Bastrop County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Bastrop County TX was $1,230 in 2019 according to the Census ACS survey.1 Average gross rent in Bastrop County was $915 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 Bastrop County median and average rent data will be released in September of 2021.
Data is also available below for Bastrop County rental vacancy rates, Bastrop County rent as a percent of median income and the fraction of renters in Bastrop County.
Real Gross Rent in Bastrop County Texas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Texas Median Gross Rent | $1,091 | +2.44% | +8.99% |
| Bastrop County TX Median Gross Rent | $1,230 | +12.53% | +34.43% |
Bastrop County TX Real Gross Rent Trends
At $1,230, real median gross rent in Bastrop County was at its highest level in 2019 since the series began in 2005. Average gross rent for Bastrop County peaked in real terms in 2015 at $1,063 and is now $148 (13.92%) lower.
Real Gross Rent: Bastrop County TX Median, Bastrop County TX Average, Texas Median, US Median
Real Gross Rent History for Bastrop County
| Date | US Median |
Texas Median |
Bastrop County TX Median |
Bastrop County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,230 | $915 |
| 2018 | $1,077 | $1,065 | $1,093 | $1,001 |
| 2017 | $1,043 | $1,018 | $926 | $844 |
| 2016 | $1,027 | $1,001 | $915 | $897 |
| 2015 | $1,017 | $989 | $1,137 | $1,063 |
| 2014 | $986 | $946 | $933 | $827 |
| 2013 | $953 | $902 | $950 | $778 |
| 2012 | $940 | $884 | $926 | $774 |
| 2011 | $941 | $878 | $1,008 | $764 |
| 2010 | $955 | $895 | $829 | $691 |
| 2009 | $960 | $898 | $970 | $865 |
| 2007 | $927 | $862 | $967 | $740 |
| 2005 | $910 | $839 | $901 | $709 |
Bastrop 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 Bastrop County Texas was 0.00% according to Census ACS data.
Rental Vacancy Rate in Bastrop County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Bastrop County TX | — | — | — |
Trends in Bastrop County TX Rental Vacancy Rate
The rental vacancy rate in Bastrop County peaked in 2012 at 29.08%. Since then it has fallen by 29.08% to 0.00%. Data records for this series originated in 2005.
Rental Vacancy Rate: Bastrop County TX, Texas, US
Historical Rental Vacancy Rate data for Bastrop County
| Date | US | Texas | Bastrop County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | 0.00% |
| 2017 | 6.18% | 8.49% | — |
| 2016 | 5.89% | 7.65% | — |
| 2015 | 5.85% | 6.95% | — |
| 2014 | 6.32% | 7.30% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | 29.08% |
| 2011 | 7.40% | 9.23% | — |
| 2010 | 8.17% | 10.60% | 8.58% |
| 2009 | 8.43% | 10.69% | — |
| 2007 | 7.87% | 10.61% | 12.32% |
| 2005 | 7.74% | 10.60% | — |
Rent as a Fraction of Income
Using median household income data for Bastrop County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bastrop County, median monthly gross rent as a fraction of median household income was 25.48% in 2019 according to the ACS.
Bastrop County Texas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Texas | 20.45% | -0.26% | +0.16% |
| Bastrop County TX | 25.48% | +6.82% | +6.92% |
Trends in Bastrop County TX Rent as a Fraction of Income
Bastrop County renters paid 25.48% 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: Bastrop County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Bastrop County Texas
| Date | US | Texas | Bastrop County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 25.48% |
| 2018 | 20.50% | 20.70% | 18.66% |
| 2017 | 20.13% | 20.00% | 14.94% |
| 2016 | 20.43% | 20.28% | 18.56% |
| 2015 | 20.63% | 20.10% | 20.38% |
| 2014 | 20.89% | 20.27% | 19.78% |
| 2013 | 20.78% | 19.89% | 22.25% |
| 2012 | 20.65% | 19.65% | 21.15% |
| 2011 | 20.70% | 19.75% | 20.14% |
| 2010 | 20.50% | 19.77% | 17.85% |
| 2009 | 20.12% | 19.59% | 21.19% |
| 2007 | 18.66% | 18.52% | 19.06% |
| 2005 | 18.89% | 19.11% | 18.77% |
Renter Fraction in Bastrop County Texas
You can calculate the renter fraction in Bastrop 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 Bastrop County as a fraction of total Bastrop County households. In 2019 24.58% of households were renters according to Census ACS data.
Bastrop County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Texas | 38.12% | -0.16% | -0.79% |
| Bastrop County TX | 24.58% | +6.26% | +6.48% |
Trends in the Bastrop County TX Renter Fraction
The Bastrop County household renter fraction peaked in in 2013 at 27.22% and is now 2.64% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bastrop County TX, Texas, US
History of Bastrop County Renter Fraction
| Date | US | Texas | Bastrop County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 24.58% |
| 2018 | 36.05% | 38.28% | 18.32% |
| 2017 | 36.13% | 38.03% | 26.43% |
| 2016 | 36.88% | 38.91% | 18.10% |
| 2015 | 36.97% | 38.94% | 27.10% |
| 2014 | 36.90% | 38.84% | 18.43% |
| 2013 | 36.50% | 38.16% | 27.22% |
| 2012 | 36.09% | 37.72% | 17.53% |
| 2011 | 35.42% | 37.08% | 19.83% |
| 2010 | 34.65% | 36.42% | 22.85% |
| 2009 | 34.13% | 36.32% | 23.63% |
| 2007 | 32.80% | 34.82% | 16.87% |
| 2005 | 33.10% | 35.29% | 15.26% |
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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