North Port Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in North Port, FL (the North Port-Bradenton-Sarasota metro area) was $1,284 in 2019 according to the Census ACS survey.1 Average gross rent in North Port was $1,294 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 North Port median and average rent data will be released in September of 2021.
Data is also available below for North Port rental vacancy rates, North Port rent as a percent of median income and the fraction of renters in North Port.
Real Gross Rent in North Port 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% |
| North Port, FL Median Gross Rent | $1,284 | -0.47% | +10.40% |
North Port, FL Real Gross Rent Trends
Median gross rent for North Port peaked in real terms in 2018 at $1,290 and is now $6 (0.47%) lower. Average gross rent for North Port peaked in real terms in 2018 at $1,321 and is now $27 (2.04%) lower.
Real Gross Rent in North Port: North Port FL Median, North Port FL Average, Florida Median, US Median
Real Gross Rent History for North Port
| Date | US Median |
Florida Median |
North Port, FL Median |
North Port, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,284 | $1,294 |
| 2018 | $1,077 | $1,203 | $1,290 | $1,321 |
| 2017 | $1,043 | $1,163 | $1,207 | $1,232 |
| 2016 | $1,027 | $1,137 | $1,163 | $1,227 |
| 2015 | $1,017 | $1,110 | $1,120 | $1,198 |
| 2014 | $986 | $1,059 | $1,063 | $1,120 |
| 2013 | $953 | $1,024 | $1,009 | $1,069 |
| 2012 | $940 | $1,015 | $996 | $1,047 |
| 2011 | $941 | $1,025 | $989 | $1,060 |
| 2010 | $955 | $1,058 | $1,020 | $1,057 |
| 2009 | $960 | $1,085 | — | — |
| 2007 | $927 | $1,087 | — | — |
| 2005 | $910 | $1,011 | — | — |
North Port 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 North Port Florida was 18.80% according to Census ACS data.
Rental Vacancy Rate in North Port Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| North Port, FL | 18.80% | +6.96% | +8.75% |
Trends in North Port, FL Rental Vacancy Rate
At 18.80%, North Port residential rental vacancy rate in 2019 is at the highest point since 2010, the beginning of our reporting for this series.
Rental Vacancy Rate: North Port FL, Florida, US
Historical Rental Vacancy Rate data for North Port
| Date | US | Florida | North Port, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 18.80% |
| 2018 | 6.15% | 8.52% | 11.84% |
| 2017 | 6.18% | 9.16% | 13.32% |
| 2016 | 5.89% | 8.30% | 10.05% |
| 2015 | 5.85% | 7.79% | 9.86% |
| 2014 | 6.32% | 8.66% | 9.58% |
| 2013 | 6.49% | 9.22% | 8.44% |
| 2012 | 6.77% | 9.37% | 9.29% |
| 2011 | 7.40% | 10.91% | 13.10% |
| 2010 | 8.17% | 12.17% | 15.72% |
| 2009 | 8.43% | 13.16% | — |
| 2007 | 7.87% | 11.55% | — |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for North Port, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For North Port, median monthly gross rent as a fraction of median household income was 23.51% in 2019 according to the ACS.
North Port 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% |
| North Port, FL | 23.51% | -1.44% | -1.35% |
Trends in North Port, FL Rent as a Fraction of Income
The fraction of median North Port household income required to pay median monthly gross rent peaked in 2018 (relative to the 2010 series origin) at 24.96%. Since then it has fallen by 1.44% to 23.51%.
Fraction of Income towards Rent: North Port FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in North Port Florida
| Date | US | Florida | North Port, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 23.51% |
| 2018 | 20.50% | 25.57% | 24.96% |
| 2017 | 20.13% | 25.74% | 24.73% |
| 2016 | 20.43% | 25.62% | 24.86% |
| 2015 | 20.63% | 25.40% | 23.60% |
| 2014 | 20.89% | 25.36% | 23.20% |
| 2013 | 20.78% | 25.34% | 23.81% |
| 2012 | 20.65% | 25.42% | 23.49% |
| 2011 | 20.70% | 25.71% | 24.13% |
| 2010 | 20.50% | 25.59% | 24.19% |
| 2009 | 20.12% | 25.54% | — |
| 2007 | 18.66% | 23.22% | — |
| 2005 | 18.89% | 22.88% | — |
Renter Fraction in North Port Florida
You can calculate the renter fraction in North Port 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 North Port as a fraction of total North Port households. In 2019 23.37% of households were renters according to Census ACS data.
North Port 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% |
| North Port, FL | 23.37% | -2.17% | -3.31% |
Trends in the North Port, FL Renter Fraction
The North Port household renter fraction peaked in in 2014 at 29.87% and is now 6.50% below that level. The origin year for the series is 2010.
Fraction of Renting Households: North Port FL, Florida, US
History of North Port Renter Fraction
| Date | US | Florida | North Port, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 23.37% |
| 2018 | 36.05% | 34.08% | 25.54% |
| 2017 | 36.13% | 34.85% | 25.64% |
| 2016 | 36.88% | 35.87% | 26.68% |
| 2015 | 36.97% | 36.22% | 29.45% |
| 2014 | 36.90% | 35.95% | 29.87% |
| 2013 | 36.50% | 35.21% | 27.16% |
| 2012 | 36.09% | 34.36% | 28.20% |
| 2011 | 35.42% | 33.28% | 28.23% |
| 2010 | 34.65% | 31.85% | 25.93% |
| 2009 | 34.13% | 31.52% | — |
| 2007 | 32.80% | 29.39% | — |
| 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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