Department of Numbers

Bowie County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Bowie County TX was $663 in 2017 according to the Census ACS survey.1 Average gross rent in Bowie County was $651 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 Bowie County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Bowie 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%
Bowie County TX Median Gross Rent $663 -9.55% -7.27%

Bowie County TX Real Gross Rent Trends

Median gross rent for Bowie County peaked in real terms in 2015 at $775 and is now $112 (14.45%) lower. Average gross rent for Bowie County peaked in real terms in 2015 at $773 and is now $122 (15.78%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Bowie County

Date US
Median
Texas
Median
Bowie County TX
Median
Bowie County TX
Average
2017 $1,012 $987 $663 $651
2016 $996 $971 $733 $719
2015 $987 $959 $775 $773
2014 $956 $917 $715 $657
2013 $924 $875 $709 $705
2012 $912 $857 $670 $687
2011 $912 $852 $734 $676
2010 $927 $868 $752 $683
2009 $931 $871 $683 $639
2008 $947 $882 $735 $605
2007 $899 $836 $652 $534
2006 $909 $847 $694 $700

Bowie County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Bowie County Texas was 11.78% according to Census ACS data.

Rental Vacancy Rate in Bowie County Texas

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

Trends in Bowie County TX Rental Vacancy Rate

At 11.78%, Bowie County residential rental vacancy rate in 2014 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Bowie County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Bowie County

Date US Texas Bowie County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95%
2014 6.32% 7.30% 11.78%
2013 6.49% 7.86% 10.38%
2012 6.77% 8.53%
2011 7.40% 9.23% 8.02%
2010 8.17% 10.60% 5.25%
2009 8.43% 10.69%
2008 7.86% 10.24% 6.26%
2007 7.87% 10.61% 8.51%
2006 7.70% 10.28% 8.16%

Rent as a Fraction of Income

Using median household income data for Bowie County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bowie County, median monthly gross rent as a fraction of median household income was 15.73% in 2017 according to the ACS.

Bowie 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%
Bowie County TX 15.73% -3.10% -4.95%

Trends in Bowie County TX Rent as a Fraction of Income

The fraction of median Bowie County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.22%. Since then it has fallen by 6.49% to 15.73%.

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

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

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

Date US Texas Bowie County TX
2017 20.13% 20.00% 15.73%
2016 20.43% 20.28% 18.84%
2015 20.63% 20.10% 22.22%
2014 20.89% 20.27% 20.69%
2013 20.78% 19.89% 20.24%
2012 20.65% 19.65% 20.01%
2011 20.70% 19.75% 18.68%
2010 20.50% 19.77% 19.03%
2009 20.12% 19.59% 18.15%
2008 19.00% 18.42% 19.99%
2007 18.66% 18.52% 15.72%
2006 18.90% 18.99% 17.74%

Renter Fraction in Bowie County Texas

You can calculate the renter fraction in Bowie 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 Bowie County as a fraction of total Bowie County households. In 2017 39.83% of households were renters according to Census ACS data.

Bowie 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%
Bowie County TX 39.83% +3.52% +3.03%

Trends in the Bowie County TX Renter Fraction

At 39.83%, the 2017 household based renter fraction in Bowie County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Bowie County

History of Bowie County Renter Fraction

Date US Texas Bowie County TX
2017 36.13% 38.03% 39.83%
2016 36.88% 38.91% 36.31%
2015 36.97% 38.94% 31.52%
2014 36.90% 38.84% 36.80%
2013 36.50% 38.16% 35.19%
2012 36.09% 37.72% 38.56%
2011 35.42% 37.08% 30.57%
2010 34.65% 36.42% 32.14%
2009 34.13% 36.32% 33.46%
2008 33.36% 35.10% 37.41%
2007 32.80% 34.82% 34.69%
2006 32.73% 34.75% 37.12%

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.