Sumner County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Sumner County TN was $1,069 in 2019 according to the Census ACS survey.1 Average gross rent in Sumner County was $999 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 Sumner County median and average rent data will be released in September of 2021.
Data is also available below for Sumner County rental vacancy rates, Sumner County rent as a percent of median income and the fraction of renters in Sumner County.
Real Gross Rent in Sumner 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% |
| Sumner County TN Median Gross Rent | $1,069 | +5.22% | +13.97% |
Sumner County TN Real Gross Rent Trends
At $1,069, real median gross rent in Sumner County was at its highest level in 2019 since the series began in 2005. Average gross rent for Sumner County peaked in real terms in 2015 at $1,051 and is now $52 (4.95%) lower.
Real Gross Rent: Sumner County TN Median, Sumner County TN Average, Tennessee Median, US Median
Real Gross Rent History for Sumner County
| Date | US Median |
Tennessee Median |
Sumner County TN Median |
Sumner County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $1,069 | $999 |
| 2018 | $1,077 | $877 | $1,016 | $988 |
| 2017 | $1,043 | $859 | $1,013 | $1,030 |
| 2016 | $1,027 | $844 | $938 | $925 |
| 2015 | $1,017 | $833 | $1,024 | $1,051 |
| 2014 | $986 | $813 | $936 | $976 |
| 2013 | $953 | $788 | $896 | $840 |
| 2012 | $940 | $777 | $885 | $877 |
| 2011 | $941 | $772 | $861 | $876 |
| 2010 | $955 | $779 | $877 | $868 |
| 2009 | $960 | $777 | $858 | $848 |
| 2007 | $927 | $745 | $842 | $851 |
| 2005 | $910 | $729 | $821 | $834 |
Sumner 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 Sumner County Tennessee was 5.51% according to Census ACS data.
Rental Vacancy Rate in Sumner County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Sumner County TN | 5.51% | -6.87% | +1.94% |
Trends in Sumner County TN Rental Vacancy Rate
The rental vacancy rate in Sumner County peaked in 2018 at 12.38%. Since then it has fallen by 6.87% to 5.51%. Data records for this series originated in 2005.
Rental Vacancy Rate: Sumner County TN, Tennessee, US
Historical Rental Vacancy Rate data for Sumner County
| Date | US | Tennessee | Sumner County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | 5.51% |
| 2018 | 6.15% | 7.56% | 12.38% |
| 2017 | 6.18% | 6.67% | 4.60% |
| 2016 | 5.89% | 6.68% | 3.57% |
| 2015 | 5.85% | 7.13% | 5.45% |
| 2014 | 6.32% | 7.24% | — |
| 2013 | 6.49% | 7.86% | 5.66% |
| 2012 | 6.77% | 7.89% | 6.67% |
| 2011 | 7.40% | 8.54% | 8.28% |
| 2010 | 8.17% | 10.33% | — |
| 2009 | 8.43% | 10.52% | 8.07% |
| 2007 | 7.87% | 9.20% | — |
| 2005 | 7.74% | 8.82% | — |
Rent as a Fraction of Income
Using median household income data for Sumner County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sumner County, median monthly gross rent as a fraction of median household income was 18.66% in 2019 according to the ACS.
Sumner 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% |
| Sumner County TN | 18.66% | +0.50% | +0.89% |
Trends in Sumner County TN Rent as a Fraction of Income
The fraction of median Sumner County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.00%. Since then it has fallen by 1.33% to 18.66%.
Fraction of Income towards Rent: Sumner County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Sumner County Tennessee
| Date | US | Tennessee | Sumner County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 18.66% |
| 2018 | 20.50% | 19.73% | 18.16% |
| 2017 | 20.13% | 19.47% | 18.13% |
| 2016 | 20.43% | 19.92% | 17.77% |
| 2015 | 20.63% | 19.93% | 19.38% |
| 2014 | 20.89% | 20.83% | 18.25% |
| 2013 | 20.78% | 20.26% | 18.26% |
| 2012 | 20.65% | 20.48% | 18.12% |
| 2011 | 20.70% | 20.58% | 18.35% |
| 2010 | 20.50% | 20.17% | 20.00% |
| 2009 | 20.12% | 19.61% | 16.71% |
| 2007 | 18.66% | 17.96% | 16.97% |
| 2005 | 18.89% | 18.00% | 15.19% |
Renter Fraction in Sumner County Tennessee
You can calculate the renter fraction in Sumner 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 Sumner County as a fraction of total Sumner County households. In 2019 26.18% of households were renters according to Census ACS data.
Sumner 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% |
| Sumner County TN | 26.18% | +0.13% | -1.00% |
Trends in the Sumner County TN Renter Fraction
The Sumner County household renter fraction peaked in in 2011 at 31.36% and is now 5.18% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Sumner County TN, Tennessee, US
History of Sumner County Renter Fraction
| Date | US | Tennessee | Sumner County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 26.18% |
| 2018 | 36.05% | 33.77% | 26.05% |
| 2017 | 36.13% | 34.57% | 25.54% |
| 2016 | 36.88% | 34.91% | 27.18% |
| 2015 | 36.97% | 34.18% | 28.00% |
| 2014 | 36.90% | 33.86% | 27.40% |
| 2013 | 36.50% | 33.62% | 27.83% |
| 2012 | 36.09% | 33.31% | 27.17% |
| 2011 | 35.42% | 32.72% | 31.36% |
| 2010 | 34.65% | 31.87% | 28.38% |
| 2009 | 34.13% | 30.85% | 25.84% |
| 2007 | 32.80% | 30.06% | 24.69% |
| 2005 | 33.10% | 30.74% | 23.75% |
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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