Department of Numbers

Santa Rosa County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Santa Rosa County FL was $1,083 in 2017 according to the Census ACS survey.1 Average gross rent in Santa Rosa County was $1,077 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 Santa Rosa County median and average rent data will be released in September of 2019.

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.

Show dollars as: Nominal Real

Real Gross Rent in Santa Rosa 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%
Santa Rosa County FL Median Gross Rent $1,083 +1.50% +16.83%

Santa Rosa County FL Real Gross Rent Trends

Median gross rent for Santa Rosa County peaked in real terms in 2009 at $1,097 and is now $14 (1.28%) lower. Average gross rent for Santa Rosa County peaked in real terms in 2011 at $1,156 and is now $79 (6.83%) lower.

Real Gross Rent: Santa Rosa County FL Median, Santa Rosa County FL Average, Florida Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Santa Rosa County

Date US
Median
Florida
Median
Santa Rosa County FL
Median
Santa Rosa County FL
Average
2017 $1,012 $1,128 $1,083 $1,077
2016 $996 $1,103 $1,067 $1,029
2015 $987 $1,076 $1,057 $1,027
2014 $956 $1,027 $927 $993
2013 $924 $993 $999 $946
2012 $912 $984 $1,007 $950
2011 $912 $994 $1,071 $1,156
2010 $927 $1,026 $961 $923
2009 $931 $1,052 $1,097 $1,034
2008 $947 $1,088 $975 $999
2007 $899 $1,054 $849 $832
2006 $909 $1,038 $887 $824

Santa Rosa 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 Santa Rosa County Florida was 9.47% according to Census ACS data.

Rental Vacancy Rate in Santa Rosa County Florida

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Florida 9.16% +0.86% +0.50%
Santa Rosa County FL 9.47% +1.64% -7.64%

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 13.75% to 9.47%. Data records for this series originated in 2005. From a 2013 post peak low of 5.74%, the rental vacancy rate has increased by 3.73%.

Rental Vacancy Rate: Santa Rosa County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Santa Rosa County

Date US Florida Santa Rosa County FL
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%
2008 7.86% 12.67% 10.59%
2007 7.87% 11.55% 9.64%
2006 7.70% 8.32% 23.22%

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 19.67% in 2017 according to the ACS.

Santa Rosa 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%
Santa Rosa County FL 19.67% -0.15% +1.67%

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 3.42% to 19.67%.

Fraction of Income towards Rent: Santa Rosa County FL, Florida, US

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

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

Date US Florida Santa Rosa County FL
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%
2008 19.00% 23.79% 18.78%
2007 18.66% 23.22% 17.76%
2006 18.90% 23.00% 16.84%

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 2017 21.14% of households were renters according to Census ACS data.

Santa Rosa 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%
Santa Rosa County FL 21.14% -3.52% -4.03%

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 9.00% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Santa Rosa County FL, Florida, US

Fraction of renters in Santa Rosa County

History of Santa Rosa County Renter Fraction

Date US Florida Santa Rosa County FL
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%
2008 33.36% 30.33% 20.01%
2007 32.80% 29.39% 21.35%
2006 32.73% 29.72% 19.10%

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.