Ocoee, 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 Ocoee, Florida rental market.
Highlights
An apartment for rent in Ocoee, Florida typically goes for $1,871 per month, while a single-family home for rent in Ocoee, Florida has a monthly cost of around $2,675. Renter-occupied units make up 28% of the local housing market, while the rental vacancy rate in Ocoee, Florida is at 8.8.
Ocoee, Florida
Average Apartment Rent
$1,871
Y-o-Y Change in Average
Apartment Rent
-3%
Average Single-Family Rent
$2,675
As of July 2024
Compared to a year ago, Ocoee, Florida apartments have recorded a -3% rent decrease.
Ocoee, Florida |Average apartment rent trend
Ocoee, Florida| Average apartment rent
Ocoee, Florida | Apartment rent ranges
At 42.79%, apartments priced $1,500 - $2,000 represent the bulk of Ocoee, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 14.68%.
Ocoee, Florida | Housing tenure**
Renters take up 28% of Ocoee, Florida real estate, occupying a total of 3,888 units, while homeowners live in 10,237 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$67,468
Average household size of renter-occupied housing units**
3.29
Rental vacancy rate**
8.8%
Ocoee, Florida | Renter-occupied housing units by no. of bedrooms**
There are 1,365 rentals in Ocoee, Florida with 3 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 66 units. Overall, the median number of rooms in Ocoee, Florida homes for rent is 4.9.
Ocoee, Florida |Renter-occupied units by age of householder**
Most condos for rent in Ocoee, Florida are occupied by residents in the 35 - 44 years age group (34%), followed by those in the 25 - 34 years age group (33%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Ocoee, Florida | Renter-occupied housing units by family type**
Ocoee, Florida | Renter-occupied housing units by the presence of own children**
A total of 2,759 apartments for rent in Ocoee, Florida, or 71% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 1,754 units. All in all, the median size of a renter-occupied household in Ocoee, Florida is 3.29.
Ocoee, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Ocoee, Florida.
Ocoee, Florida | Renter-occupied units by year structure built**
The highest share of Ocoee, Florida apartment rentals, namely 23% or 910 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (20%, 783 units), and the ones Built 1990 - 1999 (18%, 711 units).
Ocoee, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Ocoee, Florida renters (55%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Ocoee, Florida condos for rent is 2017.
Ocoee, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Ocoee, Florida renters have 2 vehicles available per household, 42% of them have 1 vehicle available, and 7% have No vehicle available.
Ocoee, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Ocoee, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Ocoee, 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 Ocoee, 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