Fernandina Beach, 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 Fernandina Beach, Florida rental market.
Fernandina Beach, Florida
Average Apartment Rent
$1,777
Y-o-Y Change in Average
Apartment Rent
5.1%
As of July 2024
Compared to a year ago, Fernandina Beach, Florida apartments have recorded a 5.1% rent increase.
Fernandina Beach, Florida |Average apartment rent trend
Fernandina Beach, Florida| Average apartment rent
Fernandina Beach, Florida | Apartment rent ranges
At 39.71%, apartments priced $1,000 - $1,500 represent the bulk of Fernandina Beach, Florida rentals, while condos priced Over $2,000 hold the lowest share of the market – 26.07%.
Fernandina Beach, Florida | Housing tenure**
Renters take up 18% of Fernandina Beach, Florida real estate, occupying a total of 1,084 units, while homeowners live in 4,984 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$51,814
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
4.7%
Fernandina Beach, Florida | Renter-occupied housing units by no. of bedrooms**
There are 531 rentals in Fernandina Beach, Florida with 2 beds making up the highest share of the market, at 49%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 14 units. Overall, the median number of rooms in Fernandina Beach, Florida homes for rent is 4.6.
Fernandina Beach, Florida |Renter-occupied units by age of householder**
Most condos for rent in Fernandina Beach, Florida are occupied by residents in the 55 - 59 years age group (21%), followed by those in the 25 - 34 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 – 5%.
Fernandina Beach, Florida | Renter-occupied housing units by family type**
Fernandina Beach, Florida | Renter-occupied housing units by the presence of own children**
A total of 703 apartments for rent in Fernandina Beach, Florida, or 65% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 212 units. All in all, the median size of a renter-occupied household in Fernandina Beach, Florida is 2.21.
Fernandina Beach, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 37% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Fernandina Beach, Florida.
Fernandina Beach, Florida | Renter-occupied units by year structure built**
The highest share of Fernandina Beach, Florida apartment rentals, namely 25% or 275 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (21%, 230 units), and the ones Built 2010 - 2019 (10%, 108 units).
Fernandina Beach, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Fernandina Beach, Florida renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Fernandina Beach, Florida condos for rent is 2016.
Fernandina Beach, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Fernandina Beach, Florida renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 8% have No vehicle available.
Fernandina Beach, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Fernandina Beach, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Fernandina Beach, 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 Fernandina Beach, 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