Hidalgo County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Hidalgo County TX was $763 in 2019 according to the Census ACS survey.1 Average gross rent in Hidalgo County was $720 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 Hidalgo County median and average rent data will be released in September of 2021.
Data is also available below for Hidalgo County rental vacancy rates, Hidalgo County rent as a percent of median income and the fraction of renters in Hidalgo County.
Real Gross Rent in Hidalgo 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% |
| Hidalgo County TX Median Gross Rent | $763 | +6.56% | +4.52% |
Hidalgo County TX Real Gross Rent Trends
At $763, real median gross rent in Hidalgo County was at its highest level in 2019 since the series began in 2005. At $720, real average gross rent in Hidalgo County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Hidalgo County TX Median, Hidalgo County TX Average, Texas Median, US Median
Real Gross Rent History for Hidalgo County
| Date | US Median |
Texas Median |
Hidalgo County TX Median |
Hidalgo County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $763 | $720 |
| 2018 | $1,077 | $1,065 | $716 | $681 |
| 2017 | $1,043 | $1,018 | $717 | $664 |
| 2016 | $1,027 | $1,001 | $730 | $673 |
| 2015 | $1,017 | $989 | $732 | $715 |
| 2014 | $986 | $946 | $705 | $667 |
| 2013 | $953 | $902 | $690 | $650 |
| 2012 | $940 | $884 | $661 | $628 |
| 2011 | $941 | $878 | $663 | $616 |
| 2010 | $955 | $895 | $679 | $619 |
| 2009 | $960 | $898 | $668 | $638 |
| 2007 | $927 | $862 | $666 | $618 |
| 2005 | $910 | $839 | $664 | $624 |
Hidalgo 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 Hidalgo County Texas was 9.67% according to Census ACS data.
Rental Vacancy Rate in Hidalgo County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Hidalgo County TX | 9.67% | -1.07% | +3.51% |
Trends in Hidalgo County TX Rental Vacancy Rate
The rental vacancy rate in Hidalgo County peaked in 2006 at 13.85%. Since then it has fallen by 4.18% to 9.67%. Data records for this series originated in 2005. From a 2013 post peak low of 5.14%, the rental vacancy rate has increased by 4.53%.
Rental Vacancy Rate: Hidalgo County TX, Texas, US
Historical Rental Vacancy Rate data for Hidalgo County
| Date | US | Texas | Hidalgo County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.67% |
| 2018 | 6.15% | 8.21% | 10.74% |
| 2017 | 6.18% | 8.49% | 7.36% |
| 2016 | 5.89% | 7.65% | 6.16% |
| 2015 | 5.85% | 6.95% | 9.84% |
| 2014 | 6.32% | 7.30% | 7.15% |
| 2013 | 6.49% | 7.86% | 5.14% |
| 2012 | 6.77% | 8.53% | 5.39% |
| 2011 | 7.40% | 9.23% | 6.74% |
| 2010 | 8.17% | 10.60% | 5.39% |
| 2009 | 8.43% | 10.69% | 8.21% |
| 2007 | 7.87% | 10.61% | 11.50% |
| 2005 | 7.74% | 10.60% | 13.09% |
Rent as a Fraction of Income
Using median household income data for Hidalgo County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hidalgo County, median monthly gross rent as a fraction of median household income was 21.90% in 2019 according to the ACS.
Hidalgo 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% |
| Hidalgo County TX | 21.90% | +0.36% | -1.22% |
Trends in Hidalgo County TX Rent as a Fraction of Income
The fraction of median Hidalgo County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 26.01%. Since then it has fallen by 4.10% to 21.90%. From a 2018 low of 21.54%, the fraction of income going to rent has increased by 0.36%.
Fraction of Income towards Rent: Hidalgo County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Hidalgo County Texas
| Date | US | Texas | Hidalgo County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 21.90% |
| 2018 | 20.50% | 20.70% | 21.54% |
| 2017 | 20.13% | 20.00% | 22.48% |
| 2016 | 20.43% | 20.28% | 23.12% |
| 2015 | 20.63% | 20.10% | 23.17% |
| 2014 | 20.89% | 20.27% | 23.03% |
| 2013 | 20.78% | 19.89% | 22.39% |
| 2012 | 20.65% | 19.65% | 22.07% |
| 2011 | 20.70% | 19.75% | 23.71% |
| 2010 | 20.50% | 19.77% | 21.63% |
| 2009 | 20.12% | 19.59% | 23.09% |
| 2007 | 18.66% | 18.52% | 22.46% |
| 2005 | 18.89% | 19.11% | 26.01% |
Renter Fraction in Hidalgo County Texas
You can calculate the renter fraction in Hidalgo 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 Hidalgo County as a fraction of total Hidalgo County households. In 2019 31.84% of households were renters according to Census ACS data.
Hidalgo 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% |
| Hidalgo County TX | 31.84% | +0.45% | -1.94% |
Trends in the Hidalgo County TX Renter Fraction
The Hidalgo County household renter fraction peaked in in 2016 at 33.78% and is now 1.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Hidalgo County TX, Texas, US
History of Hidalgo County Renter Fraction
| Date | US | Texas | Hidalgo County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 31.84% |
| 2018 | 36.05% | 38.28% | 31.39% |
| 2017 | 36.13% | 38.03% | 33.63% |
| 2016 | 36.88% | 38.91% | 33.78% |
| 2015 | 36.97% | 38.94% | 30.51% |
| 2014 | 36.90% | 38.84% | 31.99% |
| 2013 | 36.50% | 38.16% | 32.62% |
| 2012 | 36.09% | 37.72% | 32.75% |
| 2011 | 35.42% | 37.08% | 31.41% |
| 2010 | 34.65% | 36.42% | 31.96% |
| 2009 | 34.13% | 36.32% | 31.00% |
| 2007 | 32.80% | 34.82% | 29.46% |
| 2005 | 33.10% | 35.29% | 29.96% |
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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