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 | Bradford County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,433 | $293,727 | $242,182 |
| Price Trend (Annual %) | 17.8% | 12.0% | 8.2% |
| Median Gross Rent | $837 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 2.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bradford County is about 4% lower than in Florida. Rent is about 46% 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 Bradford County, up about 17.8% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Bradford County rose about 18.8% between 2015 and 2023, from $705 to $837. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Bradford County.
Buying the median-priced home in Bradford County costs roughly 28.0 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 Bradford County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Bradford County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $281,433 | $293,727 | $242,182 |
| Median Household Income | $59,633 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bradford County rose about 129.4%, while median household income rose about 46.5% 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 | Bradford County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 57.1% | 58.2% |
| Rental Rate | 24.5% | 27.7% | 31.3% |
| Vacancy Rate | 15.9% | 15.2% | 10.6% |
| Median Tenure (years) | 19.0 | 13.0 | 15.0 |
| Median Year Moved In | 2007 | 2013 | 2011 |
Bradford County has a homeownership rate of 59.6%, higher than the Florida average of 57.1%. Its housing vacancy rate is 15.9%, compared with 15.2% in Florida.
Housing Stock
| Metric | Bradford County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.2 | 5.5 |
The typical housing unit in Bradford County was built around 1984. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bradford County, Florida.
What is the median home price in Bradford County, Florida?
The median home price in Bradford County, Florida is $281,433, lower than the Florida average of $293,727.
What is the average home price in Bradford 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 Bradford County, Florida?
The median gross rent in Bradford County, Florida is $837 per month, lower than the Florida average of $1,564.
What was the median gross rent in Bradford County in 2020?
In 2020, the median gross rent in Bradford County, Florida was $815 per month.
What is the price-to-rent ratio in Bradford County, Florida?
The price-to-rent ratio in Bradford County, Florida is about 28.0, meaning it would take roughly 28.0 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 Bradford County.
Are home prices or rent rising faster in Bradford County, Florida?
Both home prices and rent are rising in Bradford County, up about 17.8% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bradford County, Florida?
59.6% of households in Bradford County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Bradford County, Florida?
The housing vacancy rate in Bradford County, Florida is 15.9%, higher than the Florida average of 15.2%.