Sumter County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Sumter County FL was $1,185 in 2019 according to the Census ACS survey.1 Average gross rent in Sumter County was $1,372 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 Sumter County median and average rent data will be released in September of 2021.
Data is also available below for Sumter County rental vacancy rates, Sumter County rent as a percent of median income and the fraction of renters in Sumter County.
Real Gross Rent in Sumter 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% |
| Sumter County FL Median Gross Rent | $1,185 | +27.69% | +21.29% |
Sumter County FL Real Gross Rent Trends
At $1,185, real median gross rent in Sumter County was at its highest level in 2019 since the series began in 2007. At $1,372, real average gross rent in Sumter County was at its highest level in 2019 since the series began in 2007.
Real Gross Rent: Sumter County FL Median, Sumter County FL Average, Florida Median, US Median
Real Gross Rent History for Sumter County
| Date | US Median |
Florida Median |
Sumter County FL Median |
Sumter County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,185 | $1,372 |
| 2018 | $1,077 | $1,203 | $928 | $975 |
| 2017 | $1,043 | $1,163 | $829 | $717 |
| 2016 | $1,027 | $1,137 | $977 | $978 |
| 2015 | $1,017 | $1,110 | $856 | $1,026 |
| 2014 | $986 | $1,059 | $772 | $759 |
| 2013 | $953 | $1,024 | $889 | $967 |
| 2012 | $940 | $1,015 | $801 | $786 |
| 2011 | $941 | $1,025 | — | — |
| 2010 | $955 | $1,058 | — | — |
| 2009 | $960 | $1,085 | $944 | $903 |
| 2007 | $927 | $1,087 | $744 | $751 |
| 2005 | $910 | $1,011 | — | — |
Sumter 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 Sumter County Florida was 17.86% according to Census ACS data.
Rental Vacancy Rate in Sumter County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Sumter County FL | 17.86% | — | +10.66% |
Trends in Sumter County FL Rental Vacancy Rate
The rental vacancy rate in Sumter County peaked in 2017 at 46.59%. Since then it has fallen by 28.73% to 17.86%. Data records for this series originated in 2007.
Rental Vacancy Rate: Sumter County FL, Florida, US
Historical Rental Vacancy Rate data for Sumter County
| Date | US | Florida | Sumter County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 17.86% |
| 2018 | 6.15% | 8.52% | — |
| 2017 | 6.18% | 9.16% | 46.59% |
| 2016 | 5.89% | 8.30% | 7.20% |
| 2015 | 5.85% | 7.79% | 13.58% |
| 2014 | 6.32% | 8.66% | 17.49% |
| 2013 | 6.49% | 9.22% | 11.09% |
| 2012 | 6.77% | 9.37% | 34.49% |
| 2011 | 7.40% | 10.91% | — |
| 2010 | 8.17% | 12.17% | 20.50% |
| 2009 | 8.43% | 13.16% | 17.34% |
| 2007 | 7.87% | 11.55% | — |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for Sumter County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sumter County, median monthly gross rent as a fraction of median household income was 23.59% in 2019 according to the ACS.
Sumter 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% |
| Sumter County FL | 23.59% | +3.28% | +3.07% |
Trends in Sumter County FL Rent as a Fraction of Income
Sumter County renters paid 23.59% of median household income towards the median monthly gross rent in 2019. This is the highest fraction of median household income going to rent since the series originated in 2007.
Fraction of Income towards Rent: Sumter County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Sumter County Florida
| Date | US | Florida | Sumter County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 23.59% |
| 2018 | 20.50% | 25.57% | 20.31% |
| 2017 | 20.13% | 25.74% | 17.85% |
| 2016 | 20.43% | 25.62% | 20.52% |
| 2015 | 20.63% | 25.40% | 18.86% |
| 2014 | 20.89% | 25.36% | 17.22% |
| 2013 | 20.78% | 25.34% | 19.15% |
| 2012 | 20.65% | 25.42% | 20.00% |
| 2011 | 20.70% | 25.71% | 21.85% |
| 2010 | 20.50% | 25.59% | 20.02% |
| 2009 | 20.12% | 25.54% | 21.36% |
| 2007 | 18.66% | 23.22% | 18.08% |
| 2005 | 18.89% | 22.88% | — |
Renter Fraction in Sumter County Florida
You can calculate the renter fraction in Sumter 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 Sumter County as a fraction of total Sumter County households. In 2019 11.54% of households were renters according to Census ACS data.
Sumter 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% |
| Sumter County FL | 11.54% | -1.00% | +1.71% |
Trends in the Sumter County FL Renter Fraction
The Sumter County household renter fraction peaked in in 2008 at 27.03% and is now 15.49% below that level. From a recent low of 8.24% in 2017, the household based renter fraction has now grown by 3.30%. The origin year for the series is 2007.
Fraction of Renting Households: Sumter County FL, Florida, US
History of Sumter County Renter Fraction
| Date | US | Florida | Sumter County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 11.54% |
| 2018 | 36.05% | 34.08% | 12.54% |
| 2017 | 36.13% | 34.85% | 8.24% |
| 2016 | 36.88% | 35.87% | 9.83% |
| 2015 | 36.97% | 36.22% | 9.56% |
| 2014 | 36.90% | 35.95% | 10.84% |
| 2013 | 36.50% | 35.21% | 13.00% |
| 2012 | 36.09% | 34.36% | 10.92% |
| 2011 | 35.42% | 33.28% | 10.08% |
| 2010 | 34.65% | 31.85% | 9.37% |
| 2009 | 34.13% | 31.52% | 16.52% |
| 2007 | 32.80% | 29.39% | 23.77% |
| 2005 | 33.10% | 30.43% | — |
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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