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 | Collier County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $517,715 | $293,727 | $242,182 |
| Price Trend (Annual %) | 8.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,751 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Collier County is about 76% higher than in Florida. Rent is about 12% higher 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 Collier County, up about 8.4% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Collier County rose about 64.8% between 2015 and 2023, from $1,063 to $1,751. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Collier County.
Buying the median-priced home in Collier County costs roughly 24.6 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 Collier County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Collier County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $517,715 | $293,727 | $242,182 |
| Median Household Income | $87,295 | $71,865 | $78,145 |
| Price-to-Income Ratio | 5.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Collier County rose about 109.3%, while median household income rose about 49.6% 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 | Collier County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.1% | 57.1% | 58.2% |
| Rental Rate | 16.5% | 27.7% | 31.3% |
| Vacancy Rate | 31.5% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Collier County has a homeownership rate of 52.1%, lower than the Florida average of 57.1%. Its housing vacancy rate is 31.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Collier County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1996 | 1987 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Collier County was built around 1996. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Collier County, Florida.
What is the median home price in Collier County, Florida?
The median home price in Collier County, Florida is $517,715, higher than the Florida average of $293,727.
What is the average home price in Collier 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 Collier County, Florida?
The median gross rent in Collier County, Florida is $1,751 per month, higher than the Florida average of $1,564.
What was the median gross rent in Collier County in 2020?
In 2020, the median gross rent in Collier County, Florida was $1,373 per month.
What is the price-to-rent ratio in Collier County, Florida?
The price-to-rent ratio in Collier County, Florida is about 24.6, meaning it would take roughly 24.6 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 Collier County.
Are home prices or rent rising faster in Collier County, Florida?
Both home prices and rent are rising in Collier County, up about 8.4% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Collier County, Florida?
52.1% of households in Collier County, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Collier County, Florida?
The housing vacancy rate in Collier County, Florida is 31.5%, higher than the Florida average of 15.2%.