Osceola County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Osceola County FL was $1,317 in 2019 according to the Census ACS survey.1 Average gross rent in Osceola County was $1,268 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 Osceola County median and average rent data will be released in September of 2021.
Data is also available below for Osceola County rental vacancy rates, Osceola County rent as a percent of median income and the fraction of renters in Osceola County.
Real Gross Rent in Osceola 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% |
| Osceola County FL Median Gross Rent | $1,317 | -0.15% | +13.14% |
Osceola County FL Real Gross Rent Trends
Median gross rent for Osceola County peaked in real terms in 2018 at $1,319 and is now $2 (0.15%) lower. At $1,268, real average gross rent in Osceola County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Osceola County FL Median, Osceola County FL Average, Florida Median, US Median
Real Gross Rent History for Osceola County
| Date | US Median |
Florida Median |
Osceola County FL Median |
Osceola County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,317 | $1,268 |
| 2018 | $1,077 | $1,203 | $1,319 | $1,241 |
| 2017 | $1,043 | $1,163 | $1,220 | $1,209 |
| 2016 | $1,027 | $1,137 | $1,164 | $1,206 |
| 2015 | $1,017 | $1,110 | $1,176 | $1,165 |
| 2014 | $986 | $1,059 | $1,113 | $1,111 |
| 2013 | $953 | $1,024 | $1,050 | $1,073 |
| 2012 | $940 | $1,015 | $1,045 | $1,071 |
| 2011 | $941 | $1,025 | $1,052 | $1,060 |
| 2010 | $955 | $1,058 | $1,079 | $1,086 |
| 2009 | $960 | $1,085 | $1,182 | $1,193 |
| 2007 | $927 | $1,087 | $1,222 | $1,228 |
| 2005 | $910 | $1,011 | $1,108 | $1,156 |
Osceola 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 Osceola County Florida was 8.11% according to Census ACS data.
Rental Vacancy Rate in Osceola County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Osceola County FL | 8.11% | +0.91% | +1.96% |
Trends in Osceola County FL Rental Vacancy Rate
The rental vacancy rate in Osceola County peaked in 2010 at 16.45%. Since then it has fallen by 8.34% to 8.11%. Data records for this series originated in 2005. From a 2014 post peak low of 4.67%, the rental vacancy rate has increased by 3.44%.
Rental Vacancy Rate: Osceola County FL, Florida, US
Historical Rental Vacancy Rate data for Osceola County
| Date | US | Florida | Osceola County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 8.11% |
| 2018 | 6.15% | 8.52% | 7.20% |
| 2017 | 6.18% | 9.16% | 7.21% |
| 2016 | 5.89% | 8.30% | 6.15% |
| 2015 | 5.85% | 7.79% | 4.82% |
| 2014 | 6.32% | 8.66% | 4.67% |
| 2013 | 6.49% | 9.22% | 7.15% |
| 2012 | 6.77% | 9.37% | 7.36% |
| 2011 | 7.40% | 10.91% | 6.74% |
| 2010 | 8.17% | 12.17% | 16.45% |
| 2009 | 8.43% | 13.16% | 15.14% |
| 2007 | 7.87% | 11.55% | 11.73% |
| 2005 | 7.74% | 7.72% | 11.95% |
Rent as a Fraction of Income
Using median household income data for Osceola County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Osceola County, median monthly gross rent as a fraction of median household income was 30.53% in 2019 according to the ACS.
Osceola 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% |
| Osceola County FL | 30.53% | -0.23% | +4.59% |
Trends in Osceola County FL Rent as a Fraction of Income
The fraction of median Osceola County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 30.77%. Since then it has fallen by 0.23% to 30.53%.
Fraction of Income towards Rent: Osceola County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Osceola County Florida
| Date | US | Florida | Osceola County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 30.53% |
| 2018 | 20.50% | 25.57% | 30.77% |
| 2017 | 20.13% | 25.74% | 28.53% |
| 2016 | 20.43% | 25.62% | 25.94% |
| 2015 | 20.63% | 25.40% | 29.41% |
| 2014 | 20.89% | 25.36% | 29.48% |
| 2013 | 20.78% | 25.34% | 28.93% |
| 2012 | 20.65% | 25.42% | 27.46% |
| 2011 | 20.70% | 25.71% | 28.48% |
| 2010 | 20.50% | 25.59% | 27.33% |
| 2009 | 20.12% | 25.54% | 29.11% |
| 2007 | 18.66% | 23.22% | 25.82% |
| 2005 | 18.89% | 22.88% | 25.91% |
Renter Fraction in Osceola County Florida
You can calculate the renter fraction in Osceola 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 Osceola County as a fraction of total Osceola County households. In 2019 37.78% of households were renters according to Census ACS data.
Osceola 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% |
| Osceola County FL | 37.78% | +1.67% | -2.55% |
Trends in the Osceola County FL Renter Fraction
The Osceola County household renter fraction peaked in in 2015 at 41.52% and is now 3.74% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Osceola County FL, Florida, US
History of Osceola County Renter Fraction
| Date | US | Florida | Osceola County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 37.78% |
| 2018 | 36.05% | 34.08% | 36.11% |
| 2017 | 36.13% | 34.85% | 36.17% |
| 2016 | 36.88% | 35.87% | 40.33% |
| 2015 | 36.97% | 36.22% | 41.52% |
| 2014 | 36.90% | 35.95% | 39.04% |
| 2013 | 36.50% | 35.21% | 37.97% |
| 2012 | 36.09% | 34.36% | 38.83% |
| 2011 | 35.42% | 33.28% | 39.28% |
| 2010 | 34.65% | 31.85% | 35.04% |
| 2009 | 34.13% | 31.52% | 32.32% |
| 2007 | 32.80% | 29.39% | 34.05% |
| 2005 | 33.10% | 30.43% | 31.40% |
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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