Department of Numbers

Nassau County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Nassau County FL was $1,061 in 2017 according to the Census ACS survey.1 Average gross rent in Nassau County was $1,037 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 Nassau County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Nassau 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%
Nassau County FL Median Gross Rent $1,061 -11.21% -3.46%

Nassau County FL Real Gross Rent Trends

Median gross rent for Nassau County peaked in real terms in 2016 at $1,195 and is now $134 (11.21%) lower. Average gross rent for Nassau County peaked in real terms in 2016 at $1,167 and is now $130 (11.14%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Nassau County

Date US
Median
Florida
Median
Nassau County FL
Median
Nassau County FL
Average
2017 $1,012 $1,128 $1,061 $1,037
2016 $996 $1,103 $1,195 $1,167
2015 $987 $1,076 $996 $1,019
2014 $956 $1,027 $1,099 $1,016
2013 $924 $993 $1,042 $1,055
2012 $912 $984 $965 $955
2011 $912 $994 $1,125 $961
2010 $927 $1,026 $934 $819
2009 $931 $1,052 $968 $962
2008 $947 $1,088 $987 $1,029
2007 $899 $1,054 $943 $872
2006 $909 $1,038 $919 $857

Nassau County 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 Nassau County Florida was 5.45% according to Census ACS data.

Rental Vacancy Rate in Nassau County Florida

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

Trends in Nassau County FL Rental Vacancy Rate

The rental vacancy rate in Nassau County peaked in 2008 at 21.58%. Since then it has fallen by 16.13% to 5.45%. Data records for this series originated in 2006.

Rental Vacancy Rate: Nassau County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Nassau County

Date US Florida Nassau County FL
2017 6.18% 9.16%
2016 5.89% 8.30% 5.45%
2015 5.85% 7.79% 6.10%
2014 6.32% 8.66%
2013 6.49% 9.22% 8.61%
2012 6.77% 9.37%
2011 7.40% 10.91% 16.22%
2010 8.17% 12.17% 20.78%
2009 8.43% 13.16% 11.05%
2008 7.86% 12.67% 21.58%
2007 7.87% 11.55% 9.08%
2006 7.70% 8.32% 11.41%

Rent as a Fraction of Income

Using median household income data for Nassau County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Nassau County, median monthly gross rent as a fraction of median household income was 17.81% in 2017 according to the ACS.

Nassau 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%
Nassau County FL 17.81% -1.94% -6.83%

Trends in Nassau County FL Rent as a Fraction of Income

The fraction of median Nassau County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2006 series origin) at 24.64%. Since then it has fallen by 6.83% to 17.81%.

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

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

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

Date US Florida Nassau County FL
2017 20.13% 25.74% 17.81%
2016 20.43% 25.62% 19.75%
2015 20.63% 25.40% 22.34%
2014 20.89% 25.36% 24.64%
2013 20.78% 25.34% 22.53%
2012 20.65% 25.42% 21.08%
2011 20.70% 25.71% 24.56%
2010 20.50% 25.59% 17.03%
2009 20.12% 25.54% 21.10%
2008 19.00% 23.79% 17.29%
2007 18.66% 23.22% 17.75%
2006 18.90% 23.00% 16.57%

Renter Fraction in Nassau County Florida

You can calculate the renter fraction in Nassau 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 Nassau County as a fraction of total Nassau County households. In 2017 17.61% of households were renters according to Census ACS data.

Nassau 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%
Nassau County FL 17.61% -0.86% -6.56%

Trends in the Nassau County FL Renter Fraction

The Nassau County household renter fraction peaked in in 2012 at 26.25% and is now 8.64% below that level. The origin year for the series is 2006.

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

Fraction of renters in Nassau County

History of Nassau County Renter Fraction

Date US Florida Nassau County FL
2017 36.13% 34.85% 17.61%
2016 36.88% 35.87% 18.47%
2015 36.97% 36.22% 25.64%
2014 36.90% 35.95% 24.17%
2013 36.50% 35.21% 26.17%
2012 36.09% 34.36% 26.25%
2011 35.42% 33.28% 17.97%
2010 34.65% 31.85% 18.15%
2009 34.13% 31.52% 21.11%
2008 33.36% 30.33% 20.35%
2007 32.80% 29.39% 25.52%
2006 32.73% 29.72% 18.96%

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.