Department of Numbers

Osceola County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Osceola County FL was $1,183 in 2017 according to the Census ACS survey.1 Average gross rent in Osceola County was $1,173 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 Osceola County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Osceola 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%
Osceola County FL Median Gross Rent $1,183 +4.78% +9.64%

Osceola County FL Real Gross Rent Trends

Median gross rent for Osceola County peaked in real terms in 2007 at $1,185 and is now $2 (0.17%) lower. From a recent low of 1013.0 in 2012, real median gross rent has now increased by $170 (16.78%). Average gross rent for Osceola County peaked in real terms in 2007 at $1,191 and is now $18 (1.51%) lower. From a recent low of 1028.0 in 2011, real average gross rent has now increased by $145 (14.11%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Osceola County

Date US
Median
Florida
Median
Osceola County FL
Median
Osceola County FL
Average
2017 $1,012 $1,128 $1,183 $1,173
2016 $996 $1,103 $1,129 $1,170
2015 $987 $1,076 $1,141 $1,130
2014 $956 $1,027 $1,079 $1,077
2013 $924 $993 $1,018 $1,041
2012 $912 $984 $1,013 $1,039
2011 $912 $994 $1,020 $1,028
2010 $927 $1,026 $1,047 $1,053
2009 $931 $1,052 $1,146 $1,157
2008 $947 $1,088 $1,180 $1,190
2007 $899 $1,054 $1,185 $1,191
2006 $909 $1,038 $1,136 $1,113

Osceola 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 Osceola County Florida was 7.21% according to Census ACS data.

Rental Vacancy Rate in Osceola County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Osceola County FL 7.21% +1.06% +2.54%

Trends in Osceola County FL Rental Vacancy Rate

The rental vacancy rate in Osceola County peaked in 2010 at 16.45%. Since then it has fallen by 9.24% to 7.21%. Data records for this series originated in 2005. From a 2014 post peak low of 4.67%, the rental vacancy rate has increased by 2.54%.

Rental Vacancy Rate: Osceola County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Osceola County

Date US Florida Osceola County FL
2017 6.18% 9.16% 7.21%
2016 5.89% 8.30% 6.15%
2015 5.85% 7.79% 4.82%
2014 6.32% 8.66% 4.67%
2013 6.49% 9.22% 7.15%
2012 6.77% 9.37% 7.36%
2011 7.40% 10.91% 6.74%
2010 8.17% 12.17% 16.45%
2009 8.43% 13.16% 15.14%
2008 7.86% 12.67% 11.35%
2007 7.87% 11.55% 11.73%
2006 7.70% 8.32% 10.43%

Rent as a Fraction of Income

Using median household income data for Osceola County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Osceola County, median monthly gross rent as a fraction of median household income was 28.53% in 2017 according to the ACS.

Osceola 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%
Osceola County FL 28.53% +2.58% -0.96%

Trends in Osceola County FL Rent as a Fraction of Income

The fraction of median Osceola County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 29.48%. Since then it has fallen by 0.96% to 28.53%.

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

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

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

Date US Florida Osceola County FL
2017 20.13% 25.74% 28.53%
2016 20.43% 25.62% 25.94%
2015 20.63% 25.40% 29.41%
2014 20.89% 25.36% 29.48%
2013 20.78% 25.34% 28.93%
2012 20.65% 25.42% 27.46%
2011 20.70% 25.71% 28.48%
2010 20.50% 25.59% 27.33%
2009 20.12% 25.54% 29.11%
2008 19.00% 23.79% 26.81%
2007 18.66% 23.22% 25.82%
2006 18.90% 23.00% 25.47%

Renter Fraction in Osceola County Florida

You can calculate the renter fraction in Osceola 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 Osceola County as a fraction of total Osceola County households. In 2017 36.17% of households were renters according to Census ACS data.

Osceola 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%
Osceola County FL 36.17% -4.16% -2.87%

Trends in the Osceola County FL Renter Fraction

The Osceola County household renter fraction peaked in in 2015 at 41.52% and is now 5.35% below that level. The origin year for the series is 2005.

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

Fraction of renters in Osceola County

History of Osceola County Renter Fraction

Date US Florida Osceola County FL
2017 36.13% 34.85% 36.17%
2016 36.88% 35.87% 40.33%
2015 36.97% 36.22% 41.52%
2014 36.90% 35.95% 39.04%
2013 36.50% 35.21% 37.97%
2012 36.09% 34.36% 38.83%
2011 35.42% 33.28% 39.28%
2010 34.65% 31.85% 35.04%
2009 34.13% 31.52% 32.32%
2008 33.36% 30.33% 33.62%
2007 32.80% 29.39% 34.05%
2006 32.73% 29.72% 29.71%

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.