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.
Housing Market Overview
| Metric | Apollo Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,083 | $293,727 | $242,182 |
| Price Trend (Annual %) | 8.1% | 12.0% | 8.2% |
| Median Gross Rent | $2,061 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Apollo Beach is about 11% lower than in Florida. Rent is about 32% higher 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 Apollo Beach, up about 8.1% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Apollo Beach rose about 45.1% between 2015 and 2023, from $1,421 to $2,061. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Apollo Beach.
Buying the median-priced home in Apollo Beach costs roughly 10.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Apollo Beach. The price-to-rent ratio in Florida is about 15.7.
| Metric | Apollo Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,083 | $293,727 | $242,182 |
| Median Household Income | $105,952 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.5 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Apollo Beach rose about 65.1%, while median household income rose about 100.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Apollo Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.8% | 57.1% | 58.2% |
| Rental Rate | 17.1% | 27.7% | 31.3% |
| Vacancy Rate | 8.1% | 15.2% | 10.6% |
| Median Tenure (years) | 8.0 | 13.0 | 15.0 |
| Median Year Moved In | 2018 | 2013 | 2011 |
Apollo Beach has a homeownership rate of 74.8%, higher than the Florida average of 57.1%. Its housing vacancy rate is 8.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Apollo Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1998 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in Apollo Beach was built around 1998. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 8.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Apollo Beach, Florida.
What is the median home price in Apollo Beach, Florida?
The median home price in Apollo Beach, Florida is $261,083, lower than the Florida average of $293,727.
What is the average home price in Apollo Beach, 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 Apollo Beach, Florida?
The median gross rent in Apollo Beach, Florida is $2,061 per month, higher than the Florida average of $1,564.
What was the median gross rent in Apollo Beach in 2020?
In 2020, the median gross rent in Apollo Beach, Florida was $1,519 per month.
What is the price-to-rent ratio in Apollo Beach, Florida?
The price-to-rent ratio in Apollo Beach, Florida is about 10.6, meaning it would take roughly 10.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Apollo Beach.
Are home prices or rent rising faster in Apollo Beach, Florida?
Both home prices and rent are rising in Apollo Beach, up about 8.1% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Apollo Beach, Florida?
74.8% of households in Apollo Beach, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Apollo Beach, Florida?
The housing vacancy rate in Apollo Beach, Florida is 8.1%, lower than the Florida average of 15.2%.