Department of Numbers

Crestview Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Crestview, FL (the Crestview-Fort Walton Beach-Destin metro area) was $1,037 in 2017 according to the Census ACS survey.1 Average gross rent in Crestview was $1,036 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 Crestview median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Crestview 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%
Crestview, FL Median Gross Rent $1,037 +2.07% +0.48%

Crestview, FL Real Gross Rent Trends

Median gross rent for Crestview peaked in real terms in 2010 at $1,074 and is now $37 (3.45%) lower. From a recent low of 983.0 in 2011, real median gross rent has now increased by $54 (5.49%). Average gross rent for Crestview peaked in real terms in 2015 at $1,058 and is now $22 (2.08%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Crestview

Date US
Median
Florida
Median
Crestview, FL
Median
Crestview, FL
Average
2017 $1,012 $1,128 $1,037 $1,036
2016 $996 $1,103 $1,016 $998
2015 $987 $1,076 $1,071 $1,058
2014 $956 $1,027 $1,032 $1,041
2013 $924 $993 $987 $954
2012 $912 $984 $1,016 $996
2011 $912 $994 $983 $945
2010 $927 $1,026 $1,074 $1,008
2009 $931 $1,052
2008 $947 $1,088
2007 $899 $1,054
2006 $909 $1,038

Crestview 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 Crestview Florida was 18.50% according to Census ACS data.

Rental Vacancy Rate in Crestview Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Crestview, FL 18.50% -0.86% +11.22%

Trends in Crestview, FL Rental Vacancy Rate

The rental vacancy rate in Crestview peaked in 2011 at 23.01%. Since then it has fallen by 4.51% to 18.50%. Data records for this series originated in 2010. From a 2013 post peak low of 6.15%, the rental vacancy rate has increased by 12.35%.

Rental Vacancy Rate: Crestview FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Crestview

Date US Florida Crestview, FL
2017 6.18% 9.16% 18.50%
2016 5.89% 8.30% 19.36%
2015 5.85% 7.79% 6.79%
2014 6.32% 8.66% 7.28%
2013 6.49% 9.22% 6.15%
2012 6.77% 9.37% 10.76%
2011 7.40% 10.91% 23.01%
2010 8.17% 12.17% 21.80%
2009 8.43% 13.16%
2008 7.86% 12.67%
2007 7.87% 11.55%
2006 7.70% 8.32%

Rent as a Fraction of Income

Using median household income data for Crestview, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Crestview, median monthly gross rent as a fraction of median household income was 20.87% in 2017 according to the ACS.

Crestview 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%
Crestview, FL 20.87% +0.40% -1.66%

Trends in Crestview, FL Rent as a Fraction of Income

The fraction of median Crestview household income required to pay median monthly gross rent peaked in 2015 (relative to the 2010 series origin) at 23.35%. Since then it has fallen by 2.48% to 20.87%. From a 2016 low of 20.47%, the fraction of income going to rent has increased by 0.40%.

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

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

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

Date US Florida Crestview, FL
2017 20.13% 25.74% 20.87%
2016 20.43% 25.62% 20.47%
2015 20.63% 25.40% 23.35%
2014 20.89% 25.36% 22.53%
2013 20.78% 25.34% 21.87%
2012 20.65% 25.42% 22.39%
2011 20.70% 25.71% 22.90%
2010 20.50% 25.59% 23.08%
2009 20.12% 25.54%
2008 19.00% 23.79%
2007 18.66% 23.22%
2006 18.90% 23.00%

Renter Fraction in Crestview Florida

You can calculate the renter fraction in Crestview 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 Crestview as a fraction of total Crestview households. In 2017 34.20% of households were renters according to Census ACS data.

Crestview 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%
Crestview, FL 34.20% -0.38% -0.43%

Trends in the Crestview, FL Renter Fraction

The Crestview household renter fraction peaked in in 2012 at 37.79% and is now 3.59% below that level. The origin year for the series is 2010.

Fraction of Renting Households: Crestview FL, Florida, US

Fraction of renters in Crestview

History of Crestview Renter Fraction

Date US Florida Crestview, FL
2017 36.13% 34.85% 34.20%
2016 36.88% 35.87% 34.58%
2015 36.97% 36.22% 37.07%
2014 36.90% 35.95% 34.63%
2013 36.50% 35.21% 34.80%
2012 36.09% 34.36% 37.79%
2011 35.42% 33.28% 33.18%
2010 34.65% 31.85% 33.18%
2009 34.13% 31.52%
2008 33.36% 30.33%
2007 32.80% 29.39%
2006 32.73% 29.72%

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.