Pinellas County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Pinellas County FL was $1,182 in 2019 according to the Census ACS survey.1 Average gross rent in Pinellas County was $1,183 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 Pinellas County median and average rent data will be released in September of 2021.
Data is also available below for Pinellas County rental vacancy rates, Pinellas County rent as a percent of median income and the fraction of renters in Pinellas County.
Real Gross Rent in Pinellas 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% |
| Pinellas County FL Median Gross Rent | $1,182 | +3.78% | +14.20% |
Pinellas County FL Real Gross Rent Trends
At $1,182, real median gross rent in Pinellas County was at its highest level in 2019 since the series began in 2005. At $1,183, real average gross rent in Pinellas County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Pinellas County FL Median, Pinellas County FL Average, Florida Median, US Median
Real Gross Rent History for Pinellas County
| Date | US Median |
Florida Median |
Pinellas County FL Median |
Pinellas County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,182 | $1,183 |
| 2018 | $1,077 | $1,203 | $1,139 | $1,153 |
| 2017 | $1,043 | $1,163 | $1,094 | $1,138 |
| 2016 | $1,027 | $1,137 | $1,035 | $1,082 |
| 2015 | $1,017 | $1,110 | $1,033 | $1,082 |
| 2014 | $986 | $1,059 | $1,018 | $1,046 |
| 2013 | $953 | $1,024 | $975 | $1,008 |
| 2012 | $940 | $1,015 | $946 | $1,014 |
| 2011 | $941 | $1,025 | $989 | $1,038 |
| 2010 | $955 | $1,058 | $1,030 | $1,063 |
| 2009 | $960 | $1,085 | $1,042 | $1,080 |
| 2007 | $927 | $1,087 | $981 | $1,042 |
| 2005 | $910 | $1,011 | $951 | $988 |
Pinellas 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 Pinellas County Florida was 8.75% according to Census ACS data.
Rental Vacancy Rate in Pinellas County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Pinellas County FL | 8.75% | -0.34% | +3.03% |
Trends in Pinellas County FL Rental Vacancy Rate
The rental vacancy rate in Pinellas County peaked in 2009 at 14.07%. Since then it has fallen by 5.32% to 8.75%. Data records for this series originated in 2005. From a 2016 post peak low of 5.72%, the rental vacancy rate has increased by 3.03%.
Rental Vacancy Rate: Pinellas County FL, Florida, US
Historical Rental Vacancy Rate data for Pinellas County
| Date | US | Florida | Pinellas County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 8.75% |
| 2018 | 6.15% | 8.52% | 9.09% |
| 2017 | 6.18% | 9.16% | 9.63% |
| 2016 | 5.89% | 8.30% | 5.72% |
| 2015 | 5.85% | 7.79% | 7.38% |
| 2014 | 6.32% | 8.66% | 7.42% |
| 2013 | 6.49% | 9.22% | 8.48% |
| 2012 | 6.77% | 9.37% | 7.18% |
| 2011 | 7.40% | 10.91% | 12.15% |
| 2010 | 8.17% | 12.17% | 10.59% |
| 2009 | 8.43% | 13.16% | 14.07% |
| 2007 | 7.87% | 11.55% | 8.51% |
| 2005 | 7.74% | 7.72% | 9.10% |
Rent as a Fraction of Income
Using median household income data for Pinellas County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pinellas County, median monthly gross rent as a fraction of median household income was 25.00% in 2019 according to the ACS.
Pinellas 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% |
| Pinellas County FL | 25.00% | -0.73% | +1.30% |
Trends in Pinellas County FL Rent as a Fraction of Income
The fraction of median Pinellas County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 25.96%. Since then it has fallen by 0.96% to 25.00%.
Fraction of Income towards Rent: Pinellas County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Pinellas County Florida
| Date | US | Florida | Pinellas County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 25.00% |
| 2018 | 20.50% | 25.57% | 25.73% |
| 2017 | 20.13% | 25.74% | 24.72% |
| 2016 | 20.43% | 25.62% | 23.69% |
| 2015 | 20.63% | 25.40% | 24.55% |
| 2014 | 20.89% | 25.36% | 25.62% |
| 2013 | 20.78% | 25.34% | 25.43% |
| 2012 | 20.65% | 25.42% | 23.75% |
| 2011 | 20.70% | 25.71% | 25.65% |
| 2010 | 20.50% | 25.59% | 25.96% |
| 2009 | 20.12% | 25.54% | 25.37% |
| 2007 | 18.66% | 23.22% | 22.62% |
| 2005 | 18.89% | 22.88% | 22.44% |
Renter Fraction in Pinellas County Florida
You can calculate the renter fraction in Pinellas 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 Pinellas County as a fraction of total Pinellas County households. In 2019 31.06% of households were renters according to Census ACS data.
Pinellas 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% |
| Pinellas County FL | 31.06% | -2.09% | -3.83% |
Trends in the Pinellas County FL Renter Fraction
The Pinellas County household renter fraction peaked in in 2014 at 37.29% and is now 6.23% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Pinellas County FL, Florida, US
History of Pinellas County Renter Fraction
| Date | US | Florida | Pinellas County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 31.06% |
| 2018 | 36.05% | 34.08% | 33.15% |
| 2017 | 36.13% | 34.85% | 32.83% |
| 2016 | 36.88% | 35.87% | 34.89% |
| 2015 | 36.97% | 36.22% | 35.48% |
| 2014 | 36.90% | 35.95% | 37.29% |
| 2013 | 36.50% | 35.21% | 35.64% |
| 2012 | 36.09% | 34.36% | 35.67% |
| 2011 | 35.42% | 33.28% | 33.52% |
| 2010 | 34.65% | 31.85% | 32.12% |
| 2009 | 34.13% | 31.52% | 31.08% |
| 2007 | 32.80% | 29.39% | 29.01% |
| 2005 | 33.10% | 30.43% | 28.93% |
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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