Parker County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Parker County TX was $1,036 in 2019 according to the Census ACS survey.1 Average gross rent in Parker County was $920 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 Parker County median and average rent data will be released in September of 2021.
Data is also available below for Parker County rental vacancy rates, Parker County rent as a percent of median income and the fraction of renters in Parker County.
Real Gross Rent in Parker 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% |
| Parker County TX Median Gross Rent | $1,036 | -4.16% | +14.86% |
Parker County TX Real Gross Rent Trends
Median gross rent for Parker County peaked in real terms in 2017 at $1,098 and is now $62 (5.65%) lower. Average gross rent for Parker County peaked in real terms in 2018 at $1,065 and is now $145 (13.62%) lower.
Real Gross Rent: Parker County TX Median, Parker County TX Average, Texas Median, US Median
Real Gross Rent History for Parker County
| Date | US Median |
Texas Median |
Parker County TX Median |
Parker County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $1,036 | $920 |
| 2018 | $1,077 | $1,065 | $1,081 | $1,065 |
| 2017 | $1,043 | $1,018 | $1,098 | $1,040 |
| 2016 | $1,027 | $1,001 | $902 | $853 |
| 2015 | $1,017 | $989 | $1,007 | $960 |
| 2014 | $986 | $946 | $935 | $859 |
| 2013 | $953 | $902 | $930 | $847 |
| 2012 | $940 | $884 | $883 | $753 |
| 2011 | $941 | $878 | $912 | $850 |
| 2010 | $955 | $895 | $954 | $923 |
| 2009 | $960 | $898 | $875 | $870 |
| 2007 | $927 | $862 | $855 | $802 |
| 2005 | $910 | $839 | $823 | $811 |
Parker 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 Parker County Texas was 13.34% according to Census ACS data.
Rental Vacancy Rate in Parker County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Parker County TX | 13.34% | — | — |
Trends in Parker County TX Rental Vacancy Rate
At 13.34%, Parker County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Parker County TX, Texas, US
Historical Rental Vacancy Rate data for Parker County
| Date | US | Texas | Parker County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 13.34% |
| 2018 | 6.15% | 8.21% | — |
| 2017 | 6.18% | 8.49% | — |
| 2016 | 5.89% | 7.65% | — |
| 2015 | 5.85% | 6.95% | 7.01% |
| 2014 | 6.32% | 7.30% | 11.07% |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | — |
| 2011 | 7.40% | 9.23% | — |
| 2010 | 8.17% | 10.60% | — |
| 2009 | 8.43% | 10.69% | 6.46% |
| 2007 | 7.87% | 10.61% | 7.39% |
| 2005 | 7.74% | 10.60% | — |
Rent as a Fraction of Income
Using median household income data for Parker County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Parker County, median monthly gross rent as a fraction of median household income was 14.93% in 2019 according to the ACS.
Parker 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% |
| Parker County TX | 14.93% | -2.77% | -0.59% |
Trends in Parker County TX Rent as a Fraction of Income
The fraction of median Parker County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.73%. Since then it has fallen by 3.80% to 14.93%.
Fraction of Income towards Rent: Parker County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Parker County Texas
| Date | US | Texas | Parker County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 14.93% |
| 2018 | 20.50% | 20.70% | 17.70% |
| 2017 | 20.13% | 20.00% | 16.86% |
| 2016 | 20.43% | 20.28% | 15.53% |
| 2015 | 20.63% | 20.10% | 16.99% |
| 2014 | 20.89% | 20.27% | 15.44% |
| 2013 | 20.78% | 19.89% | 17.53% |
| 2012 | 20.65% | 19.65% | 15.43% |
| 2011 | 20.70% | 19.75% | 14.53% |
| 2010 | 20.50% | 19.77% | 18.73% |
| 2009 | 20.12% | 19.59% | 14.45% |
| 2007 | 18.66% | 18.52% | 14.22% |
| 2005 | 18.89% | 19.11% | 14.54% |
Renter Fraction in Parker County Texas
You can calculate the renter fraction in Parker 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 Parker County as a fraction of total Parker County households. In 2019 15.91% of households were renters according to Census ACS data.
Parker 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% |
| Parker County TX | 15.91% | -4.96% | -9.34% |
Trends in the Parker County TX Renter Fraction
The Parker County household renter fraction peaked in in 2014 at 25.46% and is now 9.55% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Parker County TX, Texas, US
History of Parker County Renter Fraction
| Date | US | Texas | Parker County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 15.91% |
| 2018 | 36.05% | 38.28% | 20.87% |
| 2017 | 36.13% | 38.03% | 18.38% |
| 2016 | 36.88% | 38.91% | 25.25% |
| 2015 | 36.97% | 38.94% | 23.17% |
| 2014 | 36.90% | 38.84% | 25.46% |
| 2013 | 36.50% | 38.16% | 22.61% |
| 2012 | 36.09% | 37.72% | 20.24% |
| 2011 | 35.42% | 37.08% | 21.57% |
| 2010 | 34.65% | 36.42% | 20.86% |
| 2009 | 34.13% | 36.32% | 22.14% |
| 2007 | 32.80% | 34.82% | 18.47% |
| 2005 | 33.10% | 35.29% | 20.77% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Texas
- / Parker County
