Randall County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Randall County TX was $941 in 2019 according to the Census ACS survey.1 Average gross rent in Randall County was $975 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 Randall County median and average rent data will be released in September of 2021.
Data is also available below for Randall County rental vacancy rates, Randall County rent as a percent of median income and the fraction of renters in Randall County.
Real Gross Rent in Randall 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% |
| Randall County TX Median Gross Rent | $941 | +6.81% | -1.05% |
Randall County TX Real Gross Rent Trends
Median gross rent for Randall County peaked in real terms in 2016 at $951 and is now $10 (1.05%) lower. At $975, real average gross rent in Randall County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Randall County TX Median, Randall County TX Average, Texas Median, US Median
Real Gross Rent History for Randall County
| Date | US Median |
Texas Median |
Randall County TX Median |
Randall County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $941 | $975 |
| 2018 | $1,077 | $1,065 | $881 | $903 |
| 2017 | $1,043 | $1,018 | $903 | $877 |
| 2016 | $1,027 | $1,001 | $951 | $971 |
| 2015 | $1,017 | $989 | $897 | $946 |
| 2014 | $986 | $946 | $930 | $934 |
| 2013 | $953 | $902 | $877 | $901 |
| 2012 | $940 | $884 | $850 | $818 |
| 2011 | $941 | $878 | $734 | $858 |
| 2010 | $955 | $895 | $807 | $777 |
| 2009 | $960 | $898 | $805 | $799 |
| 2007 | $927 | $862 | $751 | $794 |
| 2005 | $910 | $839 | $736 | $696 |
Randall 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 Randall County Texas was 14.52% according to Census ACS data.
Rental Vacancy Rate in Randall County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Randall County TX | 14.52% | +3.12% | — |
Trends in Randall County TX Rental Vacancy Rate
At 14.52%, Randall 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: Randall County TX, Texas, US
Historical Rental Vacancy Rate data for Randall County
| Date | US | Texas | Randall County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 14.52% |
| 2018 | 6.15% | 8.21% | 11.40% |
| 2017 | 6.18% | 8.49% | 7.87% |
| 2016 | 5.89% | 7.65% | — |
| 2015 | 5.85% | 6.95% | 7.19% |
| 2014 | 6.32% | 7.30% | 9.61% |
| 2013 | 6.49% | 7.86% | 4.49% |
| 2012 | 6.77% | 8.53% | — |
| 2011 | 7.40% | 9.23% | 5.72% |
| 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 Randall County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Randall County, median monthly gross rent as a fraction of median household income was 15.98% in 2019 according to the ACS.
Randall 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% |
| Randall County TX | 15.98% | +1.18% | -0.28% |
Trends in Randall County TX Rent as a Fraction of Income
The fraction of median Randall County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.17%. Since then it has fallen by 1.19% to 15.98%.
Fraction of Income towards Rent: Randall County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Randall County Texas
| Date | US | Texas | Randall County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 15.98% |
| 2018 | 20.50% | 20.70% | 14.81% |
| 2017 | 20.13% | 20.00% | 16.93% |
| 2016 | 20.43% | 20.28% | 16.26% |
| 2015 | 20.63% | 20.10% | 16.38% |
| 2014 | 20.89% | 20.27% | 16.08% |
| 2013 | 20.78% | 19.89% | 16.44% |
| 2012 | 20.65% | 19.65% | 17.17% |
| 2011 | 20.70% | 19.75% | 14.27% |
| 2010 | 20.50% | 19.77% | 14.91% |
| 2009 | 20.12% | 19.59% | 15.92% |
| 2007 | 18.66% | 18.52% | 14.47% |
| 2005 | 18.89% | 19.11% | 15.18% |
Renter Fraction in Randall County Texas
You can calculate the renter fraction in Randall 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 Randall County as a fraction of total Randall County households. In 2019 26.83% of households were renters according to Census ACS data.
Randall 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% |
| Randall County TX | 26.83% | +0.81% | -4.40% |
Trends in the Randall County TX Renter Fraction
The Randall County household renter fraction peaked in in 2013 at 31.99% and is now 5.16% below that level. From a recent low of 26.02% in 2018, the household based renter fraction has now grown by 0.81%. The origin year for the series is 2005.
Fraction of Renting Households: Randall County TX, Texas, US
History of Randall County Renter Fraction
| Date | US | Texas | Randall County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 26.83% |
| 2018 | 36.05% | 38.28% | 26.02% |
| 2017 | 36.13% | 38.03% | 29.78% |
| 2016 | 36.88% | 38.91% | 31.23% |
| 2015 | 36.97% | 38.94% | 31.06% |
| 2014 | 36.90% | 38.84% | 29.72% |
| 2013 | 36.50% | 38.16% | 31.99% |
| 2012 | 36.09% | 37.72% | 31.74% |
| 2011 | 35.42% | 37.08% | 30.92% |
| 2010 | 34.65% | 36.42% | 31.83% |
| 2009 | 34.13% | 36.32% | 29.44% |
| 2007 | 32.80% | 34.82% | 31.61% |
| 2005 | 33.10% | 35.29% | 28.01% |
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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