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 | Bartow | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,952 | $293,727 | $242,182 |
| Price Trend (Annual %) | 132.0% | 12.0% | 8.2% |
| Median Gross Rent | $1,045 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bartow is about 25% lower than in Florida. Rent is about 33% 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 Bartow, up about 132.0% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Bartow rose about 31.4% between 2015 and 2023, from $796 to $1,045. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Bartow.
Buying the median-priced home in Bartow costs roughly 17.5 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 Bartow. The price-to-rent ratio in Florida is about 15.7.
| Metric | Bartow | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,952 | $293,727 | $242,182 |
| Median Household Income | $65,117 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bartow rose about 115.4%, while median household income rose about 46.0% 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 | Bartow | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 57.1% | 58.2% |
| Rental Rate | 26.9% | 27.7% | 31.3% |
| Vacancy Rate | 9.5% | 15.2% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Bartow has a homeownership rate of 63.7%, higher than the Florida average of 57.1%. Its housing vacancy rate is 9.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Bartow | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1979 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Bartow was built around 1979. On average, 2.9 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bartow, Florida.
What is the median home price in Bartow, Florida?
The median home price in Bartow, Florida is $218,952, lower than the Florida average of $293,727.
What is the average home price in Bartow, 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 Bartow, Florida?
The median gross rent in Bartow, Florida is $1,045 per month, lower than the Florida average of $1,564.
What was the median gross rent in Bartow in 2020?
In 2020, the median gross rent in Bartow, Florida was $849 per month.
What is the price-to-rent ratio in Bartow, Florida?
The price-to-rent ratio in Bartow, Florida is about 17.5, meaning it would take roughly 17.5 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 Bartow.
Are home prices or rent rising faster in Bartow, Florida?
Both home prices and rent are rising in Bartow, up about 132.0% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bartow, Florida?
63.7% of households in Bartow, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Bartow, Florida?
The housing vacancy rate in Bartow, Florida is 9.5%, lower than the Florida average of 15.2%.