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 | DeBary | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,285 | $293,727 | $242,182 |
| Price Trend (Annual %) | 40.9% | 12.0% | 8.2% |
| Median Gross Rent | $1,487 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeBary is about 51% higher than in Florida. Rent is about 5% 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 DeBary, up about 40.9% and 5.7% a year respectively. Home prices are changing faster.
Median rent in DeBary rose about 38.1% between 2015 and 2023, from $1,077 to $1,487. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in DeBary.
Buying the median-priced home in DeBary costs roughly 24.8 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 DeBary. The price-to-rent ratio in Florida is about 15.7.
| Metric | DeBary | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,285 | $293,727 | $242,182 |
| Median Household Income | $89,152 | $71,865 | $78,145 |
| Price-to-Income Ratio | 5.0 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DeBary rose about 339.6%, while median household income rose about 56.2% 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 | DeBary | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.7% | 57.1% | 58.2% |
| Rental Rate | 15.6% | 27.7% | 31.3% |
| Vacancy Rate | 4.7% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
DeBary has a homeownership rate of 79.7%, higher than the Florida average of 57.1%. Its housing vacancy rate is 4.7%, compared with 15.2% in Florida.
Housing Stock
| Metric | DeBary | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1994 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in DeBary was built around 1994. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeBary, Florida.
What is the median home price in DeBary, Florida?
The median home price in DeBary, Florida is $443,285, higher than the Florida average of $293,727.
What is the average home price in DeBary, 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 DeBary, Florida?
The median gross rent in DeBary, Florida is $1,487 per month, lower than the Florida average of $1,564.
What was the median gross rent in DeBary in 2020?
In 2020, the median gross rent in DeBary, Florida was $1,128 per month.
What is the price-to-rent ratio in DeBary, Florida?
The price-to-rent ratio in DeBary, Florida is about 24.8, meaning it would take roughly 24.8 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 DeBary.
Are home prices or rent rising faster in DeBary, Florida?
Both home prices and rent are rising in DeBary, up about 40.9% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeBary, Florida?
79.7% of households in DeBary, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in DeBary, Florida?
The housing vacancy rate in DeBary, Florida is 4.7%, lower than the Florida average of 15.2%.