Department of Numbers

Seminole County Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Seminole County FL was $1,317 in 2019 according to the Census ACS survey.1 Average gross rent in Seminole County was $1,343 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 Seminole County median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Seminole 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%
Seminole County FL Median Gross Rent $1,317 +4.03% +9.39%

Seminole County FL Real Gross Rent Trends

At $1,317, real median gross rent in Seminole County was at its highest level in 2019 since the series began in 2005. At $1,343, real average gross rent in Seminole County was at its highest level in 2019 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Seminole County

Date US
Median
Florida
Median
Seminole County FL
Median
Seminole County FL
Average
2019 $1,097 $1,238 $1,317 $1,343
2018 $1,077 $1,203 $1,266 $1,290
2017 $1,043 $1,163 $1,239 $1,252
2016 $1,027 $1,137 $1,204 $1,217
2015 $1,017 $1,110 $1,186 $1,214
2014 $986 $1,059 $1,119 $1,113
2013 $953 $1,024 $1,085 $1,083
2012 $940 $1,015 $1,061 $1,071
2011 $941 $1,025 $1,107 $1,152
2010 $955 $1,058 $1,079 $1,081
2009 $960 $1,085 $1,129 $1,140

more history ...

Seminole County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Seminole County Florida was 6.04% according to Census ACS data.

Rental Vacancy Rate in Seminole County Florida

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Florida 8.72% +0.20% +0.42%
Seminole County FL 6.04% +2.58% -4.70%

Trends in Seminole County FL Rental Vacancy Rate

The rental vacancy rate in Seminole County peaked in 2010 at 15.34%. Since then it has fallen by 9.30% to 6.04%. Data records for this series originated in 2005. From a 2018 post peak low of 3.46%, the rental vacancy rate has increased by 2.58%.

Rental Vacancy Rate: Seminole County FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Seminole County

Date US Florida Seminole County FL
2019 5.97% 8.72% 6.04%
2018 6.15% 8.52% 3.46%
2017 6.18% 9.16% 8.56%
2016 5.89% 8.30% 10.74%
2015 5.85% 7.79% 12.34%
2014 6.32% 8.66% 14.12%
2013 6.49% 9.22% 12.76%
2012 6.77% 9.37% 9.13%
2011 7.40% 10.91% 12.76%
2010 8.17% 12.17% 15.34%
2009 8.43% 13.16% 10.14%

more history ...

Rent as a Fraction of Income

Using median household income data for Seminole County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Seminole County, median monthly gross rent as a fraction of median household income was 22.52% in 2019 according to the ACS.

Seminole 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%
Seminole County FL 22.52% +0.39% +0.01%

Trends in Seminole County FL Rent as a Fraction of Income

The fraction of median Seminole County household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.51%. Since then it has fallen by 0.99% to 22.52%.

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

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

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

Date US Florida Seminole County FL
2019 20.03% 25.08% 22.52%
2018 20.50% 25.57% 22.13%
2017 20.13% 25.74% 22.52%
2016 20.43% 25.62% 22.51%
2015 20.63% 25.40% 23.51%
2014 20.89% 25.36% 22.58%
2013 20.78% 25.34% 22.45%
2012 20.65% 25.42% 21.76%
2011 20.70% 25.71% 22.52%
2010 20.50% 25.59% 20.05%
2009 20.12% 25.54% 21.13%

more history ...

Renter Fraction in Seminole County Florida

You can calculate the renter fraction in Seminole 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 Seminole County as a fraction of total Seminole County households. In 2019 35.39% of households were renters according to Census ACS data.

Seminole 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%
Seminole County FL 35.39% -0.30% -0.39%

Trends in the Seminole County FL Renter Fraction

The Seminole County household renter fraction peaked in in 2015 at 35.83% and is now 0.44% below that level. The origin year for the series is 2005.

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

Fraction of renters in Seminole County

History of Seminole County Renter Fraction

Date US Florida Seminole County FL
2019 35.89% 33.75% 35.39%
2018 36.05% 34.08% 35.69%
2017 36.13% 34.85% 35.24%
2016 36.88% 35.87% 35.78%
2015 36.97% 36.22% 35.83%
2014 36.90% 35.95% 32.09%
2013 36.50% 35.21% 31.53%
2012 36.09% 34.36% 32.27%
2011 35.42% 33.28% 30.11%
2010 34.65% 31.85% 26.29%
2009 34.13% 31.52% 27.94%

more history ...

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.