St. Lucie County Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in St. Lucie County FL was $1,196 in 2019 according to the Census ACS survey.1 Average gross rent in St. Lucie County was $1,131 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 St. Lucie County median and average rent data will be released in September of 2021.
Data is also available below for St. Lucie County rental vacancy rates, St. Lucie County rent as a percent of median income and the fraction of renters in St. Lucie County.
Real Gross Rent in St. Lucie 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% |
| St. Lucie County FL Median Gross Rent | $1,196 | -9.39% | +2.31% |
St. Lucie County FL Real Gross Rent Trends
Median gross rent for St. Lucie County peaked in real terms in 2018 at $1,320 and is now $124 (9.39%) lower. Average gross rent for St. Lucie County peaked in real terms in 2018 at $1,293 and is now $162 (12.53%) lower.
Real Gross Rent: St. Lucie County FL Median, St. Lucie County FL Average, Florida Median, US Median
Real Gross Rent History for St. Lucie County
| Date | US Median |
Florida Median |
St. Lucie County FL Median |
St. Lucie County FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,196 | $1,131 |
| 2018 | $1,077 | $1,203 | $1,320 | $1,293 |
| 2017 | $1,043 | $1,163 | $1,243 | $1,225 |
| 2016 | $1,027 | $1,137 | $1,169 | $1,163 |
| 2015 | $1,017 | $1,110 | $1,056 | $1,054 |
| 2014 | $986 | $1,059 | $1,087 | $1,050 |
| 2013 | $953 | $1,024 | $1,031 | $948 |
| 2012 | $940 | $1,015 | $996 | $969 |
| 2011 | $941 | $1,025 | $1,016 | $956 |
| 2010 | $955 | $1,058 | $1,030 | $1,050 |
| 2009 | $960 | $1,085 | $1,174 | $1,158 |
| 2007 | $927 | $1,087 | $1,248 | $1,236 |
| 2005 | $910 | $1,011 | $1,086 | $1,118 |
St. Lucie 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 St. Lucie County Florida was 13.31% according to Census ACS data.
Rental Vacancy Rate in St. Lucie County Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| St. Lucie County FL | 13.31% | +5.89% | +2.71% |
Trends in St. Lucie County FL Rental Vacancy Rate
The rental vacancy rate in St. Lucie County peaked in 2008 at 25.85%. Since then it has fallen by 12.54% to 13.31%. Data records for this series originated in 2005. From a 2013 post peak low of 6.56%, the rental vacancy rate has increased by 6.75%.
Rental Vacancy Rate: St. Lucie County FL, Florida, US
Historical Rental Vacancy Rate data for St. Lucie County
| Date | US | Florida | St. Lucie County FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 13.31% |
| 2018 | 6.15% | 8.52% | 7.42% |
| 2017 | 6.18% | 9.16% | 13.21% |
| 2016 | 5.89% | 8.30% | 10.60% |
| 2015 | 5.85% | 7.79% | 8.22% |
| 2014 | 6.32% | 8.66% | 10.05% |
| 2013 | 6.49% | 9.22% | 6.56% |
| 2012 | 6.77% | 9.37% | 13.88% |
| 2011 | 7.40% | 10.91% | 13.65% |
| 2010 | 8.17% | 12.17% | 10.19% |
| 2009 | 8.43% | 13.16% | 17.87% |
| 2007 | 7.87% | 11.55% | 16.10% |
| 2005 | 7.74% | 7.72% | 8.37% |
Rent as a Fraction of Income
Using median household income data for St. Lucie County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St. Lucie County, median monthly gross rent as a fraction of median household income was 24.73% in 2019 according to the ACS.
St. Lucie 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% |
| St. Lucie County FL | 24.73% | -4.04% | -5.16% |
Trends in St. Lucie County FL Rent as a Fraction of Income
The fraction of median St. Lucie County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 29.89%. Since then it has fallen by 5.16% to 24.73%.
Fraction of Income towards Rent: St. Lucie County FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in St. Lucie County Florida
| Date | US | Florida | St. Lucie County FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 24.73% |
| 2018 | 20.50% | 25.57% | 28.77% |
| 2017 | 20.13% | 25.74% | 28.91% |
| 2016 | 20.43% | 25.62% | 29.89% |
| 2015 | 20.63% | 25.40% | 26.01% |
| 2014 | 20.89% | 25.36% | 29.18% |
| 2013 | 20.78% | 25.34% | 27.64% |
| 2012 | 20.65% | 25.42% | 26.88% |
| 2011 | 20.70% | 25.71% | 27.61% |
| 2010 | 20.50% | 25.59% | 28.61% |
| 2009 | 20.12% | 25.54% | 27.63% |
| 2007 | 18.66% | 23.22% | 27.46% |
| 2005 | 18.89% | 22.88% | 24.34% |
Renter Fraction in St. Lucie County Florida
You can calculate the renter fraction in St. Lucie 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 St. Lucie County as a fraction of total St. Lucie County households. In 2019 24.09% of households were renters according to Census ACS data.
St. Lucie 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% |
| St. Lucie County FL | 24.09% | -2.25% | -6.23% |
Trends in the St. Lucie County FL Renter Fraction
The St. Lucie County household renter fraction peaked in in 2013 at 31.43% and is now 7.34% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St. Lucie County FL, Florida, US
History of St. Lucie County Renter Fraction
| Date | US | Florida | St. Lucie County FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 24.09% |
| 2018 | 36.05% | 34.08% | 26.34% |
| 2017 | 36.13% | 34.85% | 27.59% |
| 2016 | 36.88% | 35.87% | 30.32% |
| 2015 | 36.97% | 36.22% | 28.46% |
| 2014 | 36.90% | 35.95% | 25.95% |
| 2013 | 36.50% | 35.21% | 31.43% |
| 2012 | 36.09% | 34.36% | 27.97% |
| 2011 | 35.42% | 33.28% | 24.71% |
| 2010 | 34.65% | 31.85% | 25.41% |
| 2009 | 34.13% | 31.52% | 24.80% |
| 2007 | 32.80% | 29.39% | 25.02% |
| 2005 | 33.10% | 30.43% | 24.02% |
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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