Department of Numbers

Travis County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Travis County TX was $1,245 in 2017 according to the Census ACS survey.1 Average gross rent in Travis County was $1,321 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 Travis County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Travis 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%
Travis County TX Median Gross Rent $1,245 +2.89% +11.36%

Travis County TX Real Gross Rent Trends

At $1,245, real median gross rent in Travis County was at its highest level in 2017 since the series began in 2005. At $1,321, real average gross rent in Travis County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Travis County

Date US
Median
Texas
Median
Travis County TX
Median
Travis County TX
Average
2017 $1,012 $987 $1,245 $1,321
2016 $996 $971 $1,210 $1,266
2015 $987 $959 $1,180 $1,237
2014 $956 $917 $1,118 $1,174
2013 $924 $875 $1,039 $1,113
2012 $912 $857 $1,012 $1,077
2011 $912 $852 $962 $1,038
2010 $927 $868 $995 $1,051
2009 $931 $871 $994 $1,067
2008 $947 $882 $1,029 $1,096
2007 $899 $836 $951 $1,016
2006 $909 $847 $956 $1,027

Travis 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 Travis County Texas was 7.57% according to Census ACS data.

Rental Vacancy Rate in Travis County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Travis County TX 7.57% +1.35% +2.99%

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 3.91% to 7.57%. Data records for this series originated in 2005. From a 2013 post peak low of 4.36%, the rental vacancy rate has increased by 3.21%.

Rental Vacancy Rate: Travis County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Travis County

Date US Texas Travis County TX
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%
2008 7.86% 10.24% 7.64%
2007 7.87% 10.61% 6.68%
2006 7.70% 10.28% 9.16%

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 20.50% in 2017 according to the ACS.

Travis 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%
Travis County TX 20.50% +0.13% -0.71%

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 0.79% to 20.50%.

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

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

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

Date US Texas Travis County TX
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%
2008 19.00% 18.42% 19.38%
2007 18.66% 18.52% 18.93%
2006 18.90% 18.99% 18.98%

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 2017 47.55% of households were renters according to Census ACS data.

Travis 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%
Travis County TX 47.55% -0.84% -1.42%

Trends in the Travis County TX Renter Fraction

The Travis County household renter fraction peaked in in 2011 at 50.02% and is now 2.47% below that level. The origin year for the series is 2005.

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

Fraction of renters in Travis County

History of Travis County Renter Fraction

Date US Texas Travis County TX
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%
2008 33.36% 35.10% 45.17%
2007 32.80% 34.82% 46.36%
2006 32.73% 34.75% 45.83%

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.