Department of Numbers

Potter County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Potter County TX was $802 in 2019 according to the Census ACS survey.1 Average gross rent in Potter County was $812 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Potter County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Potter County Texas (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Texas Median Gross Rent $1,091 +2.44% +8.99%
Potter County TX Median Gross Rent $802 -2.31% +2.56%

Potter County TX Real Gross Rent Trends

Median gross rent for Potter County peaked in real terms in 2018 at $821 and is now $19 (2.31%) lower. Average gross rent for Potter County peaked in real terms in 2015 at $860 and is now $48 (5.58%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Potter County

Date US
Median
Texas
Median
Potter County TX
Median
Potter County TX
Average
2019 $1,097 $1,091 $802 $812
2018 $1,077 $1,065 $821 $860
2017 $1,043 $1,018 $816 $836
2016 $1,027 $1,001 $782 $817
2015 $1,017 $989 $781 $860
2014 $986 $946 $741 $784
2013 $953 $902 $716 $745
2012 $940 $884 $723 $765
2011 $941 $878 $779 $741
2010 $955 $895 $725 $698
2009 $960 $898 $715 $705

more history ...

Potter County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Potter County Texas was 9.04% according to Census ACS data.

Rental Vacancy Rate in Potter County Texas

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Texas 8.15% -0.06% +0.50%
Potter County TX 9.04%

Trends in Potter County TX Rental Vacancy Rate

The rental vacancy rate in Potter County peaked in 2006 at 14.99%. Since then it has fallen by 5.95% to 9.04%. Data records for this series originated in 2005. From a 2011 post peak low of 8.03%, the rental vacancy rate has increased by 1.01%.

Rental Vacancy Rate: Potter County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Potter County

Date US Texas Potter County TX
2019 5.97% 8.15% 9.04%
2018 6.15% 8.21%
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95% 9.09%
2014 6.32% 7.30% 8.63%
2013 6.49% 7.86% 8.70%
2012 6.77% 8.53% 9.43%
2011 7.40% 9.23% 8.03%
2010 8.17% 10.60% 8.42%
2009 8.43% 10.69% 9.82%

more history ...

Rent as a Fraction of Income

Using median household income data for Potter County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Potter County, median monthly gross rent as a fraction of median household income was 25.80% in 2019 according to the ACS.

Potter County Texas Median Annual Rent as a Fraction of Median Household Income

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Texas 20.45% -0.26% +0.16%
Potter County TX 25.80% +2.10% +4.61%

Trends in Potter County TX Rent as a Fraction of Income

Potter County renters paid 25.80% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.

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

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

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

Date US Texas Potter County TX
2019 20.03% 20.45% 25.80%
2018 20.50% 20.70% 23.71%
2017 20.13% 20.00% 20.95%
2016 20.43% 20.28% 21.19%
2015 20.63% 20.10% 21.79%
2014 20.89% 20.27% 21.98%
2013 20.78% 19.89% 21.57%
2012 20.65% 19.65% 23.03%
2011 20.70% 19.75% 24.06%
2010 20.50% 19.77% 22.25%
2009 20.12% 19.59% 20.75%

more history ...

Renter Fraction in Potter County Texas

You can calculate the renter fraction in Potter 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 Potter County as a fraction of total Potter County households. In 2019 46.74% of households were renters according to Census ACS data.

Potter County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Texas 38.12% -0.16% -0.79%
Potter County TX 46.74% -1.95% +2.09%

Trends in the Potter County TX Renter Fraction

The Potter County household renter fraction peaked in in 2018 at 48.69% and is now 1.95% below that level. The origin year for the series is 2005.

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

Fraction of renters in Potter County

History of Potter County Renter Fraction

Date US Texas Potter County TX
2019 35.89% 38.12% 46.74%
2018 36.05% 38.28% 48.69%
2017 36.13% 38.03% 43.11%
2016 36.88% 38.91% 44.65%
2015 36.97% 38.94% 43.45%
2014 36.90% 38.84% 43.75%
2013 36.50% 38.16% 42.55%
2012 36.09% 37.72% 42.86%
2011 35.42% 37.08% 40.64%
2010 34.65% 36.42% 42.55%
2009 34.13% 36.32% 43.08%

more history ...

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.