Hays County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Hays County TX was $1,154 in 2019 according to the Census ACS survey.1 Average gross rent in Hays County was $1,174 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 Hays County median and average rent data will be released in September of 2021.
Data is also available below for Hays County rental vacancy rates, Hays County rent as a percent of median income and the fraction of renters in Hays County.
Real Gross Rent in Hays 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% |
| Hays County TX Median Gross Rent | $1,154 | -3.99% | +2.58% |
Hays County TX Real Gross Rent Trends
Median gross rent for Hays County peaked in real terms in 2018 at $1,202 and is now $48 (3.99%) lower. Average gross rent for Hays County peaked in real terms in 2018 at $1,257 and is now $83 (6.60%) lower.
Real Gross Rent: Hays County TX Median, Hays County TX Average, Texas Median, US Median
Real Gross Rent History for Hays County
| Date | US Median |
Texas Median |
Hays County TX Median |
Hays County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,154 | $1,174 |
| 2018 | $1,077 | $1,065 | $1,202 | $1,257 |
| 2017 | $1,043 | $1,018 | $1,074 | $1,132 |
| 2016 | $1,027 | $1,001 | $1,125 | $1,114 |
| 2015 | $1,017 | $989 | $1,054 | $1,133 |
| 2014 | $986 | $946 | $1,014 | $1,052 |
| 2013 | $953 | $902 | $1,015 | $1,064 |
| 2012 | $940 | $884 | $968 | $1,003 |
| 2011 | $941 | $878 | $962 | $1,138 |
| 2010 | $955 | $895 | $946 | $1,001 |
| 2009 | $960 | $898 | $931 | $931 |
| 2007 | $927 | $862 | $886 | $907 |
| 2005 | $910 | $839 | $929 | $959 |
Hays 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 Hays County Texas was 4.58% according to Census ACS data.
Rental Vacancy Rate in Hays County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Hays County TX | 4.58% | -2.00% | +0.93% |
Trends in Hays County TX Rental Vacancy Rate
The rental vacancy rate in Hays County peaked in 2009 at 9.68%. Since then it has fallen by 5.10% to 4.58%. Data records for this series originated in 2005. From a 2010 post peak low of 1.95%, the rental vacancy rate has increased by 2.63%.
Rental Vacancy Rate: Hays County TX, Texas, US
Historical Rental Vacancy Rate data for Hays County
| Date | US | Texas | Hays County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 4.58% |
| 2018 | 6.15% | 8.21% | 6.58% |
| 2017 | 6.18% | 8.49% | 4.46% |
| 2016 | 5.89% | 7.65% | 3.65% |
| 2015 | 5.85% | 6.95% | — |
| 2014 | 6.32% | 7.30% | 8.05% |
| 2013 | 6.49% | 7.86% | 9.21% |
| 2012 | 6.77% | 8.53% | 3.66% |
| 2011 | 7.40% | 9.23% | — |
| 2010 | 8.17% | 10.60% | 1.95% |
| 2009 | 8.43% | 10.69% | 9.68% |
| 2007 | 7.87% | 10.61% | 5.46% |
| 2005 | 7.74% | 10.60% | 2.61% |
Rent as a Fraction of Income
Using median household income data for Hays County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hays County, median monthly gross rent as a fraction of median household income was 19.22% in 2019 according to the ACS.
Hays 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% |
| Hays County TX | 19.22% | -2.27% | -0.71% |
Trends in Hays County TX Rent as a Fraction of Income
The fraction of median Hays County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 21.49%. Since then it has fallen by 2.27% to 19.22%.
Fraction of Income towards Rent: Hays County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Hays County Texas
| Date | US | Texas | Hays County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 19.22% |
| 2018 | 20.50% | 20.70% | 21.49% |
| 2017 | 20.13% | 20.00% | 19.04% |
| 2016 | 20.43% | 20.28% | 19.93% |
| 2015 | 20.63% | 20.10% | 20.26% |
| 2014 | 20.89% | 20.27% | 19.50% |
| 2013 | 20.78% | 19.89% | 19.61% |
| 2012 | 20.65% | 19.65% | 20.75% |
| 2011 | 20.70% | 19.75% | 19.38% |
| 2010 | 20.50% | 19.77% | 17.73% |
| 2009 | 20.12% | 19.59% | 18.87% |
| 2007 | 18.66% | 18.52% | 16.44% |
| 2005 | 18.89% | 19.11% | 20.64% |
Renter Fraction in Hays County Texas
You can calculate the renter fraction in Hays 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 Hays County as a fraction of total Hays County households. In 2019 36.48% of households were renters according to Census ACS data.
Hays 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% |
| Hays County TX | 36.48% | -1.85% | -2.35% |
Trends in the Hays County TX Renter Fraction
The Hays County household renter fraction peaked in in 2017 at 40.22% and is now 3.74% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Hays County TX, Texas, US
History of Hays County Renter Fraction
| Date | US | Texas | Hays County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 36.48% |
| 2018 | 36.05% | 38.28% | 38.33% |
| 2017 | 36.13% | 38.03% | 40.22% |
| 2016 | 36.88% | 38.91% | 38.83% |
| 2015 | 36.97% | 38.94% | 38.65% |
| 2014 | 36.90% | 38.84% | 38.67% |
| 2013 | 36.50% | 38.16% | 34.55% |
| 2012 | 36.09% | 37.72% | 34.20% |
| 2011 | 35.42% | 37.08% | 35.05% |
| 2010 | 34.65% | 36.42% | 31.26% |
| 2009 | 34.13% | 36.32% | 32.36% |
| 2007 | 32.80% | 34.82% | 34.67% |
| 2005 | 33.10% | 35.29% | 39.83% |
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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