Department of Numbers

Tom Green County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Tom Green County TX was $820 in 2017 according to the Census ACS survey.1 Average gross rent in Tom Green County was $796 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 Tom Green County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Tom Green 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%
Tom Green County TX Median Gross Rent $820 -4.54% +1.36%

Tom Green County TX Real Gross Rent Trends

Median gross rent for Tom Green County peaked in real terms in 2015 at $908 and is now $88 (9.69%) lower. Average gross rent for Tom Green County peaked in real terms in 2015 at $880 and is now $84 (9.55%) lower.

Real Gross Rent: Tom Green County TX Median, Tom Green County TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tom Green County

Date US
Median
Texas
Median
Tom Green County TX
Median
Tom Green County TX
Average
2017 $1,012 $987 $820 $796
2016 $996 $971 $859 $845
2015 $987 $959 $908 $880
2014 $956 $917 $809 $776
2013 $924 $875 $763 $806
2012 $912 $857 $705 $748
2011 $912 $852 $746 $719
2010 $927 $868 $680 $670
2009 $931 $871 $790 $705
2008 $947 $882 $700 $662
2007 $899 $836 $766 $673
2006 $909 $847 $723 $691

Tom Green County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Tom Green County Texas was 8.12% according to Census ACS data.

Rental Vacancy Rate in Tom Green County Texas

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

Trends in Tom Green County TX Rental Vacancy Rate

The rental vacancy rate in Tom Green County peaked in 2008 at 13.36%. Since then it has fallen by 5.24% to 8.12%. Data records for this series originated in 2005. From a 2013 post peak low of 2.76%, the rental vacancy rate has increased by 5.36%.

Rental Vacancy Rate: Tom Green County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Tom Green County

Date US Texas Tom Green County TX
2017 6.18% 8.49%
2016 5.89% 7.65% 8.12%
2015 5.85% 6.95% 6.16%
2014 6.32% 7.30% 4.08%
2013 6.49% 7.86% 2.76%
2012 6.77% 8.53% 3.92%
2011 7.40% 9.23% 4.25%
2010 8.17% 10.60% 9.12%
2009 8.43% 10.69%
2008 7.86% 10.24% 13.36%
2007 7.87% 10.61% 11.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Tom Green County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tom Green County, median monthly gross rent as a fraction of median household income was 19.25% in 2017 according to the ACS.

Tom Green 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%
Tom Green County TX 19.25% -1.60% -1.83%

Trends in Tom Green County TX Rent as a Fraction of Income

The fraction of median Tom Green County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.02%. Since then it has fallen by 2.77% to 19.25%.

Fraction of Income towards Rent: Tom Green County TX, Texas, US

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

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

Date US Texas Tom Green County TX
2017 20.13% 20.00% 19.25%
2016 20.43% 20.28% 20.85%
2015 20.63% 20.10% 22.02%
2014 20.89% 20.27% 21.09%
2013 20.78% 19.89% 19.50%
2012 20.65% 19.65% 18.36%
2011 20.70% 19.75% 19.82%
2010 20.50% 19.77% 19.78%
2009 20.12% 19.59% 21.04%
2008 19.00% 18.42% 16.79%
2007 18.66% 18.52% 19.70%
2006 18.90% 18.99% 20.70%

Renter Fraction in Tom Green County Texas

You can calculate the renter fraction in Tom Green 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 Tom Green County as a fraction of total Tom Green County households. In 2017 35.56% of households were renters according to Census ACS data.

Tom Green 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%
Tom Green County TX 35.56% -3.56% -4.02%

Trends in the Tom Green County TX Renter Fraction

The Tom Green County household renter fraction peaked in in 2012 at 41.13% and is now 5.57% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Tom Green County TX, Texas, US

Fraction of renters in Tom Green County

History of Tom Green County Renter Fraction

Date US Texas Tom Green County TX
2017 36.13% 38.03% 35.56%
2016 36.88% 38.91% 39.12%
2015 36.97% 38.94% 39.50%
2014 36.90% 38.84% 39.58%
2013 36.50% 38.16% 36.43%
2012 36.09% 37.72% 41.13%
2011 35.42% 37.08% 37.33%
2010 34.65% 36.42% 32.66%
2009 34.13% 36.32% 33.74%
2008 33.36% 35.10% 34.95%
2007 32.80% 34.82% 28.60%
2006 32.73% 34.75% 33.94%

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.