What is the median rent in Pace, FL?
The median gross rent in Pace, FL is $1,282 (±$168) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,394 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Pace, the median gross rent went from $1,092 in 2015–2019 to $1,282 in 2020–2024 (+17.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,282 (±$168)
- Rented homes
- 1,394 (±277)
- $2,000 or more
- 23.8%
- Since 2015–2019
- +17.4%
How much rent costs in Pace
| Monthly gross rent | Pace | Santa Rosa County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 6.1% (±8.5 points) | 4.6% | 3.6% | 6.3% |
| $500 to $999 | 25.3% (±9.4 points) | 15.6% | 10.7% | 20.2% |
| $1,000 to $1,499 | 29.9% (±11.9 points) | 27.5% | 26.0% | 28.1% |
| $1,500 to $1,999 | 14.8% (±7.0 points) | 27.4% | 28.8% | 21.1% |
| $2,000 to $2,499 | 16.6% (±10.0 points) | 16.5% | 17.4% | 12.0% |
| $2,500 to $2,999 | 6.1% (±4.6 points) | 3.9% | 7.2% | 5.5% |
| $3,000 or more | 1.1% (±1.8 points) | 4.6% | 6.3% | 6.8% |
The most common range is $1,000 to $1,499, paid by 29.9% of renting households.
23.8% of rented homes in Pace cost $2,000 or more a month.
Pace against Santa Rosa County, its state and the nation
| Pace | Santa Rosa County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $1,282 (±$168) | $1,544 (±$73) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 1,394 (±277) | 13,039 (±1,038) | 2,716,443 (±16,958) | 42,849,984 |
In Pace, median gross rent is lower than in Santa Rosa County ($1,544).
It is also lower than in Florida ($1,669).
It is not measurably different from the national figure ($1,413).
In Santa Rosa County, Pace ranks 11 of 16 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 550 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Pace has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,092 (±$86) | $1,282 (±$168) | +17.4% | No measurable change after inflation |
| Households that rent | 22.8% (±3.6 points) | 17.0% (±3.4 points) | −5.8 percentage points | Measurable decrease |
| Rental vacancy rate | 3.5% (±4.2 points) | 0.0% (±3.2 points) | −3.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Pace
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Pace | — | $1,282 (±$168) | — |
| Pea Ridge | 4.1 mi | $1,252 (±$205) | Not measurably different |
| Wallace | 4.3 mi | $1,411 (±$1,371) | Not measurably different |
| Ferry Pass | 6.7 mi | $1,383 (±$65) | Not measurably different |
| Milton | 6.8 mi | $1,455 (±$282) | Not measurably different |
| Bagdad | 7.5 mi | $945 (±$224) | Lower |
| Gonzalez | 7.5 mi | $1,250 (±$339) | Not measurably different |
| Point Baker | 8.3 mi | $1,145 (±$146) | Not measurably different |
| Ensley | 9.0 mi | $1,378 (±$69) | Not measurably different |
Nearby places with a measurably lower figure: Bagdad, FL ($945).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Santa Rosa County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 5 | Navarre Beach | $1,761 (±$107) |
| 6 | Holley | $1,677 (±$195) |
| 7 | Midway (community, Santa Rosa County) | $1,645 (±$254) |
| 8 | Gulf Breeze | $1,536 (±$772) |
| 9 | Milton | $1,455 (±$282) |
| 10 | Wallace | $1,411 (±$1,371) |
| 11 | Pace | $1,282 (±$168) |
| 12 | Pea Ridge | $1,252 (±$205) |
| 13 | East Milton | $1,157 (±$306) |
| 14 | Point Baker | $1,145 (±$146) |
| 15 | Jay | $1,117 (±$128) |
| 16 | Bagdad | $945 (±$224) |
Showing 12 of 16 places in Santa Rosa County, ranked from highest to lowest.
Pace is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Pace
What is the average rent in Pace, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Pace is $1,282 (±$168) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Pace?
In Pace, the median gross rent went from $1,092 in 2015–2019 to $1,282 in 2020–2024 (+17.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Pace cost more than $2,000 a month?
23.8% of rented homes in Pace have a gross rent of $2,000 or more a month, and 6.1% cost less than $500.
Is rent in Pace higher than in Santa Rosa County?
In Pace, median gross rent is lower than in Santa Rosa County ($1,544).
It is also lower than in Florida ($1,669).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Pace CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Pace CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Pace CDP, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Pace CDP, Florida (place:53725, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Homeowner costs in Pace
- Property taxes in Pace
- Types of homes in Pace
- Bedrooms in Pace
- Age of homes in Pace
- Heating fuel in Pace
- Commute and cars in Pace
- Population growth in Pace
- How long people stay in Pace
- Crowding and facilities in Pace
- Florida landlord and tenant rules
- Housing across Santa Rosa County
- Florida places ranked by median rent
- Housing data for every place in Florida