Crestview Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Crestview, FL (the Crestview-Fort Walton Beach-Destin metro area) was $1,160 in 2019 according to the Census ACS survey.1 Average gross rent in Crestview was $1,149 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 Crestview median and average rent data will be released in September of 2021.
Data is also available below for Crestview rental vacancy rates, Crestview rent as a percent of median income and the fraction of renters in Crestview.
Real Gross Rent in Crestview 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% |
| Crestview, FL Median Gross Rent | $1,160 | +3.11% | +10.79% |
Crestview, FL Real Gross Rent Trends
At $1,160, real median gross rent in Crestview was at its highest level in 2019 since the series began in 2010. At $1,149, real average gross rent in Crestview was at its highest level in 2019 since the series began in 2010.
Real Gross Rent in Crestview: Crestview FL Median, Crestview FL Average, Florida Median, US Median
Real Gross Rent History for Crestview
| Date | US Median |
Florida Median |
Crestview, FL Median |
Crestview, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,160 | $1,149 |
| 2018 | $1,077 | $1,203 | $1,125 | $1,079 |
| 2017 | $1,043 | $1,163 | $1,069 | $1,068 |
| 2016 | $1,027 | $1,137 | $1,047 | $1,029 |
| 2015 | $1,017 | $1,110 | $1,104 | $1,091 |
| 2014 | $986 | $1,059 | $1,064 | $1,074 |
| 2013 | $953 | $1,024 | $1,017 | $984 |
| 2012 | $940 | $1,015 | $1,048 | $1,027 |
| 2011 | $941 | $1,025 | $1,013 | $974 |
| 2010 | $955 | $1,058 | $1,107 | $1,039 |
| 2009 | $960 | $1,085 | — | — |
| 2007 | $927 | $1,087 | — | — |
| 2005 | $910 | $1,011 | — | — |
Crestview 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 Crestview Florida was 25.15% according to Census ACS data.
Rental Vacancy Rate in Crestview Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Crestview, FL | 25.15% | +1.04% | +5.79% |
Trends in Crestview, FL Rental Vacancy Rate
At 25.15%, Crestview residential rental vacancy rate in 2019 is at the highest point since 2010, the beginning of our reporting for this series.
Rental Vacancy Rate: Crestview FL, Florida, US
Historical Rental Vacancy Rate data for Crestview
| Date | US | Florida | Crestview, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 25.15% |
| 2018 | 6.15% | 8.52% | 24.11% |
| 2017 | 6.18% | 9.16% | 18.50% |
| 2016 | 5.89% | 8.30% | 19.36% |
| 2015 | 5.85% | 7.79% | 6.79% |
| 2014 | 6.32% | 8.66% | 7.28% |
| 2013 | 6.49% | 9.22% | 6.15% |
| 2012 | 6.77% | 9.37% | 10.76% |
| 2011 | 7.40% | 10.91% | 23.01% |
| 2010 | 8.17% | 12.17% | 21.80% |
| 2009 | 8.43% | 13.16% | — |
| 2007 | 7.87% | 11.55% | — |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for Crestview, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Crestview, median monthly gross rent as a fraction of median household income was 22.23% in 2019 according to the ACS.
Crestview 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% |
| Crestview, FL | 22.23% | +1.41% | +1.76% |
Trends in Crestview, FL Rent as a Fraction of Income
The fraction of median Crestview household income required to pay median monthly gross rent peaked in 2015 (relative to the 2010 series origin) at 23.35%. Since then it has fallen by 1.13% to 22.23%. From a 2016 low of 20.47%, the fraction of income going to rent has increased by 1.76%.
Fraction of Income towards Rent: Crestview FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Crestview Florida
| Date | US | Florida | Crestview, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.23% |
| 2018 | 20.50% | 25.57% | 20.81% |
| 2017 | 20.13% | 25.74% | 20.87% |
| 2016 | 20.43% | 25.62% | 20.47% |
| 2015 | 20.63% | 25.40% | 23.35% |
| 2014 | 20.89% | 25.36% | 22.53% |
| 2013 | 20.78% | 25.34% | 21.87% |
| 2012 | 20.65% | 25.42% | 22.39% |
| 2011 | 20.70% | 25.71% | 22.90% |
| 2010 | 20.50% | 25.59% | 23.08% |
| 2009 | 20.12% | 25.54% | — |
| 2007 | 18.66% | 23.22% | — |
| 2005 | 18.89% | 22.88% | — |
Renter Fraction in Crestview Florida
You can calculate the renter fraction in Crestview 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 Crestview as a fraction of total Crestview households. In 2019 30.93% of households were renters according to Census ACS data.
Crestview 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% |
| Crestview, FL | 30.93% | -1.25% | -3.65% |
Trends in the Crestview, FL Renter Fraction
The Crestview household renter fraction peaked in in 2012 at 37.79% and is now 6.86% below that level. The origin year for the series is 2010.
Fraction of Renting Households: Crestview FL, Florida, US
History of Crestview Renter Fraction
| Date | US | Florida | Crestview, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 30.93% |
| 2018 | 36.05% | 34.08% | 32.18% |
| 2017 | 36.13% | 34.85% | 34.20% |
| 2016 | 36.88% | 35.87% | 34.58% |
| 2015 | 36.97% | 36.22% | 37.07% |
| 2014 | 36.90% | 35.95% | 34.63% |
| 2013 | 36.50% | 35.21% | 34.80% |
| 2012 | 36.09% | 34.36% | 37.79% |
| 2011 | 35.42% | 33.28% | 33.18% |
| 2010 | 34.65% | 31.85% | 33.18% |
| 2009 | 34.13% | 31.52% | — |
| 2007 | 32.80% | 29.39% | — |
| 2005 | 33.10% | 30.43% | — |
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. ↩
