Galveston County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Galveston County TX was $1,148 in 2019 according to the Census ACS survey.1 Average gross rent in Galveston County was $1,187 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 Galveston County median and average rent data will be released in September of 2021.
Data is also available below for Galveston County rental vacancy rates, Galveston County rent as a percent of median income and the fraction of renters in Galveston County.
Real Gross Rent in Galveston 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% |
| Galveston County TX Median Gross Rent | $1,148 | -0.09% | +14.80% |
Galveston County TX Real Gross Rent Trends
Median gross rent for Galveston County peaked in real terms in 2018 at $1,149 and is now $1 (0.09%) lower. At $1,187, real average gross rent in Galveston County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Galveston County TX Median, Galveston County TX Average, Texas Median, US Median
Real Gross Rent History for Galveston County
| Date | US Median |
Texas Median |
Galveston County TX Median |
Galveston County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,148 | $1,187 |
| 2018 | $1,077 | $1,065 | $1,149 | $1,145 |
| 2017 | $1,043 | $1,018 | $1,041 | $1,074 |
| 2016 | $1,027 | $1,001 | $1,000 | $1,022 |
| 2015 | $1,017 | $989 | $1,021 | $1,027 |
| 2014 | $986 | $946 | $961 | $995 |
| 2013 | $953 | $902 | $912 | $949 |
| 2012 | $940 | $884 | $944 | $973 |
| 2011 | $941 | $878 | $872 | $913 |
| 2010 | $955 | $895 | $972 | $980 |
| 2009 | $960 | $898 | $990 | $949 |
| 2007 | $927 | $862 | $902 | $902 |
| 2005 | $910 | $839 | $874 | $864 |
Galveston 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 Galveston County Texas was 8.55% according to Census ACS data.
Rental Vacancy Rate in Galveston County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Galveston County TX | 8.55% | -3.01% | +0.51% |
Trends in Galveston County TX Rental Vacancy Rate
The rental vacancy rate in Galveston County peaked in 2011 at 15.69%. Since then it has fallen by 7.14% to 8.55%. Data records for this series originated in 2005.
Rental Vacancy Rate: Galveston County TX, Texas, US
Historical Rental Vacancy Rate data for Galveston County
| Date | US | Texas | Galveston County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 8.55% |
| 2018 | 6.15% | 8.21% | 11.56% |
| 2017 | 6.18% | 8.49% | 10.44% |
| 2016 | 5.89% | 7.65% | 8.04% |
| 2015 | 5.85% | 6.95% | 7.66% |
| 2014 | 6.32% | 7.30% | 8.60% |
| 2013 | 6.49% | 7.86% | 12.31% |
| 2012 | 6.77% | 8.53% | 11.53% |
| 2011 | 7.40% | 9.23% | 15.69% |
| 2010 | 8.17% | 10.60% | 13.07% |
| 2009 | 8.43% | 10.69% | 7.55% |
| 2007 | 7.87% | 10.61% | 11.28% |
| 2005 | 7.74% | 10.60% | 12.91% |
Rent as a Fraction of Income
Using median household income data for Galveston County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Galveston County, median monthly gross rent as a fraction of median household income was 18.37% in 2019 according to the ACS.
Galveston 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% |
| Galveston County TX | 18.37% | +0.03% | +0.73% |
Trends in Galveston County TX Rent as a Fraction of Income
The fraction of median Galveston County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.83%. Since then it has fallen by 0.46% to 18.37%.
Fraction of Income towards Rent: Galveston County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Galveston County Texas
| Date | US | Texas | Galveston County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 18.37% |
| 2018 | 20.50% | 20.70% | 18.35% |
| 2017 | 20.13% | 20.00% | 17.19% |
| 2016 | 20.43% | 20.28% | 17.65% |
| 2015 | 20.63% | 20.10% | 16.68% |
| 2014 | 20.89% | 20.27% | 18.83% |
| 2013 | 20.78% | 19.89% | 17.07% |
| 2012 | 20.65% | 19.65% | 17.58% |
| 2011 | 20.70% | 19.75% | 16.41% |
| 2010 | 20.50% | 19.77% | 17.90% |
| 2009 | 20.12% | 19.59% | 18.44% |
| 2007 | 18.66% | 18.52% | 17.63% |
| 2005 | 18.89% | 19.11% | 18.75% |
Renter Fraction in Galveston County Texas
You can calculate the renter fraction in Galveston 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 Galveston County as a fraction of total Galveston County households. In 2019 32.29% of households were renters according to Census ACS data.
Galveston 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% |
| Galveston County TX | 32.29% | +0.26% | -3.77% |
Trends in the Galveston County TX Renter Fraction
The Galveston County household renter fraction peaked in in 2014 at 36.12% and is now 3.83% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Galveston County TX, Texas, US
History of Galveston County Renter Fraction
| Date | US | Texas | Galveston County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 32.29% |
| 2018 | 36.05% | 38.28% | 32.03% |
| 2017 | 36.13% | 38.03% | 32.33% |
| 2016 | 36.88% | 38.91% | 36.06% |
| 2015 | 36.97% | 38.94% | 32.26% |
| 2014 | 36.90% | 38.84% | 36.12% |
| 2013 | 36.50% | 38.16% | 33.20% |
| 2012 | 36.09% | 37.72% | 32.35% |
| 2011 | 35.42% | 37.08% | 32.00% |
| 2010 | 34.65% | 36.42% | 30.21% |
| 2009 | 34.13% | 36.32% | 32.36% |
| 2007 | 32.80% | 34.82% | 34.08% |
| 2005 | 33.10% | 35.29% | 33.34% |
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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