Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alachua County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,523 | $293,727 | $242,182 |
| Price Trend (Annual %) | 13.0% | 12.0% | 8.2% |
| Median Gross Rent | $1,255 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alachua County is about 16% lower than in Florida. Rent is about 20% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Alachua County, up about 13.0% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Alachua County rose about 44.1% between 2015 and 2023, from $871 to $1,255. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Alachua County.
Buying the median-priced home in Alachua County costs roughly 16.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alachua County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Alachua County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,523 | $293,727 | $242,182 |
| Median Household Income | $59,632 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.1 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Alachua County rose about 111.7%, while median household income rose about 51.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alachua County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.5% | 57.1% | 58.2% |
| Rental Rate | 41.2% | 27.7% | 31.3% |
| Vacancy Rate | 10.3% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Alachua County has a homeownership rate of 48.5%, lower than the Florida average of 57.1%. Its housing vacancy rate is 10.3%, compared with 15.2% in Florida.
Housing Stock
| Metric | Alachua County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.2 | 5.2 | 5.5 |
The typical housing unit in Alachua County was built around 1988. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Alachua County, Florida.
What is the median home price in Alachua County, Florida?
The median home price in Alachua County, Florida is $246,523, lower than the Florida average of $293,727.
What is the average home price in Alachua County, Florida?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alachua County, Florida?
The median gross rent in Alachua County, Florida is $1,255 per month, lower than the Florida average of $1,564.
What was the median gross rent in Alachua County in 2020?
In 2020, the median gross rent in Alachua County, Florida was $1,004 per month.
What is the price-to-rent ratio in Alachua County, Florida?
The price-to-rent ratio in Alachua County, Florida is about 16.4, meaning it would take roughly 16.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alachua County.
Are home prices or rent rising faster in Alachua County, Florida?
Both home prices and rent are rising in Alachua County, up about 13.0% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alachua County, Florida?
48.5% of households in Alachua County, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Alachua County, Florida?
The housing vacancy rate in Alachua County, Florida is 10.3%, lower than the Florida average of 15.2%.