Gregg County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Gregg County TX was $867 in 2019 according to the Census ACS survey.1 Average gross rent in Gregg County was $900 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 Gregg County median and average rent data will be released in September of 2021.
Data is also available below for Gregg County rental vacancy rates, Gregg County rent as a percent of median income and the fraction of renters in Gregg County.
Real Gross Rent in Gregg 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% |
| Gregg County TX Median Gross Rent | $867 | +3.58% | +0.58% |
Gregg County TX Real Gross Rent Trends
At $867, real median gross rent in Gregg County was at its highest level in 2019 since the series began in 2005. At $900, real average gross rent in Gregg County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Gregg County TX Median, Gregg County TX Average, Texas Median, US Median
Real Gross Rent History for Gregg County
| Date | US Median |
Texas Median |
Gregg County TX Median |
Gregg County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $867 | $900 |
| 2018 | $1,077 | $1,065 | $837 | $870 |
| 2017 | $1,043 | $1,018 | $850 | $847 |
| 2016 | $1,027 | $1,001 | $862 | $872 |
| 2015 | $1,017 | $989 | $840 | $858 |
| 2014 | $986 | $946 | $827 | $796 |
| 2013 | $953 | $902 | $775 | $818 |
| 2012 | $940 | $884 | $776 | $757 |
| 2011 | $941 | $878 | $819 | $835 |
| 2010 | $955 | $895 | $836 | $796 |
| 2009 | $960 | $898 | $748 | $726 |
| 2007 | $927 | $862 | $753 | $738 |
| 2005 | $910 | $839 | $706 | $715 |
Gregg County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Gregg County Texas was 8.18% according to Census ACS data.
Rental Vacancy Rate in Gregg County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Gregg County TX | — | — | — |
Trends in Gregg County TX Rental Vacancy Rate
The rental vacancy rate in Gregg County peaked in 2017 at 11.47%. Since then it has fallen by 3.29% to 8.18%. Data records for this series originated in 2005.
Rental Vacancy Rate: Gregg County TX, Texas, US
Historical Rental Vacancy Rate data for Gregg County
| Date | US | Texas | Gregg County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | 8.18% |
| 2017 | 6.18% | 8.49% | 11.47% |
| 2016 | 5.89% | 7.65% | 6.28% |
| 2015 | 5.85% | 6.95% | 9.94% |
| 2014 | 6.32% | 7.30% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | 9.04% |
| 2011 | 7.40% | 9.23% | — |
| 2010 | 8.17% | 10.60% | 7.42% |
| 2009 | 8.43% | 10.69% | 3.46% |
| 2007 | 7.87% | 10.61% | — |
| 2005 | 7.74% | 10.60% | 2.61% |
Rent as a Fraction of Income
Using median household income data for Gregg County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gregg County, median monthly gross rent as a fraction of median household income was 19.34% in 2019 according to the ACS.
Gregg 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% |
| Gregg County TX | 19.34% | +0.14% | -2.99% |
Trends in Gregg County TX Rent as a Fraction of Income
The fraction of median Gregg County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.33%. Since then it has fallen by 2.99% to 19.34%.
Fraction of Income towards Rent: Gregg County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Gregg County Texas
| Date | US | Texas | Gregg County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 19.34% |
| 2018 | 20.50% | 20.70% | 19.21% |
| 2017 | 20.13% | 20.00% | 21.00% |
| 2016 | 20.43% | 20.28% | 22.33% |
| 2015 | 20.63% | 20.10% | 19.91% |
| 2014 | 20.89% | 20.27% | 18.45% |
| 2013 | 20.78% | 19.89% | 19.43% |
| 2012 | 20.65% | 19.65% | 20.75% |
| 2011 | 20.70% | 19.75% | 21.37% |
| 2010 | 20.50% | 19.77% | 22.25% |
| 2009 | 20.12% | 19.59% | 18.46% |
| 2007 | 18.66% | 18.52% | 19.39% |
| 2005 | 18.89% | 19.11% | 18.70% |
Renter Fraction in Gregg County Texas
You can calculate the renter fraction in Gregg 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 Gregg County as a fraction of total Gregg County households. In 2019 39.06% of households were renters according to Census ACS data.
Gregg 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% |
| Gregg County TX | 39.06% | -1.27% | -1.98% |
Trends in the Gregg County TX Renter Fraction
The Gregg County household renter fraction peaked in in 2015 at 42.71% and is now 3.65% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Gregg County TX, Texas, US
History of Gregg County Renter Fraction
| Date | US | Texas | Gregg County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 39.06% |
| 2018 | 36.05% | 38.28% | 40.33% |
| 2017 | 36.13% | 38.03% | 38.78% |
| 2016 | 36.88% | 38.91% | 41.04% |
| 2015 | 36.97% | 38.94% | 42.71% |
| 2014 | 36.90% | 38.84% | 36.98% |
| 2013 | 36.50% | 38.16% | 41.58% |
| 2012 | 36.09% | 37.72% | 36.77% |
| 2011 | 35.42% | 37.08% | 38.51% |
| 2010 | 34.65% | 36.42% | 37.38% |
| 2009 | 34.13% | 36.32% | 35.75% |
| 2007 | 32.80% | 34.82% | 39.67% |
| 2005 | 33.10% | 35.29% | 36.72% |
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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