Department of Numbers

Rockwall County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Rockwall County TX was $1,330 in 2017 according to the Census ACS survey.1 Average gross rent in Rockwall County was $1,312 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 Rockwall County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Rockwall 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%
Rockwall County TX Median Gross Rent $1,330 +4.15% +0.30%

Rockwall County TX Real Gross Rent Trends

Median gross rent for Rockwall County peaked in real terms in 2009 at $1,342 and is now $12 (0.89%) lower. From a recent low of 1184.0 in 2013, real median gross rent has now increased by $146 (12.33%). Average gross rent for Rockwall County peaked in real terms in 2014 at $1,387 and is now $75 (5.41%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Rockwall County

Date US
Median
Texas
Median
Rockwall County TX
Median
Rockwall County TX
Average
2017 $1,012 $987 $1,330 $1,312
2016 $996 $971 $1,277 $1,333
2015 $987 $959 $1,312 $1,323
2014 $956 $917 $1,326 $1,387
2013 $924 $875 $1,184 $1,137
2012 $912 $857 $1,288 $1,304
2011 $912 $852 $1,228 $1,302
2010 $927 $868 $1,208 $1,188
2009 $931 $871 $1,342 $1,346
2008 $947 $882 $1,224 $1,238
2007 $899 $836 $1,272 $1,239
2006 $909 $847

Historical Rental Vacancy Rate data for Rockwall County

Date US Texas Rockwall County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95%
2014 6.32% 7.30%
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%
2008 7.86% 10.24%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Rockwall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Rockwall County, median monthly gross rent as a fraction of median household income was 16.83% in 2017 according to the ACS.

Rockwall 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%
Rockwall County TX 16.83% +1.07% -2.50%

Trends in Rockwall County TX Rent as a Fraction of Income

The fraction of median Rockwall County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2007 series origin) at 19.34%. Since then it has fallen by 2.51% to 16.83%. From a 2013 low of 14.95%, the fraction of income going to rent has increased by 1.88%.

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

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

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

Date US Texas Rockwall County TX
2017 20.13% 20.00% 16.83%
2016 20.43% 20.28% 15.76%
2015 20.63% 20.10% 16.82%
2014 20.89% 20.27% 19.33%
2013 20.78% 19.89% 14.95%
2012 20.65% 19.65% 18.17%
2011 20.70% 19.75% 17.14%
2010 20.50% 19.77% 16.68%
2009 20.12% 19.59% 19.34%
2008 19.00% 18.42% 16.57%
2007 18.66% 18.52% 17.20%
2006 18.90% 18.99% 18.01%

Renter Fraction in Rockwall County Texas

You can calculate the renter fraction in Rockwall 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 Rockwall County as a fraction of total Rockwall County households. In 2017 16.94% of households were renters according to Census ACS data.

Rockwall 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%
Rockwall County TX 16.94% -2.00% -5.63%

Trends in the Rockwall County TX Renter Fraction

The Rockwall County household renter fraction peaked in in 2014 at 22.57% and is now 5.63% below that level. The origin year for the series is 2007.

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

Fraction of renters in Rockwall County

History of Rockwall County Renter Fraction

Date US Texas Rockwall County TX
2017 36.13% 38.03% 16.94%
2016 36.88% 38.91% 18.94%
2015 36.97% 38.94% 22.08%
2014 36.90% 38.84% 22.57%
2013 36.50% 38.16% 15.77%
2012 36.09% 37.72% 18.57%
2011 35.42% 37.08% 22.43%
2010 34.65% 36.42% 18.88%
2009 34.13% 36.32% 15.53%
2008 33.36% 35.10% 18.03%
2007 32.80% 34.82% 16.51%
2006 32.73% 34.75% 13.68%

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.