La Vergne, Tennessee Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the La Vergne, Tennessee rental market.
La Vergne, Tennessee
Average Apartment Rent
$1,278
Y-o-Y Change in Average
Apartment Rent
-13.5%
As of July 2024
Compared to a year ago, La Vergne, Tennessee apartments have recorded a -13.5% rent decrease.
La Vergne, Tennessee Average apartment rent trend
La Vergne, Tennessee Average Apartment Rent
La Vergne, Tennessee Housing tenure**
Renters take up 28% of La Vergne, Tennessee real estate, occupying a total of 3,637 units, while homeowners live in 9,343 properties.
Median number of rooms of renter-occupied housing units**
5.8
Renter median household income**
$67,688
Average household size of renter-occupied housing units**
3.44
Rental vacancy rate**
7.1%
La Vergne, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 2,097 rentals in La Vergne, Tennessee with 3 beds making up the highest share of the market, at 58%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 26 units. Overall, the median number of rooms in La Vergne, Tennessee homes for rent is 5.8.
La Vergne, Tennessee Renter-occupied units by age of householder**
Most condos for rent in La Vergne, Tennessee are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
La Vergne, Tennessee Renter-occupied housing units by family type**
La Vergne, Tennessee Renter-occupied housing units by the presence of own children**
A total of 3,057 apartments for rent in La Vergne, Tennessee, or 84% of all rentals are family households. Additionally, 66% of rental homes include children under the age of 18 – that’s 2,414 units. All in all, the median size of a renter-occupied household in La Vergne, Tennessee is 3.44.
La Vergne, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in La Vergne, Tennessee.
La Vergne, Tennessee Renter-occupied units by year structure built**
The highest share of La Vergne, Tennessee apartment rentals, namely 44% or 1,618 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (19%, 678 units), and the ones Built 2010 - 2019 (13%, 469 units).
La Vergne, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most La Vergne, Tennessee renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their La Vergne, Tennessee condos for rent is 2017.
La Vergne, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of La Vergne, Tennessee renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 14% have 3 vehicles available.
La Vergne, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
La Vergne, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
La Vergne, Tennessee Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all La Vergne, Tennessee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
