El Paso County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in El Paso County TX was $849 in 2019 according to the Census ACS survey.1 Average gross rent in El Paso County was $855 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 El Paso County median and average rent data will be released in September of 2021.
Data is also available below for El Paso County rental vacancy rates, El Paso County rent as a percent of median income and the fraction of renters in El Paso County.
Real Gross Rent in El Paso 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% |
| El Paso County TX Median Gross Rent | $849 | +4.17% | +5.20% |
El Paso County TX Real Gross Rent Trends
Median gross rent for El Paso County peaked in real terms in 2017 at $853 and is now $4 (0.47%) lower. At $855, real average gross rent in El Paso County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: El Paso County TX Median, El Paso County TX Average, Texas Median, US Median
Real Gross Rent History for El Paso County
| Date | US Median |
Texas Median |
El Paso County TX Median |
El Paso County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $849 | $855 |
| 2018 | $1,077 | $1,065 | $815 | $816 |
| 2017 | $1,043 | $1,018 | $853 | $854 |
| 2016 | $1,027 | $1,001 | $807 | $797 |
| 2015 | $1,017 | $989 | $804 | $769 |
| 2014 | $986 | $946 | $780 | $760 |
| 2013 | $953 | $902 | $790 | $781 |
| 2012 | $940 | $884 | $772 | $758 |
| 2011 | $941 | $878 | $766 | $770 |
| 2010 | $955 | $895 | $744 | $743 |
| 2009 | $960 | $898 | $711 | $704 |
| 2007 | $927 | $862 | $660 | $650 |
| 2005 | $910 | $839 | $633 | $609 |
El Paso 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 El Paso County Texas was 12.05% according to Census ACS data.
Rental Vacancy Rate in El Paso County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| El Paso County TX | 12.05% | +2.57% | +1.99% |
Trends in El Paso County TX Rental Vacancy Rate
At 12.05%, El Paso County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: El Paso County TX, Texas, US
Historical Rental Vacancy Rate data for El Paso County
| Date | US | Texas | El Paso County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 12.05% |
| 2018 | 6.15% | 8.21% | 9.48% |
| 2017 | 6.18% | 8.49% | 10.85% |
| 2016 | 5.89% | 7.65% | 10.06% |
| 2015 | 5.85% | 6.95% | 9.70% |
| 2014 | 6.32% | 7.30% | 10.86% |
| 2013 | 6.49% | 7.86% | 8.46% |
| 2012 | 6.77% | 8.53% | 7.02% |
| 2011 | 7.40% | 9.23% | 4.61% |
| 2010 | 8.17% | 10.60% | 8.15% |
| 2009 | 8.43% | 10.69% | 6.23% |
| 2007 | 7.87% | 10.61% | 10.48% |
| 2005 | 7.74% | 10.60% | 7.25% |
Rent as a Fraction of Income
Using median household income data for El Paso County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For El Paso County, median monthly gross rent as a fraction of median household income was 20.83% in 2019 according to the ACS.
El Paso 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% |
| El Paso County TX | 20.83% | -1.03% | -1.11% |
Trends in El Paso County TX Rent as a Fraction of Income
The fraction of median El Paso County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 22.53%. Since then it has fallen by 1.70% to 20.83%.
Fraction of Income towards Rent: El Paso County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in El Paso County Texas
| Date | US | Texas | El Paso County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.83% |
| 2018 | 20.50% | 20.70% | 21.87% |
| 2017 | 20.13% | 20.00% | 22.31% |
| 2016 | 20.43% | 20.28% | 21.94% |
| 2015 | 20.63% | 20.10% | 20.82% |
| 2014 | 20.89% | 20.27% | 22.08% |
| 2013 | 20.78% | 19.89% | 22.53% |
| 2012 | 20.65% | 19.65% | 21.59% |
| 2011 | 20.70% | 19.75% | 21.50% |
| 2010 | 20.50% | 19.77% | 22.19% |
| 2009 | 20.12% | 19.59% | 20.72% |
| 2007 | 18.66% | 18.52% | 19.28% |
| 2005 | 18.89% | 19.11% | 19.61% |
Renter Fraction in El Paso County Texas
You can calculate the renter fraction in El Paso 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 El Paso County as a fraction of total El Paso County households. In 2019 39.54% of households were renters according to Census ACS data.
El Paso 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% |
| El Paso County TX | 39.54% | +0.58% | -0.44% |
Trends in the El Paso County TX Renter Fraction
The El Paso County household renter fraction peaked in in 2016 at 39.98% and is now 0.44% below that level. The origin year for the series is 2005.
Fraction of Renting Households: El Paso County TX, Texas, US
History of El Paso County Renter Fraction
| Date | US | Texas | El Paso County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 39.54% |
| 2018 | 36.05% | 38.28% | 38.96% |
| 2017 | 36.13% | 38.03% | 38.73% |
| 2016 | 36.88% | 38.91% | 39.98% |
| 2015 | 36.97% | 38.94% | 38.44% |
| 2014 | 36.90% | 38.84% | 38.55% |
| 2013 | 36.50% | 38.16% | 39.15% |
| 2012 | 36.09% | 37.72% | 39.05% |
| 2011 | 35.42% | 37.08% | 39.44% |
| 2010 | 34.65% | 36.42% | 37.04% |
| 2009 | 34.13% | 36.32% | 38.63% |
| 2007 | 32.80% | 34.82% | 35.17% |
| 2005 | 33.10% | 35.29% | 34.81% |
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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