Department of Numbers

Gregg County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Gregg County TX was $824 in 2017 according to the Census ACS survey.1 Average gross rent in Gregg County was $821 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 Gregg County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Gregg 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%
Gregg County TX Median Gross Rent $824 -1.44% +2.74%

Gregg County TX Real Gross Rent Trends

Median gross rent for Gregg County peaked in real terms in 2016 at $836 and is now $12 (1.44%) lower. Average gross rent for Gregg County peaked in real terms in 2016 at $846 and is now $25 (2.96%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Gregg County

Date US
Median
Texas
Median
Gregg County TX
Median
Gregg County TX
Average
2017 $1,012 $987 $824 $821
2016 $996 $971 $836 $846
2015 $987 $959 $815 $832
2014 $956 $917 $802 $772
2013 $924 $875 $752 $794
2012 $912 $857 $752 $735
2011 $912 $852 $794 $810
2010 $927 $868 $811 $772
2009 $931 $871 $725 $704
2008 $947 $882 $762 $740
2007 $899 $836 $730 $716
2006 $909 $847 $730 $692

Gregg 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 Gregg County Texas was 11.47% according to Census ACS data.

Rental Vacancy Rate in Gregg County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Gregg County TX 11.47% +5.19%

Trends in Gregg County TX Rental Vacancy Rate

At 11.47%, Gregg County residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Gregg County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Gregg County

Date US Texas Gregg County TX
2017 6.18% 8.49% 11.47%
2016 5.89% 7.65% 6.28%
2015 5.85% 6.95% 9.94%
2014 6.32% 7.30%
2013 6.49% 7.86%
2012 6.77% 8.53% 9.04%
2011 7.40% 9.23%
2010 8.17% 10.60% 7.42%
2009 8.43% 10.69% 3.46%
2008 7.86% 10.24% 3.26%
2007 7.87% 10.61%
2006 7.70% 10.28% 2.39%

Rent as a Fraction of Income

Using median household income data for Gregg County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gregg County, median monthly gross rent as a fraction of median household income was 21.00% in 2017 according to the ACS.

Gregg 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%
Gregg County TX 21.00% -1.34% +2.54%

Trends in Gregg County TX Rent as a Fraction of Income

The fraction of median Gregg County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.33%. Since then it has fallen by 1.34% to 21.00%.

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

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

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

Date US Texas Gregg County TX
2017 20.13% 20.00% 21.00%
2016 20.43% 20.28% 22.33%
2015 20.63% 20.10% 19.91%
2014 20.89% 20.27% 18.45%
2013 20.78% 19.89% 19.43%
2012 20.65% 19.65% 20.75%
2011 20.70% 19.75% 21.37%
2010 20.50% 19.77% 22.25%
2009 20.12% 19.59% 18.46%
2008 19.00% 18.42% 17.28%
2007 18.66% 18.52% 19.39%
2006 18.90% 18.99% 18.74%

Renter Fraction in Gregg County Texas

You can calculate the renter fraction in Gregg 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 Gregg County as a fraction of total Gregg County households. In 2017 38.78% of households were renters according to Census ACS data.

Gregg 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%
Gregg County TX 38.78% -2.26% +1.80%

Trends in the Gregg County TX Renter Fraction

The Gregg County household renter fraction peaked in in 2015 at 42.71% and is now 3.93% below that level. The origin year for the series is 2005.

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

Fraction of renters in Gregg County

History of Gregg County Renter Fraction

Date US Texas Gregg County TX
2017 36.13% 38.03% 38.78%
2016 36.88% 38.91% 41.04%
2015 36.97% 38.94% 42.71%
2014 36.90% 38.84% 36.98%
2013 36.50% 38.16% 41.58%
2012 36.09% 37.72% 36.77%
2011 35.42% 37.08% 38.51%
2010 34.65% 36.42% 37.38%
2009 34.13% 36.32% 35.75%
2008 33.36% 35.10% 37.86%
2007 32.80% 34.82% 39.67%
2006 32.73% 34.75% 36.48%

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.