Seminole County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Seminole County FL was $1,317 in 2019 according to the Census ACS survey.1 Average gross rent in Seminole County was $1,343 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 Seminole County median and average rent data will be released in September of 2021.
Data is also available below for Seminole County rental vacancy rates, Seminole County rent as a percent of median income and the fraction of renters in Seminole County.
Real Gross Rent in Seminole 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% |
| Seminole County FL Median Gross Rent | $1,317 | +4.03% | +9.39% |
Seminole County FL Real Gross Rent Trends
At $1,317, real median gross rent in Seminole County was at its highest level in 2019 since the series began in 2005. At $1,343, real average gross rent in Seminole County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Seminole County FL Median, Seminole County FL Average, Florida Median, US Median
Real Gross Rent History for Seminole County
| Date | US Median |
Florida Median |
Seminole County FL Median |
Seminole County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,317 | $1,343 |
| 2018 | $1,077 | $1,203 | $1,266 | $1,290 |
| 2017 | $1,043 | $1,163 | $1,239 | $1,252 |
| 2016 | $1,027 | $1,137 | $1,204 | $1,217 |
| 2015 | $1,017 | $1,110 | $1,186 | $1,214 |
| 2014 | $986 | $1,059 | $1,119 | $1,113 |
| 2013 | $953 | $1,024 | $1,085 | $1,083 |
| 2012 | $940 | $1,015 | $1,061 | $1,071 |
| 2011 | $941 | $1,025 | $1,107 | $1,152 |
| 2010 | $955 | $1,058 | $1,079 | $1,081 |
| 2009 | $960 | $1,085 | $1,129 | $1,140 |
| 2007 | $927 | $1,087 | $1,205 | $1,196 |
| 2005 | $910 | $1,011 | $1,093 | $1,131 |
Seminole 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 Seminole County Florida was 6.04% according to Census ACS data.
Rental Vacancy Rate in Seminole County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Seminole County FL | 6.04% | +2.58% | -4.70% |
Trends in Seminole County FL Rental Vacancy Rate
The rental vacancy rate in Seminole County peaked in 2010 at 15.34%. Since then it has fallen by 9.30% to 6.04%. Data records for this series originated in 2005. From a 2018 post peak low of 3.46%, the rental vacancy rate has increased by 2.58%.
Rental Vacancy Rate: Seminole County FL, Florida, US
Historical Rental Vacancy Rate data for Seminole County
| Date | US | Florida | Seminole County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 6.04% |
| 2018 | 6.15% | 8.52% | 3.46% |
| 2017 | 6.18% | 9.16% | 8.56% |
| 2016 | 5.89% | 8.30% | 10.74% |
| 2015 | 5.85% | 7.79% | 12.34% |
| 2014 | 6.32% | 8.66% | 14.12% |
| 2013 | 6.49% | 9.22% | 12.76% |
| 2012 | 6.77% | 9.37% | 9.13% |
| 2011 | 7.40% | 10.91% | 12.76% |
| 2010 | 8.17% | 12.17% | 15.34% |
| 2009 | 8.43% | 13.16% | 10.14% |
| 2007 | 7.87% | 11.55% | 11.28% |
| 2005 | 7.74% | 7.72% | 5.79% |
Rent as a Fraction of Income
Using median household income data for Seminole County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Seminole County, median monthly gross rent as a fraction of median household income was 22.52% in 2019 according to the ACS.
Seminole 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% |
| Seminole County FL | 22.52% | +0.39% | +0.01% |
Trends in Seminole County FL Rent as a Fraction of Income
The fraction of median Seminole County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.51%. Since then it has fallen by 0.99% to 22.52%.
Fraction of Income towards Rent: Seminole County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Seminole County Florida
| Date | US | Florida | Seminole County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.52% |
| 2018 | 20.50% | 25.57% | 22.13% |
| 2017 | 20.13% | 25.74% | 22.52% |
| 2016 | 20.43% | 25.62% | 22.51% |
| 2015 | 20.63% | 25.40% | 23.51% |
| 2014 | 20.89% | 25.36% | 22.58% |
| 2013 | 20.78% | 25.34% | 22.45% |
| 2012 | 20.65% | 25.42% | 21.76% |
| 2011 | 20.70% | 25.71% | 22.52% |
| 2010 | 20.50% | 25.59% | 20.05% |
| 2009 | 20.12% | 25.54% | 21.13% |
| 2007 | 18.66% | 23.22% | 21.98% |
| 2005 | 18.89% | 22.88% | 20.05% |
Renter Fraction in Seminole County Florida
You can calculate the renter fraction in Seminole 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 Seminole County as a fraction of total Seminole County households. In 2019 35.39% of households were renters according to Census ACS data.
Seminole 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% |
| Seminole County FL | 35.39% | -0.30% | -0.39% |
Trends in the Seminole County FL Renter Fraction
The Seminole County household renter fraction peaked in in 2015 at 35.83% and is now 0.44% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Seminole County FL, Florida, US
History of Seminole County Renter Fraction
| Date | US | Florida | Seminole County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 35.39% |
| 2018 | 36.05% | 34.08% | 35.69% |
| 2017 | 36.13% | 34.85% | 35.24% |
| 2016 | 36.88% | 35.87% | 35.78% |
| 2015 | 36.97% | 36.22% | 35.83% |
| 2014 | 36.90% | 35.95% | 32.09% |
| 2013 | 36.50% | 35.21% | 31.53% |
| 2012 | 36.09% | 34.36% | 32.27% |
| 2011 | 35.42% | 33.28% | 30.11% |
| 2010 | 34.65% | 31.85% | 26.29% |
| 2009 | 34.13% | 31.52% | 27.94% |
| 2007 | 32.80% | 29.39% | 29.01% |
| 2005 | 33.10% | 30.43% | 31.39% |
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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