Department of Numbers

Walker County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Walker County TX was $849 in 2017 according to the Census ACS survey.1 Average gross rent in Walker County was $904 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 Walker County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Walker 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%
Walker County TX Median Gross Rent $849 -1.96% +2.78%

Walker County TX Real Gross Rent Trends

Median gross rent for Walker County peaked in real terms in 2016 at $866 and is now $17 (1.96%) lower. Average gross rent for Walker County peaked in real terms in 2016 at $948 and is now $44 (4.64%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Walker County

Date US
Median
Texas
Median
Walker County TX
Median
Walker County TX
Average
2017 $1,012 $987 $849 $904
2016 $996 $971 $866 $948
2015 $987 $959 $820 $888
2014 $956 $917 $826 $899
2013 $924 $875 $768 $770
2012 $912 $857 $783 $737
2011 $912 $852 $765 $723
2010 $927 $868 $771 $846
2009 $931 $871
2008 $947 $882
2007 $899 $836
2006 $909 $847

Walker County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Walker County Texas was 10.36% according to Census ACS data.

Rental Vacancy Rate in Walker County Texas

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

Trends in Walker County TX Rental Vacancy Rate

At 10.36%, Walker County residential rental vacancy rate in 2013 is at the highest point since 2010, the beginning of our reporting for this series.

Rental Vacancy Rate: Walker County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Walker County

Date US Texas Walker County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95%
2014 6.32% 7.30%
2013 6.49% 7.86% 10.36%
2012 6.77% 8.53% 6.93%
2011 7.40% 9.23%
2010 8.17% 10.60%
2009 8.43% 10.69%
2008 7.86% 10.24%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Walker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Walker County, median monthly gross rent as a fraction of median household income was 24.89% in 2017 according to the ACS.

Walker 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%
Walker County TX 24.89% +0.89% -0.28%

Trends in Walker County TX Rent as a Fraction of Income

The fraction of median Walker County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2010 series origin) at 25.16%. Since then it has fallen by 0.28% to 24.89%.

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

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

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

Date US Texas Walker County TX
2017 20.13% 20.00% 24.89%
2016 20.43% 20.28% 23.99%
2015 20.63% 20.10% 23.65%
2014 20.89% 20.27% 25.16%
2013 20.78% 19.89% 23.52%
2012 20.65% 19.65% 25.03%
2011 20.70% 19.75% 22.54%
2010 20.50% 19.77% 23.83%
2009 20.12% 19.59%
2008 19.00% 18.42%
2007 18.66% 18.52%
2006 18.90% 18.99%

Renter Fraction in Walker County Texas

You can calculate the renter fraction in Walker 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 Walker County as a fraction of total Walker County households. In 2017 54.75% of households were renters according to Census ACS data.

Walker 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%
Walker County TX 54.75% +6.94% +11.50%

Trends in the Walker County TX Renter Fraction

At 54.75%, the 2017 household based renter fraction in Walker County was at its highest level. The origin year for the series is 2010.

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

Fraction of renters in Walker County

History of Walker County Renter Fraction

Date US Texas Walker County TX
2017 36.13% 38.03% 54.75%
2016 36.88% 38.91% 47.81%
2015 36.97% 38.94% 47.78%
2014 36.90% 38.84% 43.25%
2013 36.50% 38.16% 42.15%
2012 36.09% 37.72% 44.59%
2011 35.42% 37.08% 39.13%
2010 34.65% 36.42% 42.29%
2009 34.13% 36.32%
2008 33.36% 35.10%
2007 32.80% 34.82%
2006 32.73% 34.75%

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.