Department of Numbers

Williamson County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Williamson County TN was $1,438 in 2017 according to the Census ACS survey.1 Average gross rent in Williamson County was $1,389 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 Williamson County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Williamson 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%
Williamson County TN Median Gross Rent $1,438 +3.60% +9.02%

Williamson County TN Real Gross Rent Trends

At $1,438, real median gross rent in Williamson County was at its highest level in 2017 since the series began in 2005. Average gross rent for Williamson County peaked in real terms in 2016 at $1,416 and is now $27 (1.91%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Williamson County

Date US
Median
Tennessee
Median
Williamson County TN
Median
Williamson County TN
Average
2017 $1,012 $833 $1,438 $1,389
2016 $996 $819 $1,388 $1,416
2015 $987 $808 $1,390 $1,371
2014 $956 $788 $1,319 $1,242
2013 $924 $764 $1,155 $1,194
2012 $912 $753 $1,126 $1,172
2011 $912 $749 $1,071 $1,165
2010 $927 $755 $1,051 $1,066
2009 $931 $754 $1,140 $1,126
2008 $947 $758 $1,250 $1,276
2007 $899 $722 $1,164 $1,144
2006 $909 $730 $1,104 $1,042

Williamson County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Williamson County Tennessee was 4.73% according to Census ACS data.

Rental Vacancy Rate in Williamson County Tennessee

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

Trends in Williamson County TN Rental Vacancy Rate

The rental vacancy rate in Williamson County peaked in 2008 at 7.98%. Since then it has fallen by 3.25% to 4.73%. Data records for this series originated in 2005.

Rental Vacancy Rate: Williamson County TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Williamson County

Date US Tennessee Williamson County TN
2017 6.18% 6.67%
2016 5.89% 6.68% 4.73%
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%
2010 8.17% 10.33%
2009 8.43% 10.52% 5.69%
2008 7.86% 10.30% 7.98%
2007 7.87% 9.20%
2006 7.70% 9.61%

Rent as a Fraction of Income

Using median household income data for Williamson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Williamson County, median monthly gross rent as a fraction of median household income was 16.34% in 2017 according to the ACS.

Williamson 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%
Williamson County TN 16.34% +0.87% -0.22%

Trends in Williamson County TN Rent as a Fraction of Income

The fraction of median Williamson County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 16.56%. Since then it has fallen by 0.22% to 16.34%.

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

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

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

Date US Tennessee Williamson County TN
2017 20.13% 19.47% 16.34%
2016 20.43% 19.92% 15.47%
2015 20.63% 19.93% 15.76%
2014 20.89% 20.83% 16.56%
2013 20.78% 20.26% 15.29%
2012 20.65% 20.48% 14.43%
2011 20.70% 20.58% 14.10%
2010 20.50% 20.17% 14.45%
2009 20.12% 19.61% 14.49%
2008 19.00% 18.16% 13.99%
2007 18.66% 17.96% 14.96%
2006 18.90% 18.25% 13.66%

Renter Fraction in Williamson County Tennessee

You can calculate the renter fraction in Williamson 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 Williamson County as a fraction of total Williamson County households. In 2017 18.91% of households were renters according to Census ACS data.

Williamson 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%
Williamson County TN 18.91% -2.51% +0.40%

Trends in the Williamson County TN Renter Fraction

The Williamson County household renter fraction peaked in in 2016 at 21.42% and is now 2.51% below that level. The origin year for the series is 2005.

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

Fraction of renters in Williamson County

History of Williamson County Renter Fraction

Date US Tennessee Williamson County TN
2017 36.13% 34.57% 18.91%
2016 36.88% 34.91% 21.42%
2015 36.97% 34.18% 19.54%
2014 36.90% 33.86% 18.51%
2013 36.50% 33.62% 18.95%
2012 36.09% 33.31% 20.86%
2011 35.42% 32.72% 18.88%
2010 34.65% 31.87% 20.82%
2009 34.13% 30.85% 15.97%
2008 33.36% 30.17% 16.09%
2007 32.80% 30.06% 17.41%
2006 32.73% 30.10% 15.97%

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.