Gainesville Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Gainesville, FL (the Gainesville metro area) was $972 in 2019 according to the Census ACS survey.1 Average gross rent in Gainesville was $979 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 Gainesville median and average rent data will be released in September of 2021.
Data is also available below for Gainesville rental vacancy rates, Gainesville rent as a percent of median income and the fraction of renters in Gainesville.
Real Gross Rent in Gainesville 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% |
| Gainesville, FL Median Gross Rent | $972 | -5.91% | +1.46% |
Gainesville, FL Real Gross Rent Trends
Median gross rent for Gainesville peaked in real terms in 2018 at $1,033 and is now $61 (5.91%) lower. Average gross rent for Gainesville peaked in real terms in 2018 at $1,069 and is now $90 (8.42%) lower.
Real Gross Rent in Gainesville: Gainesville FL Median, Gainesville FL Average, Florida Median, US Median
Real Gross Rent History for Gainesville
| Date | US Median |
Florida Median |
Gainesville, FL Median |
Gainesville, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $972 | $979 |
| 2018 | $1,077 | $1,203 | $1,033 | $1,069 |
| 2017 | $1,043 | $1,163 | $970 | $989 |
| 2016 | $1,027 | $1,137 | $958 | $984 |
| 2015 | $1,017 | $1,110 | $910 | $973 |
| 2014 | $986 | $1,059 | $924 | $941 |
| 2013 | $953 | $1,024 | $875 | $882 |
| 2012 | $940 | $1,015 | $896 | $952 |
| 2011 | $941 | $1,025 | $889 | $963 |
| 2010 | $955 | $1,058 | $987 | $1,020 |
| 2009 | $960 | $1,085 | $992 | $1,030 |
| 2007 | $927 | $1,087 | $900 | $942 |
| 2005 | $910 | $1,011 | $874 | $918 |
Gainesville 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 Gainesville Florida was 16.30% according to Census ACS data.
Rental Vacancy Rate in Gainesville Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Gainesville, FL | 16.30% | -7.74% | +2.53% |
Trends in Gainesville, FL Rental Vacancy Rate
The rental vacancy rate in Gainesville peaked in 2018 at 24.04%. Since then it has fallen by 7.74% to 16.30%. Data records for this series originated in 2005.
Rental Vacancy Rate: Gainesville FL, Florida, US
Historical Rental Vacancy Rate data for Gainesville
| Date | US | Florida | Gainesville, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 16.30% |
| 2018 | 6.15% | 8.52% | 24.04% |
| 2017 | 6.18% | 9.16% | 20.29% |
| 2016 | 5.89% | 8.30% | 13.77% |
| 2015 | 5.85% | 7.79% | 10.11% |
| 2014 | 6.32% | 8.66% | 11.16% |
| 2013 | 6.49% | 9.22% | 10.87% |
| 2012 | 6.77% | 9.37% | 10.35% |
| 2011 | 7.40% | 10.91% | 8.13% |
| 2010 | 8.17% | 12.17% | 14.58% |
| 2009 | 8.43% | 13.16% | 9.22% |
| 2007 | 7.87% | 11.55% | 4.44% |
| 2005 | 7.74% | 7.72% | 6.35% |
Rent as a Fraction of Income
Using median household income data for Gainesville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gainesville, median monthly gross rent as a fraction of median household income was 24.42% in 2019 according to the ACS.
Gainesville 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% |
| Gainesville, FL | 24.42% | +0.30% | +0.17% |
Trends in Gainesville, FL Rent as a Fraction of Income
The fraction of median Gainesville household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 27.73%. Since then it has fallen by 3.31% to 24.42%. From a 2015 low of 21.93%, the fraction of income going to rent has increased by 2.49%.
Fraction of Income towards Rent: Gainesville FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Gainesville Florida
| Date | US | Florida | Gainesville, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 24.42% |
| 2018 | 20.50% | 25.57% | 24.12% |
| 2017 | 20.13% | 25.74% | 25.35% |
| 2016 | 20.43% | 25.62% | 24.25% |
| 2015 | 20.63% | 25.40% | 21.93% |
| 2014 | 20.89% | 25.36% | 23.15% |
| 2013 | 20.78% | 25.34% | 25.80% |
| 2012 | 20.65% | 25.42% | 24.51% |
| 2011 | 20.70% | 25.71% | 25.01% |
| 2010 | 20.50% | 25.59% | 26.31% |
| 2009 | 20.12% | 25.54% | 27.73% |
| 2007 | 18.66% | 23.22% | 24.17% |
| 2005 | 18.89% | 22.88% | 23.17% |
Renter Fraction in Gainesville Florida
You can calculate the renter fraction in Gainesville 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 Gainesville as a fraction of total Gainesville households. In 2019 41.60% of households were renters according to Census ACS data.
Gainesville 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% |
| Gainesville, FL | 41.60% | +3.17% | -3.54% |
Trends in the Gainesville, FL Renter Fraction
The Gainesville household renter fraction peaked in in 2011 at 48.63% and is now 7.03% below that level. From a recent low of 38.43% in 2018, the household based renter fraction has now grown by 3.17%. The origin year for the series is 2005.
Fraction of Renting Households: Gainesville FL, Florida, US
History of Gainesville Renter Fraction
| Date | US | Florida | Gainesville, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 41.60% |
| 2018 | 36.05% | 34.08% | 38.43% |
| 2017 | 36.13% | 34.85% | 42.60% |
| 2016 | 36.88% | 35.87% | 45.14% |
| 2015 | 36.97% | 36.22% | 44.50% |
| 2014 | 36.90% | 35.95% | 45.77% |
| 2013 | 36.50% | 35.21% | 46.84% |
| 2012 | 36.09% | 34.36% | 43.07% |
| 2011 | 35.42% | 33.28% | 48.63% |
| 2010 | 34.65% | 31.85% | 42.58% |
| 2009 | 34.13% | 31.52% | 43.83% |
| 2007 | 32.80% | 29.39% | 42.85% |
| 2005 | 33.10% | 30.43% | 47.23% |
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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