Brandon, Florida Housing Market Prices
Brandon Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 2% below the Florida median$305,812
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Median rent 7% above the Florida median$1,783
Housing Market Overview
| Metric | Brandon | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,812 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.6% | 11.2% | 7.5% |
| Median Gross Rent | $1,783 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brandon is about 2% lower than in Florida. Rent is about 7% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Brandon, up about 11.6% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Brandon rose about 64.7% between 2015 and 2024, from $1,083 to $1,783. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Brandon.
Buying the median-priced home in Brandon costs roughly 14.3 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 Brandon. The price-to-rent ratio in Florida is about 15.6.
| Metric | Brandon | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,812 | $311,338 | $248,835 |
| Median Household Income | $80,046 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Brandon rose about 133.2%, while median household income rose about 30.3% between 2009 and 2025 — 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 | Brandon | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 57.7% | 58.5% |
| Rental Rate | 41.0% | 27.7% | 31.2% |
| Vacancy Rate | 6.2% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Brandon has a homeownership rate of 52.7%, lower than the Florida average of 57.7%. Its housing vacancy rate is 6.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Brandon | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1992 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Brandon was built around 1992. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brandon, Florida.
What is the median home price in Brandon, Florida?
The median home price in Brandon, Florida is $305,812, lower than the Florida average of $311,338.
What is the average home price in Brandon, Florida?
The typical home price in Brandon, Florida, reported as the median sale price, is $305,812. 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 Brandon, Florida?
The median gross rent in Brandon, Florida is $1,783 per month, higher than the Florida average of $1,668.
What was the median gross rent in Brandon in 2020?
In 2020, the median gross rent in Brandon, Florida was $1,334 per month.
What is the price-to-rent ratio in Brandon, Florida?
The price-to-rent ratio in Brandon, Florida is about 14.3, meaning it would take roughly 14.3 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 Brandon.
Are home prices or rent rising faster in Brandon, Florida?
Both home prices and rent are rising in Brandon, up about 11.6% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brandon, Florida?
52.7% of households in Brandon, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Brandon, Florida?
The housing vacancy rate in Brandon, Florida is 6.2%, lower than the Florida average of 14.6%.
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