Santa Rosa County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Santa Rosa County FL was $1,208 in 2019 according to the Census ACS survey.1 Average gross rent in Santa Rosa County was $1,118 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 Santa Rosa County median and average rent data will be released in September of 2021.
Data is also available below for Santa Rosa County rental vacancy rates, Santa Rosa County rent as a percent of median income and the fraction of renters in Santa Rosa County.
Real Gross Rent in Santa Rosa 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% |
| Santa Rosa County FL Median Gross Rent | $1,208 | +5.50% | +9.72% |
Santa Rosa County FL Real Gross Rent Trends
At $1,208, real median gross rent in Santa Rosa County was at its highest level in 2019 since the series began in 2005. Average gross rent for Santa Rosa County peaked in real terms in 2011 at $1,192 and is now $74 (6.21%) lower.
Real Gross Rent: Santa Rosa County FL Median, Santa Rosa County FL Average, Florida Median, US Median
Real Gross Rent History for Santa Rosa County
| Date | US Median |
Florida Median |
Santa Rosa County FL Median |
Santa Rosa County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,208 | $1,118 |
| 2018 | $1,077 | $1,203 | $1,145 | $1,175 |
| 2017 | $1,043 | $1,163 | $1,117 | $1,110 |
| 2016 | $1,027 | $1,137 | $1,101 | $1,061 |
| 2015 | $1,017 | $1,110 | $1,089 | $1,059 |
| 2014 | $986 | $1,059 | $955 | $1,024 |
| 2013 | $953 | $1,024 | $1,030 | $975 |
| 2012 | $940 | $1,015 | $1,038 | $980 |
| 2011 | $941 | $1,025 | $1,104 | $1,192 |
| 2010 | $955 | $1,058 | $991 | $952 |
| 2009 | $960 | $1,085 | $1,131 | $1,066 |
| 2007 | $927 | $1,087 | $875 | $858 |
| 2005 | $910 | $1,011 | $996 | $808 |
Santa Rosa County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Santa Rosa County Florida was 11.61% according to Census ACS data.
Rental Vacancy Rate in Santa Rosa County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Santa Rosa County FL | — | — | — |
Trends in Santa Rosa County FL Rental Vacancy Rate
The rental vacancy rate in Santa Rosa County peaked in 2006 at 23.22%. Since then it has fallen by 11.61% to 11.61%. Data records for this series originated in 2005. From a 2013 post peak low of 5.74%, the rental vacancy rate has increased by 5.87%.
Rental Vacancy Rate: Santa Rosa County FL, Florida, US
Historical Rental Vacancy Rate data for Santa Rosa County
| Date | US | Florida | Santa Rosa County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | — |
| 2018 | 6.15% | 8.52% | 11.61% |
| 2017 | 6.18% | 9.16% | 9.47% |
| 2016 | 5.89% | 8.30% | 7.83% |
| 2015 | 5.85% | 7.79% | 8.25% |
| 2014 | 6.32% | 8.66% | 17.11% |
| 2013 | 6.49% | 9.22% | 5.74% |
| 2012 | 6.77% | 9.37% | 16.96% |
| 2011 | 7.40% | 10.91% | 13.29% |
| 2010 | 8.17% | 12.17% | 9.66% |
| 2009 | 8.43% | 13.16% | 12.15% |
| 2007 | 7.87% | 11.55% | 9.64% |
| 2005 | 7.74% | 7.72% | — |
Rent as a Fraction of Income
Using median household income data for Santa Rosa County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Santa Rosa County, median monthly gross rent as a fraction of median household income was 22.33% in 2019 according to the ACS.
Santa Rosa 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% |
| Santa Rosa County FL | 22.33% | +3.25% | +2.50% |
Trends in Santa Rosa County FL Rent as a Fraction of Income
The fraction of median Santa Rosa County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.09%. Since then it has fallen by 0.77% to 22.33%.
Fraction of Income towards Rent: Santa Rosa County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Santa Rosa County Florida
| Date | US | Florida | Santa Rosa County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.33% |
| 2018 | 20.50% | 25.57% | 19.07% |
| 2017 | 20.13% | 25.74% | 19.67% |
| 2016 | 20.43% | 25.62% | 19.82% |
| 2015 | 20.63% | 25.40% | 20.65% |
| 2014 | 20.89% | 25.36% | 18.00% |
| 2013 | 20.78% | 25.34% | 21.40% |
| 2012 | 20.65% | 25.42% | 19.19% |
| 2011 | 20.70% | 25.71% | 23.09% |
| 2010 | 20.50% | 25.59% | 21.07% |
| 2009 | 20.12% | 25.54% | 21.96% |
| 2007 | 18.66% | 23.22% | 17.76% |
| 2005 | 18.89% | 22.88% | 20.38% |
Renter Fraction in Santa Rosa County Florida
You can calculate the renter fraction in Santa Rosa 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 Santa Rosa County as a fraction of total Santa Rosa County households. In 2019 24.65% of households were renters according to Census ACS data.
Santa Rosa 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% |
| Santa Rosa County FL | 24.65% | +1.31% | -0.01% |
Trends in the Santa Rosa County FL Renter Fraction
The Santa Rosa County household renter fraction peaked in in 2013 at 30.14% and is now 5.49% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Santa Rosa County FL, Florida, US
History of Santa Rosa County Renter Fraction
| Date | US | Florida | Santa Rosa County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 24.65% |
| 2018 | 36.05% | 34.08% | 23.34% |
| 2017 | 36.13% | 34.85% | 21.14% |
| 2016 | 36.88% | 35.87% | 24.66% |
| 2015 | 36.97% | 36.22% | 29.57% |
| 2014 | 36.90% | 35.95% | 25.17% |
| 2013 | 36.50% | 35.21% | 30.14% |
| 2012 | 36.09% | 34.36% | 26.63% |
| 2011 | 35.42% | 33.28% | 27.40% |
| 2010 | 34.65% | 31.85% | 24.82% |
| 2009 | 34.13% | 31.52% | 24.36% |
| 2007 | 32.80% | 29.39% | 21.35% |
| 2005 | 33.10% | 30.43% | 26.31% |
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. ↩
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