Clay County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Clay County FL was $1,114 in 2019 according to the Census ACS survey.1 Average gross rent in Clay County was $1,071 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 Clay County median and average rent data will be released in September of 2021.
Data is also available below for Clay County rental vacancy rates, Clay County rent as a percent of median income and the fraction of renters in Clay County.
Real Gross Rent in Clay 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% |
| Clay County FL Median Gross Rent | $1,114 | -2.11% | +4.90% |
Clay County FL Real Gross Rent Trends
Median gross rent for Clay County peaked in real terms in 2017 at $1,180 and is now $66 (5.59%) lower. Average gross rent for Clay County peaked in real terms in 2018 at $1,150 and is now $79 (6.87%) lower.
Real Gross Rent: Clay County FL Median, Clay County FL Average, Florida Median, US Median
Real Gross Rent History for Clay County
| Date | US Median |
Florida Median |
Clay County FL Median |
Clay County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,114 | $1,071 |
| 2018 | $1,077 | $1,203 | $1,138 | $1,150 |
| 2017 | $1,043 | $1,163 | $1,180 | $1,116 |
| 2016 | $1,027 | $1,137 | $1,062 | $1,042 |
| 2015 | $1,017 | $1,110 | $1,036 | $1,050 |
| 2014 | $986 | $1,059 | $1,091 | $1,062 |
| 2013 | $953 | $1,024 | $1,064 | $1,029 |
| 2012 | $940 | $1,015 | $1,024 | $1,021 |
| 2011 | $941 | $1,025 | $1,048 | $1,071 |
| 2010 | $955 | $1,058 | $1,089 | $1,133 |
| 2009 | $960 | $1,085 | $1,054 | $1,031 |
| 2007 | $927 | $1,087 | $1,074 | $1,089 |
| 2005 | $910 | $1,011 | $1,078 | $1,131 |
Clay County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Clay County Florida was 3.51% according to Census ACS data.
Rental Vacancy Rate in Clay County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Clay County FL | — | — | — |
Trends in Clay County FL Rental Vacancy Rate
The rental vacancy rate in Clay County peaked in 2012 at 9.45%. Since then it has fallen by 5.94% to 3.51%. Data records for this series originated in 2005.
Rental Vacancy Rate: Clay County FL, Florida, US
Historical Rental Vacancy Rate data for Clay County
| Date | US | Florida | Clay County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | — |
| 2018 | 6.15% | 8.52% | — |
| 2017 | 6.18% | 9.16% | 3.51% |
| 2016 | 5.89% | 8.30% | — |
| 2015 | 5.85% | 7.79% | 2.77% |
| 2014 | 6.32% | 8.66% | 7.18% |
| 2013 | 6.49% | 9.22% | 3.69% |
| 2012 | 6.77% | 9.37% | 9.45% |
| 2011 | 7.40% | 10.91% | 5.14% |
| 2010 | 8.17% | 12.17% | 6.21% |
| 2009 | 8.43% | 13.16% | 1.43% |
| 2007 | 7.87% | 11.55% | 7.67% |
| 2005 | 7.74% | 7.72% | 8.04% |
Rent as a Fraction of Income
Using median household income data for Clay County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clay County, median monthly gross rent as a fraction of median household income was 17.43% in 2019 according to the ACS.
Clay 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% |
| Clay County FL | 17.43% | -4.27% | -4.18% |
Trends in Clay County FL Rent as a Fraction of Income
The fraction of median Clay County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 21.70%. Since then it has fallen by 4.27% to 17.43%.
Fraction of Income towards Rent: Clay County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Clay County Florida
| Date | US | Florida | Clay County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 17.43% |
| 2018 | 20.50% | 25.57% | 21.70% |
| 2017 | 20.13% | 25.74% | 21.04% |
| 2016 | 20.43% | 25.62% | 21.61% |
| 2015 | 20.63% | 25.40% | 19.98% |
| 2014 | 20.89% | 25.36% | 21.32% |
| 2013 | 20.78% | 25.34% | 20.98% |
| 2012 | 20.65% | 25.42% | 21.08% |
| 2011 | 20.70% | 25.71% | 21.40% |
| 2010 | 20.50% | 25.59% | 20.08% |
| 2009 | 20.12% | 25.54% | 19.21% |
| 2007 | 18.66% | 23.22% | 18.73% |
| 2005 | 18.89% | 22.88% | 19.14% |
Renter Fraction in Clay County Florida
You can calculate the renter fraction in Clay 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 Clay County as a fraction of total Clay County households. In 2019 20.51% of households were renters according to Census ACS data.
Clay 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% |
| Clay County FL | 20.51% | -4.61% | -4.08% |
Trends in the Clay County FL Renter Fraction
The Clay County household renter fraction peaked in in 2015 at 28.99% and is now 8.48% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clay County FL, Florida, US
History of Clay County Renter Fraction
| Date | US | Florida | Clay County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 20.51% |
| 2018 | 36.05% | 34.08% | 25.12% |
| 2017 | 36.13% | 34.85% | 24.22% |
| 2016 | 36.88% | 35.87% | 24.59% |
| 2015 | 36.97% | 36.22% | 28.99% |
| 2014 | 36.90% | 35.95% | 26.89% |
| 2013 | 36.50% | 35.21% | 24.84% |
| 2012 | 36.09% | 34.36% | 25.91% |
| 2011 | 35.42% | 33.28% | 23.22% |
| 2010 | 34.65% | 31.85% | 25.79% |
| 2009 | 34.13% | 31.52% | 21.58% |
| 2007 | 32.80% | 29.39% | 21.12% |
| 2005 | 33.10% | 30.43% | 25.56% |
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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