Daphne, Alabama Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Daphne, Alabama rental market.

Highlights

An apartment for rent in Daphne, Alabama typically goes for $1,396 per month, while a single-family home for rent in Daphne, Alabama has a monthly cost of around $1,782. Renter-occupied units make up 29% of the local housing market, while the rental vacancy rate in Daphne, Alabama is at 14.3.

Daphne, Alabama

Average Apartment Rent

$1,396

Y-o-Y Change in Average
Apartment Rent

1.1%

Average Single-Family Rent

$1,782

As of November 2024

Compared to a year ago, Daphne, Alabama apartments have recorded a 1.1% rent increase.

Daphne, Alabama Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Daphne $1,210 $1,241 $1,357 $1,356 $1,376 $1,421 $1,381 $1,347 $1,435 $1,396
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Daphne
National
Nov 2021
$1,210
$1,596
Mar 2022
$1,241
$1,635
Jul 2022
$1,357
$1,708
Nov 2022
$1,356
$1,726
Mar 2023
$1,376
$1,714
Jul 2023
$1,421
$1,739
Nov 2023
$1,381
$1,733
Mar 2024
$1,347
$1,727
Jul 2024
$1,435
$1,752
Nov 2024
$1,396
$1,748

Daphne, Alabama Average Apartment Rent

Daphne, Alabama Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 63.3%, apartments priced $1,000 - $1,500 represent the bulk of Daphne, Alabama rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.8%.

Daphne, Alabama Housing tenure**

Renter occupied housing units 2,984
Owner occupied housing units 7,485

Renters take up 29% of Daphne, Alabama real estate, occupying a total of 2,984 units, while homeowners live in 7,485 properties.

Median number of rooms of renter-occupied housing units**

4.3

Renter median household income**

$61,066

Average household size of renter-occupied housing units**

2.56

Rental vacancy rate**

14.3%

Daphne, Alabama Renter-occupied housing units by no. of bedrooms**

No bedrooms 49
1 bed 602
2 beds 1,140
3 beds 900
4 beds 254
5 or more beds 39

There are 1,140 rentals in Daphne, Alabama with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 39 units. Overall, the median number of rooms in Daphne, Alabama homes for rent is 4.3.

Daphne, Alabama Renter-occupied units by age of householder**

15 - 24 years 55
25 - 34 years 692
35 - 44 years 636
45 - 54 years 493
55 - 59 years 435
60 - 64 years 193
65 - 74 years 203
75 - 84 years 197
85 years and over 80

Most condos for rent in Daphne, Alabama are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.

Daphne, Alabama Renter-occupied housing units by family type**

Family households 1,512
Non-Family Households 1,472

Daphne, Alabama Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 945
No related children of the householder under 18 2,039

A total of 1,512 apartments for rent in Daphne, Alabama, or 51% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 945 units. All in all, the median size of a renter-occupied household in Daphne, Alabama is 2.56.

Daphne, Alabama Renter-occupied housing units by educational attainment**

Less than high school graduate 215
High school graduate (including equivalency) 515
Some college or associate's degree 1,212
Bachelor's degree or higher 1,042

In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Daphne, Alabama.

Daphne, Alabama Renter-occupied units by year structure built**

Built 2020 or later 25
Built 2010 - 2019 371
Built 2000 - 2009 585
Built 1990 - 1999 773
Built 1980 - 1989 481
Built 1970 - 1979 207
Built 1960 - 1969 482
Built 1950 - 1959 27
Built 1939 or earlier 33

The highest share of Daphne, Alabama apartment rentals, namely 26% or 773 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (20%, 585 units), and the ones Built 1960 - 1969 (16%, 482 units).

Daphne, Alabama Renter-occupied units by year householder moved in**

Moved in 2021 or later 267
Moved in 2018 to 2020 1,089
Moved in 2010 to 2017 1,548
Moved in 2000 to 2009 60
Moved in 1990 to 1999 20

Median year renter moved into unit 2017

Most Daphne, Alabama renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Daphne, Alabama condos for rent is 2017.

Daphne, Alabama Renter-occupied housing units by vehicles available**

1 vehicle available 1,369
2 vehicles available 1,267
3 vehicles available 274
4 vehicles available 45
5 or more vehicles available 29

When it comes to transportation options, 46% of Daphne, Alabama renters have 1 vehicle available per household, 42% of them have 2 vehicles available, and 9% have 3 vehicles available.

Daphne, Alabama Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 3,278
Car, truck, or van - carpooled 236
Taxicab, motorcycle, bicycle, or other means 22
Worked at home 315

Daphne, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 5,633
Moved within same county 1,030
Moved from different county within same state 505
Moved from different state 318

Daphne, Alabama Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Daphne, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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