Port St Lucie Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Port St Lucie, FL (the Port St Lucie metro area) was $1,198 in 2019 according to the Census ACS survey.1 Average gross rent in Port St Lucie was $1,169 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 Port St Lucie median and average rent data will be released in September of 2021.
Data is also available below for Port St Lucie rental vacancy rates, Port St Lucie rent as a percent of median income and the fraction of renters in Port St Lucie.
Real Gross Rent in Port St Lucie 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% |
| Port St Lucie, FL Median Gross Rent | $1,198 | -6.19% | +4.54% |
Port St Lucie, FL Real Gross Rent Trends
Median gross rent for Port St Lucie peaked in real terms in 2018 at $1,277 and is now $79 (6.19%) lower. Average gross rent for Port St Lucie peaked in real terms in 2018 at $1,277 and is now $108 (8.46%) lower.
Real Gross Rent in Port St Lucie: Port St Lucie FL Median, Port St Lucie FL Average, Florida Median, US Median
Real Gross Rent History for Port St Lucie
| Date | US Median |
Florida Median |
Port St Lucie, FL Median |
Port St Lucie, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,198 | $1,169 |
| 2018 | $1,077 | $1,203 | $1,277 | $1,277 |
| 2017 | $1,043 | $1,163 | $1,193 | $1,199 |
| 2016 | $1,027 | $1,137 | $1,146 | $1,121 |
| 2015 | $1,017 | $1,110 | $1,058 | $1,071 |
| 2014 | $986 | $1,059 | $1,109 | $1,111 |
| 2013 | $953 | $1,024 | $997 | $959 |
| 2012 | $940 | $1,015 | $986 | $985 |
| 2011 | $941 | $1,025 | $982 | $941 |
| 2010 | $955 | $1,058 | $1,015 | $1,035 |
| 2009 | $960 | $1,085 | $1,167 | $1,145 |
| 2007 | $927 | $1,087 | $1,224 | $1,210 |
| 2005 | $910 | $1,011 | $1,096 | $1,090 |
Port St Lucie 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 Port St Lucie Florida was 11.35% according to Census ACS data.
Rental Vacancy Rate in Port St Lucie Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Port St Lucie, FL | 11.35% | +4.10% | +1.57% |
Trends in Port St Lucie, FL Rental Vacancy Rate
The rental vacancy rate in Port St Lucie peaked in 2008 at 22.26%. Since then it has fallen by 10.91% to 11.35%. Data records for this series originated in 2005. From a 2018 post peak low of 7.25%, the rental vacancy rate has increased by 4.10%.
Rental Vacancy Rate: Port St Lucie FL, Florida, US
Historical Rental Vacancy Rate data for Port St Lucie
| Date | US | Florida | Port St Lucie, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 11.35% |
| 2018 | 6.15% | 8.52% | 7.25% |
| 2017 | 6.18% | 9.16% | 12.46% |
| 2016 | 5.89% | 8.30% | 9.78% |
| 2015 | 5.85% | 7.79% | 7.42% |
| 2014 | 6.32% | 8.66% | 9.35% |
| 2013 | 6.49% | 9.22% | 7.98% |
| 2012 | 6.77% | 9.37% | 11.77% |
| 2011 | 7.40% | 10.91% | 12.23% |
| 2010 | 8.17% | 12.17% | 10.48% |
| 2009 | 8.43% | 13.16% | 17.66% |
| 2007 | 7.87% | 11.55% | 13.83% |
| 2005 | 7.74% | 7.72% | 7.45% |
Rent as a Fraction of Income
Using median household income data for Port St Lucie, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Port St Lucie, median monthly gross rent as a fraction of median household income was 22.96% in 2019 according to the ACS.
Port St Lucie 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% |
| Port St Lucie, FL | 22.96% | -4.05% | -3.97% |
Trends in Port St Lucie, FL Rent as a Fraction of Income
The fraction of median Port St Lucie household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 27.02%. Since then it has fallen by 4.05% to 22.96%.
Fraction of Income towards Rent: Port St Lucie FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Port St Lucie Florida
| Date | US | Florida | Port St Lucie, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.96% |
| 2018 | 20.50% | 25.57% | 27.01% |
| 2017 | 20.13% | 25.74% | 27.02% |
| 2016 | 20.43% | 25.62% | 26.93% |
| 2015 | 20.63% | 25.40% | 24.92% |
| 2014 | 20.89% | 25.36% | 26.54% |
| 2013 | 20.78% | 25.34% | 25.07% |
| 2012 | 20.65% | 25.42% | 26.29% |
| 2011 | 20.70% | 25.71% | 24.49% |
| 2010 | 20.50% | 25.59% | 26.35% |
| 2009 | 20.12% | 25.54% | 26.61% |
| 2007 | 18.66% | 23.22% | 25.17% |
| 2005 | 18.89% | 22.88% | 24.08% |
Renter Fraction in Port St Lucie Florida
You can calculate the renter fraction in Port St Lucie 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 Port St Lucie as a fraction of total Port St Lucie households. In 2019 23.21% of households were renters according to Census ACS data.
Port St Lucie 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% |
| Port St Lucie, FL | 23.21% | -1.01% | -4.28% |
Trends in the Port St Lucie, FL Renter Fraction
The Port St Lucie household renter fraction peaked in in 2013 at 29.66% and is now 6.45% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Port St Lucie FL, Florida, US
History of Port St Lucie Renter Fraction
| Date | US | Florida | Port St Lucie, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 23.21% |
| 2018 | 36.05% | 34.08% | 24.22% |
| 2017 | 36.13% | 34.85% | 26.60% |
| 2016 | 36.88% | 35.87% | 27.49% |
| 2015 | 36.97% | 36.22% | 27.06% |
| 2014 | 36.90% | 35.95% | 24.43% |
| 2013 | 36.50% | 35.21% | 29.66% |
| 2012 | 36.09% | 34.36% | 27.58% |
| 2011 | 35.42% | 33.28% | 24.07% |
| 2010 | 34.65% | 31.85% | 24.37% |
| 2009 | 34.13% | 31.52% | 23.88% |
| 2007 | 32.80% | 29.39% | 23.88% |
| 2005 | 33.10% | 30.43% | 24.01% |
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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