Citrus County, Florida Housing Market Prices
Citrus County 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 45% below the Florida median Cheaper than 76% of counties in Florida$171,305
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Median rent 34% below the Florida median$1,107
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Citrus County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,305 | $311,338 | $248,835 |
| Price Trend (Annual %) | 8.9% | 11.2% | 7.5% |
| Median Gross Rent | $1,107 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Citrus County is about 45% lower than in Florida. Rent is about 34% lower 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 Citrus County, up about 8.9% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Citrus County rose about 44.4% between 2015 and 2024, from $766 to $1,107. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Citrus County.
Buying the median-priced home in Citrus County costs roughly 12.9 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 Citrus County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Citrus County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,305 | $311,338 | $248,835 |
| Median Household Income | $56,112 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Citrus County rose about 106.9%, while median household income rose about 37.4% 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 | Citrus County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.5% | 57.7% | 58.5% |
| Rental Rate | 12.4% | 27.7% | 31.2% |
| Vacancy Rate | 16.1% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Citrus County has a homeownership rate of 71.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 16.1%, compared with 14.6% in Florida.
Housing Stock
| Metric | Citrus County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Citrus County was built around 1991. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Citrus County, FL Housing Compared With Nearby Counties
Citrus County, FL is the 4th largest of the 5 counties compared here, 162,471 residents against a local median of 303,540. Where Citrus County, FL breaks from the counties next to it is median home price, sitting 32% below the local median of $251,133 at $171,305.
The counties themselves spread $123,203 on median home price, so Citrus County, FL sits at one end of an already wide local range rather than apart from it. Citrus County, FL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Citrus County, FL | 162,471 | $171,305 #5/5 | $1,107 #5/5 | 85.2% #2/5 |
| Hernando County, FL | 207,007 | $263,027 | $1,297 | 82.5% |
| Sumter County, FL | 143,408 | $342,264 | $1,269 | 87.6% |
| Pasco County, FL | 611,333 | $239,239 | $1,505 | 75.7% |
| Marion County, FL | 400,073 | $219,062 | $1,277 | 77.5% |
Frequently Asked Questions
Common questions about the housing market in Citrus County, Florida.
What is the median home price in Citrus County, Florida?
The median home price in Citrus County, Florida is $171,305, lower than the Florida average of $311,338.
What is the average home price in Citrus County, Florida?
The typical home price in Citrus County, Florida, reported as the median sale price, is $171,305. 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 Citrus County, Florida?
The median gross rent in Citrus County, Florida is $1,107 per month, lower than the Florida average of $1,668.
What was the median gross rent in Citrus County in 2020?
In 2020, the median gross rent in Citrus County, Florida was $846 per month.
What is the price-to-rent ratio in Citrus County, Florida?
The price-to-rent ratio in Citrus County, Florida is about 12.9, meaning it would take roughly 12.9 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 Citrus County.
Are home prices or rent rising faster in Citrus County, Florida?
Both home prices and rent are rising in Citrus County, up about 8.9% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Citrus County, Florida?
71.5% of households in Citrus County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Citrus County, Florida?
The housing vacancy rate in Citrus County, Florida is 16.1%, higher than the Florida average of 14.6%.
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