Mclennan County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Mclennan County TX was $880 in 2019 according to the Census ACS survey.1 Average gross rent in Mclennan County was $874 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 Mclennan County median and average rent data will be released in September of 2021.
Data is also available below for Mclennan County rental vacancy rates, Mclennan County rent as a percent of median income and the fraction of renters in Mclennan County.
Real Gross Rent in Mclennan 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% |
| Mclennan County TX Median Gross Rent | $880 | -3.19% | +2.68% |
Mclennan County TX Real Gross Rent Trends
Median gross rent for Mclennan County peaked in real terms in 2018 at $909 and is now $29 (3.19%) lower. At $874, real average gross rent in Mclennan County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Mclennan County TX Median, Mclennan County TX Average, Texas Median, US Median
Real Gross Rent History for Mclennan County
| Date | US Median |
Texas Median |
Mclennan County TX Median |
Mclennan County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $880 | $874 |
| 2018 | $1,077 | $1,065 | $909 | $864 |
| 2017 | $1,043 | $1,018 | $860 | $865 |
| 2016 | $1,027 | $1,001 | $857 | $845 |
| 2015 | $1,017 | $989 | $868 | $861 |
| 2014 | $986 | $946 | $810 | $828 |
| 2013 | $953 | $902 | $769 | $787 |
| 2012 | $940 | $884 | $800 | $816 |
| 2011 | $941 | $878 | $755 | $780 |
| 2010 | $955 | $895 | $830 | $818 |
| 2009 | $960 | $898 | $806 | $802 |
| 2007 | $927 | $862 | $841 | $839 |
| 2005 | $910 | $839 | $771 | $768 |
Mclennan 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 Mclennan County Texas was 3.11% according to Census ACS data.
Rental Vacancy Rate in Mclennan County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Mclennan County TX | 3.11% | -2.37% | -0.51% |
Trends in Mclennan County TX Rental Vacancy Rate
The rental vacancy rate in Mclennan County peaked in 2005 at 13.77%. Since then it has fallen by 10.66% to 3.11%. Data records for this series originated in 2005. From a 2015 post peak low of 2.94%, the rental vacancy rate has increased by 0.17%.
Rental Vacancy Rate: Mclennan County TX, Texas, US
Historical Rental Vacancy Rate data for Mclennan County
| Date | US | Texas | Mclennan County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 3.11% |
| 2018 | 6.15% | 8.21% | 5.48% |
| 2017 | 6.18% | 8.49% | 5.96% |
| 2016 | 5.89% | 7.65% | 3.62% |
| 2015 | 5.85% | 6.95% | 2.94% |
| 2014 | 6.32% | 7.30% | 6.58% |
| 2013 | 6.49% | 7.86% | 4.24% |
| 2012 | 6.77% | 8.53% | 9.05% |
| 2011 | 7.40% | 9.23% | 7.63% |
| 2010 | 8.17% | 10.60% | 9.52% |
| 2009 | 8.43% | 10.69% | 9.07% |
| 2007 | 7.87% | 10.61% | 7.40% |
| 2005 | 7.74% | 10.60% | 13.77% |
Rent as a Fraction of Income
Using median household income data for Mclennan County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mclennan County, median monthly gross rent as a fraction of median household income was 20.77% in 2019 according to the ACS.
Mclennan 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% |
| Mclennan County TX | 20.77% | -1.23% | -0.18% |
Trends in Mclennan County TX Rent as a Fraction of Income
The fraction of median Mclennan County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.78%. Since then it has fallen by 2.01% to 20.77%.
Fraction of Income towards Rent: Mclennan County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Mclennan County Texas
| Date | US | Texas | Mclennan County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.77% |
| 2018 | 20.50% | 20.70% | 22.00% |
| 2017 | 20.13% | 20.00% | 21.17% |
| 2016 | 20.43% | 20.28% | 20.95% |
| 2015 | 20.63% | 20.10% | 21.06% |
| 2014 | 20.89% | 20.27% | 21.11% |
| 2013 | 20.78% | 19.89% | 21.56% |
| 2012 | 20.65% | 19.65% | 22.19% |
| 2011 | 20.70% | 19.75% | 20.72% |
| 2010 | 20.50% | 19.77% | 22.78% |
| 2009 | 20.12% | 19.59% | 21.85% |
| 2007 | 18.66% | 18.52% | 21.21% |
| 2005 | 18.89% | 19.11% | 20.49% |
Renter Fraction in Mclennan County Texas
You can calculate the renter fraction in Mclennan 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 Mclennan County as a fraction of total Mclennan County households. In 2019 38.72% of households were renters according to Census ACS data.
Mclennan 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% |
| Mclennan County TX | 38.72% | -4.10% | -2.15% |
Trends in the Mclennan County TX Renter Fraction
The Mclennan County household renter fraction peaked in in 2013 at 45.50% and is now 6.78% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Mclennan County TX, Texas, US
History of Mclennan County Renter Fraction
| Date | US | Texas | Mclennan County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 38.72% |
| 2018 | 36.05% | 38.28% | 42.82% |
| 2017 | 36.13% | 38.03% | 41.33% |
| 2016 | 36.88% | 38.91% | 40.87% |
| 2015 | 36.97% | 38.94% | 41.30% |
| 2014 | 36.90% | 38.84% | 42.19% |
| 2013 | 36.50% | 38.16% | 45.50% |
| 2012 | 36.09% | 37.72% | 37.59% |
| 2011 | 35.42% | 37.08% | 40.15% |
| 2010 | 34.65% | 36.42% | 40.97% |
| 2009 | 34.13% | 36.32% | 40.35% |
| 2007 | 32.80% | 34.82% | 38.95% |
| 2005 | 33.10% | 35.29% | 39.11% |
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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