Department of Numbers

Collier County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Collier County FL was $1,281 in 2017 according to the Census ACS survey.1 Average gross rent in Collier County was $1,319 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 Collier County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Collier 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%
Collier County FL Median Gross Rent $1,281 +2.56% +15.41%

Collier County FL Real Gross Rent Trends

At $1,281, real median gross rent in Collier County was at its highest level in 2017 since the series began in 2005. Average gross rent for Collier County peaked in real terms in 2008 at $1,355 and is now $36 (2.66%) lower. From a recent low of 1032.0 in 2011, real average gross rent has now increased by $287 (27.81%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Collier County

Date US
Median
Florida
Median
Collier County FL
Median
Collier County FL
Average
2017 $1,012 $1,128 $1,281 $1,319
2016 $996 $1,103 $1,249 $1,298
2015 $987 $1,076 $1,211 $1,256
2014 $956 $1,027 $1,110 $1,130
2013 $924 $993 $1,014 $1,095
2012 $912 $984 $1,064 $1,133
2011 $912 $994 $956 $1,032
2010 $927 $1,026 $1,021 $1,075
2009 $931 $1,052 $1,098 $1,160
2008 $947 $1,088 $1,269 $1,355
2007 $899 $1,054 $1,193 $1,199
2006 $909 $1,038 $1,210 $1,265

Collier 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 Collier County Florida was 10.85% according to Census ACS data.

Rental Vacancy Rate in Collier County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Collier County FL 10.85% +0.56% +0.04%

Trends in Collier County FL Rental Vacancy Rate

The rental vacancy rate in Collier County peaked in 2010 at 15.97%. Since then it has fallen by 5.12% to 10.85%. Data records for this series originated in 2005.

Rental Vacancy Rate: Collier County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Collier County

Date US Florida Collier County FL
2017 6.18% 9.16% 10.85%
2016 5.89% 8.30% 10.29%
2015 5.85% 7.79% 9.99%
2014 6.32% 8.66% 10.81%
2013 6.49% 9.22% 11.93%
2012 6.77% 9.37% 13.22%
2011 7.40% 10.91% 11.15%
2010 8.17% 12.17% 15.97%
2009 8.43% 13.16% 14.51%
2008 7.86% 12.67% 15.08%
2007 7.87% 11.55% 12.24%
2006 7.70% 8.32% 11.04%

Rent as a Fraction of Income

Using median household income data for Collier County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Collier County, median monthly gross rent as a fraction of median household income was 23.27% in 2017 according to the ACS.

Collier 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%
Collier County FL 23.27% -0.83% +0.86%

Trends in Collier County FL Rent as a Fraction of Income

The fraction of median Collier County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 24.11%. Since then it has fallen by 0.83% to 23.27%.

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

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

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

Date US Florida Collier County FL
2017 20.13% 25.74% 23.27%
2016 20.43% 25.62% 24.11%
2015 20.63% 25.40% 22.73%
2014 20.89% 25.36% 22.42%
2013 20.78% 25.34% 21.90%
2012 20.65% 25.42% 22.86%
2011 20.70% 25.71% 21.67%
2010 20.50% 25.59% 21.44%
2009 20.12% 25.54% 22.49%
2008 19.00% 23.79% 21.68%
2007 18.66% 23.22% 21.79%
2006 18.90% 23.00% 21.82%

Renter Fraction in Collier County Florida

You can calculate the renter fraction in Collier 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 Collier County as a fraction of total Collier County households. In 2017 26.73% of households were renters according to Census ACS data.

Collier 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%
Collier County FL 26.73% -0.79% -1.69%

Trends in the Collier County FL Renter Fraction

The Collier County household renter fraction peaked in in 2013 at 29.01% and is now 2.28% below that level. The origin year for the series is 2005.

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

Fraction of renters in Collier County

History of Collier County Renter Fraction

Date US Florida Collier County FL
2017 36.13% 34.85% 26.73%
2016 36.88% 35.87% 27.52%
2015 36.97% 36.22% 27.79%
2014 36.90% 35.95% 28.42%
2013 36.50% 35.21% 29.01%
2012 36.09% 34.36% 25.80%
2011 35.42% 33.28% 26.37%
2010 34.65% 31.85% 25.34%
2009 34.13% 31.52% 23.62%
2008 33.36% 30.33% 22.87%
2007 32.80% 29.39% 23.96%
2006 32.73% 29.72% 24.00%

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.