Department of Numbers

Denton County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Denton County TX was $1,163 in 2017 according to the Census ACS survey.1 Average gross rent in Denton County was $1,224 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 Denton County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Denton 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%
Denton County TX Median Gross Rent $1,163 +0.26% +10.76%

Denton County TX Real Gross Rent Trends

At $1,163, real median gross rent in Denton County was at its highest level in 2017 since the series began in 2005. At $1,224, real average gross rent in Denton County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Denton County

Date US
Median
Texas
Median
Denton County TX
Median
Denton County TX
Average
2017 $1,012 $987 $1,163 $1,224
2016 $996 $971 $1,160 $1,190
2015 $987 $959 $1,119 $1,187
2014 $956 $917 $1,050 $1,128
2013 $924 $875 $990 $1,064
2012 $912 $857 $958 $1,039
2011 $912 $852 $921 $1,011
2010 $927 $868 $940 $1,007
2009 $931 $871 $982 $1,048
2008 $947 $882 $990 $1,071
2007 $899 $836 $982 $1,053
2006 $909 $847 $979 $1,043

Denton 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 Denton County Texas was 4.92% according to Census ACS data.

Rental Vacancy Rate in Denton County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Denton County TX 4.92% -0.91% +0.11%

Trends in Denton County TX Rental Vacancy Rate

The rental vacancy rate in Denton County peaked in 2010 at 9.39%. Since then it has fallen by 4.47% to 4.92%. Data records for this series originated in 2005. From a 2015 post peak low of 3.88%, the rental vacancy rate has increased by 1.04%.

Rental Vacancy Rate: Denton County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Denton County

Date US Texas Denton County TX
2017 6.18% 8.49% 4.92%
2016 5.89% 7.65% 5.83%
2015 5.85% 6.95% 3.88%
2014 6.32% 7.30% 4.81%
2013 6.49% 7.86% 5.18%
2012 6.77% 8.53% 4.59%
2011 7.40% 9.23% 7.85%
2010 8.17% 10.60% 9.39%
2009 8.43% 10.69% 8.11%
2008 7.86% 10.24% 8.75%
2007 7.87% 10.61% 8.79%
2006 7.70% 10.28% 7.52%

Rent as a Fraction of Income

Using median household income data for Denton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Denton County, median monthly gross rent as a fraction of median household income was 16.17% in 2017 according to the ACS.

Denton 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%
Denton County TX 16.17% -0.83% -0.40%

Trends in Denton County TX Rent as a Fraction of Income

The fraction of median Denton County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 17.26%. Since then it has fallen by 1.09% to 16.17%.

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

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

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

Date US Texas Denton County TX
2017 20.13% 20.00% 16.17%
2016 20.43% 20.28% 17.00%
2015 20.63% 20.10% 17.26%
2014 20.89% 20.27% 16.58%
2013 20.78% 19.89% 15.51%
2012 20.65% 19.65% 15.69%
2011 20.70% 19.75% 15.15%
2010 20.50% 19.77% 15.32%
2009 20.12% 19.59% 15.11%
2008 19.00% 18.42% 14.07%
2007 18.66% 18.52% 14.55%
2006 18.90% 18.99% 14.77%

Renter Fraction in Denton County Texas

You can calculate the renter fraction in Denton 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 Denton County as a fraction of total Denton County households. In 2017 34.90% of households were renters according to Census ACS data.

Denton 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%
Denton County TX 34.90% -1.50% -1.81%

Trends in the Denton County TX Renter Fraction

The Denton County household renter fraction peaked in in 2012 at 37.03% and is now 2.13% below that level. The origin year for the series is 2005.

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

Fraction of renters in Denton County

History of Denton County Renter Fraction

Date US Texas Denton County TX
2017 36.13% 38.03% 34.90%
2016 36.88% 38.91% 36.40%
2015 36.97% 38.94% 35.67%
2014 36.90% 38.84% 36.71%
2013 36.50% 38.16% 35.87%
2012 36.09% 37.72% 37.03%
2011 35.42% 37.08% 36.13%
2010 34.65% 36.42% 34.06%
2009 34.13% 36.32% 32.79%
2008 33.36% 35.10% 33.37%
2007 32.80% 34.82% 32.24%
2006 32.73% 34.75% 31.76%

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.