Department of Numbers

Port St Lucie Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Port St Lucie, FL (the Port St Lucie metro area) was $1,157 in 2017 according to the Census ACS survey.1 Average gross rent in Port St Lucie was $1,163 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 Port St Lucie median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Port St Lucie 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%
Port St Lucie, FL Median Gross Rent $1,157 +4.14% +7.63%

Port St Lucie, FL Real Gross Rent Trends

Median gross rent for Port St Lucie peaked in real terms in 2007 at $1,187 and is now $30 (2.53%) lower. From a recent low of 952.0 in 2011, real median gross rent has now increased by $205 (21.53%). Average gross rent for Port St Lucie peaked in real terms in 2006 at $1,197 and is now $34 (2.84%) lower. From a recent low of 912.0 in 2011, real average gross rent has now increased by $251 (27.52%).

Real Gross Rent in Port St Lucie: Port St Lucie FL Median, Port St Lucie FL Average, Florida Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Port St Lucie

Date US
Median
Florida
Median
Port St Lucie, FL
Median
Port St Lucie, FL
Average
2017 $1,012 $1,128 $1,157 $1,163
2016 $996 $1,103 $1,111 $1,088
2015 $987 $1,076 $1,026 $1,039
2014 $956 $1,027 $1,075 $1,077
2013 $924 $993 $967 $930
2012 $912 $984 $956 $955
2011 $912 $994 $952 $912
2010 $927 $1,026 $984 $1,004
2009 $931 $1,052 $1,132 $1,111
2008 $947 $1,088 $1,172 $1,177
2007 $899 $1,054 $1,187 $1,174
2006 $909 $1,038 $1,153 $1,197

Port St Lucie 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 Port St Lucie Florida was 12.46% according to Census ACS data.

Rental Vacancy Rate in Port St Lucie Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Port St Lucie, FL 12.46% +2.68% +3.11%

Trends in Port St Lucie, FL Rental Vacancy Rate

The rental vacancy rate in Port St Lucie peaked in 2008 at 22.26%. Since then it has fallen by 9.80% to 12.46%. Data records for this series originated in 2005. From a 2015 post peak low of 7.42%, the rental vacancy rate has increased by 5.04%.

Rental Vacancy Rate: Port St Lucie FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Port St Lucie

Date US Florida Port St Lucie, FL
2017 6.18% 9.16% 12.46%
2016 5.89% 8.30% 9.78%
2015 5.85% 7.79% 7.42%
2014 6.32% 8.66% 9.35%
2013 6.49% 9.22% 7.98%
2012 6.77% 9.37% 11.77%
2011 7.40% 10.91% 12.23%
2010 8.17% 12.17% 10.48%
2009 8.43% 13.16% 17.66%
2008 7.86% 12.67% 22.26%
2007 7.87% 11.55% 13.83%
2006 7.70% 8.32% 10.34%

Rent as a Fraction of Income

Using median household income data for Port St Lucie, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Port St Lucie, median monthly gross rent as a fraction of median household income was 27.02% in 2017 according to the ACS.

Port St Lucie 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%
Port St Lucie, FL 27.02% +0.08% +0.48%

Trends in Port St Lucie, FL Rent as a Fraction of Income

Port St Lucie renters paid 27.02% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Port St Lucie FL, Florida, US

Percent of median household income going towards median monthly gross rent in Port St Lucie Florida

Historical Data for Annual Rent as a Fraction of Income in Port St Lucie Florida

Date US Florida Port St Lucie, FL
2017 20.13% 25.74% 27.02%
2016 20.43% 25.62% 26.93%
2015 20.63% 25.40% 24.92%
2014 20.89% 25.36% 26.54%
2013 20.78% 25.34% 25.07%
2012 20.65% 25.42% 26.29%
2011 20.70% 25.71% 24.49%
2010 20.50% 25.59% 26.35%
2009 20.12% 25.54% 26.61%
2008 19.00% 23.79% 26.08%
2007 18.66% 23.22% 25.17%
2006 18.90% 23.00% 24.86%

Renter Fraction in Port St Lucie Florida

You can calculate the renter fraction in Port St Lucie 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 Port St Lucie as a fraction of total Port St Lucie households. In 2017 26.60% of households were renters according to Census ACS data.

Port St Lucie 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%
Port St Lucie, FL 26.60% -0.89% +2.17%

Trends in the Port St Lucie, FL Renter Fraction

The Port St Lucie household renter fraction peaked in in 2013 at 29.66% and is now 3.06% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Port St Lucie FL, Florida, US

Fraction of renters in Port St Lucie

History of Port St Lucie Renter Fraction

Date US Florida Port St Lucie, FL
2017 36.13% 34.85% 26.60%
2016 36.88% 35.87% 27.49%
2015 36.97% 36.22% 27.06%
2014 36.90% 35.95% 24.43%
2013 36.50% 35.21% 29.66%
2012 36.09% 34.36% 27.58%
2011 35.42% 33.28% 24.07%
2010 34.65% 31.85% 24.37%
2009 34.13% 31.52% 23.88%
2008 33.36% 30.33% 23.91%
2007 32.80% 29.39% 23.88%
2006 32.73% 29.72% 21.44%

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.