Victoria County Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Victoria County TX was $973 in 2019 according to the Census ACS survey.1 Average gross rent in Victoria County was $850 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 Victoria County median and average rent data will be released in September of 2021.
Data is also available below for Victoria County rental vacancy rates, Victoria County rent as a percent of median income and the fraction of renters in Victoria County.
Real Gross Rent in Victoria 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% |
| Victoria County TX Median Gross Rent | $973 | +9.57% | +7.16% |
Victoria County TX Real Gross Rent Trends
At $973, real median gross rent in Victoria County was at its highest level in 2019 since the series began in 2005. Average gross rent for Victoria County peaked in real terms in 2016 at $908 and is now $58 (6.39%) lower.
Real Gross Rent: Victoria County TX Median, Victoria County TX Average, Texas Median, US Median
Real Gross Rent History for Victoria County
| Date | US Median |
Texas Median |
Victoria County TX Median |
Victoria County TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $973 | $850 |
| 2018 | $1,077 | $1,065 | $888 | $799 |
| 2017 | $1,043 | $1,018 | $923 | $854 |
| 2016 | $1,027 | $1,001 | $908 | $908 |
| 2015 | $1,017 | $989 | $848 | $871 |
| 2014 | $986 | $946 | $855 | $898 |
| 2013 | $953 | $902 | $853 | $868 |
| 2012 | $940 | $884 | $756 | $727 |
| 2011 | $941 | $878 | $818 | $802 |
| 2010 | $955 | $895 | $720 | $745 |
| 2009 | $960 | $898 | $780 | $762 |
| 2007 | $927 | $862 | $686 | $679 |
| 2005 | $910 | $839 | $780 | $748 |
Victoria County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Victoria County Texas was 12.50% according to Census ACS data.
Rental Vacancy Rate in Victoria County Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Victoria County TX | — | — | — |
Trends in Victoria County TX Rental Vacancy Rate
At 12.50%, Victoria County residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Victoria County TX, Texas, US
Historical Rental Vacancy Rate data for Victoria County
| Date | US | Texas | Victoria County TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | — |
| 2018 | 6.15% | 8.21% | — |
| 2017 | 6.18% | 8.49% | — |
| 2016 | 5.89% | 7.65% | — |
| 2015 | 5.85% | 6.95% | 12.50% |
| 2014 | 6.32% | 7.30% | — |
| 2013 | 6.49% | 7.86% | — |
| 2012 | 6.77% | 8.53% | — |
| 2011 | 7.40% | 9.23% | 3.22% |
| 2010 | 8.17% | 10.60% | 5.19% |
| 2009 | 8.43% | 10.69% | — |
| 2007 | 7.87% | 10.61% | — |
| 2005 | 7.74% | 10.60% | 5.73% |
Rent as a Fraction of Income
Using median household income data for Victoria County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Victoria County, median monthly gross rent as a fraction of median household income was 20.36% in 2019 according to the ACS.
Victoria 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% |
| Victoria County TX | 20.36% | -0.48% | +1.01% |
Trends in Victoria County TX Rent as a Fraction of Income
The fraction of median Victoria County household income required to pay median monthly gross rent peaked in 2005 (relative to the 2005 series origin) at 20.95%. Since then it has fallen by 0.59% to 20.36%. From a 2007 low of 15.39%, the fraction of income going to rent has increased by 4.97%.
Fraction of Income towards Rent: Victoria County TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Victoria County Texas
| Date | US | Texas | Victoria County TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 20.36% |
| 2018 | 20.50% | 20.70% | 20.84% |
| 2017 | 20.13% | 20.00% | 20.70% |
| 2016 | 20.43% | 20.28% | 19.35% |
| 2015 | 20.63% | 20.10% | 16.96% |
| 2014 | 20.89% | 20.27% | 19.35% |
| 2013 | 20.78% | 19.89% | 18.58% |
| 2012 | 20.65% | 19.65% | 17.04% |
| 2011 | 20.70% | 19.75% | 19.98% |
| 2010 | 20.50% | 19.77% | 15.99% |
| 2009 | 20.12% | 19.59% | 17.01% |
| 2007 | 18.66% | 18.52% | 15.39% |
| 2005 | 18.89% | 19.11% | 20.95% |
Renter Fraction in Victoria County Texas
You can calculate the renter fraction in Victoria 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 Victoria County as a fraction of total Victoria County households. In 2019 31.29% of households were renters according to Census ACS data.
Victoria 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% |
| Victoria County TX | 31.29% | -2.49% | -6.88% |
Trends in the Victoria County TX Renter Fraction
The Victoria County household renter fraction peaked in in 2016 at 38.17% and is now 6.88% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Victoria County TX, Texas, US
History of Victoria County Renter Fraction
| Date | US | Texas | Victoria County TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 31.29% |
| 2018 | 36.05% | 38.28% | 33.78% |
| 2017 | 36.13% | 38.03% | 34.84% |
| 2016 | 36.88% | 38.91% | 38.17% |
| 2015 | 36.97% | 38.94% | 31.40% |
| 2014 | 36.90% | 38.84% | 34.92% |
| 2013 | 36.50% | 38.16% | 32.92% |
| 2012 | 36.09% | 37.72% | 37.22% |
| 2011 | 35.42% | 37.08% | 32.53% |
| 2010 | 34.65% | 36.42% | 33.05% |
| 2009 | 34.13% | 36.32% | 34.71% |
| 2007 | 32.80% | 34.82% | 35.48% |
| 2005 | 33.10% | 35.29% | 32.66% |
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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