Bradley County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Bradley County TN was $777 in 2019 according to the Census ACS survey.1 Average gross rent in Bradley County was $699 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 Bradley County median and average rent data will be released in September of 2021.
Data is also available below for Bradley County rental vacancy rates, Bradley County rent as a percent of median income and the fraction of renters in Bradley County.
Real Gross Rent in Bradley 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% |
| Bradley County TN Median Gross Rent | $777 | -4.43% | +4.72% |
Bradley County TN Real Gross Rent Trends
Median gross rent for Bradley County peaked in real terms in 2018 at $813 and is now $36 (4.43%) lower. Average gross rent for Bradley County peaked in real terms in 2015 at $781 and is now $82 (10.50%) lower.
Real Gross Rent: Bradley County TN Median, Bradley County TN Average, Tennessee Median, US Median
Real Gross Rent History for Bradley County
| Date | US Median |
Tennessee Median |
Bradley County TN Median |
Bradley County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $777 | $699 |
| 2018 | $1,077 | $877 | $813 | $775 |
| 2017 | $1,043 | $859 | $758 | $761 |
| 2016 | $1,027 | $844 | $742 | $702 |
| 2015 | $1,017 | $833 | $777 | $781 |
| 2014 | $986 | $813 | $787 | $726 |
| 2013 | $953 | $788 | $707 | $666 |
| 2012 | $940 | $777 | $728 | $722 |
| 2011 | $941 | $772 | $720 | $724 |
| 2010 | $955 | $779 | $788 | $732 |
| 2009 | $960 | $777 | $721 | $678 |
| 2007 | $927 | $745 | $676 | $627 |
| 2005 | $910 | $729 | $674 | $546 |
Bradley County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Bradley County Tennessee was 6.10% according to Census ACS data.
Rental Vacancy Rate in Bradley County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Bradley County TN | — | — | — |
Trends in Bradley County TN Rental Vacancy Rate
The rental vacancy rate in Bradley County peaked in 2011 at 8.83%. Since then it has fallen by 2.73% to 6.10%. Data records for this series originated in 2005.
Rental Vacancy Rate: Bradley County TN, Tennessee, US
Historical Rental Vacancy Rate data for Bradley County
| Date | US | Tennessee | Bradley County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | — |
| 2018 | 6.15% | 7.56% | 6.10% |
| 2017 | 6.18% | 6.67% | — |
| 2016 | 5.89% | 6.68% | — |
| 2015 | 5.85% | 7.13% | — |
| 2014 | 6.32% | 7.24% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 7.89% | — |
| 2011 | 7.40% | 8.54% | 8.83% |
| 2010 | 8.17% | 10.33% | — |
| 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 Bradley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bradley County, median monthly gross rent as a fraction of median household income was 17.77% in 2019 according to the ACS.
Bradley 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% |
| Bradley County TN | 17.77% | -1.19% | -1.20% |
Trends in Bradley County TN Rent as a Fraction of Income
The fraction of median Bradley County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.88%. Since then it has fallen by 5.11% to 17.77%.
Fraction of Income towards Rent: Bradley County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Bradley County Tennessee
| Date | US | Tennessee | Bradley County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 17.77% |
| 2018 | 20.50% | 19.73% | 18.96% |
| 2017 | 20.13% | 19.47% | 18.05% |
| 2016 | 20.43% | 19.92% | 18.97% |
| 2015 | 20.63% | 19.93% | 20.47% |
| 2014 | 20.89% | 20.83% | 21.00% |
| 2013 | 20.78% | 20.26% | 18.85% |
| 2012 | 20.65% | 20.48% | 21.32% |
| 2011 | 20.70% | 20.58% | 21.55% |
| 2010 | 20.50% | 20.17% | 22.88% |
| 2009 | 20.12% | 19.61% | 19.31% |
| 2007 | 18.66% | 17.96% | 17.79% |
| 2005 | 18.89% | 18.00% | 16.11% |
Renter Fraction in Bradley County Tennessee
You can calculate the renter fraction in Bradley 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 Bradley County as a fraction of total Bradley County households. In 2019 35.29% of households were renters according to Census ACS data.
Bradley 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% |
| Bradley County TN | 35.29% | +2.62% | +1.08% |
Trends in the Bradley County TN Renter Fraction
The Bradley County household renter fraction peaked in in 2015 at 38.98% and is now 3.69% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bradley County TN, Tennessee, US
History of Bradley County Renter Fraction
| Date | US | Tennessee | Bradley County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 35.29% |
| 2018 | 36.05% | 33.77% | 32.67% |
| 2017 | 36.13% | 34.57% | 36.27% |
| 2016 | 36.88% | 34.91% | 34.21% |
| 2015 | 36.97% | 34.18% | 38.98% |
| 2014 | 36.90% | 33.86% | 34.17% |
| 2013 | 36.50% | 33.62% | 32.72% |
| 2012 | 36.09% | 33.31% | 35.22% |
| 2011 | 35.42% | 32.72% | 35.77% |
| 2010 | 34.65% | 31.87% | 31.05% |
| 2009 | 34.13% | 30.85% | 31.26% |
| 2007 | 32.80% | 30.06% | 33.23% |
| 2005 | 33.10% | 30.74% | 28.84% |
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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