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 | Baker County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $560,714 | $293,727 | $242,182 |
| Price Trend (Annual %) | 164.3% | 12.0% | 8.2% |
| Median Gross Rent | $1,011 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baker County is about 91% higher than in Florida. Rent is about 35% 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 Baker County, up about 164.3% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Baker County rose about 46.4% between 2015 and 2023, from $690 to $1,011. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 7.8 yearly household incomes in Baker County.
Buying the median-priced home in Baker County costs roughly 46.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Baker County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Baker County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $560,714 | $293,727 | $242,182 |
| Median Household Income | $71,506 | $71,865 | $78,145 |
| Price-to-Income Ratio | 7.8 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Baker County rose about 653.0%, while median household income rose about 53.9% 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 | Baker County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.9% | 57.1% | 58.2% |
| Rental Rate | 15.1% | 27.7% | 31.3% |
| Vacancy Rate | 10.0% | 15.2% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Baker County has a homeownership rate of 74.9%, higher than the Florida average of 57.1%. Its housing vacancy rate is 10.0%, compared with 15.2% in Florida.
Housing Stock
| Metric | Baker County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1994 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in Baker County was built around 1994. On average, 2.8 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baker County, Florida.
What is the median home price in Baker County, Florida?
The median home price in Baker County, Florida is $560,714, higher than the Florida average of $293,727.
What is the average home price in Baker 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 Baker County, Florida?
The median gross rent in Baker County, Florida is $1,011 per month, lower than the Florida average of $1,564.
What was the median gross rent in Baker County in 2020?
In 2020, the median gross rent in Baker County, Florida was $784 per month.
What is the price-to-rent ratio in Baker County, Florida?
The price-to-rent ratio in Baker County, Florida is about 46.2, meaning it would take roughly 46.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Baker County.
Are home prices or rent rising faster in Baker County, Florida?
Both home prices and rent are rising in Baker County, up about 164.3% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baker County, Florida?
74.9% of households in Baker County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Baker County, Florida?
The housing vacancy rate in Baker County, Florida is 10.0%, lower than the Florida average of 15.2%.