Department of Numbers

Putnam County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Putnam County FL was $637 in 2017 according to the Census ACS survey.1 Average gross rent in Putnam County was $579 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 Putnam County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Putnam 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%
Putnam County FL Median Gross Rent $637 -15.63% -9.26%

Putnam County FL Real Gross Rent Trends

Median gross rent for Putnam County peaked in real terms in 2016 at $755 and is now $118 (15.63%) lower. Average gross rent for Putnam County peaked in real terms in 2010 at $667 and is now $88 (13.19%) lower. From a recent low of 525.0 in 2015, real average gross rent has now increased by $54 (10.29%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Putnam County

Date US
Median
Florida
Median
Putnam County FL
Median
Putnam County FL
Average
2017 $1,012 $1,128 $637 $579
2016 $996 $1,103 $755 $576
2015 $987 $1,076 $678 $525
2014 $956 $1,027 $702 $600
2013 $924 $993 $607 $619
2012 $912 $984 $677 $640
2011 $912 $994 $750 $617
2010 $927 $1,026 $638 $667
2009 $931 $1,052 $633 $620
2008 $947 $1,088 $590 $535
2007 $899 $1,054 $635 $597
2006 $909 $1,038 $663 $597

Putnam 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 Putnam County Florida was 2.88% according to Census ACS data.

Rental Vacancy Rate in Putnam County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Putnam County FL 2.88% -5.61%

Trends in Putnam County FL Rental Vacancy Rate

The rental vacancy rate in Putnam County peaked in 2008 at 10.14%. Since then it has fallen by 7.26% to 2.88%. Data records for this series originated in 2005.

Rental Vacancy Rate: Putnam County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Putnam County

Date US Florida Putnam County FL
2017 6.18% 9.16% 2.88%
2016 5.89% 8.30%
2015 5.85% 7.79%
2014 6.32% 8.66% 8.49%
2013 6.49% 9.22% 8.88%
2012 6.77% 9.37% 6.33%
2011 7.40% 10.91% 3.70%
2010 8.17% 12.17% 4.98%
2009 8.43% 13.16%
2008 7.86% 12.67% 10.14%
2007 7.87% 11.55% 4.13%
2006 7.70% 8.32% 7.88%

Rent as a Fraction of Income

Using median household income data for Putnam County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Putnam County, median monthly gross rent as a fraction of median household income was 22.62% in 2017 according to the ACS.

Putnam 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%
Putnam County FL 22.62% -0.69% -4.14%

Trends in Putnam County FL Rent as a Fraction of Income

The fraction of median Putnam County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 28.23%. Since then it has fallen by 5.60% to 22.62%.

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

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

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

Date US Florida Putnam County FL
2017 20.13% 25.74% 22.62%
2016 20.43% 25.62% 23.32%
2015 20.63% 25.40% 25.12%
2014 20.89% 25.36% 26.76%
2013 20.78% 25.34% 22.07%
2012 20.65% 25.42% 23.14%
2011 20.70% 25.71% 28.23%
2010 20.50% 25.59% 20.89%
2009 20.12% 25.54% 22.71%
2008 19.00% 23.79% 17.06%
2007 18.66% 23.22% 20.49%
2006 18.90% 23.00% 21.72%

Renter Fraction in Putnam County Florida

You can calculate the renter fraction in Putnam 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 Putnam County as a fraction of total Putnam County households. In 2017 29.60% of households were renters according to Census ACS data.

Putnam 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%
Putnam County FL 29.60% +2.11% +3.10%

Trends in the Putnam County FL Renter Fraction

The Putnam County household renter fraction peaked in in 2015 at 30.43% and is now 0.83% below that level. The origin year for the series is 2005.

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

Fraction of renters in Putnam County

History of Putnam County Renter Fraction

Date US Florida Putnam County FL
2017 36.13% 34.85% 29.60%
2016 36.88% 35.87% 27.49%
2015 36.97% 36.22% 30.43%
2014 36.90% 35.95% 26.50%
2013 36.50% 35.21% 23.78%
2012 36.09% 34.36% 27.30%
2011 35.42% 33.28% 25.60%
2010 34.65% 31.85% 21.43%
2009 34.13% 31.52% 25.74%
2008 33.36% 30.33% 21.34%
2007 32.80% 29.39% 22.80%
2006 32.73% 29.72% 24.30%

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.