Department of Numbers

Bastrop County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Bastrop County TX was $898 in 2017 according to the Census ACS survey.1 Average gross rent in Bastrop County was $819 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 Bastrop County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bastrop County Texas (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Texas Median Gross Rent $987 +1.65% +7.63%
Bastrop County TX Median Gross Rent $898 +1.13% -0.77%

Bastrop County TX Real Gross Rent Trends

Median gross rent for Bastrop County peaked in real terms in 2015 at $1,103 and is now $205 (18.59%) lower. Average gross rent for Bastrop County peaked in real terms in 2015 at $1,031 and is now $212 (20.56%) lower.

Real Gross Rent: Bastrop County TX Median, Bastrop County TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bastrop County

Date US
Median
Texas
Median
Bastrop County TX
Median
Bastrop County TX
Average
2017 $1,012 $987 $898 $819
2016 $996 $971 $888 $870
2015 $987 $959 $1,103 $1,031
2014 $956 $917 $905 $802
2013 $924 $875 $921 $755
2012 $912 $857 $898 $751
2011 $912 $852 $977 $741
2010 $927 $868 $804 $670
2009 $931 $871 $941 $839
2008 $947 $882 $887 $787
2007 $899 $836 $938 $718
2006 $909 $847 $1,059 $999

Bastrop County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Bastrop County Texas was 29.08% according to Census ACS data.

Rental Vacancy Rate in Bastrop County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Bastrop County TX

Trends in Bastrop County TX Rental Vacancy Rate

At 29.08%, Bastrop County residential rental vacancy rate in 2012 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Bastrop County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Bastrop County

Date US Texas Bastrop County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95%
2014 6.32% 7.30%
2013 6.49% 7.86%
2012 6.77% 8.53% 29.08%
2011 7.40% 9.23%
2010 8.17% 10.60% 8.58%
2009 8.43% 10.69%
2008 7.86% 10.24% 10.83%
2007 7.87% 10.61% 12.32%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Bastrop County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bastrop County, median monthly gross rent as a fraction of median household income was 14.94% in 2017 according to the ACS.

Bastrop County Texas Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Texas 20.00% -0.28% -0.27%
Bastrop County TX 14.94% -3.62% -4.84%

Trends in Bastrop County TX Rent as a Fraction of Income

The fraction of median Bastrop County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.25%. Since then it has fallen by 7.30% to 14.94%.

Fraction of Income towards Rent: Bastrop County TX, Texas, US

Percent of median household income going towards median monthly gross rent in Bastrop County Texas

Historical Data for Annual Rent as a Fraction of Income in Bastrop County Texas

Date US Texas Bastrop County TX
2017 20.13% 20.00% 14.94%
2016 20.43% 20.28% 18.56%
2015 20.63% 20.10% 20.38%
2014 20.89% 20.27% 19.78%
2013 20.78% 19.89% 22.25%
2012 20.65% 19.65% 21.15%
2011 20.70% 19.75% 20.14%
2010 20.50% 19.77% 17.85%
2009 20.12% 19.59% 21.19%
2008 19.00% 18.42% 18.35%
2007 18.66% 18.52% 19.06%
2006 18.90% 18.99% 20.07%

Renter Fraction in Bastrop County Texas

You can calculate the renter fraction in Bastrop 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 Bastrop County as a fraction of total Bastrop County households. In 2017 26.43% of households were renters according to Census ACS data.

Bastrop County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Texas 38.03% -0.88% -0.81%
Bastrop County TX 26.43% +8.33% +8.00%

Trends in the Bastrop County TX Renter Fraction

The Bastrop County household renter fraction peaked in in 2013 at 27.22% and is now 0.79% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Bastrop County TX, Texas, US

Fraction of renters in Bastrop County

History of Bastrop County Renter Fraction

Date US Texas Bastrop County TX
2017 36.13% 38.03% 26.43%
2016 36.88% 38.91% 18.10%
2015 36.97% 38.94% 27.10%
2014 36.90% 38.84% 18.43%
2013 36.50% 38.16% 27.22%
2012 36.09% 37.72% 17.53%
2011 35.42% 37.08% 19.83%
2010 34.65% 36.42% 22.85%
2009 34.13% 36.32% 23.63%
2008 33.36% 35.10% 21.02%
2007 32.80% 34.82% 16.87%
2006 32.73% 34.75% 21.06%

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.