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 | Ensley | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,435 | $293,727 | $242,182 |
| Price Trend (Annual %) | 18.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,384 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ensley is about 75% lower than in Florida. Rent is about 12% 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 Ensley, up about 18.4% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Ensley rose about 49.5% between 2015 and 2023, from $926 to $1,384. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Ensley.
Buying the median-priced home in Ensley costs roughly 4.4 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 Ensley. The price-to-rent ratio in Florida is about 15.7.
| Metric | Ensley | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,435 | $293,727 | $242,182 |
| Median Household Income | $59,507 | $71,865 | $78,145 |
| Price-to-Income Ratio | 1.2 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ensley fell about 43.1%, while median household income rose about 40.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ensley | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.5% | 57.1% | 58.2% |
| Rental Rate | 37.6% | 27.7% | 31.3% |
| Vacancy Rate | 9.9% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Ensley has a homeownership rate of 52.5%, lower than the Florida average of 57.1%. Its housing vacancy rate is 9.9%, compared with 15.2% in Florida.
Housing Stock
| Metric | Ensley | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Ensley was built around 1989. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ensley, Florida.
What is the median home price in Ensley, Florida?
The median home price in Ensley, Florida is $73,435, lower than the Florida average of $293,727.
What is the average home price in Ensley, 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 Ensley, Florida?
The median gross rent in Ensley, Florida is $1,384 per month, lower than the Florida average of $1,564.
What was the median gross rent in Ensley in 2020?
In 2020, the median gross rent in Ensley, Florida was $1,101 per month.
What is the price-to-rent ratio in Ensley, Florida?
The price-to-rent ratio in Ensley, Florida is about 4.4, meaning it would take roughly 4.4 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 Ensley.
Are home prices or rent rising faster in Ensley, Florida?
Both home prices and rent are rising in Ensley, up about 18.4% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ensley, Florida?
52.5% of households in Ensley, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Ensley, Florida?
The housing vacancy rate in Ensley, Florida is 9.9%, lower than the Florida average of 15.2%.