Escambia County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Escambia County FL was $1,004 in 2019 according to the Census ACS survey.1 Average gross rent in Escambia County was $976 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 Escambia County median and average rent data will be released in September of 2021.
Data is also available below for Escambia County rental vacancy rates, Escambia County rent as a percent of median income and the fraction of renters in Escambia County.
Real Gross Rent in Escambia 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% |
| Escambia County FL Median Gross Rent | $1,004 | +2.24% | +6.47% |
Escambia County FL Real Gross Rent Trends
At $1,004, real median gross rent in Escambia County was at its highest level in 2019 since the series began in 2005. Average gross rent for Escambia County peaked in real terms in 2018 at $984 and is now $8 (0.81%) lower.
Real Gross Rent: Escambia County FL Median, Escambia County FL Average, Florida Median, US Median
Real Gross Rent History for Escambia County
| Date | US Median |
Florida Median |
Escambia County FL Median |
Escambia County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,004 | $976 |
| 2018 | $1,077 | $1,203 | $982 | $984 |
| 2017 | $1,043 | $1,163 | $983 | $935 |
| 2016 | $1,027 | $1,137 | $943 | $926 |
| 2015 | $1,017 | $1,110 | $934 | $923 |
| 2014 | $986 | $1,059 | $971 | $942 |
| 2013 | $953 | $1,024 | $926 | $916 |
| 2012 | $940 | $1,015 | $926 | $898 |
| 2011 | $941 | $1,025 | $910 | $967 |
| 2010 | $955 | $1,058 | $886 | $896 |
| 2009 | $960 | $1,085 | $917 | $898 |
| 2007 | $927 | $1,087 | $907 | $898 |
| 2005 | $910 | $1,011 | $834 | $825 |
Escambia 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 Escambia County Florida was 4.94% according to Census ACS data.
Rental Vacancy Rate in Escambia County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Escambia County FL | 4.94% | -7.80% | -10.35% |
Trends in Escambia County FL Rental Vacancy Rate
The rental vacancy rate in Escambia County peaked in 2014 at 16.13%. Since then it has fallen by 11.19% to 4.94%. Data records for this series originated in 2005.
Rental Vacancy Rate: Escambia County FL, Florida, US
Historical Rental Vacancy Rate data for Escambia County
| Date | US | Florida | Escambia County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 4.94% |
| 2018 | 6.15% | 8.52% | 12.74% |
| 2017 | 6.18% | 9.16% | 7.91% |
| 2016 | 5.89% | 8.30% | 15.29% |
| 2015 | 5.85% | 7.79% | 14.38% |
| 2014 | 6.32% | 8.66% | 16.13% |
| 2013 | 6.49% | 9.22% | 15.77% |
| 2012 | 6.77% | 9.37% | 12.19% |
| 2011 | 7.40% | 10.91% | 12.89% |
| 2010 | 8.17% | 12.17% | 7.93% |
| 2009 | 8.43% | 13.16% | 11.36% |
| 2007 | 7.87% | 11.55% | 10.89% |
| 2005 | 7.74% | 7.72% | 5.63% |
Rent as a Fraction of Income
Using median household income data for Escambia County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Escambia County, median monthly gross rent as a fraction of median household income was 22.67% in 2019 according to the ACS.
Escambia 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% |
| Escambia County FL | 22.67% | -0.01% | -1.47% |
Trends in Escambia County FL Rent as a Fraction of Income
The fraction of median Escambia County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.72%. Since then it has fallen by 2.05% to 22.67%.
Fraction of Income towards Rent: Escambia County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Escambia County Florida
| Date | US | Florida | Escambia County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.67% |
| 2018 | 20.50% | 25.57% | 22.68% |
| 2017 | 20.13% | 25.74% | 23.52% |
| 2016 | 20.43% | 25.62% | 24.14% |
| 2015 | 20.63% | 25.40% | 22.96% |
| 2014 | 20.89% | 25.36% | 23.66% |
| 2013 | 20.78% | 25.34% | 24.60% |
| 2012 | 20.65% | 25.42% | 23.20% |
| 2011 | 20.70% | 25.71% | 24.72% |
| 2010 | 20.50% | 25.59% | 22.94% |
| 2009 | 20.12% | 25.54% | 23.61% |
| 2007 | 18.66% | 23.22% | 22.11% |
| 2005 | 18.89% | 22.88% | 19.82% |
Renter Fraction in Escambia County Florida
You can calculate the renter fraction in Escambia 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 Escambia County as a fraction of total Escambia County households. In 2019 39.66% of households were renters according to Census ACS data.
Escambia 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% |
| Escambia County FL | 39.66% | +3.06% | +0.87% |
Trends in the Escambia County FL Renter Fraction
The Escambia County household renter fraction peaked in in 2014 at 42.83% and is now 3.17% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Escambia County FL, Florida, US
History of Escambia County Renter Fraction
| Date | US | Florida | Escambia County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 39.66% |
| 2018 | 36.05% | 34.08% | 36.60% |
| 2017 | 36.13% | 34.85% | 39.10% |
| 2016 | 36.88% | 35.87% | 38.79% |
| 2015 | 36.97% | 36.22% | 38.90% |
| 2014 | 36.90% | 35.95% | 42.83% |
| 2013 | 36.50% | 35.21% | 37.83% |
| 2012 | 36.09% | 34.36% | 40.65% |
| 2011 | 35.42% | 33.28% | 33.53% |
| 2010 | 34.65% | 31.85% | 32.95% |
| 2009 | 34.13% | 31.52% | 35.66% |
| 2007 | 32.80% | 29.39% | 30.67% |
| 2005 | 33.10% | 30.43% | 31.37% |
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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