Department of Numbers

Clay County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Clay County FL was $1,144 in 2017 according to the Census ACS survey.1 Average gross rent in Clay County was $1,082 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Clay County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Clay County Florida (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Florida Median Gross Rent $1,128 +2.27% +9.83%
Clay County FL Median Gross Rent $1,144 +11.07% +8.13%

Clay County FL Real Gross Rent Trends

At $1,144, real median gross rent in Clay County was at its highest level in 2017 since the series began in 2005. Average gross rent for Clay County peaked in real terms in 2010 at $1,099 and is now $17 (1.55%) lower. From a recent low of 990.0 in 2012, real average gross rent has now increased by $92 (9.29%).

Real Gross Rent: Clay County FL Median, Clay County FL Average, Florida Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Clay County

Date US
Median
Florida
Median
Clay County FL
Median
Clay County FL
Average
2017 $1,012 $1,128 $1,144 $1,082
2016 $996 $1,103 $1,030 $1,010
2015 $987 $1,076 $1,005 $1,019
2014 $956 $1,027 $1,058 $1,030
2013 $924 $993 $1,032 $998
2012 $912 $984 $994 $990
2011 $912 $994 $1,016 $1,039
2010 $927 $1,026 $1,057 $1,099
2009 $931 $1,052 $1,022 $1,000
2008 $947 $1,088 $1,099 $1,096
2007 $899 $1,054 $1,041 $1,056
2006 $909 $1,038 $1,063 $1,041

Clay County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Clay County Florida was 3.51% according to Census ACS data.

Rental Vacancy Rate in Clay County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Clay County FL 3.51% -3.67%

Trends in Clay County FL Rental Vacancy Rate

The rental vacancy rate in Clay County peaked in 2012 at 9.45%. Since then it has fallen by 5.94% to 3.51%. Data records for this series originated in 2005.

Rental Vacancy Rate: Clay County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Clay County

Date US Florida Clay County FL
2017 6.18% 9.16% 3.51%
2016 5.89% 8.30%
2015 5.85% 7.79% 2.77%
2014 6.32% 8.66% 7.18%
2013 6.49% 9.22% 3.69%
2012 6.77% 9.37% 9.45%
2011 7.40% 10.91% 5.14%
2010 8.17% 12.17% 6.21%
2009 8.43% 13.16% 1.43%
2008 7.86% 12.67% 9.25%
2007 7.87% 11.55% 7.67%
2006 7.70% 8.32% 6.66%

Rent as a Fraction of Income

Using median household income data for Clay County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clay County, median monthly gross rent as a fraction of median household income was 21.04% in 2017 according to the ACS.

Clay County Florida Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Florida 25.74% +0.11% +0.38%
Clay County FL 21.04% -0.57% -0.28%

Trends in Clay County FL Rent as a Fraction of Income

The fraction of median Clay County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 21.61%. Since then it has fallen by 0.57% to 21.04%.

Fraction of Income towards Rent: Clay County FL, Florida, US

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

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

Date US Florida Clay County FL
2017 20.13% 25.74% 21.04%
2016 20.43% 25.62% 21.61%
2015 20.63% 25.40% 19.98%
2014 20.89% 25.36% 21.32%
2013 20.78% 25.34% 20.98%
2012 20.65% 25.42% 21.08%
2011 20.70% 25.71% 21.40%
2010 20.50% 25.59% 20.08%
2009 20.12% 25.54% 19.21%
2008 19.00% 23.79% 18.79%
2007 18.66% 23.22% 18.73%
2006 18.90% 23.00% 17.73%

Renter Fraction in Clay County Florida

You can calculate the renter fraction in Clay 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 Clay County as a fraction of total Clay County households. In 2017 24.22% of households were renters according to Census ACS data.

Clay County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Florida 34.85% -1.02% -1.10%
Clay County FL 24.22% -0.37% -2.67%

Trends in the Clay County FL Renter Fraction

The Clay County household renter fraction peaked in in 2015 at 28.99% and is now 4.77% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Clay County FL, Florida, US

Fraction of renters in Clay County

History of Clay County Renter Fraction

Date US Florida Clay County FL
2017 36.13% 34.85% 24.22%
2016 36.88% 35.87% 24.59%
2015 36.97% 36.22% 28.99%
2014 36.90% 35.95% 26.89%
2013 36.50% 35.21% 24.84%
2012 36.09% 34.36% 25.91%
2011 35.42% 33.28% 23.22%
2010 34.65% 31.85% 25.79%
2009 34.13% 31.52% 21.58%
2008 33.36% 30.33% 22.76%
2007 32.80% 29.39% 21.12%
2006 32.73% 29.72% 20.11%

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.