Rutherford County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Rutherford County TN was $1,147 in 2019 according to the Census ACS survey.1 Average gross rent in Rutherford County was $1,151 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 Rutherford County median and average rent data will be released in September of 2021.
Data is also available below for Rutherford County rental vacancy rates, Rutherford County rent as a percent of median income and the fraction of renters in Rutherford County.
Real Gross Rent in Rutherford 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% |
| Rutherford County TN Median Gross Rent | $1,147 | +5.91% | +6.70% |
Rutherford County TN Real Gross Rent Trends
At $1,147, real median gross rent in Rutherford County was at its highest level in 2019 since the series began in 2005. At $1,151, real average gross rent in Rutherford County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Rutherford County TN Median, Rutherford County TN Average, Tennessee Median, US Median
Real Gross Rent History for Rutherford County
| Date | US Median |
Tennessee Median |
Rutherford County TN Median |
Rutherford County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $1,147 | $1,151 |
| 2018 | $1,077 | $877 | $1,083 | $1,074 |
| 2017 | $1,043 | $859 | $1,008 | $1,027 |
| 2016 | $1,027 | $844 | $1,075 | $1,048 |
| 2015 | $1,017 | $833 | $973 | $1,007 |
| 2014 | $986 | $813 | $968 | $970 |
| 2013 | $953 | $788 | $918 | $940 |
| 2012 | $940 | $777 | $900 | $896 |
| 2011 | $941 | $772 | $873 | $810 |
| 2010 | $955 | $779 | $915 | $903 |
| 2009 | $960 | $777 | $928 | $908 |
| 2007 | $927 | $745 | $881 | $861 |
| 2005 | $910 | $729 | $843 | $838 |
Rutherford County 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 Rutherford County Tennessee was 9.97% according to Census ACS data.
Rental Vacancy Rate in Rutherford County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Rutherford County TN | 9.97% | +6.83% | +4.98% |
Trends in Rutherford County TN Rental Vacancy Rate
The rental vacancy rate in Rutherford County peaked in 2010 at 10.55%. Since then it has fallen by 0.58% to 9.97%. Data records for this series originated in 2005. From a 2018 post peak low of 3.14%, the rental vacancy rate has increased by 6.83%.
Rental Vacancy Rate: Rutherford County TN, Tennessee, US
Historical Rental Vacancy Rate data for Rutherford County
| Date | US | Tennessee | Rutherford County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | 9.97% |
| 2018 | 6.15% | 7.56% | 3.14% |
| 2017 | 6.18% | 6.67% | 3.25% |
| 2016 | 5.89% | 6.68% | 4.99% |
| 2015 | 5.85% | 7.13% | 4.98% |
| 2014 | 6.32% | 7.24% | 5.86% |
| 2013 | 6.49% | 7.86% | 5.71% |
| 2012 | 6.77% | 7.89% | — |
| 2011 | 7.40% | 8.54% | — |
| 2010 | 8.17% | 10.33% | 10.55% |
| 2009 | 8.43% | 10.52% | 7.20% |
| 2007 | 7.87% | 9.20% | 9.38% |
| 2005 | 7.74% | 8.82% | 5.50% |
Rent as a Fraction of Income
Using median household income data for Rutherford County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Rutherford County, median monthly gross rent as a fraction of median household income was 19.83% in 2019 according to the ACS.
Rutherford 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% |
| Rutherford County TN | 19.83% | -0.20% | -0.32% |
Trends in Rutherford County TN Rent as a Fraction of Income
The fraction of median Rutherford County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 20.96%. Since then it has fallen by 1.13% to 19.83%.
Fraction of Income towards Rent: Rutherford County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Rutherford County Tennessee
| Date | US | Tennessee | Rutherford County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 19.83% |
| 2018 | 20.50% | 19.73% | 20.03% |
| 2017 | 20.13% | 19.47% | 17.13% |
| 2016 | 20.43% | 19.92% | 20.15% |
| 2015 | 20.63% | 19.93% | 18.33% |
| 2014 | 20.89% | 20.83% | 20.96% |
| 2013 | 20.78% | 20.26% | 18.30% |
| 2012 | 20.65% | 20.48% | 19.11% |
| 2011 | 20.70% | 20.58% | 18.56% |
| 2010 | 20.50% | 20.17% | 19.09% |
| 2009 | 20.12% | 19.61% | 18.14% |
| 2007 | 18.66% | 17.96% | 17.87% |
| 2005 | 18.89% | 18.00% | 17.07% |
Renter Fraction in Rutherford County Tennessee
You can calculate the renter fraction in Rutherford 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 Rutherford County as a fraction of total Rutherford County households. In 2019 36.28% of households were renters according to Census ACS data.
Rutherford 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% |
| Rutherford County TN | 36.28% | +0.41% | +2.26% |
Trends in the Rutherford County TN Renter Fraction
The Rutherford County household renter fraction peaked in in 2014 at 36.64% and is now 0.36% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Rutherford County TN, Tennessee, US
History of Rutherford County Renter Fraction
| Date | US | Tennessee | Rutherford County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 36.28% |
| 2018 | 36.05% | 33.77% | 35.87% |
| 2017 | 36.13% | 34.57% | 35.54% |
| 2016 | 36.88% | 34.91% | 34.02% |
| 2015 | 36.97% | 34.18% | 34.03% |
| 2014 | 36.90% | 33.86% | 36.64% |
| 2013 | 36.50% | 33.62% | 34.15% |
| 2012 | 36.09% | 33.31% | 33.24% |
| 2011 | 35.42% | 32.72% | 30.14% |
| 2010 | 34.65% | 31.87% | 31.12% |
| 2009 | 34.13% | 30.85% | 31.05% |
| 2007 | 32.80% | 30.06% | 30.42% |
| 2005 | 33.10% | 30.74% | 32.00% |
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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