Lubbock County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Lubbock County TX was $964 in 2019 according to the Census ACS survey.1 Average gross rent in Lubbock County was $963 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 Lubbock County median and average rent data will be released in September of 2021.
Data is also available below for Lubbock County rental vacancy rates, Lubbock County rent as a percent of median income and the fraction of renters in Lubbock County.
Real Gross Rent in Lubbock 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% |
| Lubbock County TX Median Gross Rent | $964 | +3.99% | +1.90% |
Lubbock County TX Real Gross Rent Trends
At $964, real median gross rent in Lubbock County was at its highest level in 2019 since the series began in 2005. Average gross rent for Lubbock County peaked in real terms in 2018 at $985 and is now $22 (2.23%) lower.
Real Gross Rent: Lubbock County TX Median, Lubbock County TX Average, Texas Median, US Median
Real Gross Rent History for Lubbock County
| Date | US Median |
Texas Median |
Lubbock County TX Median |
Lubbock County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $964 | $963 |
| 2018 | $1,077 | $1,065 | $927 | $985 |
| 2017 | $1,043 | $1,018 | $908 | $955 |
| 2016 | $1,027 | $1,001 | $946 | $968 |
| 2015 | $1,017 | $989 | $889 | $950 |
| 2014 | $986 | $946 | $869 | $926 |
| 2013 | $953 | $902 | $848 | $876 |
| 2012 | $940 | $884 | $845 | $864 |
| 2011 | $941 | $878 | $796 | $842 |
| 2010 | $955 | $895 | $851 | $875 |
| 2009 | $960 | $898 | $797 | $807 |
| 2007 | $927 | $862 | $861 | $825 |
| 2005 | $910 | $839 | $815 | $848 |
Lubbock 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 Lubbock County Texas was 9.35% according to Census ACS data.
Rental Vacancy Rate in Lubbock County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Lubbock County TX | 9.35% | -0.80% | -1.58% |
Trends in Lubbock County TX Rental Vacancy Rate
The rental vacancy rate in Lubbock County peaked in 2016 at 10.93%. Since then it has fallen by 1.58% to 9.35%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lubbock County TX, Texas, US
Historical Rental Vacancy Rate data for Lubbock County
| Date | US | Texas | Lubbock County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.35% |
| 2018 | 6.15% | 8.21% | 10.15% |
| 2017 | 6.18% | 8.49% | 9.26% |
| 2016 | 5.89% | 7.65% | 10.93% |
| 2015 | 5.85% | 6.95% | 6.55% |
| 2014 | 6.32% | 7.30% | 7.76% |
| 2013 | 6.49% | 7.86% | 9.03% |
| 2012 | 6.77% | 8.53% | 6.61% |
| 2011 | 7.40% | 9.23% | 6.97% |
| 2010 | 8.17% | 10.60% | 6.17% |
| 2009 | 8.43% | 10.69% | 9.70% |
| 2007 | 7.87% | 10.61% | 10.07% |
| 2005 | 7.74% | 10.60% | 8.51% |
Rent as a Fraction of Income
Using median household income data for Lubbock County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lubbock County, median monthly gross rent as a fraction of median household income was 21.03% in 2019 according to the ACS.
Lubbock 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% |
| Lubbock County TX | 21.03% | -0.61% | -1.02% |
Trends in Lubbock County TX Rent as a Fraction of Income
The fraction of median Lubbock County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 22.80%. Since then it has fallen by 1.77% to 21.03%.
Fraction of Income towards Rent: Lubbock County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Lubbock County Texas
| Date | US | Texas | Lubbock County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 21.03% |
| 2018 | 20.50% | 20.70% | 21.65% |
| 2017 | 20.13% | 20.00% | 22.34% |
| 2016 | 20.43% | 20.28% | 22.05% |
| 2015 | 20.63% | 20.10% | 21.00% |
| 2014 | 20.89% | 20.27% | 21.43% |
| 2013 | 20.78% | 19.89% | 20.42% |
| 2012 | 20.65% | 19.65% | 22.80% |
| 2011 | 20.70% | 19.75% | 20.23% |
| 2010 | 20.50% | 19.77% | 21.65% |
| 2009 | 20.12% | 19.59% | 21.38% |
| 2007 | 18.66% | 18.52% | 21.13% |
| 2005 | 18.89% | 19.11% | 22.23% |
Renter Fraction in Lubbock County Texas
You can calculate the renter fraction in Lubbock 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 Lubbock County as a fraction of total Lubbock County households. In 2019 43.55% of households were renters according to Census ACS data.
Lubbock 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% |
| Lubbock County TX | 43.55% | -0.27% | -0.56% |
Trends in the Lubbock County TX Renter Fraction
The Lubbock County household renter fraction peaked in in 2017 at 47.36% and is now 3.81% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lubbock County TX, Texas, US
History of Lubbock County Renter Fraction
| Date | US | Texas | Lubbock County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 43.55% |
| 2018 | 36.05% | 38.28% | 43.82% |
| 2017 | 36.13% | 38.03% | 47.36% |
| 2016 | 36.88% | 38.91% | 44.11% |
| 2015 | 36.97% | 38.94% | 46.14% |
| 2014 | 36.90% | 38.84% | 44.17% |
| 2013 | 36.50% | 38.16% | 41.59% |
| 2012 | 36.09% | 37.72% | 43.29% |
| 2011 | 35.42% | 37.08% | 42.20% |
| 2010 | 34.65% | 36.42% | 42.14% |
| 2009 | 34.13% | 36.32% | 42.23% |
| 2007 | 32.80% | 34.82% | 39.85% |
| 2005 | 33.10% | 35.29% | 40.74% |
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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