Department of Numbers

Manatee County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Manatee County FL was $1,134 in 2017 according to the Census ACS survey.1 Average gross rent in Manatee County was $1,162 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 Manatee County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Manatee 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%
Manatee County FL Median Gross Rent $1,134 +6.28% +13.63%

Manatee County FL Real Gross Rent Trends

At $1,134, real median gross rent in Manatee County was at its highest level in 2017 since the series began in 2005. At $1,162, real average gross rent in Manatee County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Manatee County

Date US
Median
Florida
Median
Manatee County FL
Median
Manatee County FL
Average
2017 $1,012 $1,128 $1,134 $1,162
2016 $996 $1,103 $1,067 $1,130
2015 $987 $1,076 $1,039 $1,118
2014 $956 $1,027 $998 $1,054
2013 $924 $993 $972 $1,024
2012 $912 $984 $917 $1,008
2011 $912 $994 $890 $951
2010 $927 $1,026 $937 $1,005
2009 $931 $1,052 $1,035 $1,049
2008 $947 $1,088 $1,041 $1,090
2007 $899 $1,054 $1,041 $1,080
2006 $909 $1,038 $1,068 $1,100

Manatee 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 Manatee County Florida was 10.91% according to Census ACS data.

Rental Vacancy Rate in Manatee County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Manatee County FL 10.91% +1.55% -0.18%

Trends in Manatee County FL Rental Vacancy Rate

The rental vacancy rate in Manatee County peaked in 2009 at 21.41%. Since then it has fallen by 10.50% to 10.91%. Data records for this series originated in 2005.

Rental Vacancy Rate: Manatee County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Manatee County

Date US Florida Manatee County FL
2017 6.18% 9.16% 10.91%
2016 5.89% 8.30% 9.36%
2015 5.85% 7.79% 11.93%
2014 6.32% 8.66% 11.09%
2013 6.49% 9.22% 7.98%
2012 6.77% 9.37% 12.18%
2011 7.40% 10.91% 15.46%
2010 8.17% 12.17% 19.40%
2009 8.43% 13.16% 21.41%
2008 7.86% 12.67% 14.56%
2007 7.87% 11.55% 18.71%
2006 7.70% 8.32% 7.05%

Rent as a Fraction of Income

Using median household income data for Manatee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Manatee County, median monthly gross rent as a fraction of median household income was 24.62% in 2017 according to the ACS.

Manatee 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%
Manatee County FL 24.62% +0.25% +2.14%

Trends in Manatee County FL Rent as a Fraction of Income

The fraction of median Manatee County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 24.73%. Since then it has fallen by 0.11% to 24.62%.

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

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

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

Date US Florida Manatee County FL
2017 20.13% 25.74% 24.62%
2016 20.43% 25.62% 24.37%
2015 20.63% 25.40% 23.84%
2014 20.89% 25.36% 22.49%
2013 20.78% 25.34% 23.65%
2012 20.65% 25.42% 22.47%
2011 20.70% 25.71% 23.59%
2010 20.50% 25.59% 23.18%
2009 20.12% 25.54% 24.73%
2008 19.00% 23.79% 23.58%
2007 18.66% 23.22% 22.39%
2006 18.90% 23.00% 23.78%

Renter Fraction in Manatee County Florida

You can calculate the renter fraction in Manatee 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 Manatee County as a fraction of total Manatee County households. In 2017 26.02% of households were renters according to Census ACS data.

Manatee 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%
Manatee County FL 26.02% -4.42% -4.40%

Trends in the Manatee County FL Renter Fraction

The Manatee County household renter fraction peaked in in 2015 at 31.09% and is now 5.07% below that level. The origin year for the series is 2005.

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

Fraction of renters in Manatee County

History of Manatee County Renter Fraction

Date US Florida Manatee County FL
2017 36.13% 34.85% 26.02%
2016 36.88% 35.87% 30.44%
2015 36.97% 36.22% 31.09%
2014 36.90% 35.95% 30.42%
2013 36.50% 35.21% 28.21%
2012 36.09% 34.36% 31.08%
2011 35.42% 33.28% 30.07%
2010 34.65% 31.85% 27.56%
2009 34.13% 31.52% 27.61%
2008 33.36% 30.33% 28.35%
2007 32.80% 29.39% 25.00%
2006 32.73% 29.72% 27.07%

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.