Kingsport Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Kingsport, TN (the Kingsport-Bristol-Bristol metro area) was $661 in 2019 according to the Census ACS survey.1 Average gross rent in Kingsport was $601 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 Kingsport median and average rent data will be released in September of 2021.
Data is also available below for Kingsport rental vacancy rates, Kingsport rent as a percent of median income and the fraction of renters in Kingsport.
Real Gross Rent in Kingsport 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% |
| Kingsport, TN Median Gross Rent | $661 | +3.93% | -0.30% |
Kingsport, TN Real Gross Rent Trends
Median gross rent for Kingsport peaked in real terms in 2009 at $667 and is now $6 (0.90%) lower. At $601, real average gross rent in Kingsport was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Kingsport: Kingsport TN Median, Kingsport TN Average, Tennessee Median, US Median
Real Gross Rent History for Kingsport
| Date | US Median |
Tennessee Median |
Kingsport, TN Median |
Kingsport, TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $661 | $601 |
| 2018 | $1,077 | $877 | $636 | $583 |
| 2017 | $1,043 | $859 | $649 | $598 |
| 2016 | $1,027 | $844 | $663 | $569 |
| 2015 | $1,017 | $833 | $659 | $593 |
| 2014 | $986 | $813 | $611 | $594 |
| 2013 | $953 | $788 | $618 | $591 |
| 2012 | $940 | $777 | $631 | $584 |
| 2011 | $941 | $772 | $628 | $583 |
| 2010 | $955 | $779 | $618 | $564 |
| 2009 | $960 | $777 | $667 | $586 |
| 2007 | $927 | $745 | $565 | $532 |
| 2005 | $910 | $729 | $566 | $514 |
Kingsport Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Kingsport Tennessee was 4.05% according to Census ACS data.
Rental Vacancy Rate in Kingsport Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Kingsport, TN | 4.05% | -1.27% | -0.64% |
Trends in Kingsport, TN Rental Vacancy Rate
The rental vacancy rate in Kingsport peaked in 2009 at 9.31%. Since then it has fallen by 5.26% to 4.05%. Data records for this series originated in 2005.
Rental Vacancy Rate: Kingsport TN, Tennessee, US
Historical Rental Vacancy Rate data for Kingsport
| Date | US | Tennessee | Kingsport, TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | 4.05% |
| 2018 | 6.15% | 7.56% | 5.32% |
| 2017 | 6.18% | 6.67% | 4.37% |
| 2016 | 5.89% | 6.68% | 4.69% |
| 2015 | 5.85% | 7.13% | 5.17% |
| 2014 | 6.32% | 7.24% | 5.34% |
| 2013 | 6.49% | 7.86% | 8.39% |
| 2012 | 6.77% | 7.89% | 4.59% |
| 2011 | 7.40% | 8.54% | 7.03% |
| 2010 | 8.17% | 10.33% | 6.80% |
| 2009 | 8.43% | 10.52% | 9.31% |
| 2007 | 7.87% | 9.20% | 3.44% |
| 2005 | 7.74% | 8.82% | 7.50% |
Rent as a Fraction of Income
Using median household income data for Kingsport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kingsport, median monthly gross rent as a fraction of median household income was 16.32% in 2019 according to the ACS.
Kingsport 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% |
| Kingsport, TN | 16.32% | -1.56% | -2.30% |
Trends in Kingsport, TN Rent as a Fraction of Income
The fraction of median Kingsport household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 19.36%. Since then it has fallen by 3.05% to 16.32%.
Fraction of Income towards Rent: Kingsport TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Kingsport Tennessee
| Date | US | Tennessee | Kingsport, TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 16.32% |
| 2018 | 20.50% | 19.73% | 17.88% |
| 2017 | 20.13% | 19.47% | 17.35% |
| 2016 | 20.43% | 19.92% | 18.61% |
| 2015 | 20.63% | 19.93% | 18.08% |
| 2014 | 20.89% | 20.83% | 17.72% |
| 2013 | 20.78% | 20.26% | 18.00% |
| 2012 | 20.65% | 20.48% | 18.84% |
| 2011 | 20.70% | 20.58% | 18.44% |
| 2010 | 20.50% | 20.17% | 19.10% |
| 2009 | 20.12% | 19.61% | 19.36% |
| 2007 | 18.66% | 17.96% | 15.83% |
| 2005 | 18.89% | 18.00% | 16.15% |
Renter Fraction in Kingsport Tennessee
You can calculate the renter fraction in Kingsport 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 Kingsport as a fraction of total Kingsport households. In 2019 27.00% of households were renters according to Census ACS data.
Kingsport 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% |
| Kingsport, TN | 27.00% | +0.39% | -1.33% |
Trends in the Kingsport, TN Renter Fraction
The Kingsport household renter fraction peaked in in 2015 at 29.24% and is now 2.24% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Kingsport TN, Tennessee, US
History of Kingsport Renter Fraction
| Date | US | Tennessee | Kingsport, TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 27.00% |
| 2018 | 36.05% | 33.77% | 26.61% |
| 2017 | 36.13% | 34.57% | 26.79% |
| 2016 | 36.88% | 34.91% | 28.33% |
| 2015 | 36.97% | 34.18% | 29.24% |
| 2014 | 36.90% | 33.86% | 26.41% |
| 2013 | 36.50% | 33.62% | 25.38% |
| 2012 | 36.09% | 33.31% | 26.26% |
| 2011 | 35.42% | 32.72% | 26.61% |
| 2010 | 34.65% | 31.87% | 27.49% |
| 2009 | 34.13% | 30.85% | 27.65% |
| 2007 | 32.80% | 30.06% | 26.13% |
| 2005 | 33.10% | 30.74% | 25.43% |
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. ↩
