Jacksonville Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Jacksonville, FL (the Jacksonville metro area) was $1,121 in 2019 according to the Census ACS survey.1 Average gross rent in Jacksonville was $1,118 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 Jacksonville median and average rent data will be released in September of 2021.
Data is also available below for Jacksonville rental vacancy rates, Jacksonville rent as a percent of median income and the fraction of renters in Jacksonville.
Real Gross Rent in Jacksonville 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% |
| Jacksonville, FL Median Gross Rent | $1,121 | +1.72% | +6.36% |
Jacksonville, FL Real Gross Rent Trends
At $1,121, real median gross rent in Jacksonville was at its highest level in 2019 since the series began in 2005. At $1,118, real average gross rent in Jacksonville was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Jacksonville: Jacksonville FL Median, Jacksonville FL Average, Florida Median, US Median
Real Gross Rent History for Jacksonville
| Date | US Median |
Florida Median |
Jacksonville, FL Median |
Jacksonville, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,121 | $1,118 |
| 2018 | $1,077 | $1,203 | $1,102 | $1,114 |
| 2017 | $1,043 | $1,163 | $1,063 | $1,044 |
| 2016 | $1,027 | $1,137 | $1,054 | $1,058 |
| 2015 | $1,017 | $1,110 | $1,054 | $1,070 |
| 2014 | $986 | $1,059 | $1,020 | $1,036 |
| 2013 | $953 | $1,024 | $999 | $996 |
| 2012 | $940 | $1,015 | $970 | $986 |
| 2011 | $941 | $1,025 | $1,015 | $994 |
| 2010 | $955 | $1,058 | $1,015 | $1,036 |
| 2009 | $960 | $1,085 | $1,029 | $1,043 |
| 2007 | $927 | $1,087 | $1,000 | $981 |
| 2005 | $910 | $1,011 | $958 | $951 |
Jacksonville 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 Jacksonville Florida was 7.81% according to Census ACS data.
Rental Vacancy Rate in Jacksonville Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Jacksonville, FL | 7.81% | +2.38% | -0.10% |
Trends in Jacksonville, FL Rental Vacancy Rate
The rental vacancy rate in Jacksonville peaked in 2009 at 14.09%. Since then it has fallen by 6.28% to 7.81%. Data records for this series originated in 2005. From a 2018 post peak low of 5.43%, the rental vacancy rate has increased by 2.38%.
Rental Vacancy Rate: Jacksonville FL, Florida, US
Historical Rental Vacancy Rate data for Jacksonville
| Date | US | Florida | Jacksonville, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 7.81% |
| 2018 | 6.15% | 8.52% | 5.43% |
| 2017 | 6.18% | 9.16% | 6.21% |
| 2016 | 5.89% | 8.30% | 7.91% |
| 2015 | 5.85% | 7.79% | 7.62% |
| 2014 | 6.32% | 8.66% | 6.03% |
| 2013 | 6.49% | 9.22% | 8.06% |
| 2012 | 6.77% | 9.37% | 9.12% |
| 2011 | 7.40% | 10.91% | 10.10% |
| 2010 | 8.17% | 12.17% | 12.09% |
| 2009 | 8.43% | 13.16% | 14.09% |
| 2007 | 7.87% | 11.55% | 11.99% |
| 2005 | 7.74% | 7.72% | 9.93% |
Rent as a Fraction of Income
Using median household income data for Jacksonville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jacksonville, median monthly gross rent as a fraction of median household income was 20.42% in 2019 according to the ACS.
Jacksonville 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% |
| Jacksonville, FL | 20.42% | -1.14% | -0.84% |
Trends in Jacksonville, FL Rent as a Fraction of Income
The fraction of median Jacksonville household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 22.74%. Since then it has fallen by 2.33% to 20.42%.
Fraction of Income towards Rent: Jacksonville FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Jacksonville Florida
| Date | US | Florida | Jacksonville, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 20.42% |
| 2018 | 20.50% | 25.57% | 21.55% |
| 2017 | 20.13% | 25.74% | 21.07% |
| 2016 | 20.43% | 25.62% | 21.26% |
| 2015 | 20.63% | 25.40% | 22.41% |
| 2014 | 20.89% | 25.36% | 22.68% |
| 2013 | 20.78% | 25.34% | 22.11% |
| 2012 | 20.65% | 25.42% | 22.74% |
| 2011 | 20.70% | 25.71% | 22.50% |
| 2010 | 20.50% | 25.59% | 21.65% |
| 2009 | 20.12% | 25.54% | 21.67% |
| 2007 | 18.66% | 23.22% | 19.69% |
| 2005 | 18.89% | 22.88% | 19.42% |
Renter Fraction in Jacksonville Florida
You can calculate the renter fraction in Jacksonville 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 Jacksonville as a fraction of total Jacksonville households. In 2019 33.99% of households were renters according to Census ACS data.
Jacksonville 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% |
| Jacksonville, FL | 33.99% | -2.52% | -1.43% |
Trends in the Jacksonville, FL Renter Fraction
The Jacksonville household renter fraction peaked in in 2014 at 37.83% and is now 3.84% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Jacksonville FL, Florida, US
History of Jacksonville Renter Fraction
| Date | US | Florida | Jacksonville, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 33.99% |
| 2018 | 36.05% | 34.08% | 36.51% |
| 2017 | 36.13% | 34.85% | 36.36% |
| 2016 | 36.88% | 35.87% | 35.42% |
| 2015 | 36.97% | 36.22% | 36.76% |
| 2014 | 36.90% | 35.95% | 37.83% |
| 2013 | 36.50% | 35.21% | 34.73% |
| 2012 | 36.09% | 34.36% | 35.00% |
| 2011 | 35.42% | 33.28% | 32.56% |
| 2010 | 34.65% | 31.85% | 33.18% |
| 2009 | 34.13% | 31.52% | 32.16% |
| 2007 | 32.80% | 29.39% | 31.00% |
| 2005 | 33.10% | 30.43% | 31.74% |
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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