Nueces County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Nueces County TX was $1,041 in 2019 according to the Census ACS survey.1 Average gross rent in Nueces County was $1,059 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 Nueces County median and average rent data will be released in September of 2021.
Data is also available below for Nueces County rental vacancy rates, Nueces County rent as a percent of median income and the fraction of renters in Nueces County.
Real Gross Rent in Nueces 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% |
| Nueces County TX Median Gross Rent | $1,041 | +1.56% | +3.69% |
Nueces County TX Real Gross Rent Trends
At $1,041, real median gross rent in Nueces County was at its highest level in 2019 since the series began in 2005. At $1,059, real average gross rent in Nueces County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Nueces County TX Median, Nueces County TX Average, Texas Median, US Median
Real Gross Rent History for Nueces County
| Date | US Median |
Texas Median |
Nueces County TX Median |
Nueces County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,041 | $1,059 |
| 2018 | $1,077 | $1,065 | $1,025 | $1,032 |
| 2017 | $1,043 | $1,018 | $994 | $1,046 |
| 2016 | $1,027 | $1,001 | $1,004 | $1,020 |
| 2015 | $1,017 | $989 | $971 | $973 |
| 2014 | $986 | $946 | $946 | $930 |
| 2013 | $953 | $902 | $894 | $911 |
| 2012 | $940 | $884 | $888 | $912 |
| 2011 | $941 | $878 | $872 | $868 |
| 2010 | $955 | $895 | $888 | $860 |
| 2009 | $960 | $898 | $888 | $850 |
| 2007 | $927 | $862 | $873 | $867 |
| 2005 | $910 | $839 | $829 | $850 |
Nueces 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 Nueces County Texas was 9.28% according to Census ACS data.
Rental Vacancy Rate in Nueces County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Nueces County TX | 9.28% | +3.88% | +1.44% |
Trends in Nueces County TX Rental Vacancy Rate
The rental vacancy rate in Nueces County peaked in 2005 at 13.15%. Since then it has fallen by 3.87% to 9.28%. Data records for this series originated in 2005. From a 2015 post peak low of 4.93%, the rental vacancy rate has increased by 4.35%.
Rental Vacancy Rate: Nueces County TX, Texas, US
Historical Rental Vacancy Rate data for Nueces County
| Date | US | Texas | Nueces County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.28% |
| 2018 | 6.15% | 8.21% | 5.40% |
| 2017 | 6.18% | 8.49% | 9.34% |
| 2016 | 5.89% | 7.65% | 7.84% |
| 2015 | 5.85% | 6.95% | 4.93% |
| 2014 | 6.32% | 7.30% | 6.43% |
| 2013 | 6.49% | 7.86% | 5.80% |
| 2012 | 6.77% | 8.53% | 6.37% |
| 2011 | 7.40% | 9.23% | 6.27% |
| 2010 | 8.17% | 10.60% | 8.18% |
| 2009 | 8.43% | 10.69% | 8.85% |
| 2007 | 7.87% | 10.61% | 8.97% |
| 2005 | 7.74% | 10.60% | 13.15% |
Rent as a Fraction of Income
Using median household income data for Nueces County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nueces County, median monthly gross rent as a fraction of median household income was 22.00% in 2019 according to the ACS.
Nueces 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% |
| Nueces County TX | 22.00% | -0.15% | +0.81% |
Trends in Nueces County TX Rent as a Fraction of Income
The fraction of median Nueces County household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 23.27%. Since then it has fallen by 1.27% to 22.00%. From a 2012 low of 20.38%, the fraction of income going to rent has increased by 1.62%.
Fraction of Income towards Rent: Nueces County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Nueces County Texas
| Date | US | Texas | Nueces County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 22.00% |
| 2018 | 20.50% | 20.70% | 22.15% |
| 2017 | 20.13% | 20.00% | 22.04% |
| 2016 | 20.43% | 20.28% | 21.19% |
| 2015 | 20.63% | 20.10% | 21.71% |
| 2014 | 20.89% | 20.27% | 20.75% |
| 2013 | 20.78% | 19.89% | 20.65% |
| 2012 | 20.65% | 19.65% | 20.38% |
| 2011 | 20.70% | 19.75% | 21.97% |
| 2010 | 20.50% | 19.77% | 22.72% |
| 2009 | 20.12% | 19.59% | 22.89% |
| 2007 | 18.66% | 18.52% | 21.80% |
| 2005 | 18.89% | 19.11% | 20.41% |
Renter Fraction in Nueces County Texas
You can calculate the renter fraction in Nueces 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 Nueces County as a fraction of total Nueces County households. In 2019 39.79% of households were renters according to Census ACS data.
Nueces 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% |
| Nueces County TX | 39.79% | -1.39% | -2.50% |
Trends in the Nueces County TX Renter Fraction
The Nueces County household renter fraction peaked in in 2015 at 45.96% and is now 6.17% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Nueces County TX, Texas, US
History of Nueces County Renter Fraction
| Date | US | Texas | Nueces County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 39.79% |
| 2018 | 36.05% | 38.28% | 41.18% |
| 2017 | 36.13% | 38.03% | 42.48% |
| 2016 | 36.88% | 38.91% | 42.29% |
| 2015 | 36.97% | 38.94% | 45.96% |
| 2014 | 36.90% | 38.84% | 41.62% |
| 2013 | 36.50% | 38.16% | 42.45% |
| 2012 | 36.09% | 37.72% | 42.49% |
| 2011 | 35.42% | 37.08% | 43.45% |
| 2010 | 34.65% | 36.42% | 40.46% |
| 2009 | 34.13% | 36.32% | 39.28% |
| 2007 | 32.80% | 34.82% | 37.63% |
| 2005 | 33.10% | 35.29% | 37.43% |
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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