Department of Numbers

Collin County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Collin County TX was $1,344 in 2017 according to the Census ACS survey.1 Average gross rent in Collin County was $1,427 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 Collin County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Collin 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%
Collin County TX Median Gross Rent $1,344 +6.58% +16.87%

Collin County TX Real Gross Rent Trends

At $1,344, real median gross rent in Collin County was at its highest level in 2017 since the series began in 2005. At $1,427, real average gross rent in Collin County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Collin County

Date US
Median
Texas
Median
Collin County TX
Median
Collin County TX
Average
2017 $1,012 $987 $1,344 $1,427
2016 $996 $971 $1,261 $1,306
2015 $987 $959 $1,234 $1,311
2014 $956 $917 $1,150 $1,219
2013 $924 $875 $1,129 $1,190
2012 $912 $857 $1,085 $1,170
2011 $912 $852 $1,045 $1,106
2010 $927 $868 $1,044 $1,122
2009 $931 $871 $1,059 $1,136
2008 $947 $882 $1,099 $1,176
2007 $899 $836 $1,025 $1,101
2006 $909 $847 $1,079 $1,152

Collin 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 Collin County Texas was 7.32% according to Census ACS data.

Rental Vacancy Rate in Collin County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Collin County TX 7.32% +1.10% +1.52%

Trends in Collin County TX Rental Vacancy Rate

The rental vacancy rate in Collin County peaked in 2010 at 11.99%. Since then it has fallen by 4.67% to 7.32%. Data records for this series originated in 2005. From a 2013 post peak low of 4.51%, the rental vacancy rate has increased by 2.81%.

Rental Vacancy Rate: Collin County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Collin County

Date US Texas Collin County TX
2017 6.18% 8.49% 7.32%
2016 5.89% 7.65% 6.22%
2015 5.85% 6.95% 6.54%
2014 6.32% 7.30% 5.80%
2013 6.49% 7.86% 4.51%
2012 6.77% 8.53% 8.29%
2011 7.40% 9.23% 6.05%
2010 8.17% 10.60% 11.99%
2009 8.43% 10.69% 9.42%
2008 7.86% 10.24% 6.41%
2007 7.87% 10.61% 8.64%
2006 7.70% 10.28% 6.96%

Rent as a Fraction of Income

Using median household income data for Collin County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Collin County, median monthly gross rent as a fraction of median household income was 16.99% in 2017 according to the ACS.

Collin 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%
Collin County TX 16.99% +0.36% +1.33%

Trends in Collin County TX Rent as a Fraction of Income

Collin County renters paid 16.99% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Texas Collin County TX
2017 20.13% 20.00% 16.99%
2016 20.43% 20.28% 16.63%
2015 20.63% 20.10% 16.69%
2014 20.89% 20.27% 15.66%
2013 20.78% 19.89% 16.52%
2012 20.65% 19.65% 15.52%
2011 20.70% 19.75% 14.56%
2010 20.50% 19.77% 14.99%
2009 20.12% 19.59% 14.82%
2008 19.00% 18.42% 14.11%
2007 18.66% 18.52% 13.56%
2006 18.90% 18.99% 14.68%

Renter Fraction in Collin County Texas

You can calculate the renter fraction in Collin 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 Collin County as a fraction of total Collin County households. In 2017 35.83% of households were renters according to Census ACS data.

Collin 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%
Collin County TX 35.83% +2.34% +2.30%

Trends in the Collin County TX Renter Fraction

At 35.83%, the 2017 household based renter fraction in Collin County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Collin County

History of Collin County Renter Fraction

Date US Texas Collin County TX
2017 36.13% 38.03% 35.83%
2016 36.88% 38.91% 33.49%
2015 36.97% 38.94% 33.87%
2014 36.90% 38.84% 33.53%
2013 36.50% 38.16% 35.76%
2012 36.09% 37.72% 33.03%
2011 35.42% 37.08% 32.04%
2010 34.65% 36.42% 30.29%
2009 34.13% 36.32% 28.95%
2008 33.36% 35.10% 29.65%
2007 32.80% 34.82% 27.51%
2006 32.73% 34.75% 29.07%

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.