Fort Pierce, 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 Fort Pierce, Florida rental market.
Highlights
An apartment for rent in Fort Pierce, Florida typically goes for $1,598 per month, while a single-family home for rent in Fort Pierce, Florida has a monthly cost of around $2,927. Renter-occupied units make up 53% of the local housing market, while the rental vacancy rate in Fort Pierce, Florida is at 9.5.
Fort Pierce, Florida
Average Apartment Rent
$1,598
Average Single-Family Rent
$2,927
As of July 2024
Fort Pierce, Florida |Average apartment rent trend
Fort Pierce, Florida| Average apartment rent
Fort Pierce, Florida | Apartment rent ranges
At 61.69%, apartments priced $1,500 - $2,000 represent the bulk of Fort Pierce, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.49%.
Fort Pierce, Florida | Housing tenure**
Renters take up 53% of Fort Pierce, Florida real estate, occupying a total of 9,467 units, while homeowners live in 8,504 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$35,713
Average household size of renter-occupied housing units**
2.74
Rental vacancy rate**
9.5%
Fort Pierce, Florida | Renter-occupied housing units by no. of bedrooms**
There are 3,817 rentals in Fort Pierce, Florida with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 128 units. Overall, the median number of rooms in Fort Pierce, Florida homes for rent is 4.5.
Fort Pierce, Florida |Renter-occupied units by age of householder**
Most condos for rent in Fort Pierce, Florida are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 65 - 74 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Fort Pierce, Florida | Renter-occupied housing units by family type**
Fort Pierce, Florida | Renter-occupied housing units by the presence of own children**
A total of 5,305 apartments for rent in Fort Pierce, Florida, or 56% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 3,223 units. All in all, the median size of a renter-occupied household in Fort Pierce, Florida is 2.74.
Fort Pierce, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Fort Pierce, Florida.
Fort Pierce, Florida | Renter-occupied units by year structure built**
The highest share of Fort Pierce, Florida apartment rentals, namely 23% or 2,141 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (21%, 1,979 units), and the ones Built 2000 - 2009 (13%, 1,224 units).
Fort Pierce, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Fort Pierce, Florida renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Fort Pierce, Florida condos for rent is 2018.
Fort Pierce, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Fort Pierce, Florida renters have 1 vehicle available per household, 20% of them have 2 vehicles available, and 19% have No vehicle available.
Fort Pierce, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Fort Pierce, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Fort Pierce, 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 Fort Pierce, 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
