Department of Numbers

Corpus Christi Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Corpus Christi, TX (the Corpus Christi metro area) was $939 in 2016 according to the Census ACS survey.1 Average gross rent in Corpus Christi was $945 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Corpus Christi median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Corpus Christi Texas (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Texas Median Gross Rent $956 +1.27% +10.90%
Corpus Christi, TX Median Gross Rent $939 +0.32% +10.86%

Corpus Christi, TX Real Gross Rent Trends

At $939, real median gross rent in Corpus Christi was at its highest level in 2016 since the series began in 2005. At $945, real average gross rent in Corpus Christi was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Corpus Christi: Corpus Christi TX Median, Corpus Christi TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Corpus Christi

Date US
Median
Texas
Median
Corpus Christi, TX
Median
Corpus Christi, TX
Average
2016 $981 $956 $939 $945
2015 $972 $944 $936 $918
2014 $942 $903 $898 $871
2013 $910 $862 $847 $862
2012 $898 $844 $845 $856
2011 $898 $839 $826 $820
2010 $912 $855 $847 $817
2009 $916 $858 $826 $792
2008 $932 $869 $924 $882
2007 $885 $824 $822 $802
2006 $895 $834 $835 $813
2005 $869 $801 $781 $787

Corpus Christi Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Corpus Christi Texas was 7.78% according to Census ACS data.

Rental Vacancy Rate in Corpus Christi Texas

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Texas 7.65% +0.70% -0.21%
Corpus Christi, TX 7.78% +1.96% +1.17%

Trends in Corpus Christi, TX Rental Vacancy Rate

The rental vacancy rate in Corpus Christi peaked in 2005 at 13.93%. Since then it has fallen by 6.15% to 7.78%. Data records for this series originated in 2005. From a 2015 post peak low of 5.82%, the rental vacancy rate has increased by 1.96%.

Rental Vacancy Rate: Corpus Christi TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Corpus Christi

Date US Texas Corpus Christi, TX
2016 5.89% 7.65% 7.78%
2015 5.85% 6.95% 5.82%
2014 6.32% 7.30% 6.05%
2013 6.49% 7.86% 6.61%
2012 6.77% 8.53% 7.11%
2011 7.40% 9.23% 7.41%
2010 8.17% 10.60% 9.15%
2009 8.43% 10.69% 10.00%
2008 7.86% 10.24% 10.13%
2007 7.87% 10.61% 8.98%
2006 7.70% 10.28% 11.81%
2005 7.74% 10.60% 13.93%

Rent as a Fraction of Income

Using median household income data for Corpus Christi, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Corpus Christi, median monthly gross rent as a fraction of median household income was 20.95% in 2016 according to the ACS.

Corpus Christi Texas Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Texas 20.28% +0.19% +0.39%
Corpus Christi, TX 20.95% -1.11% +0.20%

Trends in Corpus Christi, TX Rent as a Fraction of Income

The fraction of median Corpus Christi household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 23.03%. Since then it has fallen by 2.07% to 20.95%. From a 2012 low of 20.36%, the fraction of income going to rent has increased by 0.60%.

Fraction of Income towards Rent: Corpus Christi TX, Texas, US

Percent of median household income going towards median monthly gross rent in Corpus Christi Texas

Historical Data for Annual Rent as a Fraction of Income in Corpus Christi Texas

Date US Texas Corpus Christi, TX
2016 20.43% 20.28% 20.95%
2015 20.63% 20.10% 22.06%
2014 20.89% 20.27% 20.54%
2013 20.78% 19.89% 20.75%
2012 20.65% 19.65% 20.36%
2011 20.70% 19.75% 21.68%
2010 20.50% 19.77% 22.69%
2009 20.12% 19.59% 21.54%
2008 19.00% 18.42% 21.37%
2007 18.66% 18.52% 21.68%
2006 18.90% 18.99% 23.03%
2005 18.89% 19.11% 20.57%

Renter Fraction in Corpus Christi Texas

You can calculate the renter fraction in Corpus Christi 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 Corpus Christi as a fraction of total Corpus Christi households. In 2016 39.69% of households were renters according to Census ACS data.

Corpus Christi Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Texas 38.91% -0.03% +0.75%
Corpus Christi, TX 39.69% -2.96% -0.54%

Trends in the Corpus Christi, TX Renter Fraction

The Corpus Christi household renter fraction peaked in in 2015 at 42.65% and is now 2.96% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Corpus Christi TX, Texas, US

Fraction of renters in Corpus Christi

History of Corpus Christi Renter Fraction

Date US Texas Corpus Christi, TX
2016 36.88% 38.91% 39.69%
2015 36.97% 38.94% 42.65%
2014 36.90% 38.84% 39.68%
2013 36.50% 38.16% 40.23%
2012 36.09% 37.72% 39.09%
2011 35.42% 37.08% 41.07%
2010 34.65% 36.42% 39.21%
2009 34.13% 36.32% 36.95%
2008 33.36% 35.10% 36.79%
2007 32.80% 34.82% 36.89%
2006 32.73% 34.75% 37.49%
2005 33.10% 35.29% 35.35%

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.