Manatee County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Manatee County FL was $1,191 in 2019 according to the Census ACS survey.1 Average gross rent in Manatee County was $1,192 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 Manatee County median and average rent data will be released in September of 2021.
Data is also available below for Manatee County rental vacancy rates, Manatee County rent as a percent of median income and the fraction of renters in Manatee County.
Real Gross Rent in Manatee 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% |
| Manatee County FL Median Gross Rent | $1,191 | -1.33% | +8.17% |
Manatee County FL Real Gross Rent Trends
Median gross rent for Manatee County peaked in real terms in 2018 at $1,207 and is now $16 (1.33%) lower. Average gross rent for Manatee County peaked in real terms in 2018 at $1,248 and is now $56 (4.49%) lower.
Real Gross Rent: Manatee County FL Median, Manatee County FL Average, Florida Median, US Median
Real Gross Rent History for Manatee County
| Date | US Median |
Florida Median |
Manatee County FL Median |
Manatee County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,191 | $1,192 |
| 2018 | $1,077 | $1,203 | $1,207 | $1,248 |
| 2017 | $1,043 | $1,163 | $1,169 | $1,198 |
| 2016 | $1,027 | $1,137 | $1,101 | $1,165 |
| 2015 | $1,017 | $1,110 | $1,071 | $1,153 |
| 2014 | $986 | $1,059 | $1,029 | $1,086 |
| 2013 | $953 | $1,024 | $1,003 | $1,056 |
| 2012 | $940 | $1,015 | $946 | $1,039 |
| 2011 | $941 | $1,025 | $918 | $981 |
| 2010 | $955 | $1,058 | $967 | $1,036 |
| 2009 | $960 | $1,085 | $1,067 | $1,082 |
| 2007 | $927 | $1,087 | $1,074 | $1,114 |
| 2005 | $910 | $1,011 | $1,041 | $1,103 |
Manatee 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 Manatee County Florida was 24.26% according to Census ACS data.
Rental Vacancy Rate in Manatee County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Manatee County FL | 24.26% | +10.64% | +14.90% |
Trends in Manatee County FL Rental Vacancy Rate
At 24.26%, Manatee County residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Manatee County FL, Florida, US
Historical Rental Vacancy Rate data for Manatee County
| Date | US | Florida | Manatee County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 24.26% |
| 2018 | 6.15% | 8.52% | 13.62% |
| 2017 | 6.18% | 9.16% | 10.91% |
| 2016 | 5.89% | 8.30% | 9.36% |
| 2015 | 5.85% | 7.79% | 11.93% |
| 2014 | 6.32% | 8.66% | 11.09% |
| 2013 | 6.49% | 9.22% | 7.98% |
| 2012 | 6.77% | 9.37% | 12.18% |
| 2011 | 7.40% | 10.91% | 15.46% |
| 2010 | 8.17% | 12.17% | 19.40% |
| 2009 | 8.43% | 13.16% | 21.41% |
| 2007 | 7.87% | 11.55% | 18.71% |
| 2005 | 7.74% | 7.72% | 9.03% |
Rent as a Fraction of Income
Using median household income data for Manatee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Manatee County, median monthly gross rent as a fraction of median household income was 22.16% in 2019 according to the ACS.
Manatee 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% |
| Manatee County FL | 22.16% | -1.58% | -2.21% |
Trends in Manatee County FL Rent as a Fraction of Income
The fraction of median Manatee County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 24.73%. Since then it has fallen by 2.57% to 22.16%.
Fraction of Income towards Rent: Manatee County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Manatee County Florida
| Date | US | Florida | Manatee County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.16% |
| 2018 | 20.50% | 25.57% | 23.74% |
| 2017 | 20.13% | 25.74% | 24.62% |
| 2016 | 20.43% | 25.62% | 24.37% |
| 2015 | 20.63% | 25.40% | 23.84% |
| 2014 | 20.89% | 25.36% | 22.49% |
| 2013 | 20.78% | 25.34% | 23.65% |
| 2012 | 20.65% | 25.42% | 22.47% |
| 2011 | 20.70% | 25.71% | 23.59% |
| 2010 | 20.50% | 25.59% | 23.18% |
| 2009 | 20.12% | 25.54% | 24.73% |
| 2007 | 18.66% | 23.22% | 22.39% |
| 2005 | 18.89% | 22.88% | 22.51% |
Renter Fraction in Manatee County Florida
You can calculate the renter fraction in Manatee 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 Manatee County as a fraction of total Manatee County households. In 2019 22.95% of households were renters according to Census ACS data.
Manatee 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% |
| Manatee County FL | 22.95% | -3.03% | -7.49% |
Trends in the Manatee County FL Renter Fraction
The Manatee County household renter fraction peaked in in 2015 at 31.09% and is now 8.14% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Manatee County FL, Florida, US
History of Manatee County Renter Fraction
| Date | US | Florida | Manatee County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 22.95% |
| 2018 | 36.05% | 34.08% | 25.98% |
| 2017 | 36.13% | 34.85% | 26.02% |
| 2016 | 36.88% | 35.87% | 30.44% |
| 2015 | 36.97% | 36.22% | 31.09% |
| 2014 | 36.90% | 35.95% | 30.42% |
| 2013 | 36.50% | 35.21% | 28.21% |
| 2012 | 36.09% | 34.36% | 31.08% |
| 2011 | 35.42% | 33.28% | 30.07% |
| 2010 | 34.65% | 31.85% | 27.56% |
| 2009 | 34.13% | 31.52% | 27.61% |
| 2007 | 32.80% | 29.39% | 25.00% |
| 2005 | 33.10% | 30.43% | 27.17% |
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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