Denton County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Denton County TX was $1,293 in 2019 according to the Census ACS survey.1 Average gross rent in Denton County was $1,377 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 Denton County median and average rent data will be released in September of 2021.
Data is also available below for Denton County rental vacancy rates, Denton County rent as a percent of median income and the fraction of renters in Denton County.
Real Gross Rent in Denton 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% |
| Denton County TX Median Gross Rent | $1,293 | +3.44% | +8.11% |
Denton County TX Real Gross Rent Trends
At $1,293, real median gross rent in Denton County was at its highest level in 2019 since the series began in 2005. At $1,377, real average gross rent in Denton County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Denton County TX Median, Denton County TX Average, Texas Median, US Median
Real Gross Rent History for Denton County
| Date | US Median |
Texas Median |
Denton County TX Median |
Denton County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,293 | $1,377 |
| 2018 | $1,077 | $1,065 | $1,250 | $1,310 |
| 2017 | $1,043 | $1,018 | $1,199 | $1,262 |
| 2016 | $1,027 | $1,001 | $1,196 | $1,227 |
| 2015 | $1,017 | $989 | $1,154 | $1,224 |
| 2014 | $986 | $946 | $1,082 | $1,163 |
| 2013 | $953 | $902 | $1,020 | $1,097 |
| 2012 | $940 | $884 | $988 | $1,071 |
| 2011 | $941 | $878 | $949 | $1,042 |
| 2010 | $955 | $895 | $969 | $1,038 |
| 2009 | $960 | $898 | $1,012 | $1,080 |
| 2007 | $927 | $862 | $1,013 | $1,086 |
| 2005 | $910 | $839 | $963 | $1,024 |
Denton 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 Denton County Texas was 6.72% according to Census ACS data.
Rental Vacancy Rate in Denton County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Denton County TX | 6.72% | -0.10% | +0.89% |
Trends in Denton County TX Rental Vacancy Rate
The rental vacancy rate in Denton County peaked in 2010 at 9.39%. Since then it has fallen by 2.67% to 6.72%. Data records for this series originated in 2005. From a 2015 post peak low of 3.88%, the rental vacancy rate has increased by 2.84%.
Rental Vacancy Rate: Denton County TX, Texas, US
Historical Rental Vacancy Rate data for Denton County
| Date | US | Texas | Denton County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 6.72% |
| 2018 | 6.15% | 8.21% | 6.82% |
| 2017 | 6.18% | 8.49% | 4.92% |
| 2016 | 5.89% | 7.65% | 5.83% |
| 2015 | 5.85% | 6.95% | 3.88% |
| 2014 | 6.32% | 7.30% | 4.81% |
| 2013 | 6.49% | 7.86% | 5.18% |
| 2012 | 6.77% | 8.53% | 4.59% |
| 2011 | 7.40% | 9.23% | 7.85% |
| 2010 | 8.17% | 10.60% | 9.39% |
| 2009 | 8.43% | 10.69% | 8.11% |
| 2007 | 7.87% | 10.61% | 8.79% |
| 2005 | 7.74% | 10.60% | 9.24% |
Rent as a Fraction of Income
Using median household income data for Denton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Denton County, median monthly gross rent as a fraction of median household income was 17.14% in 2019 according to the ACS.
Denton 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% |
| Denton County TX | 17.14% | +0.42% | +0.14% |
Trends in Denton County TX Rent as a Fraction of Income
The fraction of median Denton County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 17.26%. Since then it has fallen by 0.12% to 17.14%.
Fraction of Income towards Rent: Denton County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Denton County Texas
| Date | US | Texas | Denton County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 17.14% |
| 2018 | 20.50% | 20.70% | 16.72% |
| 2017 | 20.13% | 20.00% | 16.17% |
| 2016 | 20.43% | 20.28% | 17.00% |
| 2015 | 20.63% | 20.10% | 17.26% |
| 2014 | 20.89% | 20.27% | 16.58% |
| 2013 | 20.78% | 19.89% | 15.51% |
| 2012 | 20.65% | 19.65% | 15.69% |
| 2011 | 20.70% | 19.75% | 15.15% |
| 2010 | 20.50% | 19.77% | 15.32% |
| 2009 | 20.12% | 19.59% | 15.11% |
| 2007 | 18.66% | 18.52% | 14.55% |
| 2005 | 18.89% | 19.11% | 15.02% |
Renter Fraction in Denton County Texas
You can calculate the renter fraction in Denton 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 Denton County as a fraction of total Denton County households. In 2019 33.93% of households were renters according to Census ACS data.
Denton 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% |
| Denton County TX | 33.93% | -0.55% | -2.47% |
Trends in the Denton County TX Renter Fraction
The Denton County household renter fraction peaked in in 2012 at 37.03% and is now 3.10% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Denton County TX, Texas, US
History of Denton County Renter Fraction
| Date | US | Texas | Denton County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 33.93% |
| 2018 | 36.05% | 38.28% | 34.48% |
| 2017 | 36.13% | 38.03% | 34.90% |
| 2016 | 36.88% | 38.91% | 36.40% |
| 2015 | 36.97% | 38.94% | 35.67% |
| 2014 | 36.90% | 38.84% | 36.71% |
| 2013 | 36.50% | 38.16% | 35.87% |
| 2012 | 36.09% | 37.72% | 37.03% |
| 2011 | 35.42% | 37.08% | 36.13% |
| 2010 | 34.65% | 36.42% | 34.06% |
| 2009 | 34.13% | 36.32% | 32.79% |
| 2007 | 32.80% | 34.82% | 32.24% |
| 2005 | 33.10% | 35.29% | 34.28% |
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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