Department of Numbers

Parker County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Parker County TX was $1,065 in 2017 according to the Census ACS survey.1 Average gross rent in Parker County was $1,009 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 Parker County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Parker 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%
Parker County TX Median Gross Rent $1,065 +21.85% +17.42%

Parker County TX Real Gross Rent Trends

At $1,065, real median gross rent in Parker County was at its highest level in 2017 since the series began in 2005. At $1,009, real average gross rent in Parker County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Parker County

Date US
Median
Texas
Median
Parker County TX
Median
Parker County TX
Average
2017 $1,012 $987 $1,065 $1,009
2016 $996 $971 $874 $828
2015 $987 $959 $976 $931
2014 $956 $917 $907 $833
2013 $924 $875 $902 $821
2012 $912 $857 $856 $730
2011 $912 $852 $884 $824
2010 $927 $868 $926 $895
2009 $931 $871 $849 $843
2008 $947 $882 $914 $824
2007 $899 $836 $830 $778
2006 $909 $847 $907 $737

Parker County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Parker County Texas was 7.01% according to Census ACS data.

Rental Vacancy Rate in Parker County Texas

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

Trends in Parker County TX Rental Vacancy Rate

The rental vacancy rate in Parker County peaked in 2014 at 11.07%. Since then it has fallen by 4.06% to 7.01%. Data records for this series originated in 2005.

Rental Vacancy Rate: Parker County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Parker County

Date US Texas Parker County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95% 7.01%
2014 6.32% 7.30% 11.07%
2013 6.49% 7.86%
2012 6.77% 8.53%
2011 7.40% 9.23%
2010 8.17% 10.60%
2009 8.43% 10.69% 6.46%
2008 7.86% 10.24%
2007 7.87% 10.61% 7.39%
2006 7.70% 10.28% 5.90%

Rent as a Fraction of Income

Using median household income data for Parker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Parker County, median monthly gross rent as a fraction of median household income was 16.86% in 2017 according to the ACS.

Parker 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%
Parker County TX 16.86% +1.33% +1.42%

Trends in Parker County TX Rent as a Fraction of Income

The fraction of median Parker County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.73%. Since then it has fallen by 1.88% to 16.86%.

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

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

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

Date US Texas Parker County TX
2017 20.13% 20.00% 16.86%
2016 20.43% 20.28% 15.53%
2015 20.63% 20.10% 16.99%
2014 20.89% 20.27% 15.44%
2013 20.78% 19.89% 17.53%
2012 20.65% 19.65% 15.43%
2011 20.70% 19.75% 14.53%
2010 20.50% 19.77% 18.73%
2009 20.12% 19.59% 14.45%
2008 19.00% 18.42% 15.54%
2007 18.66% 18.52% 14.22%
2006 18.90% 18.99% 16.88%

Renter Fraction in Parker County Texas

You can calculate the renter fraction in Parker 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 Parker County as a fraction of total Parker County households. In 2017 18.38% of households were renters according to Census ACS data.

Parker 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%
Parker County TX 18.38% -6.87% -7.08%

Trends in the Parker County TX Renter Fraction

The Parker County household renter fraction peaked in in 2014 at 25.46% and is now 7.08% below that level. The origin year for the series is 2005.

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

Fraction of renters in Parker County

History of Parker County Renter Fraction

Date US Texas Parker County TX
2017 36.13% 38.03% 18.38%
2016 36.88% 38.91% 25.25%
2015 36.97% 38.94% 23.17%
2014 36.90% 38.84% 25.46%
2013 36.50% 38.16% 22.61%
2012 36.09% 37.72% 20.24%
2011 35.42% 37.08% 21.57%
2010 34.65% 36.42% 20.86%
2009 34.13% 36.32% 22.14%
2008 33.36% 35.10% 23.55%
2007 32.80% 34.82% 18.47%
2006 32.73% 34.75% 17.60%

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.