Department of Numbers

Taylor County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Taylor County TX was $836 in 2017 according to the Census ACS survey.1 Average gross rent in Taylor County was $822 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 Taylor County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Taylor 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%
Taylor County TX Median Gross Rent $836 -8.73% -1.65%

Taylor County TX Real Gross Rent Trends

Median gross rent for Taylor County peaked in real terms in 2016 at $916 and is now $80 (8.73%) lower. Average gross rent for Taylor County peaked in real terms in 2016 at $922 and is now $100 (10.85%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Taylor County

Date US
Median
Texas
Median
Taylor County TX
Median
Taylor County TX
Average
2017 $1,012 $987 $836 $822
2016 $996 $971 $916 $922
2015 $987 $959 $832 $862
2014 $956 $917 $850 $811
2013 $924 $875 $734 $732
2012 $912 $857 $789 $776
2011 $912 $852 $743 $743
2010 $927 $868 $842 $826
2009 $931 $871 $796 $783
2008 $947 $882 $798 $847
2007 $899 $836 $771 $735
2006 $909 $847 $815 $785

Taylor 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 Taylor County Texas was 7.23% according to Census ACS data.

Rental Vacancy Rate in Taylor County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Taylor County TX 7.23% -5.09% +1.32%

Trends in Taylor County TX Rental Vacancy Rate

The rental vacancy rate in Taylor County peaked in 2016 at 12.32%. Since then it has fallen by 5.09% to 7.23%. Data records for this series originated in 2005.

Rental Vacancy Rate: Taylor County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Taylor County

Date US Texas Taylor County TX
2017 6.18% 8.49% 7.23%
2016 5.89% 7.65% 12.32%
2015 5.85% 6.95% 4.01%
2014 6.32% 7.30% 5.91%
2013 6.49% 7.86%
2012 6.77% 8.53%
2011 7.40% 9.23%
2010 8.17% 10.60% 9.24%
2009 8.43% 10.69% 11.61%
2008 7.86% 10.24% 5.87%
2007 7.87% 10.61% 8.58%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Taylor County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Taylor County, median monthly gross rent as a fraction of median household income was 19.33% in 2017 according to the ACS.

Taylor 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%
Taylor County TX 19.33% -2.85% -2.36%

Trends in Taylor County TX Rent as a Fraction of Income

The fraction of median Taylor County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.36%. Since then it has fallen by 3.03% to 19.33%.

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

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

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

Date US Texas Taylor County TX
2017 20.13% 20.00% 19.33%
2016 20.43% 20.28% 22.18%
2015 20.63% 20.10% 19.96%
2014 20.89% 20.27% 21.70%
2013 20.78% 19.89% 19.41%
2012 20.65% 19.65% 20.93%
2011 20.70% 19.75% 21.20%
2010 20.50% 19.77% 22.36%
2009 20.12% 19.59% 19.78%
2008 19.00% 18.42% 20.23%
2007 18.66% 18.52% 20.46%
2006 18.90% 18.99% 20.61%

Renter Fraction in Taylor County Texas

You can calculate the renter fraction in Taylor 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 Taylor County as a fraction of total Taylor County households. In 2017 37.88% of households were renters according to Census ACS data.

Taylor 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%
Taylor County TX 37.88% -5.26% -4.32%

Trends in the Taylor County TX Renter Fraction

The Taylor County household renter fraction peaked in in 2012 at 43.66% and is now 5.78% below that level. The origin year for the series is 2005.

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

Fraction of renters in Taylor County

History of Taylor County Renter Fraction

Date US Texas Taylor County TX
2017 36.13% 38.03% 37.88%
2016 36.88% 38.91% 43.14%
2015 36.97% 38.94% 41.70%
2014 36.90% 38.84% 42.20%
2013 36.50% 38.16% 39.37%
2012 36.09% 37.72% 43.66%
2011 35.42% 37.08% 35.90%
2010 34.65% 36.42% 41.39%
2009 34.13% 36.32% 38.96%
2008 33.36% 35.10% 37.01%
2007 32.80% 34.82% 38.06%
2006 32.73% 34.75% 36.16%

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.