Department of Numbers

Mclennan County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Mclennan County TX was $834 in 2017 according to the Census ACS survey.1 Average gross rent in Mclennan County was $839 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 Mclennan County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Mclennan 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%
Mclennan County TX Median Gross Rent $834 +0.36% +6.24%

Mclennan County TX Real Gross Rent Trends

Median gross rent for Mclennan County peaked in real terms in 2015 at $842 and is now $8 (0.95%) lower. At $839, real average gross rent in Mclennan County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mclennan County

Date US
Median
Texas
Median
Mclennan County TX
Median
Mclennan County TX
Average
2017 $1,012 $987 $834 $839
2016 $996 $971 $831 $820
2015 $987 $959 $842 $835
2014 $956 $917 $785 $803
2013 $924 $875 $746 $763
2012 $912 $857 $776 $791
2011 $912 $852 $732 $756
2010 $927 $868 $805 $793
2009 $931 $871 $781 $778
2008 $947 $882 $821 $825
2007 $899 $836 $816 $814
2006 $909 $847 $781 $738

Mclennan 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 Mclennan County Texas was 5.96% according to Census ACS data.

Rental Vacancy Rate in Mclennan County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Mclennan County TX 5.96% +2.34% -0.62%

Trends in Mclennan County TX Rental Vacancy Rate

The rental vacancy rate in Mclennan County peaked in 2005 at 13.77%. Since then it has fallen by 7.81% to 5.96%. Data records for this series originated in 2005. From a 2015 post peak low of 2.94%, the rental vacancy rate has increased by 3.02%.

Rental Vacancy Rate: Mclennan County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Mclennan County

Date US Texas Mclennan County TX
2017 6.18% 8.49% 5.96%
2016 5.89% 7.65% 3.62%
2015 5.85% 6.95% 2.94%
2014 6.32% 7.30% 6.58%
2013 6.49% 7.86% 4.24%
2012 6.77% 8.53% 9.05%
2011 7.40% 9.23% 7.63%
2010 8.17% 10.60% 9.52%
2009 8.43% 10.69% 9.07%
2008 7.86% 10.24% 8.37%
2007 7.87% 10.61% 7.40%
2006 7.70% 10.28% 9.25%

Rent as a Fraction of Income

Using median household income data for Mclennan County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mclennan County, median monthly gross rent as a fraction of median household income was 21.17% in 2017 according to the ACS.

Mclennan 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%
Mclennan County TX 21.17% +0.23% +0.07%

Trends in Mclennan County TX Rent as a Fraction of Income

The fraction of median Mclennan County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.78%. Since then it has fallen by 1.60% to 21.17%.

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

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

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

Date US Texas Mclennan County TX
2017 20.13% 20.00% 21.17%
2016 20.43% 20.28% 20.95%
2015 20.63% 20.10% 21.06%
2014 20.89% 20.27% 21.11%
2013 20.78% 19.89% 21.56%
2012 20.65% 19.65% 22.19%
2011 20.70% 19.75% 20.72%
2010 20.50% 19.77% 22.78%
2009 20.12% 19.59% 21.85%
2008 19.00% 18.42% 21.61%
2007 18.66% 18.52% 21.21%
2006 18.90% 18.99% 21.60%

Renter Fraction in Mclennan County Texas

You can calculate the renter fraction in Mclennan 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 Mclennan County as a fraction of total Mclennan County households. In 2017 41.33% of households were renters according to Census ACS data.

Mclennan 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%
Mclennan County TX 41.33% +0.46% -0.86%

Trends in the Mclennan County TX Renter Fraction

The Mclennan County household renter fraction peaked in in 2013 at 45.50% and is now 4.17% below that level. The origin year for the series is 2005.

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

Fraction of renters in Mclennan County

History of Mclennan County Renter Fraction

Date US Texas Mclennan County TX
2017 36.13% 38.03% 41.33%
2016 36.88% 38.91% 40.87%
2015 36.97% 38.94% 41.30%
2014 36.90% 38.84% 42.19%
2013 36.50% 38.16% 45.50%
2012 36.09% 37.72% 37.59%
2011 35.42% 37.08% 40.15%
2010 34.65% 36.42% 40.97%
2009 34.13% 36.32% 40.35%
2008 33.36% 35.10% 41.61%
2007 32.80% 34.82% 38.95%
2006 32.73% 34.75% 37.91%

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.