Brevard County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Brevard County FL was $1,132 in 2019 according to the Census ACS survey.1 Average gross rent in Brevard County was $1,151 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 Brevard County median and average rent data will be released in September of 2021.
Data is also available below for Brevard County rental vacancy rates, Brevard County rent as a percent of median income and the fraction of renters in Brevard County.
Real Gross Rent in Brevard County Florida (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Florida Median Gross Rent | $1,238 | +2.91% | +8.88% |
| Brevard County FL Median Gross Rent | $1,132 | +3.57% | +12.41% |
Brevard County FL Real Gross Rent Trends
At $1,132, real median gross rent in Brevard County was at its highest level in 2019 since the series began in 2005. At $1,151, real average gross rent in Brevard County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Brevard County FL Median, Brevard County FL Average, Florida Median, US Median
Real Gross Rent History for Brevard County
| Date | US Median |
Florida Median |
Brevard County FL Median |
Brevard County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,132 | $1,151 |
| 2018 | $1,077 | $1,203 | $1,093 | $1,102 |
| 2017 | $1,043 | $1,163 | $1,044 | $1,089 |
| 2016 | $1,027 | $1,137 | $1,007 | $1,013 |
| 2015 | $1,017 | $1,110 | $1,035 | $1,068 |
| 2014 | $986 | $1,059 | $976 | $972 |
| 2013 | $953 | $1,024 | $922 | $931 |
| 2012 | $940 | $1,015 | $929 | $961 |
| 2011 | $941 | $1,025 | $922 | $926 |
| 2010 | $955 | $1,058 | $976 | $982 |
| 2009 | $960 | $1,085 | $1,006 | $977 |
| 2007 | $927 | $1,087 | $1,027 | $1,039 |
| 2005 | $910 | $1,011 | $954 | $969 |
Brevard County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Brevard County Florida was 13.47% according to Census ACS data.
Rental Vacancy Rate in Brevard County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Brevard County FL | 13.47% | +1.96% | +2.82% |
Trends in Brevard County FL Rental Vacancy Rate
The rental vacancy rate in Brevard County peaked in 2007 at 18.80%. Since then it has fallen by 5.33% to 13.47%. Data records for this series originated in 2005.
Rental Vacancy Rate: Brevard County FL, Florida, US
Historical Rental Vacancy Rate data for Brevard County
| Date | US | Florida | Brevard County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 13.47% |
| 2018 | 6.15% | 8.52% | 11.51% |
| 2017 | 6.18% | 9.16% | 11.17% |
| 2016 | 5.89% | 8.30% | 10.65% |
| 2015 | 5.85% | 7.79% | 9.78% |
| 2014 | 6.32% | 8.66% | 9.72% |
| 2013 | 6.49% | 9.22% | 11.64% |
| 2012 | 6.77% | 9.37% | 14.64% |
| 2011 | 7.40% | 10.91% | 13.28% |
| 2010 | 8.17% | 12.17% | 13.14% |
| 2009 | 8.43% | 13.16% | 14.96% |
| 2007 | 7.87% | 11.55% | 18.80% |
| 2005 | 7.74% | 7.72% | 9.47% |
Rent as a Fraction of Income
Using median household income data for Brevard County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Brevard County, median monthly gross rent as a fraction of median household income was 23.70% in 2019 according to the ACS.
Brevard County Florida Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Florida | 25.08% | -0.49% | -0.54% |
| Brevard County FL | 23.70% | +1.44% | +1.15% |
Trends in Brevard County FL Rent as a Fraction of Income
Brevard County renters paid 23.70% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2005.
Fraction of Income towards Rent: Brevard County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Brevard County Florida
| Date | US | Florida | Brevard County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 23.70% |
| 2018 | 20.50% | 25.57% | 22.26% |
| 2017 | 20.13% | 25.74% | 23.14% |
| 2016 | 20.43% | 25.62% | 22.55% |
| 2015 | 20.63% | 25.40% | 23.23% |
| 2014 | 20.89% | 25.36% | 23.14% |
| 2013 | 20.78% | 25.34% | 22.62% |
| 2012 | 20.65% | 25.42% | 22.69% |
| 2011 | 20.70% | 25.71% | 22.07% |
| 2010 | 20.50% | 25.59% | 22.64% |
| 2009 | 20.12% | 25.54% | 23.34% |
| 2007 | 18.66% | 23.22% | 20.83% |
| 2005 | 18.89% | 22.88% | 21.15% |
Renter Fraction in Brevard County Florida
You can calculate the renter fraction in Brevard 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 Brevard County as a fraction of total Brevard County households. In 2019 22.49% of households were renters according to Census ACS data.
Brevard County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Florida | 33.75% | -0.33% | -2.12% |
| Brevard County FL | 22.49% | -1.86% | -5.24% |
Trends in the Brevard County FL Renter Fraction
The Brevard County household renter fraction peaked in in 2014 at 30.65% and is now 8.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Brevard County FL, Florida, US
History of Brevard County Renter Fraction
| Date | US | Florida | Brevard County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 22.49% |
| 2018 | 36.05% | 34.08% | 24.35% |
| 2017 | 36.13% | 34.85% | 26.28% |
| 2016 | 36.88% | 35.87% | 27.73% |
| 2015 | 36.97% | 36.22% | 29.98% |
| 2014 | 36.90% | 35.95% | 30.65% |
| 2013 | 36.50% | 35.21% | 28.42% |
| 2012 | 36.09% | 34.36% | 27.12% |
| 2011 | 35.42% | 33.28% | 27.16% |
| 2010 | 34.65% | 31.85% | 25.04% |
| 2009 | 34.13% | 31.52% | 26.86% |
| 2007 | 32.80% | 29.39% | 23.05% |
| 2005 | 33.10% | 30.43% | 26.22% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Florida
- / Brevard County
