Department of Numbers

Potter County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Potter County TX was $791 in 2017 according to the Census ACS survey.1 Average gross rent in Potter County was $811 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 Potter County median and average rent data will be released in September of 2019.

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 (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%
Potter County TX Median Gross Rent $791 +4.22% +10.01%

Potter County TX Real Gross Rent Trends

At $791, real median gross rent in Potter County was at its highest level in 2017 since the series began in 2005. Average gross rent for Potter County peaked in real terms in 2015 at $834 and is now $23 (2.76%) 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
2017 $1,012 $987 $791 $811
2016 $996 $971 $759 $792
2015 $987 $959 $757 $834
2014 $956 $917 $719 $761
2013 $924 $875 $694 $722
2012 $912 $857 $702 $742
2011 $912 $852 $755 $719
2010 $927 $868 $703 $677
2009 $931 $871 $693 $684
2008 $947 $882 $762 $759
2007 $899 $836 $670 $663
2006 $909 $847 $647 $651

Potter 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 Potter County Texas was 9.09% according to Census ACS data.

Rental Vacancy Rate in Potter County Texas

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

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 5.90% to 9.09%. Data records for this series originated in 2005. From a 2011 post peak low of 8.03%, the rental vacancy rate has increased by 1.06%.

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
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%
2008 7.86% 10.24% 13.05%
2007 7.87% 10.61% 12.64%
2006 7.70% 10.28% 14.99%

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 20.95% in 2017 according to the ACS.

Potter 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%
Potter County TX 20.95% -0.24% -1.03%

Trends in Potter County TX Rent as a Fraction of Income

The fraction of median Potter County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.06%. Since then it has fallen by 3.11% to 20.95%.

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
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%
2008 19.00% 18.42% 21.42%
2007 18.66% 18.52% 22.20%
2006 18.90% 18.99% 20.00%

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 2017 43.11% of households were renters according to Census ACS data.

Potter 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%
Potter County TX 43.11% -1.54% -0.64%

Trends in the Potter County TX Renter Fraction

The Potter County household renter fraction peaked in in 2016 at 44.65% and is now 1.54% 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
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%
2008 33.36% 35.10% 41.61%
2007 32.80% 34.82% 41.68%
2006 32.73% 34.75% 40.90%

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.