Maury County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Maury County TN was $913 in 2019 according to the Census ACS survey.1 Average gross rent in Maury County was $939 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 Maury County median and average rent data will be released in September of 2021.
Data is also available below for Maury County rental vacancy rates, Maury County rent as a percent of median income and the fraction of renters in Maury County.
Real Gross Rent in Maury 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% |
| Maury County TN Median Gross Rent | $913 | +4.34% | +13.84% |
Maury County TN Real Gross Rent Trends
Median gross rent for Maury County peaked in real terms in 2017 at $981 and is now $68 (6.93%) lower. At $939, real average gross rent in Maury County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Maury County TN Median, Maury County TN Average, Tennessee Median, US Median
Real Gross Rent History for Maury County
| Date | US Median |
Tennessee Median |
Maury County TN Median |
Maury County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $913 | $939 |
| 2018 | $1,077 | $877 | $875 | $865 |
| 2017 | $1,043 | $859 | $981 | $899 |
| 2016 | $1,027 | $844 | $802 | $867 |
| 2015 | $1,017 | $833 | $832 | $899 |
| 2014 | $986 | $813 | $829 | $741 |
| 2013 | $953 | $788 | $678 | $652 |
| 2012 | $940 | $777 | $682 | $630 |
| 2011 | $941 | $772 | $703 | $701 |
| 2010 | $955 | $779 | $705 | $656 |
| 2009 | $960 | $777 | $674 | $631 |
| 2007 | $927 | $745 | $723 | $685 |
| 2005 | $910 | $729 | $731 | $715 |
Maury 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 Maury County Tennessee was 10.38% according to Census ACS data.
Rental Vacancy Rate in Maury County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Maury County TN | — | — | — |
Trends in Maury County TN Rental Vacancy Rate
At 10.38%, Maury County residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Maury County TN, Tennessee, US
Historical Rental Vacancy Rate data for Maury County
| Date | US | Tennessee | Maury County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | — |
| 2018 | 6.15% | 7.56% | 10.38% |
| 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% | 4.71% |
| 2011 | 7.40% | 8.54% | — |
| 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 Maury County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Maury County, median monthly gross rent as a fraction of median household income was 16.41% in 2019 according to the ACS.
Maury 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% |
| Maury County TN | 16.41% | -2.76% | -1.76% |
Trends in Maury County TN Rent as a Fraction of Income
The fraction of median Maury County household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 19.93%. Since then it has fallen by 3.52% to 16.41%.
Fraction of Income towards Rent: Maury County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Maury County Tennessee
| Date | US | Tennessee | Maury County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 16.41% |
| 2018 | 20.50% | 19.73% | 19.16% |
| 2017 | 20.13% | 19.47% | 19.93% |
| 2016 | 20.43% | 19.92% | 18.17% |
| 2015 | 20.63% | 19.93% | 18.55% |
| 2014 | 20.89% | 20.83% | 17.45% |
| 2013 | 20.78% | 20.26% | 16.91% |
| 2012 | 20.65% | 20.48% | 18.33% |
| 2011 | 20.70% | 20.58% | 19.28% |
| 2010 | 20.50% | 20.17% | 16.67% |
| 2009 | 20.12% | 19.61% | 16.57% |
| 2007 | 18.66% | 17.96% | 16.27% |
| 2005 | 18.89% | 18.00% | 17.13% |
Renter Fraction in Maury County Tennessee
You can calculate the renter fraction in Maury 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 Maury County as a fraction of total Maury County households. In 2019 23.45% of households were renters according to Census ACS data.
Maury 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% |
| Maury County TN | 23.45% | -7.26% | -7.17% |
Trends in the Maury County TN Renter Fraction
The Maury County household renter fraction peaked in in 2012 at 35.72% and is now 12.27% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Maury County TN, Tennessee, US
History of Maury County Renter Fraction
| Date | US | Tennessee | Maury County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 23.45% |
| 2018 | 36.05% | 33.77% | 30.71% |
| 2017 | 36.13% | 34.57% | 29.49% |
| 2016 | 36.88% | 34.91% | 30.62% |
| 2015 | 36.97% | 34.18% | 35.32% |
| 2014 | 36.90% | 33.86% | 29.53% |
| 2013 | 36.50% | 33.62% | 30.63% |
| 2012 | 36.09% | 33.31% | 35.72% |
| 2011 | 35.42% | 32.72% | 28.96% |
| 2010 | 34.65% | 31.87% | 27.57% |
| 2009 | 34.13% | 30.85% | 26.40% |
| 2007 | 32.80% | 30.06% | 27.54% |
| 2005 | 33.10% | 30.74% | 29.91% |
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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