Greene County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Greene County TN was $630 in 2019 according to the Census ACS survey.1 Average gross rent in Greene County was $451 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 Greene County median and average rent data will be released in September of 2021.
Data is also available below for Greene County rental vacancy rates, Greene County rent as a percent of median income and the fraction of renters in Greene County.
Real Gross Rent in Greene 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% |
| Greene County TN Median Gross Rent | $630 | -10.00% | +13.72% |
Greene County TN Real Gross Rent Trends
Median gross rent for Greene County peaked in real terms in 2008 at $700 and is now $70 (10.00%) lower. Average gross rent for Greene County peaked in real terms in 2018 at $595 and is now $144 (24.20%) lower.
Real Gross Rent: Greene County TN Median, Greene County TN Average, Tennessee Median, US Median
Real Gross Rent History for Greene County
| Date | US Median |
Tennessee Median |
Greene County TN Median |
Greene County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $630 | $451 |
| 2018 | $1,077 | $877 | $700 | $595 |
| 2017 | $1,043 | $859 | $603 | $549 |
| 2016 | $1,027 | $844 | $554 | $508 |
| 2015 | $1,017 | $833 | $625 | $541 |
| 2014 | $986 | $813 | $563 | $495 |
| 2013 | $953 | $788 | $550 | $460 |
| 2012 | $940 | $777 | $618 | $511 |
| 2011 | $941 | $772 | $610 | $497 |
| 2010 | $955 | $779 | $565 | $445 |
| 2009 | $960 | $777 | $577 | $480 |
| 2007 | $927 | $745 | $528 | $405 |
| 2005 | $910 | $729 | $554 | $518 |
Greene 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 Greene County Tennessee was 9.61% according to Census ACS data.
Rental Vacancy Rate in Greene County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Greene County TN | — | — | — |
Trends in Greene County TN Rental Vacancy Rate
At 9.61%, Greene County residential rental vacancy rate in 2013 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Greene County TN, Tennessee, US
Historical Rental Vacancy Rate data for Greene County
| Date | US | Tennessee | Greene 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% | — |
| 2014 | 6.32% | 7.24% | — |
| 2013 | 6.49% | 7.86% | 9.61% |
| 2012 | 6.77% | 7.89% | — |
| 2011 | 7.40% | 8.54% | — |
| 2010 | 8.17% | 10.33% | — |
| 2009 | 8.43% | 10.52% | — |
| 2007 | 7.87% | 9.20% | 6.88% |
| 2005 | 7.74% | 8.82% | — |
Rent as a Fraction of Income
Using median household income data for Greene County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Greene County, median monthly gross rent as a fraction of median household income was 16.90% in 2019 according to the ACS.
Greene 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% |
| Greene County TN | 16.90% | -0.52% | +1.46% |
Trends in Greene County TN Rent as a Fraction of Income
The fraction of median Greene County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 21.27%. Since then it has fallen by 4.37% to 16.90%. From a 2016 low of 15.44%, the fraction of income going to rent has increased by 1.46%.
Fraction of Income towards Rent: Greene County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Greene County Tennessee
| Date | US | Tennessee | Greene County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 16.90% |
| 2018 | 20.50% | 19.73% | 17.42% |
| 2017 | 20.13% | 19.47% | 18.51% |
| 2016 | 20.43% | 19.92% | 15.44% |
| 2015 | 20.63% | 19.93% | 20.33% |
| 2014 | 20.89% | 20.83% | 17.43% |
| 2013 | 20.78% | 20.26% | 17.41% |
| 2012 | 20.65% | 20.48% | 20.19% |
| 2011 | 20.70% | 20.58% | 21.27% |
| 2010 | 20.50% | 20.17% | 17.25% |
| 2009 | 20.12% | 19.61% | 18.07% |
| 2007 | 18.66% | 17.96% | 15.87% |
| 2005 | 18.89% | 18.00% | 16.58% |
Renter Fraction in Greene County Tennessee
You can calculate the renter fraction in Greene 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 Greene County as a fraction of total Greene County households. In 2019 30.12% of households were renters according to Census ACS data.
Greene 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% |
| Greene County TN | 30.12% | +6.89% | +5.07% |
Trends in the Greene County TN Renter Fraction
The Greene County household renter fraction peaked in in 2014 at 34.11% and is now 3.99% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Greene County TN, Tennessee, US
History of Greene County Renter Fraction
| Date | US | Tennessee | Greene County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 30.12% |
| 2018 | 36.05% | 33.77% | 23.23% |
| 2017 | 36.13% | 34.57% | 25.56% |
| 2016 | 36.88% | 34.91% | 25.05% |
| 2015 | 36.97% | 34.18% | 28.98% |
| 2014 | 36.90% | 33.86% | 34.11% |
| 2013 | 36.50% | 33.62% | 24.86% |
| 2012 | 36.09% | 33.31% | 29.91% |
| 2011 | 35.42% | 32.72% | 28.26% |
| 2010 | 34.65% | 31.87% | 27.62% |
| 2009 | 34.13% | 30.85% | 27.78% |
| 2007 | 32.80% | 30.06% | 29.00% |
| 2005 | 33.10% | 30.74% | 28.45% |
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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