Department of Numbers

Duval County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Duval County FL was $995 in 2017 according to the Census ACS survey.1 Average gross rent in Duval County was $986 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 Duval County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Duval 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%
Duval County FL Median Gross Rent $995 -0.20% +2.90%

Duval County FL Real Gross Rent Trends

Median gross rent for Duval County peaked in real terms in 2015 at $1,003 and is now $8 (0.80%) lower. Average gross rent for Duval County peaked in real terms in 2015 at $1,016 and is now $30 (2.95%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Duval County

Date US
Median
Florida
Median
Duval County FL
Median
Duval County FL
Average
2017 $1,012 $1,128 $995 $986
2016 $996 $1,103 $997 $994
2015 $987 $1,076 $1,003 $1,016
2014 $956 $1,027 $967 $979
2013 $924 $993 $945 $941
2012 $912 $984 $921 $938
2011 $912 $994 $957 $940
2010 $927 $1,026 $963 $975
2009 $931 $1,052 $989 $1,005
2008 $947 $1,088 $992 $995
2007 $899 $1,054 $953 $927
2006 $909 $1,038 $906 $874

Duval 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 Duval County Florida was 6.26% according to Census ACS data.

Rental Vacancy Rate in Duval County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Duval County FL 6.26% -2.71% +0.61%

Trends in Duval County FL Rental Vacancy Rate

The rental vacancy rate in Duval County peaked in 2009 at 15.79%. Since then it has fallen by 9.53% to 6.26%. Data records for this series originated in 2005. From a 2014 post peak low of 5.65%, the rental vacancy rate has increased by 0.61%.

Rental Vacancy Rate: Duval County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Duval County

Date US Florida Duval County FL
2017 6.18% 9.16% 6.26%
2016 5.89% 8.30% 8.97%
2015 5.85% 7.79% 7.90%
2014 6.32% 8.66% 5.65%
2013 6.49% 9.22% 8.78%
2012 6.77% 9.37% 9.65%
2011 7.40% 10.91% 10.91%
2010 8.17% 12.17% 12.39%
2009 8.43% 13.16% 15.79%
2008 7.86% 12.67% 13.15%
2007 7.87% 11.55% 11.95%
2006 7.70% 8.32% 9.51%

Rent as a Fraction of Income

Using median household income data for Duval County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Duval County, median monthly gross rent as a fraction of median household income was 22.93% in 2017 according to the ACS.

Duval 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%
Duval County FL 22.93% +0.26% -1.81%

Trends in Duval County FL Rent as a Fraction of Income

The fraction of median Duval County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.74%. Since then it has fallen by 1.81% to 22.93%.

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

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

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

Date US Florida Duval County FL
2017 20.13% 25.74% 22.93%
2016 20.43% 25.62% 22.67%
2015 20.63% 25.40% 23.61%
2014 20.89% 25.36% 24.74%
2013 20.78% 25.34% 23.17%
2012 20.65% 25.42% 24.66%
2011 20.70% 25.71% 23.87%
2010 20.50% 25.59% 23.15%
2009 20.12% 25.54% 22.84%
2008 19.00% 23.79% 20.45%
2007 18.66% 23.22% 20.38%
2006 18.90% 23.00% 19.96%

Renter Fraction in Duval County Florida

You can calculate the renter fraction in Duval 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 Duval County as a fraction of total Duval County households. In 2017 44.40% of households were renters according to Census ACS data.

Duval 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%
Duval County FL 44.40% +1.61% +0.38%

Trends in the Duval County FL Renter Fraction

At 44.40%, the 2017 household based renter fraction in Duval County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Duval County

History of Duval County Renter Fraction

Date US Florida Duval County FL
2017 36.13% 34.85% 44.40%
2016 36.88% 35.87% 42.79%
2015 36.97% 36.22% 43.12%
2014 36.90% 35.95% 44.02%
2013 36.50% 35.21% 40.53%
2012 36.09% 34.36% 40.54%
2011 35.42% 33.28% 37.69%
2010 34.65% 31.85% 38.12%
2009 34.13% 31.52% 37.78%
2008 33.36% 30.33% 36.36%
2007 32.80% 29.39% 35.10%
2006 32.73% 29.72% 36.56%

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.