Department of Numbers

Henderson County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Henderson County TX was $790 in 2017 according to the Census ACS survey.1 Average gross rent in Henderson County was $714 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 Henderson County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Henderson 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%
Henderson County TX Median Gross Rent $790 +2.60% -1.99%

Henderson County TX Real Gross Rent Trends

Median gross rent for Henderson County peaked in real terms in 2013 at $820 and is now $30 (3.66%) lower. Average gross rent for Henderson County peaked in real terms in 2013 at $787 and is now $73 (9.28%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Henderson County

Date US
Median
Texas
Median
Henderson County TX
Median
Henderson County TX
Average
2017 $1,012 $987 $790 $714
2016 $996 $971 $770 $600
2015 $987 $959 $709 $599
2014 $956 $917 $806 $669
2013 $924 $875 $820 $787
2012 $912 $857 $714 $635
2011 $912 $852 $723 $617
2010 $927 $868 $620 $585
2009 $931 $871 $776 $644
2008 $947 $882 $689 $651
2007 $899 $836 $754 $652
2006 $909 $847 $722 $731

Henderson County 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 Henderson County Texas was 10.15% according to Census ACS data.

Rental Vacancy Rate in Henderson County Texas

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

Trends in Henderson County TX Rental Vacancy Rate

The rental vacancy rate in Henderson County peaked in 2006 at 13.13%. Since then it has fallen by 2.98% to 10.15%. Data records for this series originated in 2005. From a 2015 post peak low of 1.21%, the rental vacancy rate has increased by 8.94%.

Rental Vacancy Rate: Henderson County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Henderson County

Date US Texas Henderson County TX
2017 6.18% 8.49%
2016 5.89% 7.65% 10.15%
2015 5.85% 6.95% 1.21%
2014 6.32% 7.30% 6.31%
2013 6.49% 7.86% 6.95%
2012 6.77% 8.53%
2011 7.40% 9.23% 7.54%
2010 8.17% 10.60% 9.91%
2009 8.43% 10.69% 8.86%
2008 7.86% 10.24% 6.29%
2007 7.87% 10.61% 2.89%
2006 7.70% 10.28% 13.13%

Rent as a Fraction of Income

Using median household income data for Henderson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Henderson County, median monthly gross rent as a fraction of median household income was 21.08% in 2017 according to the ACS.

Henderson 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%
Henderson County TX 21.08% +0.45% -1.89%

Trends in Henderson County TX Rent as a Fraction of Income

The fraction of median Henderson County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 25.03%. Since then it has fallen by 3.95% to 21.08%.

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

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

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

Date US Texas Henderson County TX
2017 20.13% 20.00% 21.08%
2016 20.43% 20.28% 20.63%
2015 20.63% 20.10% 17.26%
2014 20.89% 20.27% 22.97%
2013 20.78% 19.89% 25.03%
2012 20.65% 19.65% 22.40%
2011 20.70% 19.75% 21.63%
2010 20.50% 19.77% 18.77%
2009 20.12% 19.59% 19.92%
2008 19.00% 18.42% 17.09%
2007 18.66% 18.52% 20.05%
2006 18.90% 18.99% 21.36%

Renter Fraction in Henderson County Texas

You can calculate the renter fraction in Henderson 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 Henderson County as a fraction of total Henderson County households. In 2017 23.64% of households were renters according to Census ACS data.

Henderson 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%
Henderson County TX 23.64% -0.77% -0.37%

Trends in the Henderson County TX Renter Fraction

The Henderson County household renter fraction peaked in in 2013 at 28.00% and is now 4.36% below that level. The origin year for the series is 2005.

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

Fraction of renters in Henderson County

History of Henderson County Renter Fraction

Date US Texas Henderson County TX
2017 36.13% 38.03% 23.64%
2016 36.88% 38.91% 24.41%
2015 36.97% 38.94% 27.54%
2014 36.90% 38.84% 24.01%
2013 36.50% 38.16% 28.00%
2012 36.09% 37.72% 27.50%
2011 35.42% 37.08% 25.36%
2010 34.65% 36.42% 23.67%
2009 34.13% 36.32% 23.82%
2008 33.36% 35.10% 23.74%
2007 32.80% 34.82% 19.33%
2006 32.73% 34.75% 23.94%

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.