Sevier County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Sevier County TN was $849 in 2019 according to the Census ACS survey.1 Average gross rent in Sevier County was $794 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 Sevier County median and average rent data will be released in September of 2021.
Data is also available below for Sevier County rental vacancy rates, Sevier County rent as a percent of median income and the fraction of renters in Sevier County.
Real Gross Rent in Sevier 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% |
| Sevier County TN Median Gross Rent | $849 | +3.66% | +13.65% |
Sevier County TN Real Gross Rent Trends
At $849, real median gross rent in Sevier County was at its highest level in 2019 since the series began in 2005. Average gross rent for Sevier County peaked in real terms in 2018 at $799 and is now $5 (0.63%) lower.
Real Gross Rent: Sevier County TN Median, Sevier County TN Average, Tennessee Median, US Median
Real Gross Rent History for Sevier County
| Date | US Median |
Tennessee Median |
Sevier County TN Median |
Sevier County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $849 | $794 |
| 2018 | $1,077 | $877 | $819 | $799 |
| 2017 | $1,043 | $859 | $766 | $757 |
| 2016 | $1,027 | $844 | $747 | $695 |
| 2015 | $1,017 | $833 | $740 | $755 |
| 2014 | $986 | $813 | $770 | $709 |
| 2013 | $953 | $788 | $709 | $723 |
| 2012 | $940 | $777 | $770 | $688 |
| 2011 | $941 | $772 | $751 | $702 |
| 2010 | $955 | $779 | $720 | $727 |
| 2009 | $960 | $777 | $739 | $625 |
| 2007 | $927 | $745 | $726 | $665 |
| 2005 | $910 | $729 | $700 | $663 |
Sevier 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 Sevier County Tennessee was 14.19% according to Census ACS data.
Rental Vacancy Rate in Sevier County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Sevier County TN | 14.19% | -15.41% | -12.30% |
Trends in Sevier County TN Rental Vacancy Rate
The rental vacancy rate in Sevier County peaked in 2010 at 32.02%. Since then it has fallen by 17.83% to 14.19%. Data records for this series originated in 2005.
Rental Vacancy Rate: Sevier County TN, Tennessee, US
Historical Rental Vacancy Rate data for Sevier County
| Date | US | Tennessee | Sevier County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | 14.19% |
| 2018 | 6.15% | 7.56% | 29.60% |
| 2017 | 6.18% | 6.67% | 25.58% |
| 2016 | 5.89% | 6.68% | 26.49% |
| 2015 | 5.85% | 7.13% | 12.30% |
| 2014 | 6.32% | 7.24% | 14.29% |
| 2013 | 6.49% | 7.86% | 20.28% |
| 2012 | 6.77% | 7.89% | 23.00% |
| 2011 | 7.40% | 8.54% | 25.14% |
| 2010 | 8.17% | 10.33% | 32.02% |
| 2009 | 8.43% | 10.52% | 26.18% |
| 2007 | 7.87% | 9.20% | 17.61% |
| 2005 | 7.74% | 8.82% | — |
Rent as a Fraction of Income
Using median household income data for Sevier County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sevier County, median monthly gross rent as a fraction of median household income was 17.64% in 2019 according to the ACS.
Sevier 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% |
| Sevier County TN | 17.64% | -2.71% | -1.12% |
Trends in Sevier County TN Rent as a Fraction of Income
The fraction of median Sevier County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.33%. Since then it has fallen by 4.69% to 17.64%.
Fraction of Income towards Rent: Sevier County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Sevier County Tennessee
| Date | US | Tennessee | Sevier County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 17.64% |
| 2018 | 20.50% | 19.73% | 20.35% |
| 2017 | 20.13% | 19.47% | 17.85% |
| 2016 | 20.43% | 19.92% | 18.76% |
| 2015 | 20.63% | 19.93% | 19.89% |
| 2014 | 20.89% | 20.83% | 22.33% |
| 2013 | 20.78% | 20.26% | 19.84% |
| 2012 | 20.65% | 20.48% | 20.07% |
| 2011 | 20.70% | 20.58% | 19.83% |
| 2010 | 20.50% | 20.17% | 19.13% |
| 2009 | 20.12% | 19.61% | 18.47% |
| 2007 | 18.66% | 17.96% | 18.75% |
| 2005 | 18.89% | 18.00% | 17.87% |
Renter Fraction in Sevier County Tennessee
You can calculate the renter fraction in Sevier 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 Sevier County as a fraction of total Sevier County households. In 2019 28.42% of households were renters according to Census ACS data.
Sevier 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% |
| Sevier County TN | 28.42% | -2.69% | -1.88% |
Trends in the Sevier County TN Renter Fraction
The Sevier County household renter fraction peaked in in 2015 at 35.73% and is now 7.31% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Sevier County TN, Tennessee, US
History of Sevier County Renter Fraction
| Date | US | Tennessee | Sevier County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 28.42% |
| 2018 | 36.05% | 33.77% | 31.11% |
| 2017 | 36.13% | 34.57% | 30.82% |
| 2016 | 36.88% | 34.91% | 30.30% |
| 2015 | 36.97% | 34.18% | 35.73% |
| 2014 | 36.90% | 33.86% | 34.79% |
| 2013 | 36.50% | 33.62% | 33.67% |
| 2012 | 36.09% | 33.31% | 31.50% |
| 2011 | 35.42% | 32.72% | 34.51% |
| 2010 | 34.65% | 31.87% | 31.91% |
| 2009 | 34.13% | 30.85% | 30.48% |
| 2007 | 32.80% | 30.06% | 26.20% |
| 2005 | 33.10% | 30.74% | 33.56% |
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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