent as a fraction of median household income was 18.13% in 2017 according to the ACS.

Sumner 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%
Sumner County TN 18.13% +0.35% -0.13%

Trends in Sumner County TN Rent as a Fraction of Income

The fraction of median Sumner County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.00%. Since then it has fallen by 1.87% to 18.13%.

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

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

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

Date US Tennessee Sumner County TN
2017 20.13% 19.47% 18.13%
2016 20.43% 19.92% 17.77%
2015 20.63% 19.93% 19.38%
2014 20.89% 20.83% 18.25%
2013 20.78% 20.26% 18.26%
2012 20.65% 20.48% 18.12%
2011 20.70% 20.58% 18.35%
2010 20.50% 20.17% 20.00%
2009 20.12% 19.61% 16.71%
2008 19.00% 18.16% 16.75%
2007 18.66% 17.96% 16.97%
2006 18.90% 18.25% 14.59%

Renter Fraction in Sumner County Tennessee

You can calculate the renter fraction in Sumner 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 Sumner County as a fraction of total Sumner County households. In 2017 25.54% of households were renters according to Census ACS data.

Sumner 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%
Sumner County TN 25.54% -1.64% -1.86%

Trends in the Sumner County TN Renter Fraction

The Sumner County household renter fraction peaked in in 2011 at 31.36% and is now 5.82% below that level. The origin year for the series is 2005.

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

Fraction of renters in Sumner County

History of Sumner County Renter Fraction

Date US Tennessee Sumner County TN
2017 36.13% 34.57% 25.54%
2016 36.88% 34.91% 27.18%
2015 36.97% 34.18% 28.00%
2014 36.90% 33.86% 27.40%
2013 36.50% 33.62% 27.83%
2012 36.09% 33.31% 27.17%
2011 35.42% 32.72% 31.36%
2010 34.65% 31.87% 28.38%
2009 34.13% 30.85% 25.84%
2008 33.36% 30.17% 26.20%
2007 32.80% 30.06% 24.69%
2006 32.73% 30.10% 24.08%

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.