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 | Brent | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,181 | $293,727 | $242,182 |
| Price Trend (Annual %) | 47.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,087 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brent is about 28% lower than in Florida. Rent is about 30% 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 Brent, up about 47.4% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Brent rose about 28.4% between 2015 and 2023, from $846 to $1,087. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Brent.
Buying the median-priced home in Brent costs roughly 16.3 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 Brent. The price-to-rent ratio in Florida is about 15.7.
| Metric | Brent | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,181 | $293,727 | $242,182 |
| Median Household Income | $49,141 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.3 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brent rose about 295.6%, while median household income rose about 57.2% 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 | Brent | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.0% | 57.1% | 58.2% |
| Rental Rate | 44.6% | 27.7% | 31.3% |
| Vacancy Rate | 10.4% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Brent has a homeownership rate of 45.0%, lower than the Florida average of 57.1%. Its housing vacancy rate is 10.4%, compared with 15.2% in Florida.
Housing Stock
| Metric | Brent | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1972 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Brent was built around 1972. On average, 2.5 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brent, Florida.
What is the median home price in Brent, Florida?
The median home price in Brent, Florida is $212,181, lower than the Florida average of $293,727.
What is the average home price in Brent, 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 Brent, Florida?
The median gross rent in Brent, Florida is $1,087 per month, lower than the Florida average of $1,564.
What was the median gross rent in Brent in 2020?
In 2020, the median gross rent in Brent, Florida was $893 per month.
What is the price-to-rent ratio in Brent, Florida?
The price-to-rent ratio in Brent, Florida is about 16.3, meaning it would take roughly 16.3 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 Brent.
Are home prices or rent rising faster in Brent, Florida?
Both home prices and rent are rising in Brent, up about 47.4% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brent, Florida?
45.0% of households in Brent, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Brent, Florida?
The housing vacancy rate in Brent, Florida is 10.4%, lower than the Florida average of 15.2%.