Destin, 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 Destin, Florida rental market.
Destin, Florida
Average Apartment Rent
$2,155
Y-o-Y Change in Average
Apartment Rent
0.6%
As of July 2024
Compared to a year ago, Destin, Florida apartments have recorded a 0.6% rent increase.
Destin, Florida |Average apartment rent trend
Destin, Florida| Average apartment rent
Destin, Florida | Apartment rent ranges
At 54.71%, apartments priced Over $2,000 represent the bulk of Destin, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.26%.
Destin, Florida | Housing tenure**
Renters take up 34% of Destin, Florida real estate, occupying a total of 2,131 units, while homeowners live in 4,197 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$59,645
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
45.6%
Destin, Florida | Renter-occupied housing units by no. of bedrooms**
There are 859 rentals in Destin, Florida with 2 beds making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 72 units. Overall, the median number of rooms in Destin, Florida homes for rent is 4.1.
Destin, Florida |Renter-occupied units by age of householder**
Most condos for rent in Destin, Florida are occupied by residents in the 35 - 44 years age group (31%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Destin, Florida | Renter-occupied housing units by family type**
Destin, Florida | Renter-occupied housing units by the presence of own children**
A total of 979 apartments for rent in Destin, Florida, or 46% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 442 units. All in all, the median size of a renter-occupied household in Destin, Florida is 2.16.
Destin, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Destin, Florida.
Destin, Florida | Renter-occupied units by year structure built**
The highest share of Destin, Florida apartment rentals, namely 26% or 557 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (26%, 548 units), and the ones Built 2000 - 2009 (15%, 327 units).
Destin, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Destin, Florida renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Destin, Florida condos for rent is 2019.
Destin, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Destin, Florida renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 9% have No vehicle available.
Destin, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Destin, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Destin, 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 Destin, 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
