Department of Numbers

Hidalgo County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Hidalgo County TX was $695 in 2017 according to the Census ACS survey.1 Average gross rent in Hidalgo County was $644 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 Hidalgo County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hidalgo 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%
Hidalgo County TX Median Gross Rent $695 -1.84% +1.61%

Hidalgo County TX Real Gross Rent Trends

Median gross rent for Hidalgo County peaked in real terms in 2015 at $710 and is now $15 (2.11%) lower. Average gross rent for Hidalgo County peaked in real terms in 2015 at $693 and is now $49 (7.07%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hidalgo County

Date US
Median
Texas
Median
Hidalgo County TX
Median
Hidalgo County TX
Average
2017 $1,012 $987 $695 $644
2016 $996 $971 $708 $653
2015 $987 $959 $710 $693
2014 $956 $917 $684 $647
2013 $924 $875 $669 $630
2012 $912 $857 $641 $609
2011 $912 $852 $643 $597
2010 $927 $868 $659 $600
2009 $931 $871 $648 $619
2008 $947 $882 $704 $647
2007 $899 $836 $646 $599
2006 $909 $847 $636 $589

Hidalgo 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 Hidalgo County Texas was 7.36% according to Census ACS data.

Rental Vacancy Rate in Hidalgo County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Hidalgo County TX 7.36% +1.20% +0.21%

Trends in Hidalgo County TX Rental Vacancy Rate

The rental vacancy rate in Hidalgo County peaked in 2006 at 13.85%. Since then it has fallen by 6.49% to 7.36%. Data records for this series originated in 2005. From a 2013 post peak low of 5.14%, the rental vacancy rate has increased by 2.22%.

Rental Vacancy Rate: Hidalgo County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Hidalgo County

Date US Texas Hidalgo County TX
2017 6.18% 8.49% 7.36%
2016 5.89% 7.65% 6.16%
2015 5.85% 6.95% 9.84%
2014 6.32% 7.30% 7.15%
2013 6.49% 7.86% 5.14%
2012 6.77% 8.53% 5.39%
2011 7.40% 9.23% 6.74%
2010 8.17% 10.60% 5.39%
2009 8.43% 10.69% 8.21%
2008 7.86% 10.24% 10.65%
2007 7.87% 10.61% 11.50%
2006 7.70% 10.28% 13.85%

Rent as a Fraction of Income

Using median household income data for Hidalgo County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hidalgo County, median monthly gross rent as a fraction of median household income was 22.48% in 2017 according to the ACS.

Hidalgo 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%
Hidalgo County TX 22.48% -0.64% -0.56%

Trends in Hidalgo County TX Rent as a Fraction of Income

The fraction of median Hidalgo County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 26.01%. Since then it has fallen by 3.53% to 22.48%. From a 2010 low of 21.63%, the fraction of income going to rent has increased by 0.85%.

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

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

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

Date US Texas Hidalgo County TX
2017 20.13% 20.00% 22.48%
2016 20.43% 20.28% 23.12%
2015 20.63% 20.10% 23.17%
2014 20.89% 20.27% 23.03%
2013 20.78% 19.89% 22.39%
2012 20.65% 19.65% 22.07%
2011 20.70% 19.75% 23.71%
2010 20.50% 19.77% 21.63%
2009 20.12% 19.59% 23.09%
2008 19.00% 18.42% 24.33%
2007 18.66% 18.52% 22.46%
2006 18.90% 18.99% 22.36%

Renter Fraction in Hidalgo County Texas

You can calculate the renter fraction in Hidalgo 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 Hidalgo County as a fraction of total Hidalgo County households. In 2017 33.63% of households were renters according to Census ACS data.

Hidalgo 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%
Hidalgo County TX 33.63% -0.15% +1.64%

Trends in the Hidalgo County TX Renter Fraction

The Hidalgo County household renter fraction peaked in in 2016 at 33.78% and is now 0.15% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hidalgo County

History of Hidalgo County Renter Fraction

Date US Texas Hidalgo County TX
2017 36.13% 38.03% 33.63%
2016 36.88% 38.91% 33.78%
2015 36.97% 38.94% 30.51%
2014 36.90% 38.84% 31.99%
2013 36.50% 38.16% 32.62%
2012 36.09% 37.72% 32.75%
2011 35.42% 37.08% 31.41%
2010 34.65% 36.42% 31.96%
2009 34.13% 36.32% 31.00%
2008 33.36% 35.10% 30.63%
2007 32.80% 34.82% 29.46%
2006 32.73% 34.75% 29.06%

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.