Mount Juliet, 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 Mount Juliet, Tennessee rental market.
Mount Juliet, Tennessee
Average Apartment Rent
$1,764
Y-o-Y Change in Average
Apartment Rent
0.7%
As of July 2024
Compared to a year ago, Mount Juliet, Tennessee apartments have recorded a 0.7% rent increase.
Mount Juliet, Tennessee Average apartment rent trend
Mount Juliet, Tennessee Average Apartment Rent
Mount Juliet, Tennessee Apartment rent ranges
At 53.17%, apartments priced $1,500 - $2,000 represent the bulk of Mount Juliet, Tennessee rentals, while condos priced Over $2,000 hold the lowest share of the market – 21.16%.
Mount Juliet, Tennessee Housing tenure**
Renters take up 24% of Mount Juliet, Tennessee real estate, occupying a total of 3,496 units, while homeowners live in 10,950 properties.
Median number of rooms of renter-occupied housing units**
5.6
Renter median household income**
$80,086
Average household size of renter-occupied housing units**
2.65
Rental vacancy rate**
10.6%
Mount Juliet, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 1,773 rentals in Mount Juliet, Tennessee with 3 beds making up the highest share of the market, at 51%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 71 units. Overall, the median number of rooms in Mount Juliet, Tennessee homes for rent is 5.6.
Mount Juliet, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Mount Juliet, Tennessee are occupied by residents in the 35 - 44 years age group (29%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Mount Juliet, Tennessee Renter-occupied housing units by family type**
Mount Juliet, Tennessee Renter-occupied housing units by the presence of own children**
A total of 2,412 apartments for rent in Mount Juliet, Tennessee, or 69% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 1,520 units. All in all, the median size of a renter-occupied household in Mount Juliet, Tennessee is 2.65.
Mount Juliet, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Mount Juliet, Tennessee.
Mount Juliet, Tennessee Renter-occupied units by year structure built**
The highest share of Mount Juliet, Tennessee apartment rentals, namely 47% or 1,653 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (23%, 808 units), and the ones Built 1970 - 1979 (9%, 312 units).
Mount Juliet, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Mount Juliet, Tennessee renters (40%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mount Juliet, Tennessee condos for rent is 2018.
Mount Juliet, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Mount Juliet, Tennessee renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 13% have 3 vehicles available.
Mount Juliet, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Mount Juliet, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
Mount Juliet, 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 Mount Juliet, 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
