Department of Numbers

Jacksonville North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Jacksonville, NC (the Jacksonville metro area) was $937 in 2015 according to the Census ACS survey.1 Average gross rent in Jacksonville was $941 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 Jacksonville median and average rent data will be released in September of 2017.

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

Show dollars as: Nominal Real

Real Gross Rent in Jacksonville North Carolina (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
North Carolina Median Gross Rent $827 +3.50% +9.10%
Jacksonville, NC Median Gross Rent $937 +3.31% +0.86%

Jacksonville, NC Real Gross Rent Trends

Median gross rent for Jacksonville peaked in real terms in 2010 at $988 and is now $51 (5.16%) lower. Average gross rent for Jacksonville peaked in real terms in 2010 at $944 and is now $3 (0.32%) lower.

Real Gross Rent in Jacksonville: Jacksonville NC Median, Jacksonville NC Average, North Carolina Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jacksonville

Date US
Median
North Carolina
Median
Jacksonville, NC
Median
Jacksonville, NC
Average
2015 $959 $827 $937 $941
2014 $930 $799 $907 $905
2013 $898 $772 $908 $865
2012 $886 $758 $929 $860
2011 $887 $759 $943 $920
2010 $901 $770 $988 $944
2009 $905 $774 $916 $844
2008 $920 $775 $857 $807
2007 $874 $751 $789 $728
2006 $883 $759 $759 $719
2005 $858 $748 $798 $655

Jacksonville 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 Jacksonville North Carolina was 10.26% according to Census ACS data.

Rental Vacancy Rate in Jacksonville North Carolina

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
North Carolina 7.02% -0.27% -0.98%
Jacksonville, NC 10.26% -1.84% +0.95%

Trends in Jacksonville, NC Rental Vacancy Rate

The rental vacancy rate in Jacksonville peaked in 2011 at 14.06%. Since then it has fallen by 3.80% to 10.26%. Data records for this series originated in 2005.

Rental Vacancy Rate: Jacksonville NC, North Carolina, US

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Jacksonville

Date US North Carolina Jacksonville, NC
2015 5.85% 7.02% 10.26%
2014 6.32% 7.29% 12.10%
2013 6.49% 7.46% 9.98%
2012 6.77% 8.00% 9.31%
2011 7.40% 9.31% 14.06%
2010 8.17% 9.97% 2.36%
2009 8.43% 10.10% 2.42%
2008 7.86% 9.58% 8.27%
2007 7.87% 9.26% 13.21%
2006 7.70% 9.98% 4.74%
2005 7.74% 9.99% 9.94%

Rent as a Fraction of Income

Using median household income data for Jacksonville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jacksonville, median monthly gross rent as a fraction of median household income was 24.53% in 2015 according to the ACS.

Jacksonville North Carolina Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
North Carolina 20.75% +0.05% +0.66%
Jacksonville, NC 24.53% +1.56% -0.58%

Trends in Jacksonville, NC Rent as a Fraction of Income

The fraction of median Jacksonville household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 26.94%. Since then it has fallen by 2.40% to 24.53%.

Fraction of Income towards Rent: Jacksonville NC, North Carolina, US

Percent of median household income going towards median monthly gross rent in Jacksonville North Carolina

Historical Data for Annual Rent as a Fraction of Income in Jacksonville North Carolina

Date US North Carolina Jacksonville, NC
2015 20.63% 20.75% 24.53%
2014 20.89% 20.70% 22.98%
2013 20.78% 20.34% 24.58%
2012 20.65% 20.09% 25.11%
2011 20.70% 20.36% 24.38%
2010 20.50% 20.25% 26.94%
2009 20.12% 19.78% 24.83%
2008 19.00% 17.89% 19.19%
2007 18.66% 18.21% 20.27%
2006 18.90% 18.47% 20.19%
2005 18.89% 18.71% 19.70%

Renter Fraction in Jacksonville North Carolina

You can calculate the renter fraction in Jacksonville 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 Jacksonville as a fraction of total Jacksonville households. In 2015 48.10% of households were renters according to Census ACS data.

Jacksonville Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
North Carolina 36.13% +0.38% +1.57%
Jacksonville, NC 48.10% +2.81% +1.87%

Trends in the Jacksonville, NC Renter Fraction

The Jacksonville household renter fraction peaked in in 2013 at 49.79% and is now 1.69% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Jacksonville NC, North Carolina, US

Fraction of renters in Jacksonville

History of Jacksonville Renter Fraction

Date US North Carolina Jacksonville, NC
2015 36.97% 36.13% 48.10%
2014 36.90% 35.75% 45.29%
2013 36.50% 35.74% 49.79%
2012 36.09% 34.56% 46.23%
2011 35.42% 33.49% 39.19%
2010 34.65% 32.83% 46.88%
2009 34.13% 32.81% 45.25%
2008 33.36% 31.82% 37.75%
2007 32.80% 31.70% 38.74%
2006 32.73% 31.94% 41.92%
2005 33.10% 31.81% 39.35%

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.