Department of Numbers

Williamson County Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Williamson County TN was $1,603 in 2019 according to the Census ACS survey.1 Average gross rent in Williamson County was $1,542 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Williamson County median and average rent data will be released in September of 2021.

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 (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Tennessee Median Gross Rent $904 +3.08% +7.11%
Williamson County TN Median Gross Rent $1,603 +4.84% +12.02%

Williamson County TN Real Gross Rent Trends

At $1,603, real median gross rent in Williamson County was at its highest level in 2019 since the series began in 2005. Average gross rent for Williamson County peaked in real terms in 2018 at $1,575 and is now $33 (2.10%) 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
2019 $1,097 $904 $1,603 $1,542
2018 $1,077 $877 $1,529 $1,575
2017 $1,043 $859 $1,483 $1,432
2016 $1,027 $844 $1,431 $1,460
2015 $1,017 $833 $1,433 $1,414
2014 $986 $813 $1,360 $1,281
2013 $953 $788 $1,191 $1,231
2012 $940 $777 $1,161 $1,208
2011 $941 $772 $1,104 $1,201
2010 $955 $779 $1,084 $1,100
2009 $960 $777 $1,175 $1,161

more history ...

Williamson County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Williamson County Tennessee was 5.36% according to Census ACS data.

Rental Vacancy Rate in Williamson County Tennessee

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Tennessee 7.27% -0.29% +0.59%
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 2.62% to 5.36%. Data records for this series originated in 2005. From a 2016 post peak low of 4.73%, the rental vacancy rate has increased by 0.63%.

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
2019 5.97% 7.27%
2018 6.15% 7.56% 5.36%
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%

more history ...

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 16.65% in 2019 according to the ACS.

Williamson County Tennessee Median Annual Rent as a Fraction of Median Household Income

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Tennessee 19.35% -0.38% -0.58%
Williamson County TN 16.65% +0.37% +1.19%

Trends in Williamson County TN Rent as a Fraction of Income

Williamson County renters paid 16.65% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.

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
2019 20.03% 19.35% 16.65%
2018 20.50% 19.73% 16.28%
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%

more history ...

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 2019 17.48% of households were renters according to Census ACS data.

Williamson County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Tennessee 33.49% -0.28% -1.42%
Williamson County TN 17.48% -1.31% -3.94%

Trends in the Williamson County TN Renter Fraction

The Williamson County household renter fraction peaked in in 2016 at 21.42% and is now 3.94% 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
2019 35.89% 33.49% 17.48%
2018 36.05% 33.77% 18.79%
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%

more history ...

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.