Department of Numbers

Washington County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Washington County TN was $698 in 2017 according to the Census ACS survey.1 Average gross rent in Washington County was $700 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 Washington County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Washington 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%
Washington County TN Median Gross Rent $698 -3.46% -4.38%

Washington County TN Real Gross Rent Trends

Median gross rent for Washington County peaked in real terms in 2015 at $741 and is now $43 (5.80%) lower. Average gross rent for Washington County peaked in real terms in 2015 at $725 and is now $25 (3.45%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Washington County

Date US
Median
Tennessee
Median
Washington County TN
Median
Washington County TN
Average
2017 $1,012 $833 $698 $700
2016 $996 $819 $723 $711
2015 $987 $808 $741 $725
2014 $956 $788 $730 $680
2013 $924 $764 $640 $618
2012 $912 $753 $691 $647
2011 $912 $749 $684 $597
2010 $927 $755 $681 $687
2009 $931 $754 $685 $678
2008 $947 $758 $701 $724
2007 $899 $722 $639 $602
2006 $909 $730 $609 $561

Washington 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 Washington County Tennessee was 4.29% according to Census ACS data.

Rental Vacancy Rate in Washington County Tennessee

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Tennessee 6.67% -0.01% -0.57%
Washington County TN 4.29% -0.06% -3.53%

Trends in Washington County TN Rental Vacancy Rate

The rental vacancy rate in Washington County peaked in 2008 at 9.13%. Since then it has fallen by 4.84% to 4.29%. Data records for this series originated in 2005.

Rental Vacancy Rate: Washington County TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Washington County

Date US Tennessee Washington County TN
2017 6.18% 6.67% 4.29%
2016 5.89% 6.68% 4.35%
2015 5.85% 7.13% 8.23%
2014 6.32% 7.24% 7.82%
2013 6.49% 7.86%
2012 6.77% 7.89% 7.75%
2011 7.40% 8.54%
2010 8.17% 10.33% 8.85%
2009 8.43% 10.52% 6.87%
2008 7.86% 10.30% 9.13%
2007 7.87% 9.20% 4.88%
2006 7.70% 9.61% 8.10%

Rent as a Fraction of Income

Using median household income data for Washington County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Washington County, median monthly gross rent as a fraction of median household income was 20.58% in 2017 according to the ACS.

Washington 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%
Washington County TN 20.58% +2.12% +0.66%

Trends in Washington County TN Rent as a Fraction of Income

Washington County renters paid 20.58% 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: Washington County TN, Tennessee, US

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

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

Date US Tennessee Washington County TN
2017 20.13% 19.47% 20.58%
2016 20.43% 19.92% 18.46%
2015 20.63% 19.93% 19.00%
2014 20.89% 20.83% 19.92%
2013 20.78% 20.26% 18.20%
2012 20.65% 20.48% 18.94%
2011 20.70% 20.58% 18.85%
2010 20.50% 20.17% 17.85%
2009 20.12% 19.61% 18.90%
2008 19.00% 18.16% 17.01%
2007 18.66% 17.96% 16.86%
2006 18.90% 18.25% 16.78%

Renter Fraction in Washington County Tennessee

You can calculate the renter fraction in Washington 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 Washington County as a fraction of total Washington County households. In 2017 36.34% of households were renters according to Census ACS data.

Washington 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%
Washington County TN 36.34% -1.35% +3.71%

Trends in the Washington County TN Renter Fraction

The Washington County household renter fraction peaked in in 2016 at 37.69% and is now 1.35% below that level. The origin year for the series is 2005.

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

Fraction of renters in Washington County

History of Washington County Renter Fraction

Date US Tennessee Washington County TN
2017 36.13% 34.57% 36.34%
2016 36.88% 34.91% 37.69%
2015 36.97% 34.18% 32.53%
2014 36.90% 33.86% 32.63%
2013 36.50% 33.62% 34.06%
2012 36.09% 33.31% 33.72%
2011 35.42% 32.72% 33.54%
2010 34.65% 31.87% 32.03%
2009 34.13% 30.85% 34.62%
2008 33.36% 30.17% 30.90%
2007 32.80% 30.06% 33.44%
2006 32.73% 30.10% 28.79%

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.