Ferry Pass, Florida Housing Market Prices
Ferry Pass 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 5% above the Florida median$327,724
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Median rent 15% below the Florida median$1,411
Housing Market Overview
| Metric | Ferry Pass | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,724 | $311,338 | $248,835 |
| Price Trend (Annual %) | 25.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,411 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ferry Pass is about 5% higher than in Florida. Rent is about 15% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ferry Pass, up about 25.1% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Ferry Pass rose about 53.6% between 2015 and 2024, from $918 to $1,411. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Ferry Pass.
Buying the median-priced home in Ferry Pass costs roughly 19.4 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 Ferry Pass. The price-to-rent ratio in Florida is about 15.6.
| Metric | Ferry Pass | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,724 | $311,338 | $248,835 |
| Median Household Income | $66,266 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ferry Pass rose about 156.9%, while median household income rose about 34.5% 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 | Ferry Pass | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.2% | 57.7% | 58.5% |
| Rental Rate | 46.4% | 27.7% | 31.2% |
| Vacancy Rate | 7.4% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Ferry Pass has a homeownership rate of 46.2%, lower than the Florida average of 57.7%. Its housing vacancy rate is 7.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Ferry Pass | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1983 | 1988 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Ferry Pass was built around 1983. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 10.0 years on average.
Ferry Pass, FL Housing Compared With Nearby Cities
Ferry Pass, FL is the 2nd largest of the 4 cities compared here, 32,041 residents against a local median of 21,878. The measure that sets Ferry Pass, FL apart most is median home price: $327,724, 31% above the local median of $251,012.
The cities themselves sit within $41,770 of each other on median home price, a tighter band than the gap between any of them and Ferry Pass, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Ferry Pass, FL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ferry Pass, FL | 32,041 | $327,724 #1/4 | $1,411 #1/4 | 49.9% #4/4 |
| Brent, FL | 21,878 | $209,515 | $1,175 | 55.8% |
| Pensacola, FL | 53,225 | $251,012 | $1,307 | 64.5% |
| Ensley, FL | 21,380 | $251,285 | $1,394 | 58.4% |
Frequently Asked Questions
Common questions about the housing market in Ferry Pass, Florida.
What is the median home price in Ferry Pass, Florida?
The median home price in Ferry Pass, Florida is $327,724, higher than the Florida average of $311,338.
What is the average home price in Ferry Pass, Florida?
The typical home price in Ferry Pass, Florida, reported as the median sale price, is $327,724. 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 Ferry Pass, Florida?
The median gross rent in Ferry Pass, Florida is $1,411 per month, lower than the Florida average of $1,668.
What was the median gross rent in Ferry Pass in 2020?
In 2020, the median gross rent in Ferry Pass, Florida was $1,065 per month.
What is the price-to-rent ratio in Ferry Pass, Florida?
The price-to-rent ratio in Ferry Pass, Florida is about 19.4, meaning it would take roughly 19.4 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 Ferry Pass.
Are home prices or rent rising faster in Ferry Pass, Florida?
Both home prices and rent are rising in Ferry Pass, up about 25.1% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ferry Pass, Florida?
46.2% of households in Ferry Pass, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Ferry Pass, Florida?
The housing vacancy rate in Ferry Pass, Florida is 7.4%, lower than the Florida average of 14.6%.
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