Department of Numbers

Nueces County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Nueces County TX was $964 in 2017 according to the Census ACS survey.1 Average gross rent in Nueces County was $1,014 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 Nueces County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Nueces 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%
Nueces County TX Median Gross Rent $964 -1.03% +5.13%

Nueces County TX Real Gross Rent Trends

Median gross rent for Nueces County peaked in real terms in 2016 at $974 and is now $10 (1.03%) lower. At $1,014, real average gross rent in Nueces County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Nueces County

Date US
Median
Texas
Median
Nueces County TX
Median
Nueces County TX
Average
2017 $1,012 $987 $964 $1,014
2016 $996 $971 $974 $989
2015 $987 $959 $941 $943
2014 $956 $917 $917 $902
2013 $924 $875 $867 $883
2012 $912 $857 $861 $884
2011 $912 $852 $845 $842
2010 $927 $868 $862 $834
2009 $931 $871 $861 $825
2008 $947 $882 $948 $920
2007 $899 $836 $847 $841
2006 $909 $847 $849 $846

Nueces 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 Nueces County Texas was 9.34% according to Census ACS data.

Rental Vacancy Rate in Nueces County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Nueces County TX 9.34% +1.50% +2.91%

Trends in Nueces County TX Rental Vacancy Rate

The rental vacancy rate in Nueces County peaked in 2005 at 13.15%. Since then it has fallen by 3.81% to 9.34%. Data records for this series originated in 2005. From a 2015 post peak low of 4.93%, the rental vacancy rate has increased by 4.41%.

Rental Vacancy Rate: Nueces County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Nueces County

Date US Texas Nueces County TX
2017 6.18% 8.49% 9.34%
2016 5.89% 7.65% 7.84%
2015 5.85% 6.95% 4.93%
2014 6.32% 7.30% 6.43%
2013 6.49% 7.86% 5.80%
2012 6.77% 8.53% 6.37%
2011 7.40% 9.23% 6.27%
2010 8.17% 10.60% 8.18%
2009 8.43% 10.69% 8.85%
2008 7.86% 10.24% 9.01%
2007 7.87% 10.61% 8.97%
2006 7.70% 10.28% 9.54%

Rent as a Fraction of Income

Using median household income data for Nueces County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nueces County, median monthly gross rent as a fraction of median household income was 22.04% in 2017 according to the ACS.

Nueces 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%
Nueces County TX 22.04% +0.86% +1.29%

Trends in Nueces County TX Rent as a Fraction of Income

The fraction of median Nueces County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 23.27%. Since then it has fallen by 1.23% to 22.04%. From a 2012 low of 20.38%, the fraction of income going to rent has increased by 1.66%.

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

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

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

Date US Texas Nueces County TX
2017 20.13% 20.00% 22.04%
2016 20.43% 20.28% 21.19%
2015 20.63% 20.10% 21.71%
2014 20.89% 20.27% 20.75%
2013 20.78% 19.89% 20.65%
2012 20.65% 19.65% 20.38%
2011 20.70% 19.75% 21.97%
2010 20.50% 19.77% 22.72%
2009 20.12% 19.59% 22.89%
2008 19.00% 18.42% 21.69%
2007 18.66% 18.52% 21.80%
2006 18.90% 18.99% 23.27%

Renter Fraction in Nueces County Texas

You can calculate the renter fraction in Nueces 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 Nueces County as a fraction of total Nueces County households. In 2017 42.48% of households were renters according to Census ACS data.

Nueces 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%
Nueces County TX 42.48% +0.19% +0.86%

Trends in the Nueces County TX Renter Fraction

The Nueces County household renter fraction peaked in in 2015 at 45.96% and is now 3.48% below that level. The origin year for the series is 2005.

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

Fraction of renters in Nueces County

History of Nueces County Renter Fraction

Date US Texas Nueces County TX
2017 36.13% 38.03% 42.48%
2016 36.88% 38.91% 42.29%
2015 36.97% 38.94% 45.96%
2014 36.90% 38.84% 41.62%
2013 36.50% 38.16% 42.45%
2012 36.09% 37.72% 42.49%
2011 35.42% 37.08% 43.45%
2010 34.65% 36.42% 40.46%
2009 34.13% 36.32% 39.28%
2008 33.36% 35.10% 37.96%
2007 32.80% 34.82% 37.63%
2006 32.73% 34.75% 39.46%

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.