Department of Numbers

Tyler Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Tyler, TX (the Tyler metro area) was $856 in 2016 according to the Census ACS survey.1 Average gross rent in Tyler was $847 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Tyler median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Tyler Texas (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Texas Median Gross Rent $956 +1.27% +10.90%
Tyler, TX Median Gross Rent $856 -0.81% +0.94%

Tyler, TX Real Gross Rent Trends

Median gross rent for Tyler peaked in real terms in 2008 at $885 and is now $29 (3.28%) lower. Average gross rent for Tyler peaked in real terms in 2013 at $879 and is now $32 (3.64%) lower.

Real Gross Rent in Tyler: Tyler TX Median, Tyler TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tyler

Date US
Median
Texas
Median
Tyler, TX
Median
Tyler, TX
Average
2016 $981 $956 $856 $847
2015 $972 $944 $863 $874
2014 $942 $903 $832 $846
2013 $910 $862 $848 $879
2012 $898 $844 $784 $780
2011 $898 $839 $832 $870
2010 $912 $855 $852 $848
2009 $916 $858 $793 $787
2008 $932 $869 $885 $858
2007 $885 $824 $772 $773
2006 $895 $834 $817 $823
2005 $869 $801 $778 $788

Tyler 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 Tyler Texas was 12.65% according to Census ACS data.

Rental Vacancy Rate in Tyler Texas

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Texas 7.65% +0.70% -0.21%
Tyler, TX 12.65% +6.44%

Trends in Tyler, TX Rental Vacancy Rate

At 12.65%, Tyler residential rental vacancy rate in 2016 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Tyler TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Tyler

Date US Texas Tyler, TX
2016 5.89% 7.65% 12.65%
2015 5.85% 6.95% 6.21%
2014 6.32% 7.30% 6.70%
2013 6.49% 7.86%
2012 6.77% 8.53% 9.76%
2011 7.40% 9.23%
2010 8.17% 10.60% 5.37%
2009 8.43% 10.69% 7.67%
2008 7.86% 10.24% 7.94%
2007 7.87% 10.61% 7.30%
2006 7.70% 10.28% 6.47%
2005 7.74% 10.60% 9.85%

Rent as a Fraction of Income

Using median household income data for Tyler, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tyler, median monthly gross rent as a fraction of median household income was 19.54% in 2016 according to the ACS.

Tyler Texas Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Texas 20.28% +0.19% +0.39%
Tyler, TX 19.54% -1.30% -1.65%

Trends in Tyler, TX Rent as a Fraction of Income

The fraction of median Tyler household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.52%. Since then it has fallen by 2.98% to 19.54%.

Fraction of Income towards Rent: Tyler TX, Texas, US

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

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

Date US Texas Tyler, TX
2016 20.43% 20.28% 19.54%
2015 20.63% 20.10% 20.84%
2014 20.89% 20.27% 22.52%
2013 20.78% 19.89% 21.19%
2012 20.65% 19.65% 20.01%
2011 20.70% 19.75% 22.10%
2010 20.50% 19.77% 22.16%
2009 20.12% 19.59% 18.83%
2008 19.00% 18.42% 19.90%
2007 18.66% 18.52% 18.51%
2006 18.90% 18.99% 20.36%
2005 18.89% 19.11% 20.61%

Renter Fraction in Tyler Texas

You can calculate the renter fraction in Tyler 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 Tyler as a fraction of total Tyler households. In 2016 33.35% of households were renters according to Census ACS data.

Tyler Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Texas 38.91% -0.03% +0.75%
Tyler, TX 33.35% -0.63% -0.23%

Trends in the Tyler, TX Renter Fraction

The Tyler household renter fraction peaked in in 2014 at 38.08% and is now 4.73% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Tyler TX, Texas, US

Fraction of renters in Tyler

History of Tyler Renter Fraction

Date US Texas Tyler, TX
2016 36.88% 38.91% 33.35%
2015 36.97% 38.94% 33.98%
2014 36.90% 38.84% 38.08%
2013 36.50% 38.16% 33.58%
2012 36.09% 37.72% 35.98%
2011 35.42% 37.08% 31.97%
2010 34.65% 36.42% 32.85%
2009 34.13% 36.32% 29.91%
2008 33.36% 35.10% 28.11%
2007 32.80% 34.82% 30.02%
2006 32.73% 34.75% 28.50%
2005 33.10% 35.29% 34.85%

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.