Texarkana Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Texarkana, TX (the Texarkana metro area) was $771 in 2019 according to the Census ACS survey.1 Average gross rent in Texarkana was $731 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 Texarkana median and average rent data will be released in September of 2021.
Data is also available below for Texarkana rental vacancy rates, Texarkana rent as a percent of median income and the fraction of renters in Texarkana.
Real Gross Rent in Texarkana 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% |
| Texarkana, TX Median Gross Rent | $771 | +3.91% | +6.49% |
Texarkana, TX Real Gross Rent Trends
Median gross rent for Texarkana peaked in real terms in 2015 at $775 and is now $4 (0.52%) lower. Average gross rent for Texarkana peaked in real terms in 2015 at $747 and is now $16 (2.14%) lower.
Real Gross Rent in Texarkana: Texarkana TX Median, Texarkana TX Average, Texas Median, US Median
Real Gross Rent History for Texarkana
| Date | US Median |
Texas Median |
Texarkana, TX Median |
Texarkana, TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $771 | $731 |
| 2018 | $1,077 | $1,065 | $742 | $699 |
| 2017 | $1,043 | $1,018 | $688 | $650 |
| 2016 | $1,027 | $1,001 | $724 | $689 |
| 2015 | $1,017 | $989 | $775 | $747 |
| 2014 | $986 | $946 | $727 | $666 |
| 2013 | $953 | $902 | $709 | $672 |
| 2012 | $940 | $884 | $684 | $684 |
| 2011 | $941 | $878 | $737 | $683 |
| 2010 | $955 | $895 | $749 | $682 |
| 2009 | $960 | $898 | $718 | $650 |
| 2007 | $927 | $862 | $671 | $576 |
| 2005 | $910 | $839 | $685 | $606 |
Texarkana 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 Texarkana Texas was 5.02% according to Census ACS data.
Rental Vacancy Rate in Texarkana Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Texarkana, TX | 5.02% | +1.16% | -2.05% |
Trends in Texarkana, TX Rental Vacancy Rate
The rental vacancy rate in Texarkana peaked in 2013 at 12.00%. Since then it has fallen by 6.98% to 5.02%. Data records for this series originated in 2005.
Rental Vacancy Rate: Texarkana TX, Texas, US
Historical Rental Vacancy Rate data for Texarkana
| Date | US | Texas | Texarkana, TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 5.02% |
| 2018 | 6.15% | 8.21% | 3.86% |
| 2017 | 6.18% | 8.49% | 4.43% |
| 2016 | 5.89% | 7.65% | 7.07% |
| 2015 | 5.85% | 6.95% | 8.46% |
| 2014 | 6.32% | 7.30% | 11.55% |
| 2013 | 6.49% | 7.86% | 12.00% |
| 2012 | 6.77% | 8.53% | 4.23% |
| 2011 | 7.40% | 9.23% | 9.33% |
| 2010 | 8.17% | 10.60% | 10.74% |
| 2009 | 8.43% | 10.69% | — |
| 2007 | 7.87% | 10.61% | 8.02% |
| 2005 | 7.74% | 10.60% | 3.62% |
Rent as a Fraction of Income
Using median household income data for Texarkana, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Texarkana, median monthly gross rent as a fraction of median household income was 17.95% in 2019 according to the ACS.
Texarkana 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% |
| Texarkana, TX | 17.95% | -1.40% | -1.55% |
Trends in Texarkana, TX Rent as a Fraction of Income
The fraction of median Texarkana household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.60%. Since then it has fallen by 4.65% to 17.95%.
Fraction of Income towards Rent: Texarkana TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Texarkana Texas
| Date | US | Texas | Texarkana, TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 17.95% |
| 2018 | 20.50% | 20.70% | 19.35% |
| 2017 | 20.13% | 20.00% | 16.77% |
| 2016 | 20.43% | 20.28% | 19.50% |
| 2015 | 20.63% | 20.10% | 22.60% |
| 2014 | 20.89% | 20.27% | 20.28% |
| 2013 | 20.78% | 19.89% | 20.00% |
| 2012 | 20.65% | 19.65% | 20.01% |
| 2011 | 20.70% | 19.75% | 19.61% |
| 2010 | 20.50% | 19.77% | 19.83% |
| 2009 | 20.12% | 19.59% | 18.57% |
| 2007 | 18.66% | 18.52% | 16.91% |
| 2005 | 18.89% | 19.11% | 20.59% |
Renter Fraction in Texarkana Texas
You can calculate the renter fraction in Texarkana 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 Texarkana as a fraction of total Texarkana households. In 2019 35.28% of households were renters according to Census ACS data.
Texarkana 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% |
| Texarkana, TX | 35.28% | -1.29% | -0.72% |
Trends in the Texarkana, TX Renter Fraction
The Texarkana household renter fraction peaked in in 2017 at 39.25% and is now 3.97% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Texarkana TX, Texas, US
History of Texarkana Renter Fraction
| Date | US | Texas | Texarkana, TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 35.28% |
| 2018 | 36.05% | 38.28% | 36.57% |
| 2017 | 36.13% | 38.03% | 39.25% |
| 2016 | 36.88% | 38.91% | 36.00% |
| 2015 | 36.97% | 38.94% | 34.22% |
| 2014 | 36.90% | 38.84% | 35.33% |
| 2013 | 36.50% | 38.16% | 35.34% |
| 2012 | 36.09% | 37.72% | 37.19% |
| 2011 | 35.42% | 37.08% | 32.10% |
| 2010 | 34.65% | 36.42% | 31.58% |
| 2009 | 34.13% | 36.32% | 32.67% |
| 2007 | 32.80% | 34.82% | 35.57% |
| 2005 | 33.10% | 35.29% | 33.20% |
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. ↩
