Department of Numbers

Victoria County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Victoria County TX was $895 in 2017 according to the Census ACS survey.1 Average gross rent in Victoria County was $828 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 Victoria County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Victoria 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%
Victoria County TX Median Gross Rent $895 +1.70% +7.96%

Victoria County TX Real Gross Rent Trends

At $895, real median gross rent in Victoria County was at its highest level in 2017 since the series began in 2005. Average gross rent for Victoria County peaked in real terms in 2016 at $880 and is now $52 (5.91%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Victoria County

Date US
Median
Texas
Median
Victoria County TX
Median
Victoria County TX
Average
2017 $1,012 $987 $895 $828
2016 $996 $971 $880 $880
2015 $987 $959 $822 $845
2014 $956 $917 $829 $871
2013 $924 $875 $827 $842
2012 $912 $857 $734 $705
2011 $912 $852 $793 $778
2010 $927 $868 $698 $723
2009 $931 $871 $756 $739
2008 $947 $882 $811 $788
2007 $899 $836 $665 $659
2006 $909 $847 $844 $791

Victoria County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Victoria County Texas was 12.50% according to Census ACS data.

Rental Vacancy Rate in Victoria County Texas

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

Trends in Victoria County TX Rental Vacancy Rate

At 12.50%, Victoria County residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Victoria County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Victoria County

Date US Texas Victoria County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95% 12.50%
2014 6.32% 7.30%
2013 6.49% 7.86%
2012 6.77% 8.53%
2011 7.40% 9.23% 3.22%
2010 8.17% 10.60% 5.19%
2009 8.43% 10.69%
2008 7.86% 10.24% 9.35%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Victoria County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Victoria County, median monthly gross rent as a fraction of median household income was 20.70% in 2017 according to the ACS.

Victoria 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%
Victoria County TX 20.70% +1.35% +1.35%

Trends in Victoria County TX Rent as a Fraction of Income

The fraction of median Victoria County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 20.95%. Since then it has fallen by 0.25% to 20.70%. From a 2007 low of 15.39%, the fraction of income going to rent has increased by 5.31%.

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

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

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

Date US Texas Victoria County TX
2017 20.13% 20.00% 20.70%
2016 20.43% 20.28% 19.35%
2015 20.63% 20.10% 16.96%
2014 20.89% 20.27% 19.35%
2013 20.78% 19.89% 18.58%
2012 20.65% 19.65% 17.04%
2011 20.70% 19.75% 19.98%
2010 20.50% 19.77% 15.99%
2009 20.12% 19.59% 17.01%
2008 19.00% 18.42% 18.57%
2007 18.66% 18.52% 15.39%
2006 18.90% 18.99% 18.68%

Renter Fraction in Victoria County Texas

You can calculate the renter fraction in Victoria 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 Victoria County as a fraction of total Victoria County households. In 2017 34.84% of households were renters according to Census ACS data.

Victoria 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%
Victoria County TX 34.84% -3.33% -0.08%

Trends in the Victoria County TX Renter Fraction

The Victoria County household renter fraction peaked in in 2016 at 38.17% and is now 3.33% below that level. The origin year for the series is 2005.

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

Fraction of renters in Victoria County

History of Victoria County Renter Fraction

Date US Texas Victoria County TX
2017 36.13% 38.03% 34.84%
2016 36.88% 38.91% 38.17%
2015 36.97% 38.94% 31.40%
2014 36.90% 38.84% 34.92%
2013 36.50% 38.16% 32.92%
2012 36.09% 37.72% 37.22%
2011 35.42% 37.08% 32.53%
2010 34.65% 36.42% 33.05%
2009 34.13% 36.32% 34.71%
2008 33.36% 35.10% 32.91%
2007 32.80% 34.82% 35.48%
2006 32.73% 34.75% 35.51%

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.