Orange County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Orange County TX was $850 in 2019 according to the Census ACS survey.1 Average gross rent in Orange County was $806 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 Orange County median and average rent data will be released in September of 2021.
Data is also available below for Orange County rental vacancy rates, Orange County rent as a percent of median income and the fraction of renters in Orange County.
Real Gross Rent in Orange 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% |
| Orange County TX Median Gross Rent | $850 | +1.31% | -2.86% |
Orange County TX Real Gross Rent Trends
Median gross rent for Orange County peaked in real terms in 2016 at $875 and is now $25 (2.86%) lower. From a recent low of 666.0 in 2017, real median gross rent has now increased by $184 (27.63%). At $806, real average gross rent in Orange County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Orange County TX Median, Orange County TX Average, Texas Median, US Median
Real Gross Rent History for Orange County
| Date | US Median |
Texas Median |
Orange County TX Median |
Orange County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $850 | $806 |
| 2018 | $1,077 | $1,065 | $839 | $759 |
| 2017 | $1,043 | $1,018 | $666 | $607 |
| 2016 | $1,027 | $1,001 | $875 | $780 |
| 2015 | $1,017 | $989 | $790 | $683 |
| 2014 | $986 | $946 | $869 | $754 |
| 2013 | $953 | $902 | $752 | $672 |
| 2012 | $940 | $884 | $745 | $683 |
| 2011 | $941 | $878 | $821 | $726 |
| 2010 | $955 | $895 | $807 | $667 |
| 2009 | $960 | $898 | $758 | $717 |
| 2007 | $927 | $862 | $746 | $619 |
| 2005 | $910 | $839 | $695 | $605 |
Orange County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Orange County Texas was 5.17% according to Census ACS data.
Rental Vacancy Rate in Orange County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Orange County TX | — | — | — |
Trends in Orange County TX Rental Vacancy Rate
The rental vacancy rate in Orange County peaked in 2011 at 14.00%. Since then it has fallen by 8.83% to 5.17%. Data records for this series originated in 2005.
Rental Vacancy Rate: Orange County TX, Texas, US
Historical Rental Vacancy Rate data for Orange County
| Date | US | Texas | Orange County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | — |
| 2017 | 6.18% | 8.49% | 5.17% |
| 2016 | 5.89% | 7.65% | 12.01% |
| 2015 | 5.85% | 6.95% | — |
| 2014 | 6.32% | 7.30% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | 12.03% |
| 2011 | 7.40% | 9.23% | 14.00% |
| 2010 | 8.17% | 10.60% | — |
| 2009 | 8.43% | 10.69% | — |
| 2007 | 7.87% | 10.61% | — |
| 2005 | 7.74% | 10.60% | — |
Rent as a Fraction of Income
Using median household income data for Orange County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Orange County, median monthly gross rent as a fraction of median household income was 14.77% in 2019 according to the ACS.
Orange 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% |
| Orange County TX | 14.77% | -2.75% | -3.99% |
Trends in Orange County TX Rent as a Fraction of Income
The fraction of median Orange County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 21.51%. Since then it has fallen by 6.74% to 14.77%. From a 2017 low of 13.17%, the fraction of income going to rent has increased by 1.60%.
Fraction of Income towards Rent: Orange County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Orange County Texas
| Date | US | Texas | Orange County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 14.77% |
| 2018 | 20.50% | 20.70% | 17.53% |
| 2017 | 20.13% | 20.00% | 13.17% |
| 2016 | 20.43% | 20.28% | 18.76% |
| 2015 | 20.63% | 20.10% | 17.73% |
| 2014 | 20.89% | 20.27% | 21.10% |
| 2013 | 20.78% | 19.89% | 16.25% |
| 2012 | 20.65% | 19.65% | 16.61% |
| 2011 | 20.70% | 19.75% | 21.51% |
| 2010 | 20.50% | 19.77% | 19.36% |
| 2009 | 20.12% | 19.59% | 17.81% |
| 2007 | 18.66% | 18.52% | 15.68% |
| 2005 | 18.89% | 19.11% | 17.95% |
Renter Fraction in Orange County Texas
You can calculate the renter fraction in Orange 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 Orange County as a fraction of total Orange County households. In 2019 26.22% of households were renters according to Census ACS data.
Orange 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% |
| Orange County TX | 26.22% | +0.71% | -2.08% |
Trends in the Orange County TX Renter Fraction
The Orange County household renter fraction peaked in in 2016 at 28.30% and is now 2.08% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Orange County TX, Texas, US
History of Orange County Renter Fraction
| Date | US | Texas | Orange County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 26.22% |
| 2018 | 36.05% | 38.28% | 25.51% |
| 2017 | 36.13% | 38.03% | 21.93% |
| 2016 | 36.88% | 38.91% | 28.30% |
| 2015 | 36.97% | 38.94% | 22.91% |
| 2014 | 36.90% | 38.84% | 23.54% |
| 2013 | 36.50% | 38.16% | 28.20% |
| 2012 | 36.09% | 37.72% | 21.62% |
| 2011 | 35.42% | 37.08% | 22.57% |
| 2010 | 34.65% | 36.42% | 24.13% |
| 2009 | 34.13% | 36.32% | 24.67% |
| 2007 | 32.80% | 34.82% | 23.17% |
| 2005 | 33.10% | 35.29% | 27.07% |
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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