Highlands County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Highlands County FL was $807 in 2019 according to the Census ACS survey.1 Average gross rent in Highlands County was $820 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 Highlands County median and average rent data will be released in September of 2021.
Data is also available below for Highlands County rental vacancy rates, Highlands County rent as a percent of median income and the fraction of renters in Highlands County.
Real Gross Rent in Highlands 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% |
| Highlands County FL Median Gross Rent | $807 | -0.12% | -0.98% |
Highlands County FL Real Gross Rent Trends
Median gross rent for Highlands County peaked in real terms in 2007 at $826 and is now $19 (2.30%) lower. From a recent low of 681.0 in 2014, real median gross rent has now increased by $126 (18.50%). Average gross rent for Highlands County peaked in real terms in 2007 at $855 and is now $35 (4.09%) lower. From a recent low of 666.0 in 2014, real average gross rent has now increased by $154 (23.12%).
Real Gross Rent: Highlands County FL Median, Highlands County FL Average, Florida Median, US Median
Real Gross Rent History for Highlands County
| Date | US Median |
Florida Median |
Highlands County FL Median |
Highlands County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $807 | $820 |
| 2018 | $1,077 | $1,203 | $808 | $700 |
| 2017 | $1,043 | $1,163 | $806 | $740 |
| 2016 | $1,027 | $1,137 | $815 | $774 |
| 2015 | $1,017 | $1,110 | $798 | $753 |
| 2014 | $986 | $1,059 | $681 | $666 |
| 2013 | $953 | $1,024 | $706 | $674 |
| 2012 | $940 | $1,015 | $819 | $800 |
| 2011 | $941 | $1,025 | $743 | $727 |
| 2010 | $955 | $1,058 | $801 | $740 |
| 2009 | $960 | $1,085 | $811 | $800 |
| 2007 | $927 | $1,087 | $826 | $855 |
| 2005 | $910 | $1,011 | $729 | $709 |
Highlands 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 Highlands County Florida was 4.22% according to Census ACS data.
Rental Vacancy Rate in Highlands County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Highlands County FL | 4.22% | -0.60% | -9.48% |
Trends in Highlands County FL Rental Vacancy Rate
The rental vacancy rate in Highlands County peaked in 2013 at 22.45%. Since then it has fallen by 18.23% to 4.22%. Data records for this series originated in 2005.
Rental Vacancy Rate: Highlands County FL, Florida, US
Historical Rental Vacancy Rate data for Highlands County
| Date | US | Florida | Highlands County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 4.22% |
| 2018 | 6.15% | 8.52% | 4.82% |
| 2017 | 6.18% | 9.16% | 9.41% |
| 2016 | 5.89% | 8.30% | 13.70% |
| 2015 | 5.85% | 7.79% | 10.79% |
| 2014 | 6.32% | 8.66% | 14.47% |
| 2013 | 6.49% | 9.22% | 22.45% |
| 2012 | 6.77% | 9.37% | 17.63% |
| 2011 | 7.40% | 10.91% | 11.53% |
| 2010 | 8.17% | 12.17% | 13.10% |
| 2009 | 8.43% | 13.16% | 12.07% |
| 2007 | 7.87% | 11.55% | 5.48% |
| 2005 | 7.74% | 7.72% | 7.06% |
Rent as a Fraction of Income
Using median household income data for Highlands County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Highlands County, median monthly gross rent as a fraction of median household income was 19.89% in 2019 according to the ACS.
Highlands 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% |
| Highlands County FL | 19.89% | -4.06% | -5.70% |
Trends in Highlands County FL Rent as a Fraction of Income
The fraction of median Highlands County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 26.60%. Since then it has fallen by 6.72% to 19.89%.
Fraction of Income towards Rent: Highlands County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Highlands County Florida
| Date | US | Florida | Highlands County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 19.89% |
| 2018 | 20.50% | 25.57% | 23.94% |
| 2017 | 20.13% | 25.74% | 26.40% |
| 2016 | 20.43% | 25.62% | 25.59% |
| 2015 | 20.63% | 25.40% | 26.35% |
| 2014 | 20.89% | 25.36% | 21.43% |
| 2013 | 20.78% | 25.34% | 23.78% |
| 2012 | 20.65% | 25.42% | 26.60% |
| 2011 | 20.70% | 25.71% | 24.53% |
| 2010 | 20.50% | 25.59% | 24.90% |
| 2009 | 20.12% | 25.54% | 25.72% |
| 2007 | 18.66% | 23.22% | 25.53% |
| 2005 | 18.89% | 22.88% | 23.08% |
Renter Fraction in Highlands County Florida
You can calculate the renter fraction in Highlands 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 Highlands County as a fraction of total Highlands County households. In 2019 19.99% of households were renters according to Census ACS data.
Highlands 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% |
| Highlands County FL | 19.99% | -1.39% | -6.65% |
Trends in the Highlands County FL Renter Fraction
The Highlands County household renter fraction peaked in in 2017 at 28.68% and is now 8.69% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Highlands County FL, Florida, US
History of Highlands County Renter Fraction
| Date | US | Florida | Highlands County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 19.99% |
| 2018 | 36.05% | 34.08% | 21.38% |
| 2017 | 36.13% | 34.85% | 28.68% |
| 2016 | 36.88% | 35.87% | 26.64% |
| 2015 | 36.97% | 36.22% | 25.06% |
| 2014 | 36.90% | 35.95% | 23.65% |
| 2013 | 36.50% | 35.21% | 24.08% |
| 2012 | 36.09% | 34.36% | 24.07% |
| 2011 | 35.42% | 33.28% | 20.29% |
| 2010 | 34.65% | 31.85% | 22.83% |
| 2009 | 34.13% | 31.52% | 17.84% |
| 2007 | 32.80% | 29.39% | 23.36% |
| 2005 | 33.10% | 30.43% | 23.44% |
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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