Putnam County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Putnam County FL was $787 in 2019 according to the Census ACS survey.1 Average gross rent in Putnam County was $685 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 Putnam County median and average rent data will be released in September of 2021.
Data is also available below for Putnam County rental vacancy rates, Putnam County rent as a percent of median income and the fraction of renters in Putnam County.
Real Gross Rent in Putnam 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% |
| Putnam County FL Median Gross Rent | $787 | +5.07% | +1.16% |
Putnam County FL Real Gross Rent Trends
At $787, real median gross rent in Putnam County was at its highest level in 2019 since the series began in 2005. Average gross rent for Putnam County peaked in real terms in 2010 at $687 and is now $2 (0.29%) lower. From a recent low of 541.0 in 2015, real average gross rent has now increased by $144 (26.62%).
Real Gross Rent: Putnam County FL Median, Putnam County FL Average, Florida Median, US Median
Real Gross Rent History for Putnam County
| Date | US Median |
Florida Median |
Putnam County FL Median |
Putnam County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $787 | $685 |
| 2018 | $1,077 | $1,203 | $749 | $631 |
| 2017 | $1,043 | $1,163 | $657 | $597 |
| 2016 | $1,027 | $1,137 | $778 | $594 |
| 2015 | $1,017 | $1,110 | $699 | $541 |
| 2014 | $986 | $1,059 | $724 | $619 |
| 2013 | $953 | $1,024 | $626 | $638 |
| 2012 | $940 | $1,015 | $698 | $660 |
| 2011 | $941 | $1,025 | $773 | $636 |
| 2010 | $955 | $1,058 | $658 | $687 |
| 2009 | $960 | $1,085 | $653 | $639 |
| 2007 | $927 | $1,087 | $654 | $616 |
| 2005 | $910 | $1,011 | $640 | $585 |
Putnam County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Putnam County Florida was 11.72% according to Census ACS data.
Rental Vacancy Rate in Putnam County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Putnam County FL | — | — | — |
Trends in Putnam County FL Rental Vacancy Rate
At 11.72%, Putnam County residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Putnam County FL, Florida, US
Historical Rental Vacancy Rate data for Putnam County
| Date | US | Florida | Putnam County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | — |
| 2018 | 6.15% | 8.52% | 11.72% |
| 2017 | 6.18% | 9.16% | 2.88% |
| 2016 | 5.89% | 8.30% | — |
| 2015 | 5.85% | 7.79% | — |
| 2014 | 6.32% | 8.66% | 8.49% |
| 2013 | 6.49% | 9.22% | 8.88% |
| 2012 | 6.77% | 9.37% | 6.33% |
| 2011 | 7.40% | 10.91% | 3.70% |
| 2010 | 8.17% | 12.17% | 4.98% |
| 2009 | 8.43% | 13.16% | — |
| 2007 | 7.87% | 11.55% | 4.13% |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for Putnam County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Putnam County, median monthly gross rent as a fraction of median household income was 22.01% in 2019 according to the ACS.
Putnam 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% |
| Putnam County FL | 22.01% | +0.79% | -1.30% |
Trends in Putnam County FL Rent as a Fraction of Income
The fraction of median Putnam County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 28.23%. Since then it has fallen by 6.21% to 22.01%.
Fraction of Income towards Rent: Putnam County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Putnam County Florida
| Date | US | Florida | Putnam County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.01% |
| 2018 | 20.50% | 25.57% | 21.23% |
| 2017 | 20.13% | 25.74% | 22.62% |
| 2016 | 20.43% | 25.62% | 23.32% |
| 2015 | 20.63% | 25.40% | 25.12% |
| 2014 | 20.89% | 25.36% | 26.76% |
| 2013 | 20.78% | 25.34% | 22.07% |
| 2012 | 20.65% | 25.42% | 23.14% |
| 2011 | 20.70% | 25.71% | 28.23% |
| 2010 | 20.50% | 25.59% | 20.89% |
| 2009 | 20.12% | 25.54% | 22.71% |
| 2007 | 18.66% | 23.22% | 20.49% |
| 2005 | 18.89% | 22.88% | 19.65% |
Renter Fraction in Putnam County Florida
You can calculate the renter fraction in Putnam 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 Putnam County as a fraction of total Putnam County households. In 2019 34.24% of households were renters according to Census ACS data.
Putnam 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% |
| Putnam County FL | 34.24% | +11.70% | +6.75% |
Trends in the Putnam County FL Renter Fraction
At 34.24%, the 2019 household based renter fraction in Putnam County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Putnam County FL, Florida, US
History of Putnam County Renter Fraction
| Date | US | Florida | Putnam County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 34.24% |
| 2018 | 36.05% | 34.08% | 22.54% |
| 2017 | 36.13% | 34.85% | 29.60% |
| 2016 | 36.88% | 35.87% | 27.49% |
| 2015 | 36.97% | 36.22% | 30.43% |
| 2014 | 36.90% | 35.95% | 26.50% |
| 2013 | 36.50% | 35.21% | 23.78% |
| 2012 | 36.09% | 34.36% | 27.30% |
| 2011 | 35.42% | 33.28% | 25.60% |
| 2010 | 34.65% | 31.85% | 21.43% |
| 2009 | 34.13% | 31.52% | 25.74% |
| 2007 | 32.80% | 29.39% | 22.80% |
| 2005 | 33.10% | 30.43% | 25.20% |
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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