Nassau County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Nassau County FL was $1,065 in 2019 according to the Census ACS survey.1 Average gross rent in Nassau County was $1,081 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 Nassau County median and average rent data will be released in September of 2021.
Data is also available below for Nassau County rental vacancy rates, Nassau County rent as a percent of median income and the fraction of renters in Nassau County.
Real Gross Rent in Nassau 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% |
| Nassau County FL Median Gross Rent | $1,065 | +13.30% | -13.56% |
Nassau County FL Real Gross Rent Trends
Median gross rent for Nassau County peaked in real terms in 2016 at $1,232 and is now $167 (13.56%) lower. From a recent low of 940.0 in 2018, real median gross rent has now increased by $125 (13.30%). Average gross rent for Nassau County peaked in real terms in 2016 at $1,203 and is now $122 (10.14%) lower.
Real Gross Rent: Nassau County FL Median, Nassau County FL Average, Florida Median, US Median
Real Gross Rent History for Nassau County
| Date | US Median |
Florida Median |
Nassau County FL Median |
Nassau County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,065 | $1,081 |
| 2018 | $1,077 | $1,203 | $940 | $897 |
| 2017 | $1,043 | $1,163 | $1,094 | $1,069 |
| 2016 | $1,027 | $1,137 | $1,232 | $1,203 |
| 2015 | $1,017 | $1,110 | $1,027 | $1,050 |
| 2014 | $986 | $1,059 | $1,133 | $1,047 |
| 2013 | $953 | $1,024 | $1,074 | $1,088 |
| 2012 | $940 | $1,015 | $995 | $985 |
| 2011 | $941 | $1,025 | $1,160 | $990 |
| 2010 | $955 | $1,058 | $963 | $845 |
| 2009 | $960 | $1,085 | $998 | $992 |
| 2007 | $927 | $1,087 | $973 | $899 |
| 2005 | $910 | $1,011 | — | — |
Nassau County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Nassau County Florida was 5.45% according to Census ACS data.
Rental Vacancy Rate in Nassau County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Nassau County FL | — | — | — |
Trends in Nassau County FL Rental Vacancy Rate
The rental vacancy rate in Nassau County peaked in 2008 at 21.58%. Since then it has fallen by 16.13% to 5.45%. Data records for this series originated in 2006.
Rental Vacancy Rate: Nassau County FL, Florida, US
Historical Rental Vacancy Rate data for Nassau County
| Date | US | Florida | Nassau County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | — |
| 2018 | 6.15% | 8.52% | — |
| 2017 | 6.18% | 9.16% | — |
| 2016 | 5.89% | 8.30% | 5.45% |
| 2015 | 5.85% | 7.79% | 6.10% |
| 2014 | 6.32% | 8.66% | — |
| 2013 | 6.49% | 9.22% | 8.61% |
| 2012 | 6.77% | 9.37% | — |
| 2011 | 7.40% | 10.91% | 16.22% |
| 2010 | 8.17% | 12.17% | 20.78% |
| 2009 | 8.43% | 13.16% | 11.05% |
| 2007 | 7.87% | 11.55% | 9.08% |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for Nassau County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nassau County, median monthly gross rent as a fraction of median household income was 18.02% in 2019 according to the ACS.
Nassau 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% |
| Nassau County FL | 18.02% | +0.69% | -1.73% |
Trends in Nassau County FL Rent as a Fraction of Income
The fraction of median Nassau County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2006 series origin) at 24.64%. Since then it has fallen by 6.63% to 18.02%.
Fraction of Income towards Rent: Nassau County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Nassau County Florida
| Date | US | Florida | Nassau County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 18.02% |
| 2018 | 20.50% | 25.57% | 17.33% |
| 2017 | 20.13% | 25.74% | 17.81% |
| 2016 | 20.43% | 25.62% | 19.75% |
| 2015 | 20.63% | 25.40% | 22.34% |
| 2014 | 20.89% | 25.36% | 24.64% |
| 2013 | 20.78% | 25.34% | 22.53% |
| 2012 | 20.65% | 25.42% | 21.08% |
| 2011 | 20.70% | 25.71% | 24.56% |
| 2010 | 20.50% | 25.59% | 17.03% |
| 2009 | 20.12% | 25.54% | 21.10% |
| 2007 | 18.66% | 23.22% | 17.75% |
| 2005 | 18.89% | 22.88% | — |
Renter Fraction in Nassau County Florida
You can calculate the renter fraction in Nassau 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 Nassau County as a fraction of total Nassau County households. In 2019 18.02% of households were renters according to Census ACS data.
Nassau 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% |
| Nassau County FL | 18.02% | -2.83% | -0.45% |
Trends in the Nassau County FL Renter Fraction
The Nassau County household renter fraction peaked in in 2012 at 26.25% and is now 8.23% below that level. From a recent low of 17.61% in 2017, the household based renter fraction has now grown by 0.41%. The origin year for the series is 2006.
Fraction of Renting Households: Nassau County FL, Florida, US
History of Nassau County Renter Fraction
| Date | US | Florida | Nassau County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 18.02% |
| 2018 | 36.05% | 34.08% | 20.85% |
| 2017 | 36.13% | 34.85% | 17.61% |
| 2016 | 36.88% | 35.87% | 18.47% |
| 2015 | 36.97% | 36.22% | 25.64% |
| 2014 | 36.90% | 35.95% | 24.17% |
| 2013 | 36.50% | 35.21% | 26.17% |
| 2012 | 36.09% | 34.36% | 26.25% |
| 2011 | 35.42% | 33.28% | 17.97% |
| 2010 | 34.65% | 31.85% | 18.15% |
| 2009 | 34.13% | 31.52% | 21.11% |
| 2007 | 32.80% | 29.39% | 25.52% |
| 2005 | 33.10% | 30.43% | — |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Florida
- / Nassau County
