Citrus County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Citrus County FL was $903 in 2019 according to the Census ACS survey.1 Average gross rent in Citrus County was $907 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 Citrus County median and average rent data will be released in September of 2021.
Data is also available below for Citrus County rental vacancy rates, Citrus County rent as a percent of median income and the fraction of renters in Citrus County.
Real Gross Rent in Citrus 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% |
| Citrus County FL Median Gross Rent | $903 | +0.78% | +5.86% |
Citrus County FL Real Gross Rent Trends
At $903, real median gross rent in Citrus County was at its highest level in 2019 since the series began in 2005. At $907, real average gross rent in Citrus County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Citrus County FL Median, Citrus County FL Average, Florida Median, US Median
Real Gross Rent History for Citrus County
| Date | US Median |
Florida Median |
Citrus County FL Median |
Citrus County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $903 | $907 |
| 2018 | $1,077 | $1,203 | $896 | $880 |
| 2017 | $1,043 | $1,163 | $803 | $765 |
| 2016 | $1,027 | $1,137 | $853 | $795 |
| 2015 | $1,017 | $1,110 | $772 | $816 |
| 2014 | $986 | $1,059 | $803 | $779 |
| 2013 | $953 | $1,024 | $787 | $788 |
| 2012 | $940 | $1,015 | $895 | $867 |
| 2011 | $941 | $1,025 | $817 | $712 |
| 2010 | $955 | $1,058 | $837 | $768 |
| 2009 | $960 | $1,085 | $859 | $737 |
| 2007 | $927 | $1,087 | $851 | $826 |
| 2005 | $910 | $1,011 | $808 | $781 |
Citrus 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 Citrus County Florida was 10.26% according to Census ACS data.
Rental Vacancy Rate in Citrus County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Citrus County FL | 10.26% | -10.66% | +2.69% |
Trends in Citrus County FL Rental Vacancy Rate
The rental vacancy rate in Citrus County peaked in 2018 at 20.92%. Since then it has fallen by 10.66% to 10.26%. Data records for this series originated in 2005.
Rental Vacancy Rate: Citrus County FL, Florida, US
Historical Rental Vacancy Rate data for Citrus County
| Date | US | Florida | Citrus County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 10.26% |
| 2018 | 6.15% | 8.52% | 20.92% |
| 2017 | 6.18% | 9.16% | 16.73% |
| 2016 | 5.89% | 8.30% | 7.57% |
| 2015 | 5.85% | 7.79% | 9.59% |
| 2014 | 6.32% | 8.66% | 7.56% |
| 2013 | 6.49% | 9.22% | — |
| 2012 | 6.77% | 9.37% | 18.61% |
| 2011 | 7.40% | 10.91% | 3.46% |
| 2010 | 8.17% | 12.17% | 16.18% |
| 2009 | 8.43% | 13.16% | 9.94% |
| 2007 | 7.87% | 11.55% | 9.02% |
| 2005 | 7.74% | 7.72% | 8.36% |
Rent as a Fraction of Income
Using median household income data for Citrus County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Citrus County, median monthly gross rent as a fraction of median household income was 21.35% in 2019 according to the ACS.
Citrus 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% |
| Citrus County FL | 21.35% | -5.07% | -3.59% |
Trends in Citrus County FL Rent as a Fraction of Income
The fraction of median Citrus County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 26.87%. Since then it has fallen by 5.52% to 21.35%.
Fraction of Income towards Rent: Citrus County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Citrus County Florida
| Date | US | Florida | Citrus County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 21.35% |
| 2018 | 20.50% | 25.57% | 26.42% |
| 2017 | 20.13% | 25.74% | 21.47% |
| 2016 | 20.43% | 25.62% | 24.95% |
| 2015 | 20.63% | 25.40% | 21.68% |
| 2014 | 20.89% | 25.36% | 25.60% |
| 2013 | 20.78% | 25.34% | 22.40% |
| 2012 | 20.65% | 25.42% | 25.67% |
| 2011 | 20.70% | 25.71% | 26.87% |
| 2010 | 20.50% | 25.59% | 25.35% |
| 2009 | 20.12% | 25.54% | 23.73% |
| 2007 | 18.66% | 23.22% | 24.26% |
| 2005 | 18.89% | 22.88% | 22.74% |
Renter Fraction in Citrus County Florida
You can calculate the renter fraction in Citrus 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 Citrus County as a fraction of total Citrus County households. In 2019 17.03% of households were renters according to Census ACS data.
Citrus 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% |
| Citrus County FL | 17.03% | -0.09% | -2.15% |
Trends in the Citrus County FL Renter Fraction
The Citrus County household renter fraction peaked in in 2014 at 20.23% and is now 3.20% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Citrus County FL, Florida, US
History of Citrus County Renter Fraction
| Date | US | Florida | Citrus County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 17.03% |
| 2018 | 36.05% | 34.08% | 17.12% |
| 2017 | 36.13% | 34.85% | 18.61% |
| 2016 | 36.88% | 35.87% | 19.18% |
| 2015 | 36.97% | 36.22% | 18.58% |
| 2014 | 36.90% | 35.95% | 20.23% |
| 2013 | 36.50% | 35.21% | 19.65% |
| 2012 | 36.09% | 34.36% | 15.76% |
| 2011 | 35.42% | 33.28% | 19.93% |
| 2010 | 34.65% | 31.85% | 17.60% |
| 2009 | 34.13% | 31.52% | 15.09% |
| 2007 | 32.80% | 29.39% | 17.56% |
| 2005 | 33.10% | 30.43% | 19.54% |
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. ↩
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