Corpus Christi Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Corpus Christi, TX (the Corpus Christi metro area) was $1,045 in 2019 according to the Census ACS survey.1 Average gross rent in Corpus Christi was $1,051 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 Corpus Christi median and average rent data will be released in September of 2021.
Data is also available below for Corpus Christi rental vacancy rates, Corpus Christi rent as a percent of median income and the fraction of renters in Corpus Christi.
Real Gross Rent in Corpus Christi 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% |
| Corpus Christi, TX Median Gross Rent | $1,045 | +2.05% | +6.31% |
Corpus Christi, TX Real Gross Rent Trends
At $1,045, real median gross rent in Corpus Christi was at its highest level in 2019 since the series began in 2005. At $1,051, real average gross rent in Corpus Christi was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Corpus Christi: Corpus Christi TX Median, Corpus Christi TX Average, Texas Median, US Median
Real Gross Rent History for Corpus Christi
| Date | US Median |
Texas Median |
Corpus Christi, TX Median |
Corpus Christi, TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,045 | $1,051 |
| 2018 | $1,077 | $1,065 | $1,024 | $1,016 |
| 2017 | $1,043 | $1,018 | $981 | $1,024 |
| 2016 | $1,027 | $1,001 | $983 | $990 |
| 2015 | $1,017 | $989 | $980 | $961 |
| 2014 | $986 | $946 | $941 | $912 |
| 2013 | $953 | $902 | $887 | $902 |
| 2012 | $940 | $884 | $885 | $897 |
| 2011 | $941 | $878 | $865 | $859 |
| 2010 | $955 | $895 | $887 | $856 |
| 2009 | $960 | $898 | $865 | $830 |
| 2007 | $927 | $862 | $861 | $840 |
| 2005 | $910 | $839 | $818 | $824 |
Corpus Christi 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 Corpus Christi Texas was 8.72% according to Census ACS data.
Rental Vacancy Rate in Corpus Christi Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Corpus Christi, TX | 8.72% | +3.18% | +0.94% |
Trends in Corpus Christi, TX Rental Vacancy Rate
The rental vacancy rate in Corpus Christi peaked in 2005 at 13.93%. Since then it has fallen by 5.21% to 8.72%. Data records for this series originated in 2005. From a 2018 post peak low of 5.54%, the rental vacancy rate has increased by 3.18%.
Rental Vacancy Rate: Corpus Christi TX, Texas, US
Historical Rental Vacancy Rate data for Corpus Christi
| Date | US | Texas | Corpus Christi, TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 8.72% |
| 2018 | 6.15% | 8.21% | 5.54% |
| 2017 | 6.18% | 8.49% | 9.51% |
| 2016 | 5.89% | 7.65% | 7.78% |
| 2015 | 5.85% | 6.95% | 5.82% |
| 2014 | 6.32% | 7.30% | 6.05% |
| 2013 | 6.49% | 7.86% | 6.61% |
| 2012 | 6.77% | 8.53% | 7.11% |
| 2011 | 7.40% | 9.23% | 7.41% |
| 2010 | 8.17% | 10.60% | 9.15% |
| 2009 | 8.43% | 10.69% | 10.00% |
| 2007 | 7.87% | 10.61% | 8.98% |
| 2005 | 7.74% | 10.60% | 13.93% |
Rent as a Fraction of Income
Using median household income data for Corpus Christi, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Corpus Christi, median monthly gross rent as a fraction of median household income was 22.00% in 2019 according to the ACS.
Corpus Christi 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% |
| Corpus Christi, TX | 22.00% | -0.24% | +1.05% |
Trends in Corpus Christi, TX Rent as a Fraction of Income
The fraction of median Corpus Christi household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 23.03%. Since then it has fallen by 1.02% to 22.00%. From a 2012 low of 20.36%, the fraction of income going to rent has increased by 1.65%.
Fraction of Income towards Rent: Corpus Christi TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Corpus Christi Texas
| Date | US | Texas | Corpus Christi, TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 22.00% |
| 2018 | 20.50% | 20.70% | 22.25% |
| 2017 | 20.13% | 20.00% | 21.87% |
| 2016 | 20.43% | 20.28% | 20.95% |
| 2015 | 20.63% | 20.10% | 22.06% |
| 2014 | 20.89% | 20.27% | 20.54% |
| 2013 | 20.78% | 19.89% | 20.75% |
| 2012 | 20.65% | 19.65% | 20.36% |
| 2011 | 20.70% | 19.75% | 21.68% |
| 2010 | 20.50% | 19.77% | 22.69% |
| 2009 | 20.12% | 19.59% | 21.54% |
| 2007 | 18.66% | 18.52% | 21.68% |
| 2005 | 18.89% | 19.11% | 20.57% |
Renter Fraction in Corpus Christi Texas
You can calculate the renter fraction in Corpus Christi 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 Corpus Christi as a fraction of total Corpus Christi households. In 2019 38.81% of households were renters according to Census ACS data.
Corpus Christi 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% |
| Corpus Christi, TX | 38.81% | +0.53% | -0.88% |
Trends in the Corpus Christi, TX Renter Fraction
The Corpus Christi household renter fraction peaked in in 2015 at 42.65% and is now 3.84% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Corpus Christi TX, Texas, US
History of Corpus Christi Renter Fraction
| Date | US | Texas | Corpus Christi, TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 38.81% |
| 2018 | 36.05% | 38.28% | 38.28% |
| 2017 | 36.13% | 38.03% | 39.96% |
| 2016 | 36.88% | 38.91% | 39.69% |
| 2015 | 36.97% | 38.94% | 42.65% |
| 2014 | 36.90% | 38.84% | 39.68% |
| 2013 | 36.50% | 38.16% | 40.23% |
| 2012 | 36.09% | 37.72% | 39.09% |
| 2011 | 35.42% | 37.08% | 41.07% |
| 2010 | 34.65% | 36.42% | 39.21% |
| 2009 | 34.13% | 36.32% | 36.95% |
| 2007 | 32.80% | 34.82% | 36.89% |
| 2005 | 33.10% | 35.29% | 35.35% |
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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