Department of Numbers

Flagler County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Flagler County FL was $1,179 in 2017 according to the Census ACS survey.1 Average gross rent in Flagler County was $1,176 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 Flagler County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Flagler 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%
Flagler County FL Median Gross Rent $1,179 +1.11% +9.17%

Flagler County FL Real Gross Rent Trends

Median gross rent for Flagler County peaked in real terms in 2007 at $1,200 and is now $21 (1.75%) lower. From a recent low of 969.0 in 2012, real median gross rent has now increased by $210 (21.67%). Average gross rent for Flagler County peaked in real terms in 2007 at $1,206 and is now $30 (2.49%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Flagler County

Date US
Median
Florida
Median
Flagler County FL
Median
Flagler County FL
Average
2017 $1,012 $1,128 $1,179 $1,176
2016 $996 $1,103 $1,166 $1,110
2015 $987 $1,076 $1,136 $1,075
2014 $956 $1,027 $1,080 $937
2013 $924 $993 $1,022 $1,048
2012 $912 $984 $969 $976
2011 $912 $994
2010 $927 $1,026 $1,084 $1,061
2009 $931 $1,052 $1,179 $1,090
2008 $947 $1,088 $1,154 $1,148
2007 $899 $1,054 $1,200 $1,206
2006 $909 $1,038 $1,059 $844

Flagler 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 Flagler County Florida was 3.52% according to Census ACS data.

Rental Vacancy Rate in Flagler County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Flagler County FL 3.52% -1.57%

Trends in Flagler County FL Rental Vacancy Rate

The rental vacancy rate in Flagler County peaked in 2005 at 14.93%. Since then it has fallen by 11.41% to 3.52%. Data records for this series originated in 2005. From a 2009 post peak low of 3.10%, the rental vacancy rate has increased by 0.42%.

Rental Vacancy Rate: Flagler County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Flagler County

Date US Florida Flagler County FL
2017 6.18% 9.16% 3.52%
2016 5.89% 8.30%
2015 5.85% 7.79% 4.38%
2014 6.32% 8.66% 5.09%
2013 6.49% 9.22%
2012 6.77% 9.37%
2011 7.40% 10.91%
2010 8.17% 12.17% 6.90%
2009 8.43% 13.16% 3.10%
2008 7.86% 12.67%
2007 7.87% 11.55% 8.93%
2006 7.70% 8.32% 5.65%

Rent as a Fraction of Income

Using median household income data for Flagler County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Flagler County, median monthly gross rent as a fraction of median household income was 28.49% in 2017 according to the ACS.

Flagler 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%
Flagler County FL 28.49% +0.60% +3.97%

Trends in Flagler County FL Rent as a Fraction of Income

The fraction of median Flagler County household income required to pay median monthly gross rent peaked in 2007 (relative to the 2005 series origin) at 30.21%. Since then it has fallen by 1.71% to 28.49%.

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

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

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

Date US Florida Flagler County FL
2017 20.13% 25.74% 28.49%
2016 20.43% 25.62% 27.89%
2015 20.63% 25.40% 27.11%
2014 20.89% 25.36% 24.52%
2013 20.78% 25.34% 26.08%
2012 20.65% 25.42% 26.29%
2011 20.70% 25.71% 27.62%
2010 20.50% 25.59% 27.28%
2009 20.12% 25.54% 25.52%
2008 19.00% 23.79% 25.87%
2007 18.66% 23.22% 30.21%
2006 18.90% 23.00% 23.99%

Renter Fraction in Flagler County Florida

You can calculate the renter fraction in Flagler 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 Flagler County as a fraction of total Flagler County households. In 2017 24.09% of households were renters according to Census ACS data.

Flagler 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%
Flagler County FL 24.09% -2.06% +0.49%

Trends in the Flagler County FL Renter Fraction

The Flagler County household renter fraction peaked in in 2015 at 26.93% and is now 2.84% below that level. The origin year for the series is 2005.

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

Fraction of renters in Flagler County

History of Flagler County Renter Fraction

Date US Florida Flagler County FL
2017 36.13% 34.85% 24.09%
2016 36.88% 35.87% 26.15%
2015 36.97% 36.22% 26.93%
2014 36.90% 35.95% 23.60%
2013 36.50% 35.21% 16.67%
2012 36.09% 34.36% 24.09%
2011 35.42% 33.28% 24.03%
2010 34.65% 31.85% 18.54%
2009 34.13% 31.52% 21.09%
2008 33.36% 30.33% 23.09%
2007 32.80% 29.39% 20.88%
2006 32.73% 29.72% 22.76%

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.