Duval County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Duval County FL was $1,111 in 2019 according to the Census ACS survey.1 Average gross rent in Duval County was $1,106 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 Duval County median and average rent data will be released in September of 2021.
Data is also available below for Duval County rental vacancy rates, Duval County rent as a percent of median income and the fraction of renters in Duval County.
Real Gross Rent in Duval 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% |
| Duval County FL Median Gross Rent | $1,111 | +0.82% | +8.07% |
Duval County FL Real Gross Rent Trends
At $1,111, real median gross rent in Duval County was at its highest level in 2019 since the series began in 2005. Average gross rent for Duval County peaked in real terms in 2018 at $1,106 and is now $0 (0.00%) lower.
Real Gross Rent: Duval County FL Median, Duval County FL Average, Florida Median, US Median
Real Gross Rent History for Duval County
| Date | US Median |
Florida Median |
Duval County FL Median |
Duval County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,111 | $1,106 |
| 2018 | $1,077 | $1,203 | $1,102 | $1,106 |
| 2017 | $1,043 | $1,163 | $1,026 | $1,017 |
| 2016 | $1,027 | $1,137 | $1,028 | $1,025 |
| 2015 | $1,017 | $1,110 | $1,034 | $1,048 |
| 2014 | $986 | $1,059 | $997 | $1,009 |
| 2013 | $953 | $1,024 | $974 | $970 |
| 2012 | $940 | $1,015 | $950 | $967 |
| 2011 | $941 | $1,025 | $987 | $969 |
| 2010 | $955 | $1,058 | $993 | $1,006 |
| 2009 | $960 | $1,085 | $1,020 | $1,036 |
| 2007 | $927 | $1,087 | $982 | $956 |
| 2005 | $910 | $1,011 | $936 | $925 |
Duval 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 Duval County Florida was 8.22% according to Census ACS data.
Rental Vacancy Rate in Duval County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Duval County FL | 8.22% | +2.36% | -0.75% |
Trends in Duval County FL Rental Vacancy Rate
The rental vacancy rate in Duval County peaked in 2009 at 15.79%. Since then it has fallen by 7.57% to 8.22%. Data records for this series originated in 2005. From a 2014 post peak low of 5.65%, the rental vacancy rate has increased by 2.57%.
Rental Vacancy Rate: Duval County FL, Florida, US
Historical Rental Vacancy Rate data for Duval County
| Date | US | Florida | Duval County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 8.22% |
| 2018 | 6.15% | 8.52% | 5.86% |
| 2017 | 6.18% | 9.16% | 6.26% |
| 2016 | 5.89% | 8.30% | 8.97% |
| 2015 | 5.85% | 7.79% | 7.90% |
| 2014 | 6.32% | 8.66% | 5.65% |
| 2013 | 6.49% | 9.22% | 8.78% |
| 2012 | 6.77% | 9.37% | 9.65% |
| 2011 | 7.40% | 10.91% | 10.91% |
| 2010 | 8.17% | 12.17% | 12.39% |
| 2009 | 8.43% | 13.16% | 15.79% |
| 2007 | 7.87% | 11.55% | 11.95% |
| 2005 | 7.74% | 7.72% | 10.18% |
Rent as a Fraction of Income
Using median household income data for Duval County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Duval County, median monthly gross rent as a fraction of median household income was 22.82% in 2019 according to the ACS.
Duval 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% |
| Duval County FL | 22.82% | -0.43% | +0.15% |
Trends in Duval County FL Rent as a Fraction of Income
The fraction of median Duval County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.74%. Since then it has fallen by 1.92% to 22.82%.
Fraction of Income towards Rent: Duval County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Duval County Florida
| Date | US | Florida | Duval County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.82% |
| 2018 | 20.50% | 25.57% | 23.26% |
| 2017 | 20.13% | 25.74% | 22.93% |
| 2016 | 20.43% | 25.62% | 22.67% |
| 2015 | 20.63% | 25.40% | 23.61% |
| 2014 | 20.89% | 25.36% | 24.74% |
| 2013 | 20.78% | 25.34% | 23.17% |
| 2012 | 20.65% | 25.42% | 24.66% |
| 2011 | 20.70% | 25.71% | 23.87% |
| 2010 | 20.50% | 25.59% | 23.15% |
| 2009 | 20.12% | 25.54% | 22.84% |
| 2007 | 18.66% | 23.22% | 20.38% |
| 2005 | 18.89% | 22.88% | 20.09% |
Renter Fraction in Duval County Florida
You can calculate the renter fraction in Duval 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 Duval County as a fraction of total Duval County households. In 2019 42.99% of households were renters according to Census ACS data.
Duval 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% |
| Duval County FL | 42.99% | -2.12% | +0.20% |
Trends in the Duval County FL Renter Fraction
The Duval County household renter fraction peaked in in 2018 at 45.11% and is now 2.12% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Duval County FL, Florida, US
History of Duval County Renter Fraction
| Date | US | Florida | Duval County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 42.99% |
| 2018 | 36.05% | 34.08% | 45.11% |
| 2017 | 36.13% | 34.85% | 44.40% |
| 2016 | 36.88% | 35.87% | 42.79% |
| 2015 | 36.97% | 36.22% | 43.12% |
| 2014 | 36.90% | 35.95% | 44.02% |
| 2013 | 36.50% | 35.21% | 40.53% |
| 2012 | 36.09% | 34.36% | 40.54% |
| 2011 | 35.42% | 33.28% | 37.69% |
| 2010 | 34.65% | 31.85% | 38.12% |
| 2009 | 34.13% | 31.52% | 37.78% |
| 2007 | 32.80% | 29.39% | 35.10% |
| 2005 | 33.10% | 30.43% | 35.67% |
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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