Williamson County Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Williamson County TN was $1,603 in 2019 according to the Census ACS survey.1 Average gross rent in Williamson County was $1,542 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 Williamson County median and average rent data will be released in September of 2021.
Data is also available below for Williamson County rental vacancy rates, Williamson County rent as a percent of median income and the fraction of renters in Williamson County.
Real Gross Rent in Williamson 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% |
| Williamson County TN Median Gross Rent | $1,603 | +4.84% | +12.02% |
Williamson County TN Real Gross Rent Trends
At $1,603, real median gross rent in Williamson County was at its highest level in 2019 since the series began in 2005. Average gross rent for Williamson County peaked in real terms in 2018 at $1,575 and is now $33 (2.10%) lower.
Real Gross Rent: Williamson County TN Median, Williamson County TN Average, Tennessee Median, US Median
Real Gross Rent History for Williamson County
| Date | US Median |
Tennessee Median |
Williamson County TN Median |
Williamson County TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $1,603 | $1,542 |
| 2018 | $1,077 | $877 | $1,529 | $1,575 |
| 2017 | $1,043 | $859 | $1,483 | $1,432 |
| 2016 | $1,027 | $844 | $1,431 | $1,460 |
| 2015 | $1,017 | $833 | $1,433 | $1,414 |
| 2014 | $986 | $813 | $1,360 | $1,281 |
| 2013 | $953 | $788 | $1,191 | $1,231 |
| 2012 | $940 | $777 | $1,161 | $1,208 |
| 2011 | $941 | $772 | $1,104 | $1,201 |
| 2010 | $955 | $779 | $1,084 | $1,100 |
| 2009 | $960 | $777 | $1,175 | $1,161 |
| 2007 | $927 | $745 | $1,201 | $1,180 |
| 2005 | $910 | $729 | $1,076 | $1,084 |
Williamson 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 Williamson County Tennessee was 5.36% according to Census ACS data.
Rental Vacancy Rate in Williamson County Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Williamson County TN | — | — | — |
Trends in Williamson County TN Rental Vacancy Rate
The rental vacancy rate in Williamson County peaked in 2008 at 7.98%. Since then it has fallen by 2.62% to 5.36%. Data records for this series originated in 2005. From a 2016 post peak low of 4.73%, the rental vacancy rate has increased by 0.63%.
Rental Vacancy Rate: Williamson County TN, Tennessee, US
Historical Rental Vacancy Rate data for Williamson County
| Date | US | Tennessee | Williamson County TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | — |
| 2018 | 6.15% | 7.56% | 5.36% |
| 2017 | 6.18% | 6.67% | — |
| 2016 | 5.89% | 6.68% | 4.73% |
| 2015 | 5.85% | 7.13% | — |
| 2014 | 6.32% | 7.24% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 7.89% | — |
| 2011 | 7.40% | 8.54% | — |
| 2010 | 8.17% | 10.33% | — |
| 2009 | 8.43% | 10.52% | 5.69% |
| 2007 | 7.87% | 9.20% | — |
| 2005 | 7.74% | 8.82% | — |
Rent as a Fraction of Income
Using median household income data for Williamson County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Williamson County, median monthly gross rent as a fraction of median household income was 16.65% in 2019 according to the ACS.
Williamson 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% |
| Williamson County TN | 16.65% | +0.37% | +1.19% |
Trends in Williamson County TN Rent as a Fraction of Income
Williamson County renters paid 16.65% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Williamson County TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Williamson County Tennessee
| Date | US | Tennessee | Williamson County TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 16.65% |
| 2018 | 20.50% | 19.73% | 16.28% |
| 2017 | 20.13% | 19.47% | 16.34% |
| 2016 | 20.43% | 19.92% | 15.47% |
| 2015 | 20.63% | 19.93% | 15.76% |
| 2014 | 20.89% | 20.83% | 16.56% |
| 2013 | 20.78% | 20.26% | 15.29% |
| 2012 | 20.65% | 20.48% | 14.43% |
| 2011 | 20.70% | 20.58% | 14.10% |
| 2010 | 20.50% | 20.17% | 14.45% |
| 2009 | 20.12% | 19.61% | 14.49% |
| 2007 | 18.66% | 17.96% | 14.96% |
| 2005 | 18.89% | 18.00% | 13.18% |
Renter Fraction in Williamson County Tennessee
You can calculate the renter fraction in Williamson 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 Williamson County as a fraction of total Williamson County households. In 2019 17.48% of households were renters according to Census ACS data.
Williamson 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% |
| Williamson County TN | 17.48% | -1.31% | -3.94% |
Trends in the Williamson County TN Renter Fraction
The Williamson County household renter fraction peaked in in 2016 at 21.42% and is now 3.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Williamson County TN, Tennessee, US
History of Williamson County Renter Fraction
| Date | US | Tennessee | Williamson County TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 17.48% |
| 2018 | 36.05% | 33.77% | 18.79% |
| 2017 | 36.13% | 34.57% | 18.91% |
| 2016 | 36.88% | 34.91% | 21.42% |
| 2015 | 36.97% | 34.18% | 19.54% |
| 2014 | 36.90% | 33.86% | 18.51% |
| 2013 | 36.50% | 33.62% | 18.95% |
| 2012 | 36.09% | 33.31% | 20.86% |
| 2011 | 35.42% | 32.72% | 18.88% |
| 2010 | 34.65% | 31.87% | 20.82% |
| 2009 | 34.13% | 30.85% | 15.97% |
| 2007 | 32.80% | 30.06% | 17.41% |
| 2005 | 33.10% | 30.74% | 20.73% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Tennessee
- / Williamson County
