Department of Numbers

Cameron County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Cameron County TX was $697 in 2017 according to the Census ACS survey.1 Average gross rent in Cameron County was $670 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 Cameron County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cameron 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%
Cameron County TX Median Gross Rent $697 +1.01% +4.19%

Cameron County TX Real Gross Rent Trends

At $697, real median gross rent in Cameron County was at its highest level in 2017 since the series began in 2005. At $670, real average gross rent in Cameron County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cameron County

Date US
Median
Texas
Median
Cameron County TX
Median
Cameron County TX
Average
2017 $1,012 $987 $697 $670
2016 $996 $971 $690 $663
2015 $987 $959 $662 $611
2014 $956 $917 $669 $631
2013 $924 $875 $625 $585
2012 $912 $857 $629 $591
2011 $912 $852 $669 $631
2010 $927 $868 $685 $662
2009 $931 $871 $653 $615
2008 $947 $882 $646 $628
2007 $899 $836 $561 $547
2006 $909 $847 $648 $575

Cameron 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 Cameron County Texas was 8.52% according to Census ACS data.

Rental Vacancy Rate in Cameron County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Cameron County TX 8.52% -0.24% -3.82%

Trends in Cameron County TX Rental Vacancy Rate

The rental vacancy rate in Cameron County peaked in 2013 at 14.05%. Since then it has fallen by 5.53% to 8.52%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cameron County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Cameron County

Date US Texas Cameron County TX
2017 6.18% 8.49% 8.52%
2016 5.89% 7.65% 8.76%
2015 5.85% 6.95% 8.88%
2014 6.32% 7.30% 12.34%
2013 6.49% 7.86% 14.05%
2012 6.77% 8.53% 11.01%
2011 7.40% 9.23% 7.48%
2010 8.17% 10.60% 10.22%
2009 8.43% 10.69% 8.73%
2008 7.86% 10.24% 11.07%
2007 7.87% 10.61% 7.89%
2006 7.70% 10.28% 9.44%

Rent as a Fraction of Income

Using median household income data for Cameron County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cameron County, median monthly gross rent as a fraction of median household income was 22.62% in 2017 according to the ACS.

Cameron 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%
Cameron County TX 22.62% +0.64% -1.80%

Trends in Cameron County TX Rent as a Fraction of Income

The fraction of median Cameron County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 25.13%. Since then it has fallen by 2.51% to 22.62%. From a 2007 low of 20.12%, the fraction of income going to rent has increased by 2.50%.

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

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

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

Date US Texas Cameron County TX
2017 20.13% 20.00% 22.62%
2016 20.43% 20.28% 21.99%
2015 20.63% 20.10% 22.64%
2014 20.89% 20.27% 24.42%
2013 20.78% 19.89% 21.36%
2012 20.65% 19.65% 23.65%
2011 20.70% 19.75% 23.91%
2010 20.50% 19.77% 23.90%
2009 20.12% 19.59% 22.98%
2008 19.00% 18.42% 22.02%
2007 18.66% 18.52% 20.12%
2006 18.90% 18.99% 23.59%

Renter Fraction in Cameron County Texas

You can calculate the renter fraction in Cameron 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 Cameron County as a fraction of total Cameron County households. In 2017 35.01% of households were renters according to Census ACS data.

Cameron 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%
Cameron County TX 35.01% +1.47% +1.95%

Trends in the Cameron County TX Renter Fraction

The Cameron County household renter fraction peaked in in 2012 at 35.69% and is now 0.68% below that level. The origin year for the series is 2005.

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

Fraction of renters in Cameron County

History of Cameron County Renter Fraction

Date US Texas Cameron County TX
2017 36.13% 38.03% 35.01%
2016 36.88% 38.91% 33.54%
2015 36.97% 38.94% 34.01%
2014 36.90% 38.84% 33.06%
2013 36.50% 38.16% 31.31%
2012 36.09% 37.72% 35.69%
2011 35.42% 37.08% 32.15%
2010 34.65% 36.42% 32.44%
2009 34.13% 36.32% 33.71%
2008 33.36% 35.10% 32.61%
2007 32.80% 34.82% 32.10%
2006 32.73% 34.75% 30.65%

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.