Alafaya, Florida Housing Market Prices
Alafaya Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 42% above the Florida median$441,865
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Median rent 16% above the Florida median$1,938
Housing Market Overview
| Metric | Alafaya | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $441,865 | $311,338 | $248,835 |
| Price Trend (Annual %) | 16.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,938 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alafaya is about 42% higher than in Florida. Rent is about 16% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alafaya, up about 16.8% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Alafaya rose about 59.6% between 2015 and 2024, from $1,214 to $1,938. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Alafaya.
Buying the median-priced home in Alafaya costs roughly 19.0 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 Alafaya. The price-to-rent ratio in Florida is about 15.6.
| Metric | Alafaya | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $441,865 | $311,338 | $248,835 |
| Median Household Income | $103,060 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alafaya rose about 200.8%, while median household income rose about 47.4% between 2009 and 2025 — 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 | Alafaya | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 57.7% | 58.5% |
| Rental Rate | 33.2% | 27.7% | 31.2% |
| Vacancy Rate | 4.0% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Alafaya has a homeownership rate of 62.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 4.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Alafaya | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2001 | 1988 | 1978 |
| Median Number of Rooms | 6.2 | 5.2 | 5.5 |
The typical housing unit in Alafaya was built around 2001. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 12.0 years on average.
Alafaya, FL Housing Compared With Nearby Cities
How Alafaya, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alafaya, FL | 87,466 | $441,865 #1/2 | $1,938 #1/2 | 65.4% #1/2 |
| University, FL | 42,090 | $263,302 | $1,467 | 39.0% |
Frequently Asked Questions
Common questions about the housing market in Alafaya, Florida.
What is the median home price in Alafaya, Florida?
The median home price in Alafaya, Florida is $441,865, higher than the Florida average of $311,338.
What is the average home price in Alafaya, Florida?
The typical home price in Alafaya, Florida, reported as the median sale price, is $441,865. 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 Alafaya, Florida?
The median gross rent in Alafaya, Florida is $1,938 per month, higher than the Florida average of $1,668.
What was the median gross rent in Alafaya in 2020?
In 2020, the median gross rent in Alafaya, Florida was $1,535 per month.
What is the price-to-rent ratio in Alafaya, Florida?
The price-to-rent ratio in Alafaya, Florida is about 19.0, meaning it would take roughly 19.0 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 Alafaya.
Are home prices or rent rising faster in Alafaya, Florida?
Both home prices and rent are rising in Alafaya, up about 16.8% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alafaya, Florida?
62.8% of households in Alafaya, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Alafaya, Florida?
The housing vacancy rate in Alafaya, Florida is 4.0%, lower than the Florida average of 14.6%.
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