Killeen Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Killeen, TX (the Killeen-Temple-Fort Hood metro area) was $906 in 2019 according to the Census ACS survey.1 Average gross rent in Killeen was $955 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 Killeen median and average rent data will be released in September of 2021.
Data is also available below for Killeen rental vacancy rates, Killeen rent as a percent of median income and the fraction of renters in Killeen.
Real Gross Rent in Killeen 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% |
| Killeen, TX Median Gross Rent | $906 | -0.44% | -0.44% |
Killeen, TX Real Gross Rent Trends
Median gross rent for Killeen peaked in real terms in 2008 at $958 and is now $52 (5.43%) lower. From a recent low of 864.0 in 2013, real median gross rent has now increased by $42 (4.86%). At $955, real average gross rent in Killeen was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Killeen: Killeen TX Median, Killeen TX Average, Texas Median, US Median
Real Gross Rent History for Killeen
| Date | US Median |
Texas Median |
Killeen, TX Median |
Killeen, TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $906 | $955 |
| 2018 | $1,077 | $1,065 | $910 | $935 |
| 2017 | $1,043 | $1,018 | $930 | $942 |
| 2016 | $1,027 | $1,001 | $910 | $886 |
| 2015 | $1,017 | $989 | $910 | $931 |
| 2014 | $986 | $946 | $920 | $932 |
| 2013 | $953 | $902 | $864 | $857 |
| 2012 | $940 | $884 | $880 | $871 |
| 2011 | $941 | $878 | $912 | $846 |
| 2010 | $955 | $895 | $905 | $878 |
| 2009 | $960 | $898 | $943 | $854 |
| 2007 | $927 | $862 | $903 | $835 |
| 2005 | $910 | $839 | $870 | $849 |
Killeen 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 Killeen Texas was 8.31% according to Census ACS data.
Rental Vacancy Rate in Killeen Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Killeen, TX | 8.31% | +0.97% | -1.74% |
Trends in Killeen, TX Rental Vacancy Rate
The rental vacancy rate in Killeen peaked in 2011 at 22.16%. Since then it has fallen by 13.85% to 8.31%. Data records for this series originated in 2005. From a 2018 post peak low of 7.34%, the rental vacancy rate has increased by 0.97%.
Rental Vacancy Rate: Killeen TX, Texas, US
Historical Rental Vacancy Rate data for Killeen
| Date | US | Texas | Killeen, TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 8.31% |
| 2018 | 6.15% | 8.21% | 7.34% |
| 2017 | 6.18% | 8.49% | 9.43% |
| 2016 | 5.89% | 7.65% | 10.05% |
| 2015 | 5.85% | 6.95% | 8.76% |
| 2014 | 6.32% | 7.30% | 13.22% |
| 2013 | 6.49% | 7.86% | 21.47% |
| 2012 | 6.77% | 8.53% | 18.80% |
| 2011 | 7.40% | 9.23% | 22.16% |
| 2010 | 8.17% | 10.60% | 19.58% |
| 2009 | 8.43% | 10.69% | 15.41% |
| 2007 | 7.87% | 10.61% | 18.79% |
| 2005 | 7.74% | 10.60% | 9.51% |
Rent as a Fraction of Income
Using median household income data for Killeen, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Killeen, median monthly gross rent as a fraction of median household income was 20.00% in 2019 according to the ACS.
Killeen 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% |
| Killeen, TX | 20.00% | +0.01% | +0.02% |
Trends in Killeen, TX Rent as a Fraction of Income
The fraction of median Killeen household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.09%. Since then it has fallen by 2.10% to 20.00%.
Fraction of Income towards Rent: Killeen TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Killeen Texas
| Date | US | Texas | Killeen, TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.00% |
| 2018 | 20.50% | 20.70% | 19.98% |
| 2017 | 20.13% | 20.00% | 20.31% |
| 2016 | 20.43% | 20.28% | 19.98% |
| 2015 | 20.63% | 20.10% | 21.18% |
| 2014 | 20.89% | 20.27% | 20.71% |
| 2013 | 20.78% | 19.89% | 19.51% |
| 2012 | 20.65% | 19.65% | 20.41% |
| 2011 | 20.70% | 19.75% | 21.80% |
| 2010 | 20.50% | 19.77% | 19.53% |
| 2009 | 20.12% | 19.59% | 22.09% |
| 2007 | 18.66% | 18.52% | 19.50% |
| 2005 | 18.89% | 19.11% | 20.11% |
Renter Fraction in Killeen Texas
You can calculate the renter fraction in Killeen 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 Killeen as a fraction of total Killeen households. In 2019 44.12% of households were renters according to Census ACS data.
Killeen 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% |
| Killeen, TX | 44.12% | +0.28% | -0.23% |
Trends in the Killeen, TX Renter Fraction
The Killeen household renter fraction peaked in in 2015 at 47.11% and is now 2.99% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Killeen TX, Texas, US
History of Killeen Renter Fraction
| Date | US | Texas | Killeen, TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 44.12% |
| 2018 | 36.05% | 38.28% | 43.84% |
| 2017 | 36.13% | 38.03% | 43.11% |
| 2016 | 36.88% | 38.91% | 44.35% |
| 2015 | 36.97% | 38.94% | 47.11% |
| 2014 | 36.90% | 38.84% | 45.44% |
| 2013 | 36.50% | 38.16% | 42.51% |
| 2012 | 36.09% | 37.72% | 42.07% |
| 2011 | 35.42% | 37.08% | 44.05% |
| 2010 | 34.65% | 36.42% | 42.10% |
| 2009 | 34.13% | 36.32% | 42.31% |
| 2007 | 32.80% | 34.82% | 36.06% |
| 2005 | 33.10% | 35.29% | 42.80% |
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. ↩
