Anderson County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Anderson County TN was $817 in 2019 according to the Census ACS survey.1 Average gross rent in Anderson County was $742 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 Anderson County median and average rent data will be released in September of 2021.
Data is also available below for Anderson County rental vacancy rates, Anderson County rent as a percent of median income and the fraction of renters in Anderson County.
Real Gross Rent in Anderson County Tennessee (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Tennessee Median Gross Rent | $904 | +3.08% | +7.11% |
| Anderson County TN Median Gross Rent | $817 | +7.64% | +6.10% |
Anderson County TN Real Gross Rent Trends
At $817, real median gross rent in Anderson County was at its highest level in 2019 since the series began in 2005. Average gross rent for Anderson County peaked in real terms in 2016 at $775 and is now $33 (4.26%) lower.
Real Gross Rent: Anderson County TN Median, Anderson County TN Average, Tennessee Median, US Median
Real Gross Rent History for Anderson County
| Date | US Median |
Tennessee Median |
Anderson County TN Median |
Anderson County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $817 | $742 |
| 2018 | $1,077 | $877 | $759 | $744 |
| 2017 | $1,043 | $859 | $705 | $681 |
| 2016 | $1,027 | $844 | $770 | $775 |
| 2015 | $1,017 | $833 | $686 | $678 |
| 2014 | $986 | $813 | $714 | $640 |
| 2013 | $953 | $788 | $722 | $656 |
| 2012 | $940 | $777 | $655 | $620 |
| 2011 | $941 | $772 | $702 | $692 |
| 2010 | $955 | $779 | $734 | $641 |
| 2009 | $960 | $777 | $732 | $636 |
| 2007 | $927 | $745 | $646 | $536 |
| 2005 | $910 | $729 | $678 | $635 |
Anderson 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 Anderson County Tennessee was 5.68% according to Census ACS data.
Rental Vacancy Rate in Anderson County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Anderson County TN | — | — | — |
Trends in Anderson County TN Rental Vacancy Rate
The rental vacancy rate in Anderson County peaked in 2008 at 9.98%. Since then it has fallen by 4.30% to 5.68%. Data records for this series originated in 2005.
Rental Vacancy Rate: Anderson County TN, Tennessee, US
Historical Rental Vacancy Rate data for Anderson County
| Date | US | Tennessee | Anderson County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | — |
| 2018 | 6.15% | 7.56% | — |
| 2017 | 6.18% | 6.67% | — |
| 2016 | 5.89% | 6.68% | — |
| 2015 | 5.85% | 7.13% | 5.68% |
| 2014 | 6.32% | 7.24% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 7.89% | — |
| 2011 | 7.40% | 8.54% | — |
| 2010 | 8.17% | 10.33% | 8.06% |
| 2009 | 8.43% | 10.52% | — |
| 2007 | 7.87% | 9.20% | — |
| 2005 | 7.74% | 8.82% | — |
Rent as a Fraction of Income
Using median household income data for Anderson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Anderson County, median monthly gross rent as a fraction of median household income was 19.99% in 2019 according to the ACS.
Anderson County Tennessee Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Tennessee | 19.35% | -0.38% | -0.58% |
| Anderson County TN | 19.99% | +2.30% | +0.84% |
Trends in Anderson County TN Rent as a Fraction of Income
The fraction of median Anderson County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 20.12%. Since then it has fallen by 0.13% to 19.99%.
Fraction of Income towards Rent: Anderson County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Anderson County Tennessee
| Date | US | Tennessee | Anderson County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 19.99% |
| 2018 | 20.50% | 19.73% | 17.69% |
| 2017 | 20.13% | 19.47% | 17.06% |
| 2016 | 20.43% | 19.92% | 19.15% |
| 2015 | 20.63% | 19.93% | 18.16% |
| 2014 | 20.89% | 20.83% | 16.96% |
| 2013 | 20.78% | 20.26% | 20.12% |
| 2012 | 20.65% | 20.48% | 19.24% |
| 2011 | 20.70% | 20.58% | 19.14% |
| 2010 | 20.50% | 20.17% | 16.32% |
| 2009 | 20.12% | 19.61% | 17.39% |
| 2007 | 18.66% | 17.96% | 16.45% |
| 2005 | 18.89% | 18.00% | 18.06% |
Renter Fraction in Anderson County Tennessee
You can calculate the renter fraction in Anderson 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 Anderson County as a fraction of total Anderson County households. In 2019 28.99% of households were renters according to Census ACS data.
Anderson County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Tennessee | 33.49% | -0.28% | -1.42% |
| Anderson County TN | 28.99% | -3.14% | -7.06% |
Trends in the Anderson County TN Renter Fraction
The Anderson County household renter fraction peaked in in 2016 at 36.05% and is now 7.06% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Anderson County TN, Tennessee, US
History of Anderson County Renter Fraction
| Date | US | Tennessee | Anderson County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 28.99% |
| 2018 | 36.05% | 33.77% | 32.13% |
| 2017 | 36.13% | 34.57% | 35.63% |
| 2016 | 36.88% | 34.91% | 36.05% |
| 2015 | 36.97% | 34.18% | 34.19% |
| 2014 | 36.90% | 33.86% | 28.15% |
| 2013 | 36.50% | 33.62% | 32.77% |
| 2012 | 36.09% | 33.31% | 33.85% |
| 2011 | 35.42% | 32.72% | 28.87% |
| 2010 | 34.65% | 31.87% | 26.20% |
| 2009 | 34.13% | 30.85% | 32.02% |
| 2007 | 32.80% | 30.06% | 26.39% |
| 2005 | 33.10% | 30.74% | 28.35% |
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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