Department of Numbers

Orange County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Orange County FL was $1,322 in 2019 according to the Census ACS survey.1 Average gross rent in Orange County was $1,311 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Orange County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Orange County Florida (2019 dollars)2

2019 1 Year Change 3 Year Change
US Median Gross Rent $1,097 +1.86% +6.82%
Florida Median Gross Rent $1,238 +2.91% +8.88%
Orange County FL Median Gross Rent $1,322 +6.53% +12.22%

Orange County FL Real Gross Rent Trends

At $1,322, real median gross rent in Orange County was at its highest level in 2019 since the series began in 2005. At $1,311, real average gross rent in Orange County was at its highest level in 2019 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Orange County

Date US
Median
Florida
Median
Orange County FL
Median
Orange County FL
Average
2019 $1,097 $1,238 $1,322 $1,311
2018 $1,077 $1,203 $1,241 $1,262
2017 $1,043 $1,163 $1,187 $1,219
2016 $1,027 $1,137 $1,178 $1,181
2015 $1,017 $1,110 $1,123 $1,148
2014 $986 $1,059 $1,094 $1,131
2013 $953 $1,024 $1,059 $1,091
2012 $940 $1,015 $1,043 $1,070
2011 $941 $1,025 $1,037 $1,057
2010 $955 $1,058 $1,101 $1,132
2009 $960 $1,085 $1,119 $1,156

more history ...

Orange County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Orange County Florida was 15.01% according to Census ACS data.

Rental Vacancy Rate in Orange County Florida

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Florida 8.72% +0.20% +0.42%
Orange County FL 15.01% +5.67% +7.24%

Trends in Orange County FL Rental Vacancy Rate

The rental vacancy rate in Orange County peaked in 2008 at 15.28%. Since then it has fallen by 0.27% to 15.01%. Data records for this series originated in 2005.

Rental Vacancy Rate: Orange County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Orange County

Date US Florida Orange County FL
2019 5.97% 8.72% 15.01%
2018 6.15% 8.52% 9.34%
2017 6.18% 9.16% 10.25%
2016 5.89% 8.30% 7.77%
2015 5.85% 7.79% 7.54%
2014 6.32% 8.66% 7.66%
2013 6.49% 9.22% 11.19%
2012 6.77% 9.37% 7.69%
2011 7.40% 10.91% 10.24%
2010 8.17% 12.17% 13.52%
2009 8.43% 13.16% 12.78%

more history ...

Rent as a Fraction of Income

Using median household income data for Orange County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Orange County, median monthly gross rent as a fraction of median household income was 25.00% in 2019 according to the ACS.

Orange County Florida Median Annual Rent as a Fraction of Median Household Income

2019 1 Year Change 3 Year Change
US 20.03% -0.47% -0.40%
Florida 25.08% -0.49% -0.54%
Orange County FL 25.00% +0.03% -1.30%

Trends in Orange County FL Rent as a Fraction of Income

The fraction of median Orange County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 26.42%. Since then it has fallen by 1.42% to 25.00%.

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

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

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

Date US Florida Orange County FL
2019 20.03% 25.08% 25.00%
2018 20.50% 25.57% 24.97%
2017 20.13% 25.74% 25.53%
2016 20.43% 25.62% 26.30%
2015 20.63% 25.40% 25.06%
2014 20.89% 25.36% 26.42%
2013 20.78% 25.34% 25.84%
2012 20.65% 25.42% 25.78%
2011 20.70% 25.71% 25.75%
2010 20.50% 25.59% 26.19%
2009 20.12% 25.54% 25.13%

more history ...

Renter Fraction in Orange County Florida

You can calculate the renter fraction in Orange 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 Orange County as a fraction of total Orange County households. In 2019 42.72% of households were renters according to Census ACS data.

Orange County Fraction of Renters by Household Units

2019 1 Year Change 3 Year Change
US 35.89% -0.16% -0.99%
Florida 33.75% -0.33% -2.12%
Orange County FL 42.72% -2.60% -3.69%

Trends in the Orange County FL Renter Fraction

The Orange County household renter fraction peaked in in 2014 at 47.03% and is now 4.31% below that level. The origin year for the series is 2005.

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

Fraction of renters in Orange County

History of Orange County Renter Fraction

Date US Florida Orange County FL
2019 35.89% 33.75% 42.72%
2018 36.05% 34.08% 45.32%
2017 36.13% 34.85% 45.60%
2016 36.88% 35.87% 46.41%
2015 36.97% 36.22% 46.15%
2014 36.90% 35.95% 47.03%
2013 36.50% 35.21% 45.77%
2012 36.09% 34.36% 44.37%
2011 35.42% 33.28% 43.09%
2010 34.65% 31.85% 40.93%
2009 34.13% 31.52% 40.31%

more history ...

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.