Tom Green County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Tom Green County TX was $958 in 2019 according to the Census ACS survey.1 Average gross rent in Tom Green County was $895 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 Tom Green County median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Tom Green 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% |
| Tom Green County TX Median Gross Rent | $958 | +10.50% | +8.13% |
Tom Green County TX Real Gross Rent Trends
At $958, real median gross rent in Tom Green County was at its highest level in 2019 since the series began in 2005. Average gross rent for Tom Green County peaked in real terms in 2018 at $939 and is now $44 (4.69%) lower.
Real Gross Rent: Tom Green County TX Median, Tom Green County TX Average, Texas Median, US Median
Real Gross Rent History for Tom Green County
| Date | US Median |
Texas Median |
Tom Green County TX Median |
Tom Green County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $958 | $895 |
| 2018 | $1,077 | $1,065 | $867 | $939 |
| 2017 | $1,043 | $1,018 | $845 | $821 |
| 2016 | $1,027 | $1,001 | $886 | $871 |
| 2015 | $1,017 | $989 | $937 | $907 |
| 2014 | $986 | $946 | $834 | $800 |
| 2013 | $953 | $902 | $787 | $831 |
| 2012 | $940 | $884 | $727 | $771 |
| 2011 | $941 | $878 | $769 | $741 |
| 2010 | $955 | $895 | $701 | $691 |
| 2009 | $960 | $898 | $815 | $727 |
| 2007 | $927 | $862 | $789 | $694 |
| 2005 | $910 | $839 | $695 | $641 |
Tom Green County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Tom Green County Texas was 8.25% according to Census ACS data.
Rental Vacancy Rate in Tom Green County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| 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 5.11% to 8.25%. Data records for this series originated in 2005. From a 2013 post peak low of 2.76%, the rental vacancy rate has increased by 5.49%.
Rental Vacancy Rate: Tom Green County TX, Texas, US
Historical Rental Vacancy Rate data for Tom Green County
| Date | US | Texas | Tom Green County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | 8.25% |
| 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% | — |
| 2007 | 7.87% | 10.61% | 11.61% |
| 2005 | 7.74% | 10.60% | 9.64% |
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 20.53% in 2019 according to the ACS.
Tom Green 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% |
| Tom Green County TX | 20.53% | +0.98% | -0.31% |
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 1.49% to 20.53%.
Fraction of Income towards Rent: Tom Green County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Tom Green County Texas
| Date | US | Texas | Tom Green County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.53% |
| 2018 | 20.50% | 20.70% | 19.56% |
| 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% |
| 2007 | 18.66% | 18.52% | 19.70% |
| 2005 | 18.89% | 19.11% | 17.53% |
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 2019 33.60% of households were renters according to Census ACS data.
Tom Green 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% |
| Tom Green County TX | 33.60% | -4.14% | -5.52% |
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 7.53% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tom Green County TX, Texas, US
History of Tom Green County Renter Fraction
| Date | US | Texas | Tom Green County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 33.60% |
| 2018 | 36.05% | 38.28% | 37.74% |
| 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% |
| 2007 | 32.80% | 34.82% | 28.60% |
| 2005 | 33.10% | 35.29% | 32.58% |
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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