Department of Numbers

Deltona Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Deltona, FL (the Deltona-Daytona Beach-Ormond Beach metro area) was $958 in 2015 according to the Census ACS survey.1 Average gross rent in Deltona was $960 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Deltona median and average rent data will be released in September of 2017.

Data is also available below for Deltona rental vacancy rates, Deltona rent as a percent of median income and the fraction of renters in Deltona.

Show dollars as: Nominal Real

Real Gross Rent in Deltona Florida (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Florida Median Gross Rent $1,046 +4.81% +9.30%
Deltona, FL Median Gross Rent $958 +2.02% +10.11%

Deltona, FL Real Gross Rent Trends

Median gross rent for Deltona peaked in real terms in 2008 at $972 and is now $14 (1.44%) lower. From a recent low of 870.0 in 2012, real median gross rent has now increased by $88 (10.11%). Average gross rent for Deltona peaked in real terms in 2008 at $969 and is now $9 (0.93%) lower. From a recent low of 876.0 in 2012, real average gross rent has now increased by $84 (9.59%).

Real Gross Rent in Deltona: Deltona FL Median, Deltona FL Average, Florida Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Deltona

Date US
Median
Florida
Median
Deltona, FL
Median
Deltona, FL
Average
2015 $959 $1,046 $958 $960
2014 $930 $998 $939 $914
2013 $898 $965 $911 $905
2012 $886 $957 $870 $876
2011 $887 $966 $880 $892
2010 $901 $998 $923 $911
2009 $905 $1,023 $894 $893
2008 $920 $1,057 $972 $969
2007 $874 $1,024 $948 $937
2006 $883 $1,009 $963 $951
2005 $858 $953 $900 $878

Deltona Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Deltona Florida was 6.22% according to Census ACS data.

Rental Vacancy Rate in Deltona Florida

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Florida 7.79% -0.87% -1.58%
Deltona, FL 6.22% -1.75% -3.39%

Trends in Deltona, FL Rental Vacancy Rate

The rental vacancy rate in Deltona peaked in 2007 at 13.34%. Since then it has fallen by 7.12% to 6.22%. Data records for this series originated in 2005.

Rental Vacancy Rate: Deltona FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Deltona

Date US Florida Deltona, FL
2015 5.85% 7.79% 6.22%
2014 6.32% 8.66% 7.97%
2013 6.49% 9.22% 7.49%
2012 6.77% 9.37% 9.61%
2011 7.40% 10.91% 11.21%
2010 8.17% 12.17% 10.96%
2009 8.43% 13.16% 11.27%
2008 7.86% 12.67% 9.26%
2007 7.87% 11.55% 13.34%
2006 7.70% 8.32% 10.24%
2005 7.74% 7.72% 9.21%

Rent as a Fraction of Income

Using median household income data for Deltona, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Deltona, median monthly gross rent as a fraction of median household income was 26.56% in 2015 according to the ACS.

Deltona Florida Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Florida 25.40% +0.04% -0.02%
Deltona, FL 26.56% -0.11% +0.59%

Trends in Deltona, FL Rent as a Fraction of Income

The fraction of median Deltona household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 27.13%. Since then it has fallen by 0.57% to 26.56%.

Fraction of Income towards Rent: Deltona FL, Florida, US

Percent of median household income going towards median monthly gross rent in Deltona Florida

Historical Data for Annual Rent as a Fraction of Income in Deltona Florida

Date US Florida Deltona, FL
2015 20.63% 25.40% 26.56%
2014 20.89% 25.36% 26.67%
2013 20.78% 25.34% 26.51%
2012 20.65% 25.42% 25.97%
2011 20.70% 25.71% 27.13%
2010 20.50% 25.59% 25.30%
2009 20.12% 25.54% 24.08%
2008 19.00% 23.79% 22.65%
2007 18.66% 23.22% 24.30%
2006 18.90% 23.00% 24.42%
2005 18.89% 22.88% 23.84%

Renter Fraction in Deltona Florida

You can calculate the renter fraction in Deltona 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 Deltona as a fraction of total Deltona households. In 2015 29.61% of households were renters according to Census ACS data.

Deltona Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Florida 36.22% +0.27% +1.86%
Deltona, FL 29.61% +0.70% +0.04%

Trends in the Deltona, FL Renter Fraction

At 29.61%, the 2015 household based renter fraction in Deltona was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Deltona FL, Florida, US

Fraction of renters in Deltona

History of Deltona Renter Fraction

Date US Florida Deltona, FL
2015 36.97% 36.22% 29.61%
2014 36.90% 35.95% 28.91%
2013 36.50% 35.21% 29.17%
2012 36.09% 34.36% 29.57%
2011 35.42% 33.28% 27.52%
2010 34.65% 31.85% 25.28%
2009 34.13% 31.52% 26.18%
2008 33.36% 30.33% 23.53%
2007 32.80% 29.39% 23.98%
2006 32.73% 29.72% 24.54%
2005 33.10% 30.43% 25.55%

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.