Flagler County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Flagler County FL was $1,423 in 2019 according to the Census ACS survey.1 Average gross rent in Flagler County was $1,277 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 Flagler County median and average rent data will be released in September of 2021.
Data is also available below for Flagler County rental vacancy rates, Flagler County rent as a percent of median income and the fraction of renters in Flagler County.
Real Gross Rent in Flagler 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% |
| Flagler County FL Median Gross Rent | $1,423 | +18.88% | +18.39% |
Flagler County FL Real Gross Rent Trends
At $1,423, real median gross rent in Flagler County was at its highest level in 2019 since the series began in 2005. At $1,277, real average gross rent in Flagler County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Flagler County FL Median, Flagler County FL Average, Florida Median, US Median
Real Gross Rent History for Flagler County
| Date | US Median |
Florida Median |
Flagler County FL Median |
Flagler County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,423 | $1,277 |
| 2018 | $1,077 | $1,203 | $1,197 | $1,150 |
| 2017 | $1,043 | $1,163 | $1,216 | $1,213 |
| 2016 | $1,027 | $1,137 | $1,202 | $1,144 |
| 2015 | $1,017 | $1,110 | $1,171 | $1,109 |
| 2014 | $986 | $1,059 | $1,114 | $966 |
| 2013 | $953 | $1,024 | $1,054 | $1,080 |
| 2012 | $940 | $1,015 | $999 | $1,006 |
| 2011 | $941 | $1,025 | — | — |
| 2010 | $955 | $1,058 | $1,117 | $1,094 |
| 2009 | $960 | $1,085 | $1,216 | $1,124 |
| 2007 | $927 | $1,087 | $1,237 | $1,243 |
| 2005 | $910 | $1,011 | $1,149 | $889 |
Flagler County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Flagler County Florida was 0.00% according to Census ACS data.
Rental Vacancy Rate in Flagler County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Flagler County FL | — | — | — |
Trends in Flagler County FL Rental Vacancy Rate
The rental vacancy rate in Flagler County peaked in 2005 at 14.93%. Since then it has fallen by 14.93% to 0.00%. Data records for this series originated in 2005.
Rental Vacancy Rate: Flagler County FL, Florida, US
Historical Rental Vacancy Rate data for Flagler County
| Date | US | Florida | Flagler County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | — |
| 2018 | 6.15% | 8.52% | 0.00% |
| 2017 | 6.18% | 9.16% | 3.52% |
| 2016 | 5.89% | 8.30% | — |
| 2015 | 5.85% | 7.79% | 4.38% |
| 2014 | 6.32% | 8.66% | 5.09% |
| 2013 | 6.49% | 9.22% | — |
| 2012 | 6.77% | 9.37% | — |
| 2011 | 7.40% | 10.91% | — |
| 2010 | 8.17% | 12.17% | 6.90% |
| 2009 | 8.43% | 13.16% | 3.10% |
| 2007 | 7.87% | 11.55% | 8.93% |
| 2005 | 7.74% | 7.72% | 14.93% |
Rent as a Fraction of Income
Using median household income data for Flagler County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Flagler County, median monthly gross rent as a fraction of median household income was 28.36% in 2019 according to the ACS.
Flagler 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% |
| Flagler County FL | 28.36% | +4.43% | +0.47% |
Trends in Flagler County FL Rent as a Fraction of Income
The fraction of median Flagler County household income required to pay median monthly gross rent peaked in 2007 (relative to the 2005 series origin) at 30.21%. Since then it has fallen by 1.84% to 28.36%. From a 2018 low of 23.93%, the fraction of income going to rent has increased by 4.43%.
Fraction of Income towards Rent: Flagler County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Flagler County Florida
| Date | US | Florida | Flagler County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 28.36% |
| 2018 | 20.50% | 25.57% | 23.93% |
| 2017 | 20.13% | 25.74% | 28.49% |
| 2016 | 20.43% | 25.62% | 27.89% |
| 2015 | 20.63% | 25.40% | 27.11% |
| 2014 | 20.89% | 25.36% | 24.52% |
| 2013 | 20.78% | 25.34% | 26.08% |
| 2012 | 20.65% | 25.42% | 26.29% |
| 2011 | 20.70% | 25.71% | 27.62% |
| 2010 | 20.50% | 25.59% | 27.28% |
| 2009 | 20.12% | 25.54% | 25.52% |
| 2007 | 18.66% | 23.22% | 30.21% |
| 2005 | 18.89% | 22.88% | 24.52% |
Renter Fraction in Flagler County Florida
You can calculate the renter fraction in Flagler 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 Flagler County as a fraction of total Flagler County households. In 2019 21.98% of households were renters according to Census ACS data.
Flagler 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% |
| Flagler County FL | 21.98% | -1.46% | -4.17% |
Trends in the Flagler County FL Renter Fraction
The Flagler County household renter fraction peaked in in 2015 at 26.93% and is now 4.95% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Flagler County FL, Florida, US
History of Flagler County Renter Fraction
| Date | US | Florida | Flagler County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 21.98% |
| 2018 | 36.05% | 34.08% | 23.44% |
| 2017 | 36.13% | 34.85% | 24.09% |
| 2016 | 36.88% | 35.87% | 26.15% |
| 2015 | 36.97% | 36.22% | 26.93% |
| 2014 | 36.90% | 35.95% | 23.60% |
| 2013 | 36.50% | 35.21% | 16.67% |
| 2012 | 36.09% | 34.36% | 24.09% |
| 2011 | 35.42% | 33.28% | 24.03% |
| 2010 | 34.65% | 31.85% | 18.54% |
| 2009 | 34.13% | 31.52% | 21.09% |
| 2007 | 32.80% | 29.39% | 20.88% |
| 2005 | 33.10% | 30.43% | 23.15% |
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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