Cape Canaveral, Florida Rental Market Trends
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 Cape Canaveral, Florida rental market.
Cape Canaveral, Florida
Average Apartment Rent
$1,507
Y-o-Y Change in Average
Apartment Rent
-1.1%
As of July 2024
Compared to a year ago, Cape Canaveral, Florida apartments have recorded a -1.1% rent decrease.
Cape Canaveral, Florida |Average apartment rent trend
Cape Canaveral, Florida| Average apartment rent
Cape Canaveral, Florida | Apartment rent ranges
At 63.19%, apartments priced $1,500 - $2,000 represent the bulk of Cape Canaveral, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 36.81%.
Cape Canaveral, Florida | Housing tenure**
Renters take up 39% of Cape Canaveral, Florida real estate, occupying a total of 2,229 units, while homeowners live in 3,547 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$52,172
Average household size of renter-occupied housing units**
1.69
Rental vacancy rate**
19.1%
Cape Canaveral, Florida | Renter-occupied housing units by no. of bedrooms**
There are 1,072 rentals in Cape Canaveral, Florida with 2 beds making up the highest share of the market, at 48%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 37 units. Overall, the median number of rooms in Cape Canaveral, Florida homes for rent is 3.7.
Cape Canaveral, Florida |Renter-occupied units by age of householder**
Most condos for rent in Cape Canaveral, Florida are occupied by residents in the 55 - 59 years age group (20%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Cape Canaveral, Florida | Renter-occupied housing units by family type**
Cape Canaveral, Florida | Renter-occupied housing units by the presence of own children**
A total of 781 apartments for rent in Cape Canaveral, Florida, or 35% of all rentals are family households. Additionally, 7% of rental homes include children under the age of 18 – that’s 163 units. All in all, the median size of a renter-occupied household in Cape Canaveral, Florida is 1.69.
Cape Canaveral, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Cape Canaveral, Florida.
Cape Canaveral, Florida | Renter-occupied units by year structure built**
The highest share of Cape Canaveral, Florida apartment rentals, namely 28% or 614 units, were Built 1980 - 1989, followed by those Built 1960 - 1969 (25%, 547 units), and the ones Built 1970 - 1979 (17%, 374 units).
Cape Canaveral, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Cape Canaveral, Florida renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cape Canaveral, Florida condos for rent is 2017.
Cape Canaveral, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Cape Canaveral, Florida renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 14% have No vehicle available.
Cape Canaveral, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Cape Canaveral, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Cape Canaveral, Florida | 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 Cape Canaveral, Florida 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
