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 | Dixie County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,666 | $293,727 | $242,182 |
| Price Trend (Annual %) | 169.5% | 12.0% | 8.2% |
| Median Gross Rent | $792 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dixie County is about 1% lower than in Florida. Rent is about 49% 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 Dixie County, up about 169.5% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Dixie County rose about 22.6% between 2015 and 2023, from $646 to $792. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Dixie County.
Buying the median-priced home in Dixie County costs roughly 30.7 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 Dixie County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Dixie County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,666 | $293,727 | $242,182 |
| Median Household Income | $46,043 | $71,865 | $78,145 |
| Price-to-Income Ratio | 6.3 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dixie County rose about 170.4%, while median household income rose about 47.6% 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 | Dixie County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.9% | 57.1% | 58.2% |
| Rental Rate | 10.6% | 27.7% | 31.3% |
| Vacancy Rate | 34.5% | 15.2% | 10.6% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Dixie County has a homeownership rate of 54.9%, lower than the Florida average of 57.1%. Its housing vacancy rate is 34.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Dixie County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Dixie County was built around 1989. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dixie County, Florida.
What is the median home price in Dixie County, Florida?
The median home price in Dixie County, Florida is $291,666, lower than the Florida average of $293,727.
What is the average home price in Dixie 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 Dixie County, Florida?
The median gross rent in Dixie County, Florida is $792 per month, lower than the Florida average of $1,564.
What was the median gross rent in Dixie County in 2020?
In 2020, the median gross rent in Dixie County, Florida was $628 per month.
What is the price-to-rent ratio in Dixie County, Florida?
The price-to-rent ratio in Dixie County, Florida is about 30.7, meaning it would take roughly 30.7 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 Dixie County.
Are home prices or rent rising faster in Dixie County, Florida?
Both home prices and rent are rising in Dixie County, up about 169.5% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dixie County, Florida?
54.9% of households in Dixie County, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Dixie County, Florida?
The housing vacancy rate in Dixie County, Florida is 34.5%, higher than the Florida average of 15.2%.