Citrus Park, Florida Housing Market Prices
Citrus Park 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% above the Florida median$449,980
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Median rent 15% above the Florida median$1,920
Housing Market Overview
| Metric | Citrus Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,980 | $311,338 | $248,835 |
| Price Trend (Annual %) | 24.0% | 11.2% | 7.5% |
| Median Gross Rent | $1,920 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Citrus Park is about 45% higher than in Florida. Rent is about 15% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Citrus Park, up about 24.0% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Citrus Park rose about 69.5% between 2015 and 2024, from $1,132 to $1,920. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Citrus Park.
Buying the median-priced home in Citrus Park costs roughly 19.5 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 Citrus Park. The price-to-rent ratio in Florida is about 15.6.
| Metric | Citrus Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,980 | $311,338 | $248,835 |
| Median Household Income | $87,436 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Citrus Park rose about 176.9%, while median household income rose about 26.0% 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 Park | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 57.7% | 58.5% |
| Rental Rate | 31.7% | 27.7% | 31.2% |
| Vacancy Rate | 4.7% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Citrus Park has a homeownership rate of 63.6%, higher than the Florida average of 57.7%. Its housing vacancy rate is 4.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Citrus Park | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1994 | 1988 | 1978 |
| Median Number of Rooms | 5.7 | 5.2 | 5.5 |
The typical housing unit in Citrus Park was built around 1994. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Citrus Park, FL Housing Compared With Nearby Cities
How Citrus Park, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Citrus Park, FL | 27,910 | $449,980 #1/2 | $1,920 #1/2 | 66.7% #1/2 |
| Town 'n' Country, FL | 84,768 | $49,025 | $1,762 | 58.8% |
Frequently Asked Questions
Common questions about the housing market in Citrus Park, Florida.
What is the median home price in Citrus Park, Florida?
The median home price in Citrus Park, Florida is $449,980, higher than the Florida average of $311,338.
What is the average home price in Citrus Park, Florida?
The typical home price in Citrus Park, Florida, reported as the median sale price, is $449,980. 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 Park, Florida?
The median gross rent in Citrus Park, Florida is $1,920 per month, higher than the Florida average of $1,668.
What was the median gross rent in Citrus Park in 2020?
In 2020, the median gross rent in Citrus Park, Florida was $1,361 per month.
What is the price-to-rent ratio in Citrus Park, Florida?
The price-to-rent ratio in Citrus Park, Florida is about 19.5, meaning it would take roughly 19.5 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 Citrus Park.
Are home prices or rent rising faster in Citrus Park, Florida?
Both home prices and rent are rising in Citrus Park, up about 24.0% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Citrus Park, Florida?
63.6% of households in Citrus Park, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Citrus Park, Florida?
The housing vacancy rate in Citrus Park, Florida is 4.7%, lower than the Florida average of 14.6%.
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