Department of Numbers

Jacksonville Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Jacksonville, FL (the Jacksonville metro area) was $1,007 in 2016 according to the Census ACS survey.1 Average gross rent in Jacksonville was $1,010 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Jacksonville median and average rent data will be released in September of 2018.

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

Show dollars as: Nominal Real

Real Gross Rent in Jacksonville Florida (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Florida Median Gross Rent $1,086 +2.45% +11.04%
Jacksonville, FL Median Gross Rent $1,007 0.00% +5.56%

Jacksonville, FL Real Gross Rent Trends

Median gross rent for Jacksonville peaked in real terms in 2015 at $1,007 and is now $0 (0.00%) lower. Average gross rent for Jacksonville peaked in real terms in 2015 at $1,022 and is now $12 (1.17%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Jacksonville

Date US
Median
Florida
Median
Jacksonville, FL
Median
Jacksonville, FL
Average
2016 $981 $1,086 $1,007 $1,010
2015 $972 $1,060 $1,007 $1,022
2014 $942 $1,011 $974 $989
2013 $910 $978 $954 $951
2012 $898 $969 $927 $942
2011 $898 $979 $970 $949
2010 $912 $1,011 $969 $989
2009 $916 $1,036 $983 $996
2008 $932 $1,071 $993 $1,007
2007 $885 $1,038 $955 $937
2006 $895 $1,023 $919 $892
2005 $869 $966 $915 $909

Jacksonville Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Jacksonville Florida was 7.91% according to Census ACS data.

Rental Vacancy Rate in Jacksonville Florida

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Florida 8.30% +0.51% -0.92%
Jacksonville, FL 7.91% +0.29% -0.15%

Trends in Jacksonville, FL Rental Vacancy Rate

The rental vacancy rate in Jacksonville peaked in 2009 at 14.09%. Since then it has fallen by 6.18% to 7.91%. Data records for this series originated in 2005. From a 2014 post peak low of 6.03%, the rental vacancy rate has increased by 1.88%.

Rental Vacancy Rate: Jacksonville FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Jacksonville

Date US Florida Jacksonville, FL
2016 5.89% 8.30% 7.91%
2015 5.85% 7.79% 7.62%
2014 6.32% 8.66% 6.03%
2013 6.49% 9.22% 8.06%
2012 6.77% 9.37% 9.12%
2011 7.40% 10.91% 10.10%
2010 8.17% 12.17% 12.09%
2009 8.43% 13.16% 14.09%
2008 7.86% 12.67% 13.76%
2007 7.87% 11.55% 11.99%
2006 7.70% 8.32% 9.56%
2005 7.74% 7.72% 9.93%

Rent as a Fraction of Income

Using median household income data for Jacksonville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Jacksonville, median monthly gross rent as a fraction of median household income was 21.26% in 2016 according to the ACS.

Jacksonville Florida Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Florida 25.62% +0.23% +0.29%
Jacksonville, FL 21.26% -1.15% -0.86%

Trends in Jacksonville, FL Rent as a Fraction of Income

The fraction of median Jacksonville household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 22.74%. Since then it has fallen by 1.48% to 21.26%.

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

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

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

Date US Florida Jacksonville, FL
2016 20.43% 25.62% 21.26%
2015 20.63% 25.40% 22.41%
2014 20.89% 25.36% 22.68%
2013 20.78% 25.34% 22.11%
2012 20.65% 25.42% 22.74%
2011 20.70% 25.71% 22.50%
2010 20.50% 25.59% 21.65%
2009 20.12% 25.54% 21.67%
2008 19.00% 23.79% 19.32%
2007 18.66% 23.22% 19.69%
2006 18.90% 23.00% 18.92%
2005 18.89% 22.88% 19.42%

Renter Fraction in Jacksonville Florida

You can calculate the renter fraction in Jacksonville 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 Jacksonville as a fraction of total Jacksonville households. In 2016 35.42% of households were renters according to Census ACS data.

Jacksonville Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Florida 35.87% -0.35% +0.66%
Jacksonville, FL 35.42% -1.34% +0.69%

Trends in the Jacksonville, FL Renter Fraction

The Jacksonville household renter fraction peaked in in 2014 at 37.83% and is now 2.41% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Jacksonville FL, Florida, US

Fraction of renters in Jacksonville

History of Jacksonville Renter Fraction

Date US Florida Jacksonville, FL
2016 36.88% 35.87% 35.42%
2015 36.97% 36.22% 36.76%
2014 36.90% 35.95% 37.83%
2013 36.50% 35.21% 34.73%
2012 36.09% 34.36% 35.00%
2011 35.42% 33.28% 32.56%
2010 34.65% 31.85% 33.18%
2009 34.13% 31.52% 32.16%
2008 33.36% 30.33% 31.88%
2007 32.80% 29.39% 31.00%
2006 32.73% 29.72% 32.09%
2005 33.10% 30.43% 31.74%

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.