Travis County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Travis County TX was $1,346 in 2019 according to the Census ACS survey.1 Average gross rent in Travis County was $1,413 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 Travis County median and average rent data will be released in September of 2021.
Data is also available below for Travis County rental vacancy rates, Travis County rent as a percent of median income and the fraction of renters in Travis County.
Real Gross Rent in Travis 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% |
| Travis County TX Median Gross Rent | $1,346 | +0.07% | +7.94% |
Travis County TX Real Gross Rent Trends
At $1,346, real median gross rent in Travis County was at its highest level in 2019 since the series began in 2005. At $1,413, real average gross rent in Travis County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Travis County TX Median, Travis County TX Average, Texas Median, US Median
Real Gross Rent History for Travis County
| Date | US Median |
Texas Median |
Travis County TX Median |
Travis County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,346 | $1,413 |
| 2018 | $1,077 | $1,065 | $1,345 | $1,405 |
| 2017 | $1,043 | $1,018 | $1,284 | $1,362 |
| 2016 | $1,027 | $1,001 | $1,247 | $1,306 |
| 2015 | $1,017 | $989 | $1,217 | $1,275 |
| 2014 | $986 | $946 | $1,153 | $1,211 |
| 2013 | $953 | $902 | $1,071 | $1,148 |
| 2012 | $940 | $884 | $1,044 | $1,111 |
| 2011 | $941 | $878 | $992 | $1,070 |
| 2010 | $955 | $895 | $1,026 | $1,084 |
| 2009 | $960 | $898 | $1,025 | $1,100 |
| 2007 | $927 | $862 | $981 | $1,048 |
| 2005 | $910 | $839 | $929 | $994 |
Travis 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 Travis County Texas was 5.07% according to Census ACS data.
Rental Vacancy Rate in Travis County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Travis County TX | 5.07% | -0.96% | -1.15% |
Trends in Travis County TX Rental Vacancy Rate
The rental vacancy rate in Travis County peaked in 2005 at 11.48%. Since then it has fallen by 6.41% to 5.07%. Data records for this series originated in 2005. From a 2013 post peak low of 4.36%, the rental vacancy rate has increased by 0.71%.
Rental Vacancy Rate: Travis County TX, Texas, US
Historical Rental Vacancy Rate data for Travis County
| Date | US | Texas | Travis County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 5.07% |
| 2018 | 6.15% | 8.21% | 6.03% |
| 2017 | 6.18% | 8.49% | 7.57% |
| 2016 | 5.89% | 7.65% | 6.22% |
| 2015 | 5.85% | 6.95% | 6.69% |
| 2014 | 6.32% | 7.30% | 4.58% |
| 2013 | 6.49% | 7.86% | 4.36% |
| 2012 | 6.77% | 8.53% | 4.48% |
| 2011 | 7.40% | 9.23% | 4.60% |
| 2010 | 8.17% | 10.60% | 6.55% |
| 2009 | 8.43% | 10.69% | 7.81% |
| 2007 | 7.87% | 10.61% | 6.68% |
| 2005 | 7.74% | 10.60% | 11.48% |
Rent as a Fraction of Income
Using median household income data for Travis County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Travis County, median monthly gross rent as a fraction of median household income was 20.01% in 2019 according to the ACS.
Travis 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% |
| Travis County TX | 20.01% | -0.74% | -0.36% |
Trends in Travis County TX Rent as a Fraction of Income
The fraction of median Travis County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.29%. Since then it has fallen by 1.28% to 20.01%.
Fraction of Income towards Rent: Travis County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Travis County Texas
| Date | US | Texas | Travis County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.01% |
| 2018 | 20.50% | 20.70% | 20.75% |
| 2017 | 20.13% | 20.00% | 20.50% |
| 2016 | 20.43% | 20.28% | 20.37% |
| 2015 | 20.63% | 20.10% | 21.09% |
| 2014 | 20.89% | 20.27% | 21.21% |
| 2013 | 20.78% | 19.89% | 20.18% |
| 2012 | 20.65% | 19.65% | 20.52% |
| 2011 | 20.70% | 19.75% | 20.77% |
| 2010 | 20.50% | 19.77% | 21.29% |
| 2009 | 20.12% | 19.59% | 20.20% |
| 2007 | 18.66% | 18.52% | 18.93% |
| 2005 | 18.89% | 19.11% | 18.56% |
Renter Fraction in Travis County Texas
You can calculate the renter fraction in Travis 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 Travis County as a fraction of total Travis County households. In 2019 47.71% of households were renters according to Census ACS data.
Travis 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% |
| Travis County TX | 47.71% | -0.57% | -0.68% |
Trends in the Travis County TX Renter Fraction
The Travis County household renter fraction peaked in in 2011 at 50.02% and is now 2.31% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Travis County TX, Texas, US
History of Travis County Renter Fraction
| Date | US | Texas | Travis County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 47.71% |
| 2018 | 36.05% | 38.28% | 48.28% |
| 2017 | 36.13% | 38.03% | 47.55% |
| 2016 | 36.88% | 38.91% | 48.39% |
| 2015 | 36.97% | 38.94% | 48.94% |
| 2014 | 36.90% | 38.84% | 48.97% |
| 2013 | 36.50% | 38.16% | 48.32% |
| 2012 | 36.09% | 37.72% | 48.57% |
| 2011 | 35.42% | 37.08% | 50.02% |
| 2010 | 34.65% | 36.42% | 48.74% |
| 2009 | 34.13% | 36.32% | 47.83% |
| 2007 | 32.80% | 34.82% | 46.36% |
| 2005 | 33.10% | 35.29% | 45.08% |
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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