Department of Numbers

Randall County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Randall County TX was $876 in 2017 according to the Census ACS survey.1 Average gross rent in Randall County was $851 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 Randall County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Randall 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%
Randall County TX Median Gross Rent $876 -4.99% -2.88%

Randall County TX Real Gross Rent Trends

Median gross rent for Randall County peaked in real terms in 2016 at $922 and is now $46 (4.99%) lower. Average gross rent for Randall County peaked in real terms in 2016 at $941 and is now $90 (9.56%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Randall County

Date US
Median
Texas
Median
Randall County TX
Median
Randall County TX
Average
2017 $1,012 $987 $876 $851
2016 $996 $971 $922 $941
2015 $987 $959 $870 $918
2014 $956 $917 $902 $906
2013 $924 $875 $851 $874
2012 $912 $857 $824 $793
2011 $912 $852 $712 $832
2010 $927 $868 $782 $753
2009 $931 $871 $780 $775
2008 $947 $882 $793 $850
2007 $899 $836 $728 $770
2006 $909 $847 $801 $800

Randall 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 Randall County Texas was 7.87% according to Census ACS data.

Rental Vacancy Rate in Randall County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Randall County TX 7.87% -1.74%

Trends in Randall County TX Rental Vacancy Rate

The rental vacancy rate in Randall County peaked in 2008 at 11.38%. Since then it has fallen by 3.51% to 7.87%. Data records for this series originated in 2005. From a 2013 post peak low of 4.49%, the rental vacancy rate has increased by 3.38%.

Rental Vacancy Rate: Randall County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Randall County

Date US Texas Randall County TX
2017 6.18% 8.49% 7.87%
2016 5.89% 7.65%
2015 5.85% 6.95% 7.19%
2014 6.32% 7.30% 9.61%
2013 6.49% 7.86% 4.49%
2012 6.77% 8.53%
2011 7.40% 9.23% 5.72%
2010 8.17% 10.60%
2009 8.43% 10.69%
2008 7.86% 10.24% 11.38%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Randall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Randall County, median monthly gross rent as a fraction of median household income was 16.93% in 2017 according to the ACS.

Randall 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%
Randall County TX 16.93% +0.67% +0.85%

Trends in Randall County TX Rent as a Fraction of Income

The fraction of median Randall County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.17%. Since then it has fallen by 0.24% to 16.93%.

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

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

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

Date US Texas Randall County TX
2017 20.13% 20.00% 16.93%
2016 20.43% 20.28% 16.26%
2015 20.63% 20.10% 16.38%
2014 20.89% 20.27% 16.08%
2013 20.78% 19.89% 16.44%
2012 20.65% 19.65% 17.17%
2011 20.70% 19.75% 14.27%
2010 20.50% 19.77% 14.91%
2009 20.12% 19.59% 15.92%
2008 19.00% 18.42% 14.42%
2007 18.66% 18.52% 14.47%
2006 18.90% 18.99% 15.60%

Renter Fraction in Randall County Texas

You can calculate the renter fraction in Randall 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 Randall County as a fraction of total Randall County households. In 2017 29.78% of households were renters according to Census ACS data.

Randall 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%
Randall County TX 29.78% -1.45% +0.06%

Trends in the Randall County TX Renter Fraction

The Randall County household renter fraction peaked in in 2013 at 31.99% and is now 2.21% below that level. The origin year for the series is 2005.

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

Fraction of renters in Randall County

History of Randall County Renter Fraction

Date US Texas Randall County TX
2017 36.13% 38.03% 29.78%
2016 36.88% 38.91% 31.23%
2015 36.97% 38.94% 31.06%
2014 36.90% 38.84% 29.72%
2013 36.50% 38.16% 31.99%
2012 36.09% 37.72% 31.74%
2011 35.42% 37.08% 30.92%
2010 34.65% 36.42% 31.83%
2009 34.13% 36.32% 29.44%
2008 33.36% 35.10% 30.38%
2007 32.80% 34.82% 31.61%
2006 32.73% 34.75% 30.83%

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.