Satellite 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 Satellite Beach, Florida rental market.
Satellite Beach, Florida
Average Apartment Rent
$1,703
Y-o-Y Change in Average
Apartment Rent
1.8%
As of July 2024
Compared to a year ago, Satellite Beach, Florida apartments have recorded a 1.8% rent increase.
Satellite Beach, Florida |Average apartment rent trend
Satellite Beach, Florida| Average apartment rent
Satellite Beach, Florida | Apartment rent ranges
At 49.38%, apartments priced $1,500 - $2,000 represent the bulk of Satellite Beach, Florida rentals, while condos priced Over $2,000 hold the lowest share of the market – 18.8%.
Satellite Beach, Florida | Housing tenure**
Renters take up 15% of Satellite Beach, Florida real estate, occupying a total of 624 units, while homeowners live in 3,536 properties.
Median number of rooms of renter-occupied housing units**
5.3
Renter median household income**
$71,667
Average household size of renter-occupied housing units**
2.96
Rental vacancy rate**
8.8%
Satellite Beach, Florida | Renter-occupied housing units by no. of bedrooms**
There are 249 rentals in Satellite Beach, Florida with 3 beds making up the highest share of the market, at 40%. Units with 1 bed, on the other hand, hold the lowest percentage (4%), amounting to 23 units. Overall, the median number of rooms in Satellite Beach, Florida homes for rent is 5.3.
Satellite Beach, Florida |Renter-occupied units by age of householder**
Most condos for rent in Satellite Beach, Florida are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Satellite Beach, Florida | Renter-occupied housing units by family type**
Satellite Beach, Florida | Renter-occupied housing units by the presence of own children**
A total of 443 apartments for rent in Satellite Beach, Florida, or 71% of all rentals are family households. Additionally, 50% of rental homes include children under the age of 18 – that’s 309 units. All in all, the median size of a renter-occupied household in Satellite Beach, Florida is 2.96.
Satellite Beach, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Satellite Beach, Florida.
Satellite Beach, Florida | Renter-occupied units by year structure built**
The highest share of Satellite Beach, Florida apartment rentals, namely 26% or 160 units, were Built 1960 - 1969, followed by those Built 1980 - 1989 (21%, 128 units), and the ones Built 2000 - 2009 (19%, 120 units).
Satellite Beach, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Satellite Beach, Florida renters (46%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Satellite Beach, Florida condos for rent is 2019.
Satellite Beach, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Satellite Beach, Florida renters have 2 vehicles available per household, 37% of them have 1 vehicle available, and 7% have 3 vehicles available.
Satellite Beach, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Satellite Beach, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Satellite 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 Satellite 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
