Department of Numbers

Highlands County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Highlands County FL was $782 in 2017 according to the Census ACS survey.1 Average gross rent in Highlands County was $718 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 Highlands County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Highlands 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%
Highlands County FL Median Gross Rent $782 -1.01% +18.48%

Highlands County FL Real Gross Rent Trends

Median gross rent for Highlands County peaked in real terms in 2007 at $801 and is now $19 (2.37%) lower. From a recent low of 660.0 in 2014, real median gross rent has now increased by $122 (18.48%). Average gross rent for Highlands County peaked in real terms in 2007 at $830 and is now $112 (13.49%) lower. From a recent low of 646.0 in 2014, real average gross rent has now increased by $72 (11.15%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Highlands County

Date US
Median
Florida
Median
Highlands County FL
Median
Highlands County FL
Average
2017 $1,012 $1,128 $782 $718
2016 $996 $1,103 $790 $750
2015 $987 $1,076 $774 $730
2014 $956 $1,027 $660 $646
2013 $924 $993 $684 $654
2012 $912 $984 $794 $776
2011 $912 $994 $721 $705
2010 $927 $1,026 $777 $717
2009 $931 $1,052 $787 $776
2008 $947 $1,088 $791 $779
2007 $899 $1,054 $801 $830
2006 $909 $1,038 $772 $800

Highlands 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 Highlands County Florida was 9.41% according to Census ACS data.

Rental Vacancy Rate in Highlands County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Highlands County FL 9.41% -4.29% -5.06%

Trends in Highlands County FL Rental Vacancy Rate

The rental vacancy rate in Highlands County peaked in 2013 at 22.45%. Since then it has fallen by 13.04% to 9.41%. Data records for this series originated in 2005.

Rental Vacancy Rate: Highlands County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Highlands County

Date US Florida Highlands County FL
2017 6.18% 9.16% 9.41%
2016 5.89% 8.30% 13.70%
2015 5.85% 7.79% 10.79%
2014 6.32% 8.66% 14.47%
2013 6.49% 9.22% 22.45%
2012 6.77% 9.37% 17.63%
2011 7.40% 10.91% 11.53%
2010 8.17% 12.17% 13.10%
2009 8.43% 13.16% 12.07%
2008 7.86% 12.67% 20.72%
2007 7.87% 11.55% 5.48%
2006 7.70% 8.32% 6.59%

Rent as a Fraction of Income

Using median household income data for Highlands County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Highlands County, median monthly gross rent as a fraction of median household income was 26.40% in 2017 according to the ACS.

Highlands 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%
Highlands County FL 26.40% +0.82% +4.97%

Trends in Highlands County FL Rent as a Fraction of Income

The fraction of median Highlands County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 26.60%. Since then it has fallen by 0.20% to 26.40%. From a 2014 low of 21.43%, the fraction of income going to rent has increased by 4.97%.

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

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

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

Date US Florida Highlands County FL
2017 20.13% 25.74% 26.40%
2016 20.43% 25.62% 25.59%
2015 20.63% 25.40% 26.35%
2014 20.89% 25.36% 21.43%
2013 20.78% 25.34% 23.78%
2012 20.65% 25.42% 26.60%
2011 20.70% 25.71% 24.53%
2010 20.50% 25.59% 24.90%
2009 20.12% 25.54% 25.72%
2008 19.00% 23.79% 25.86%
2007 18.66% 23.22% 25.53%
2006 18.90% 23.00% 23.64%

Renter Fraction in Highlands County Florida

You can calculate the renter fraction in Highlands 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 Highlands County as a fraction of total Highlands County households. In 2017 28.68% of households were renters according to Census ACS data.

Highlands 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%
Highlands County FL 28.68% +2.04% +5.03%

Trends in the Highlands County FL Renter Fraction

At 28.68%, the 2017 household based renter fraction in Highlands County was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Highlands County

History of Highlands County Renter Fraction

Date US Florida Highlands County FL
2017 36.13% 34.85% 28.68%
2016 36.88% 35.87% 26.64%
2015 36.97% 36.22% 25.06%
2014 36.90% 35.95% 23.65%
2013 36.50% 35.21% 24.08%
2012 36.09% 34.36% 24.07%
2011 35.42% 33.28% 20.29%
2010 34.65% 31.85% 22.83%
2009 34.13% 31.52% 17.84%
2008 33.36% 30.33% 22.72%
2007 32.80% 29.39% 23.36%
2006 32.73% 29.72% 19.04%

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.