What percentage of people rent in Richardson, TX?

49.3% (±1.6 points) of the occupied homes in Richardson, TX are rented (2020–2024 American Community Survey).

That is 22,572 renting households against 23,246 that own their home.

In Richardson, the share of households that rent went from 41.3% in 2015–2019 to 49.3% in 2020–2024 (+8.0 percentage points), a measurable increase.

Figures last updated on .

Households that rent
49.3% (±1.6 points)
Renting households
22,572 (±886)
Median renter income
$72,707 (±$3,845)

Who rents and who owns in Richardson

Tenure, estimate (90% margin of error)
RichardsonDallas CountyTexasUnited States
Renter-occupied share49.3% (±1.6 points)49.2% (±0.4 points)37.4% (±0.2 points)34.8%
Renting households22,572 (±886)483,826 (±4,280)4,113,561 (±20,050)45,017,354
Owning households23,246 (±834)498,911 (±4,480)6,879,255 (±32,101)84,210,142
Average renter household size2.2 (±0.1)2.4 (±0.0)2.4 (±0.0)2.3
Average owner household size2.7 (±0.1)2.9 (±0.0)2.9 (±0.0)2.6
Median renter household income$72,707 (±$3,845)$59,770 (±$845)$53,222 (±$285)$52,966
Median owner household income$138,654 (±$4,714)$101,516 (±$1,325)$100,555 (±$369)$100,009

In Richardson, the renter share is not measurably different from Dallas County (49.2%).

It is also higher than in Texas (37.4%).

It is higher than the national figure (34.8%).

In Dallas County, Richardson ranks 6 of 25 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 88 of 1,421.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Richardson has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent41.3% (±1.3 points)49.3% (±1.6 points)+8.0 percentage pointsMeasurable increase
Median gross rent$1,403 (±$37)$1,857 (±$37)+32.4%Up after inflation
Median household income$85,678 (±$2,366)$98,111 (±$4,485)+14.5%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Richardson

Nearest places with a published estimate, compared with Richardson
PlaceDistanceHouseholds that rentCompared with this place
Richardson—49.3% (±1.6 points)—
Plano5.9 mi43.1% (±1.0 points)Lower
Garland6.2 mi38.4% (±1.5 points)Lower
Murphy6.5 mi6.3% (±3.1 points)Lower
Addison7.3 mi82.0% (±3.0 points)Higher
Sachse7.5 mi15.3% (±2.9 points)Lower
Parker7.8 mi1.1% (±1.6 points)Lower
Allen9.7 mi30.6% (±2.2 points)Lower
University Park9.9 mi16.8% (±2.9 points)Lower

Nearby places with a measurably lower figure: Plano, TX (43.1%), Garland, TX (38.4%), Murphy, TX (6.3%).

Nearby places with a measurably higher figure: Addison, TX (82.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Dallas County, place by place

RankPlaceHouseholds that rent
1Addison82.0% (±3.0 points)
2Irving61.9% (±1.3 points)
3 (tie)Dallas57.6% (±0.5 points)
3 (tie)Farmers Branch57.6% (±2.4 points)
5Hutchins51.3% (±9.5 points)
6Richardson49.3% (±1.6 points)
7Cockrell Hill41.6% (±9.8 points)
8Wilmer41.5% (±19.3 points)
9Grand Prairie41.3% (±1.6 points)
10Garland38.4% (±1.5 points)
11Mesquite37.2% (±1.7 points)
12Balch Springs35.3% (±4.5 points)

Showing 12 of 25 places in Dallas County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Richardson

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Richardson, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Richardson beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Richardson, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Richardson

How many renters are there in Richardson?

Richardson has an estimated 22,572 (±886) renting households, 49.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Richardson?

In Richardson, the share of households that rent went from 41.3% in 2015–2019 to 49.3% in 2020–2024 (+8.0 percentage points), a measurable increase.

How big are renting households in Richardson?

A renting household in Richardson has 2.2 people on average, against 2.7 in an owned home.

How much do renters earn in Richardson?

The median renting household in Richardson, TX has an income of $72,707 (±$3,845) a year, against $138,654 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Richardson city, Texas (place:61796, in state:48).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related