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 | Bellview | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,108 | $293,727 | $242,182 |
| Price Trend (Annual %) | 52.5% | 12.0% | 8.2% |
| Median Gross Rent | $1,204 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bellview is about 41% lower than in Florida. Rent is about 23% 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 Bellview, up about 52.5% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Bellview rose about 17.1% between 2015 and 2023, from $1,028 to $1,204. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Bellview.
Buying the median-priced home in Bellview costs roughly 11.9 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 Bellview. The price-to-rent ratio in Florida is about 15.7.
| Metric | Bellview | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,108 | $293,727 | $242,182 |
| Median Household Income | $63,542 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bellview rose about 79.5%, while median household income rose about 34.9% 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 | Bellview | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 57.1% | 58.2% |
| Rental Rate | 27.1% | 27.7% | 31.3% |
| Vacancy Rate | 8.0% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Bellview has a homeownership rate of 65.0%, higher than the Florida average of 57.1%. Its housing vacancy rate is 8.0%, compared with 15.2% in Florida.
Housing Stock
| Metric | Bellview | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1983 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.2 | 5.5 |
The typical housing unit in Bellview was built around 1983. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bellview, Florida.
What is the median home price in Bellview, Florida?
The median home price in Bellview, Florida is $172,108, lower than the Florida average of $293,727.
What is the average home price in Bellview, 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 Bellview, Florida?
The median gross rent in Bellview, Florida is $1,204 per month, lower than the Florida average of $1,564.
What was the median gross rent in Bellview in 2020?
In 2020, the median gross rent in Bellview, Florida was $1,112 per month.
What is the price-to-rent ratio in Bellview, Florida?
The price-to-rent ratio in Bellview, Florida is about 11.9, meaning it would take roughly 11.9 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 Bellview.
Are home prices or rent rising faster in Bellview, Florida?
Both home prices and rent are rising in Bellview, up about 52.5% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bellview, Florida?
65.0% of households in Bellview, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Bellview, Florida?
The housing vacancy rate in Bellview, Florida is 8.0%, lower than the Florida average of 15.2%.