Collin County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Collin County TX was $1,457 in 2019 according to the Census ACS survey.1 Average gross rent in Collin County was $1,504 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 Collin County median and average rent data will be released in September of 2021.
Data is also available below for Collin County rental vacancy rates, Collin County rent as a percent of median income and the fraction of renters in Collin County.
Real Gross Rent in Collin 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% |
| Collin County TX Median Gross Rent | $1,457 | +2.90% | +11.99% |
Collin County TX Real Gross Rent Trends
At $1,457, real median gross rent in Collin County was at its highest level in 2019 since the series began in 2005. At $1,504, real average gross rent in Collin County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Collin County TX Median, Collin County TX Average, Texas Median, US Median
Real Gross Rent History for Collin County
| Date | US Median |
Texas Median |
Collin County TX Median |
Collin County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,457 | $1,504 |
| 2018 | $1,077 | $1,065 | $1,416 | $1,446 |
| 2017 | $1,043 | $1,018 | $1,386 | $1,471 |
| 2016 | $1,027 | $1,001 | $1,301 | $1,347 |
| 2015 | $1,017 | $989 | $1,272 | $1,351 |
| 2014 | $986 | $946 | $1,186 | $1,257 |
| 2013 | $953 | $902 | $1,164 | $1,227 |
| 2012 | $940 | $884 | $1,119 | $1,206 |
| 2011 | $941 | $878 | $1,078 | $1,141 |
| 2010 | $955 | $895 | $1,076 | $1,157 |
| 2009 | $960 | $898 | $1,092 | $1,172 |
| 2007 | $927 | $862 | $1,057 | $1,135 |
| 2005 | $910 | $839 | $1,051 | $1,109 |
Collin 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 Collin County Texas was 7.91% according to Census ACS data.
Rental Vacancy Rate in Collin County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Collin County TX | 7.91% | -3.62% | +1.69% |
Trends in Collin County TX Rental Vacancy Rate
The rental vacancy rate in Collin County peaked in 2010 at 11.99%. Since then it has fallen by 4.08% to 7.91%. Data records for this series originated in 2005. From a 2013 post peak low of 4.51%, the rental vacancy rate has increased by 3.40%.
Rental Vacancy Rate: Collin County TX, Texas, US
Historical Rental Vacancy Rate data for Collin County
| Date | US | Texas | Collin County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 7.91% |
| 2018 | 6.15% | 8.21% | 11.53% |
| 2017 | 6.18% | 8.49% | 7.32% |
| 2016 | 5.89% | 7.65% | 6.22% |
| 2015 | 5.85% | 6.95% | 6.54% |
| 2014 | 6.32% | 7.30% | 5.80% |
| 2013 | 6.49% | 7.86% | 4.51% |
| 2012 | 6.77% | 8.53% | 8.29% |
| 2011 | 7.40% | 9.23% | 6.05% |
| 2010 | 8.17% | 10.60% | 11.99% |
| 2009 | 8.43% | 10.69% | 9.42% |
| 2007 | 7.87% | 10.61% | 8.64% |
| 2005 | 7.74% | 10.60% | 8.23% |
Rent as a Fraction of Income
Using median household income data for Collin County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Collin County, median monthly gross rent as a fraction of median household income was 18.19% in 2019 according to the ACS.
Collin 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% |
| Collin County TX | 18.19% | +0.81% | +1.56% |
Trends in Collin County TX Rent as a Fraction of Income
Collin County renters paid 18.19% 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: Collin County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Collin County Texas
| Date | US | Texas | Collin County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 18.19% |
| 2018 | 20.50% | 20.70% | 17.38% |
| 2017 | 20.13% | 20.00% | 16.99% |
| 2016 | 20.43% | 20.28% | 16.63% |
| 2015 | 20.63% | 20.10% | 16.69% |
| 2014 | 20.89% | 20.27% | 15.66% |
| 2013 | 20.78% | 19.89% | 16.52% |
| 2012 | 20.65% | 19.65% | 15.52% |
| 2011 | 20.70% | 19.75% | 14.56% |
| 2010 | 20.50% | 19.77% | 14.99% |
| 2009 | 20.12% | 19.59% | 14.82% |
| 2007 | 18.66% | 18.52% | 13.56% |
| 2005 | 18.89% | 19.11% | 14.26% |
Renter Fraction in Collin County Texas
You can calculate the renter fraction in Collin 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 Collin County as a fraction of total Collin County households. In 2019 37.36% of households were renters according to Census ACS data.
Collin 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% |
| Collin County TX | 37.36% | +2.32% | +3.87% |
Trends in the Collin County TX Renter Fraction
At 37.36%, the 2019 household based renter fraction in Collin County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Collin County TX, Texas, US
History of Collin County Renter Fraction
| Date | US | Texas | Collin County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 37.36% |
| 2018 | 36.05% | 38.28% | 35.04% |
| 2017 | 36.13% | 38.03% | 35.83% |
| 2016 | 36.88% | 38.91% | 33.49% |
| 2015 | 36.97% | 38.94% | 33.87% |
| 2014 | 36.90% | 38.84% | 33.53% |
| 2013 | 36.50% | 38.16% | 35.76% |
| 2012 | 36.09% | 37.72% | 33.03% |
| 2011 | 35.42% | 37.08% | 32.04% |
| 2010 | 34.65% | 36.42% | 30.29% |
| 2009 | 34.13% | 36.32% | 28.95% |
| 2007 | 32.80% | 34.82% | 27.51% |
| 2005 | 33.10% | 35.29% | 33.12% |
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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