Tarrant County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Tarrant County TX was $1,147 in 2019 according to the Census ACS survey.1 Average gross rent in Tarrant County was $1,200 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 Tarrant County median and average rent data will be released in September of 2021.
Data is also available below for Tarrant County rental vacancy rates, Tarrant County rent as a percent of median income and the fraction of renters in Tarrant County.
Real Gross Rent in Tarrant 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% |
| Tarrant County TX Median Gross Rent | $1,147 | +1.33% | +11.58% |
Tarrant County TX Real Gross Rent Trends
At $1,147, real median gross rent in Tarrant County was at its highest level in 2019 since the series began in 2005. At $1,200, real average gross rent in Tarrant County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Tarrant County TX Median, Tarrant County TX Average, Texas Median, US Median
Real Gross Rent History for Tarrant County
| Date | US Median |
Texas Median |
Tarrant County TX Median |
Tarrant County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,147 | $1,200 |
| 2018 | $1,077 | $1,065 | $1,132 | $1,173 |
| 2017 | $1,043 | $1,018 | $1,080 | $1,119 |
| 2016 | $1,027 | $1,001 | $1,028 | $1,087 |
| 2015 | $1,017 | $989 | $1,025 | $1,081 |
| 2014 | $986 | $946 | $986 | $1,023 |
| 2013 | $953 | $902 | $925 | $980 |
| 2012 | $940 | $884 | $911 | $963 |
| 2011 | $941 | $878 | $908 | $967 |
| 2010 | $955 | $895 | $944 | $973 |
| 2009 | $960 | $898 | $946 | $985 |
| 2007 | $927 | $862 | $916 | $960 |
| 2005 | $910 | $839 | $898 | $935 |
Tarrant 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 Tarrant County Texas was 9.54% according to Census ACS data.
Rental Vacancy Rate in Tarrant County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Tarrant County TX | 9.54% | +1.92% | +0.45% |
Trends in Tarrant County TX Rental Vacancy Rate
The rental vacancy rate in Tarrant County peaked in 2009 at 13.19%. Since then it has fallen by 3.65% to 9.54%. Data records for this series originated in 2005. From a 2014 post peak low of 7.58%, the rental vacancy rate has increased by 1.96%.
Rental Vacancy Rate: Tarrant County TX, Texas, US
Historical Rental Vacancy Rate data for Tarrant County
| Date | US | Texas | Tarrant County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.54% |
| 2018 | 6.15% | 8.21% | 7.62% |
| 2017 | 6.18% | 8.49% | 9.61% |
| 2016 | 5.89% | 7.65% | 9.09% |
| 2015 | 5.85% | 6.95% | 8.53% |
| 2014 | 6.32% | 7.30% | 7.58% |
| 2013 | 6.49% | 7.86% | 8.76% |
| 2012 | 6.77% | 8.53% | 9.75% |
| 2011 | 7.40% | 9.23% | 12.97% |
| 2010 | 8.17% | 10.60% | 12.89% |
| 2009 | 8.43% | 10.69% | 13.19% |
| 2007 | 7.87% | 10.61% | 11.80% |
| 2005 | 7.74% | 10.60% | 12.81% |
Rent as a Fraction of Income
Using median household income data for Tarrant County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tarrant County, median monthly gross rent as a fraction of median household income was 19.62% in 2019 according to the ACS.
Tarrant 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% |
| Tarrant County TX | 19.62% | -0.58% | +0.47% |
Trends in Tarrant County TX Rent as a Fraction of Income
The fraction of median Tarrant County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 20.20%. Since then it has fallen by 0.58% to 19.62%.
Fraction of Income towards Rent: Tarrant County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Tarrant County Texas
| Date | US | Texas | Tarrant County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 19.62% |
| 2018 | 20.50% | 20.70% | 20.20% |
| 2017 | 20.13% | 20.00% | 19.31% |
| 2016 | 20.43% | 20.28% | 19.15% |
| 2015 | 20.63% | 20.10% | 19.09% |
| 2014 | 20.89% | 20.27% | 19.29% |
| 2013 | 20.78% | 19.89% | 18.52% |
| 2012 | 20.65% | 19.65% | 18.33% |
| 2011 | 20.70% | 19.75% | 19.12% |
| 2010 | 20.50% | 19.77% | 19.36% |
| 2009 | 20.12% | 19.59% | 18.54% |
| 2007 | 18.66% | 18.52% | 17.51% |
| 2005 | 18.89% | 19.11% | 17.55% |
Renter Fraction in Tarrant County Texas
You can calculate the renter fraction in Tarrant 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 Tarrant County as a fraction of total Tarrant County households. In 2019 39.84% of households were renters according to Census ACS data.
Tarrant 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% |
| Tarrant County TX | 39.84% | -0.72% | -0.16% |
Trends in the Tarrant County TX Renter Fraction
The Tarrant County household renter fraction peaked in in 2018 at 40.56% and is now 0.72% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tarrant County TX, Texas, US
History of Tarrant County Renter Fraction
| Date | US | Texas | Tarrant County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 39.84% |
| 2018 | 36.05% | 38.28% | 40.56% |
| 2017 | 36.13% | 38.03% | 39.39% |
| 2016 | 36.88% | 38.91% | 40.00% |
| 2015 | 36.97% | 38.94% | 39.97% |
| 2014 | 36.90% | 38.84% | 40.20% |
| 2013 | 36.50% | 38.16% | 39.83% |
| 2012 | 36.09% | 37.72% | 40.15% |
| 2011 | 35.42% | 37.08% | 37.76% |
| 2010 | 34.65% | 36.42% | 37.96% |
| 2009 | 34.13% | 36.32% | 37.53% |
| 2007 | 32.80% | 34.82% | 36.56% |
| 2005 | 33.10% | 35.29% | 36.87% |
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. ↩
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