Killeen, Texas 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 Killeen, Texas rental market.
Highlights
An apartment for rent in Killeen, Texas typically goes for $954 per month, while a single-family home for rent in Killeen, Texas has a monthly cost of around $1,521. Renter-occupied units make up 56% of the local housing market, while the rental vacancy rate in Killeen, Texas is at 9.8.
Killeen, Texas
Average Apartment Rent in March 2022
$954
Y-o-Y Change in Average
Apartment Rent
14.8%
Average Single-Family Rent in March 2022
$1,521
Compared to a year ago, Killeen, Texas apartments have recorded a 14.8% rent increase.
Killeen, Texas |Average apartment rent trend
Killeen, Texas| Average apartment rent
Killeen, Texas | Apartment rent ranges
At 49.83%, apartments priced $700 - $1000 represent the bulk of Killeen, Texas rentals, while condos priced Under $500 hold the lowest share of the market – 1.15%.
Killeen, Texas | Housing tenure**
Renters take up 56% of Killeen, Texas real estate, occupying a total of 29,988 units, while homeowners live in 23,375 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$39,708
Average household size of renter-occupied housing units**
2.61
Rental vacancy rate**
9.8%
Killeen, Texas | Renter-occupied housing units by no. of bedrooms**
There are 10,973 rentals in Killeen, Texas with 3 beds making up the highest share of the market, at 37%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 638 units. Overall, the median number of rooms in Killeen, Texas homes for rent is 4.4.
Killeen, Texas |Renter-occupied units by age of householder**
Most condos for rent in Killeen, Texas are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Killeen, Texas | Renter-occupied housing units by family type**
Killeen, Texas | Renter-occupied housing units by the presence of own children**
A total of 18,432 apartments for rent in Killeen, Texas, or 61% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 13,421 units. All in all, the median size of a renter-occupied household in Killeen, Texas is 2.61.
Killeen, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Killeen, Texas.
Killeen, Texas | Renter-occupied units by year structure built**
The highest share of Killeen, Texas apartment rentals, namely 24% or 7,207 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (19%, 5,616 units), and the ones Built 1970 - 1979 (19%, 5,552 units).
Killeen, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Killeen, Texas renters (36%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Killeen, Texas condos for rent is 2016.
Killeen, Texas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Killeen, Texas renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 10% have No vehicle available.
Killeen, Texas | Means of transportation to work of householders living in renter-occupied housing units**
Killeen, Texas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Killeen, Texas | 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 Killeen, Texas 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, 2019 American Community Survey 5-Year Estimates
