Grayson County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Grayson County TX was $906 in 2019 according to the Census ACS survey.1 Average gross rent in Grayson County was $905 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Grayson County median and average rent data will be released in September of 2021.
Data is also available below for Grayson County rental vacancy rates, Grayson County rent as a percent of median income and the fraction of renters in Grayson County.
Real Gross Rent in Grayson County Texas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Texas Median Gross Rent | $1,091 | +2.44% | +8.99% |
| Grayson County TX Median Gross Rent | $906 | -0.44% | +12.69% |
Grayson County TX Real Gross Rent Trends
Median gross rent for Grayson County peaked in real terms in 2018 at $910 and is now $4 (0.44%) lower. Average gross rent for Grayson County peaked in real terms in 2018 at $932 and is now $27 (2.90%) lower.
Real Gross Rent: Grayson County TX Median, Grayson County TX Average, Texas Median, US Median
Real Gross Rent History for Grayson County
| Date | US Median |
Texas Median |
Grayson County TX Median |
Grayson County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $906 | $905 |
| 2018 | $1,077 | $1,065 | $910 | $932 |
| 2017 | $1,043 | $1,018 | $897 | $875 |
| 2016 | $1,027 | $1,001 | $804 | $851 |
| 2015 | $1,017 | $989 | $831 | $847 |
| 2014 | $986 | $946 | $845 | $835 |
| 2013 | $953 | $902 | $808 | $729 |
| 2012 | $940 | $884 | $810 | $756 |
| 2011 | $941 | $878 | $794 | $781 |
| 2010 | $955 | $895 | $856 | $799 |
| 2009 | $960 | $898 | $794 | $733 |
| 2007 | $927 | $862 | $807 | $751 |
| 2005 | $910 | $839 | $739 | $723 |
Grayson County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Grayson County Texas was 4.00% according to Census ACS data.
Rental Vacancy Rate in Grayson County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Grayson County TX | 4.00% | -5.44% | -0.99% |
Trends in Grayson County TX Rental Vacancy Rate
The rental vacancy rate in Grayson County peaked in 2005 at 13.20%. Since then it has fallen by 9.20% to 4.00%. Data records for this series originated in 2005. From a 2015 post peak low of 2.72%, the rental vacancy rate has increased by 1.28%.
Rental Vacancy Rate: Grayson County TX, Texas, US
Historical Rental Vacancy Rate data for Grayson County
| Date | US | Texas | Grayson County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 4.00% |
| 2018 | 6.15% | 8.21% | 9.44% |
| 2017 | 6.18% | 8.49% | — |
| 2016 | 5.89% | 7.65% | 4.99% |
| 2015 | 5.85% | 6.95% | 2.72% |
| 2014 | 6.32% | 7.30% | 7.81% |
| 2013 | 6.49% | 7.86% | 8.75% |
| 2012 | 6.77% | 8.53% | 10.27% |
| 2011 | 7.40% | 9.23% | 8.78% |
| 2010 | 8.17% | 10.60% | 11.59% |
| 2009 | 8.43% | 10.69% | 11.28% |
| 2007 | 7.87% | 10.61% | 11.82% |
| 2005 | 7.74% | 10.60% | 13.20% |
Rent as a Fraction of Income
Using median household income data for Grayson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Grayson County, median monthly gross rent as a fraction of median household income was 18.92% in 2019 according to the ACS.
Grayson County Texas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Texas | 20.45% | -0.26% | +0.16% |
| Grayson County TX | 18.92% | -2.05% | +1.22% |
Trends in Grayson County TX Rent as a Fraction of Income
The fraction of median Grayson County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 20.97%. Since then it has fallen by 2.05% to 18.92%.
Fraction of Income towards Rent: Grayson County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Grayson County Texas
| Date | US | Texas | Grayson County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 18.92% |
| 2018 | 20.50% | 20.70% | 20.97% |
| 2017 | 20.13% | 20.00% | 18.41% |
| 2016 | 20.43% | 20.28% | 17.69% |
| 2015 | 20.63% | 20.10% | 19.52% |
| 2014 | 20.89% | 20.27% | 18.44% |
| 2013 | 20.78% | 19.89% | 20.74% |
| 2012 | 20.65% | 19.65% | 19.24% |
| 2011 | 20.70% | 19.75% | 19.79% |
| 2010 | 20.50% | 19.77% | 20.17% |
| 2009 | 20.12% | 19.59% | 19.33% |
| 2007 | 18.66% | 18.52% | 18.40% |
| 2005 | 18.89% | 19.11% | 18.24% |
Renter Fraction in Grayson County Texas
You can calculate the renter fraction in Grayson 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 Grayson County as a fraction of total Grayson County households. In 2019 30.80% of households were renters according to Census ACS data.
Grayson County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Texas | 38.12% | -0.16% | -0.79% |
| Grayson County TX | 30.80% | -2.22% | -1.65% |
Trends in the Grayson County TX Renter Fraction
The Grayson County household renter fraction peaked in in 2013 at 36.20% and is now 5.40% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Grayson County TX, Texas, US
History of Grayson County Renter Fraction
| Date | US | Texas | Grayson County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 30.80% |
| 2018 | 36.05% | 38.28% | 33.02% |
| 2017 | 36.13% | 38.03% | 32.95% |
| 2016 | 36.88% | 38.91% | 32.45% |
| 2015 | 36.97% | 38.94% | 31.87% |
| 2014 | 36.90% | 38.84% | 32.43% |
| 2013 | 36.50% | 38.16% | 36.20% |
| 2012 | 36.09% | 37.72% | 30.78% |
| 2011 | 35.42% | 37.08% | 34.42% |
| 2010 | 34.65% | 36.42% | 32.17% |
| 2009 | 34.13% | 36.32% | 33.64% |
| 2007 | 32.80% | 34.82% | 31.18% |
| 2005 | 33.10% | 35.29% | 31.18% |
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. ↩
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