Seminole, 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 Seminole, Florida rental market.
Highlights
An apartment for rent in Seminole, Florida typically goes for $1,777 per month, while a single-family home for rent in Seminole, Florida has a monthly cost of around $3,220. Renter-occupied units make up 29% of the local housing market, while the rental vacancy rate in Seminole, Florida is at 8.9.
Seminole, Florida
Average Apartment Rent
$1,777
Y-o-Y Change in Average
Apartment Rent
0.3%
Average Single-Family Rent
$3,220
As of November 2024
Compared to a year ago, Seminole, Florida apartments have recorded a 0.3% rent increase.
Seminole, Florida Average apartment rent trend
Seminole, Florida Average Apartment Rent
Seminole, Florida Apartment rent ranges
At 48.21%, apartments priced $1,500 - $2,000 represent the bulk of Seminole, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.31%.
Seminole, Florida Housing tenure**
Renters take up 29% of Seminole, Florida real estate, occupying a total of 2,596 units, while homeowners live in 6,378 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$49,012
Average household size of renter-occupied housing units**
1.69
Rental vacancy rate**
8.9%
Seminole, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,075 rentals in Seminole, Florida with 1 bed making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 30 units. Overall, the median number of rooms in Seminole, Florida homes for rent is 3.9.
Seminole, Florida Renter-occupied units by age of householder**
Most condos for rent in Seminole, Florida are occupied by residents in the 35 - 44 years age group (19%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Seminole, Florida Renter-occupied housing units by family type**
Seminole, Florida Renter-occupied housing units by the presence of own children**
A total of 863 apartments for rent in Seminole, Florida, or 33% of all rentals are family households. Additionally, 13% of rental homes include children under the age of 18 – that’s 341 units. All in all, the median size of a renter-occupied household in Seminole, Florida is 1.69.
Seminole, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Seminole, Florida.
Seminole, Florida Renter-occupied units by year structure built**
The highest share of Seminole, Florida apartment rentals, namely 35% or 918 units, were Built 1970 - 1979, followed by those Built 2010 - 2019 (19%, 506 units), and the ones Built 1980 - 1989 (17%, 441 units).
Seminole, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Seminole, Florida renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Seminole, Florida condos for rent is 2016.
Seminole, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 61% of Seminole, Florida renters have 1 vehicle available per household, 21% of them have 2 vehicles available, and 14% have No vehicle available.
Seminole, Florida Means of transportation to work of householders living in renter-occupied housing units**
Seminole, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Seminole, 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 Seminole, 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
