Department of Numbers

Orange County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Orange County TX was $646 in 2017 according to the Census ACS survey.1 Average gross rent in Orange County was $589 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 Orange County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Orange 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%
Orange County TX Median Gross Rent $646 -23.91% -23.37%

Orange County TX Real Gross Rent Trends

Median gross rent for Orange County peaked in real terms in 2016 at $849 and is now $203 (23.91%) lower. Average gross rent for Orange County peaked in real terms in 2016 at $757 and is now $168 (22.19%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Orange County

Date US
Median
Texas
Median
Orange County TX
Median
Orange County TX
Average
2017 $1,012 $987 $646 $589
2016 $996 $971 $849 $757
2015 $987 $959 $766 $663
2014 $956 $917 $843 $731
2013 $924 $875 $729 $652
2012 $912 $857 $722 $662
2011 $912 $852 $796 $704
2010 $927 $868 $782 $647
2009 $931 $871 $735 $695
2008 $947 $882 $648 $629
2007 $899 $836 $724 $600
2006 $909 $847 $651 $617

Orange 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 Orange County Texas was 5.17% according to Census ACS data.

Rental Vacancy Rate in Orange County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Orange County TX 5.17% -6.84%

Trends in Orange County TX Rental Vacancy Rate

The rental vacancy rate in Orange County peaked in 2011 at 14.00%. Since then it has fallen by 8.83% to 5.17%. Data records for this series originated in 2005.

Rental Vacancy Rate: Orange County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Orange County

Date US Texas Orange County TX
2017 6.18% 8.49% 5.17%
2016 5.89% 7.65% 12.01%
2015 5.85% 6.95%
2014 6.32% 7.30%
2013 6.49% 7.86%
2012 6.77% 8.53% 12.03%
2011 7.40% 9.23% 14.00%
2010 8.17% 10.60%
2009 8.43% 10.69%
2008 7.86% 10.24% 11.30%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Orange County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Orange County, median monthly gross rent as a fraction of median household income was 13.17% in 2017 according to the ACS.

Orange 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%
Orange County TX 13.17% -5.59% -7.93%

Trends in Orange County TX Rent as a Fraction of Income

The fraction of median Orange County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 21.51%. Since then it has fallen by 8.34% to 13.17%.

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

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

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

Date US Texas Orange County TX
2017 20.13% 20.00% 13.17%
2016 20.43% 20.28% 18.76%
2015 20.63% 20.10% 17.73%
2014 20.89% 20.27% 21.10%
2013 20.78% 19.89% 16.25%
2012 20.65% 19.65% 16.61%
2011 20.70% 19.75% 21.51%
2010 20.50% 19.77% 19.36%
2009 20.12% 19.59% 17.81%
2008 19.00% 18.42% 13.44%
2007 18.66% 18.52% 15.68%
2006 18.90% 18.99% 15.55%

Renter Fraction in Orange County Texas

You can calculate the renter fraction in Orange 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 Orange County as a fraction of total Orange County households. In 2017 21.93% of households were renters according to Census ACS data.

Orange 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%
Orange County TX 21.93% -6.37% -1.61%

Trends in the Orange County TX Renter Fraction

The Orange County household renter fraction peaked in in 2016 at 28.30% and is now 6.37% below that level. The origin year for the series is 2005.

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

Fraction of renters in Orange County

History of Orange County Renter Fraction

Date US Texas Orange County TX
2017 36.13% 38.03% 21.93%
2016 36.88% 38.91% 28.30%
2015 36.97% 38.94% 22.91%
2014 36.90% 38.84% 23.54%
2013 36.50% 38.16% 28.20%
2012 36.09% 37.72% 21.62%
2011 35.42% 37.08% 22.57%
2010 34.65% 36.42% 24.13%
2009 34.13% 36.32% 24.67%
2008 33.36% 35.10% 21.18%
2007 32.80% 34.82% 23.17%
2006 32.73% 34.75% 20.21%

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.