Department of Numbers

Killeen Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Killeen, TX (the Killeen-Temple-Fort Hood metro area) was $869 in 2016 according to the Census ACS survey.1 Average gross rent in Killeen was $846 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Killeen median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Killeen Texas (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Texas Median Gross Rent $956 +1.27% +10.90%
Killeen, TX Median Gross Rent $869 0.00% +5.33%

Killeen, TX Real Gross Rent Trends

Median gross rent for Killeen peaked in real terms in 2008 at $915 and is now $46 (5.03%) lower. From a recent low of 825.0 in 2013, real median gross rent has now increased by $44 (5.33%). Average gross rent for Killeen peaked in real terms in 2014 at $890 and is now $44 (4.94%) lower.

Real Gross Rent in Killeen: Killeen TX Median, Killeen TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Killeen

Date US
Median
Texas
Median
Killeen, TX
Median
Killeen, TX
Average
2016 $981 $956 $869 $846
2015 $972 $944 $869 $889
2014 $942 $903 $878 $890
2013 $910 $862 $825 $819
2012 $898 $844 $840 $832
2011 $898 $839 $871 $808
2010 $912 $855 $864 $839
2009 $916 $858 $900 $815
2008 $932 $869 $915 $844
2007 $885 $824 $863 $798
2006 $895 $834 $858 $799
2005 $869 $801 $831 $811

Killeen 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 Killeen Texas was 10.05% according to Census ACS data.

Rental Vacancy Rate in Killeen Texas

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Texas 7.65% +0.70% -0.21%
Killeen, TX 10.05% +1.29% -11.42%

Trends in Killeen, TX Rental Vacancy Rate

The rental vacancy rate in Killeen peaked in 2011 at 22.16%. Since then it has fallen by 12.11% to 10.05%. Data records for this series originated in 2005. From a 2015 post peak low of 8.76%, the rental vacancy rate has increased by 1.29%.

Rental Vacancy Rate: Killeen TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Killeen

Date US Texas Killeen, TX
2016 5.89% 7.65% 10.05%
2015 5.85% 6.95% 8.76%
2014 6.32% 7.30% 13.22%
2013 6.49% 7.86% 21.47%
2012 6.77% 8.53% 18.80%
2011 7.40% 9.23% 22.16%
2010 8.17% 10.60% 19.58%
2009 8.43% 10.69% 15.41%
2008 7.86% 10.24% 15.54%
2007 7.87% 10.61% 18.79%
2006 7.70% 10.28% 15.28%
2005 7.74% 10.60% 9.51%

Rent as a Fraction of Income

Using median household income data for Killeen, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Killeen, median monthly gross rent as a fraction of median household income was 19.98% in 2016 according to the ACS.

Killeen Texas Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Texas 20.28% +0.19% +0.39%
Killeen, TX 19.98% -1.20% +0.47%

Trends in Killeen, TX Rent as a Fraction of Income

The fraction of median Killeen household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.09%. Since then it has fallen by 2.12% to 19.98%.

Fraction of Income towards Rent: Killeen TX, Texas, US

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

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

Date US Texas Killeen, TX
2016 20.43% 20.28% 19.98%
2015 20.63% 20.10% 21.18%
2014 20.89% 20.27% 20.71%
2013 20.78% 19.89% 19.51%
2012 20.65% 19.65% 20.41%
2011 20.70% 19.75% 21.80%
2010 20.50% 19.77% 19.53%
2009 20.12% 19.59% 22.09%
2008 19.00% 18.42% 19.51%
2007 18.66% 18.52% 19.50%
2006 18.90% 18.99% 20.69%
2005 18.89% 19.11% 20.11%

Renter Fraction in Killeen Texas

You can calculate the renter fraction in Killeen 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 Killeen as a fraction of total Killeen households. In 2016 44.35% of households were renters according to Census ACS data.

Killeen Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Texas 38.91% -0.03% +0.75%
Killeen, TX 44.35% -2.76% +1.84%

Trends in the Killeen, TX Renter Fraction

The Killeen household renter fraction peaked in in 2015 at 47.11% and is now 2.76% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Killeen TX, Texas, US

Fraction of renters in Killeen

History of Killeen Renter Fraction

Date US Texas Killeen, TX
2016 36.88% 38.91% 44.35%
2015 36.97% 38.94% 47.11%
2014 36.90% 38.84% 45.44%
2013 36.50% 38.16% 42.51%
2012 36.09% 37.72% 42.07%
2011 35.42% 37.08% 44.05%
2010 34.65% 36.42% 42.10%
2009 34.13% 36.32% 42.31%
2008 33.36% 35.10% 40.44%
2007 32.80% 34.82% 36.06%
2006 32.73% 34.75% 40.16%
2005 33.10% 35.29% 42.80%

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.