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 | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $356,652 | $293,727 | $242,182 |
| Price Trend (Annual %) | 3.4% | 12.0% | 8.2% |
| Median Gross Rent | $2,184 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fish Hawk is about 21% higher than in Florida. Rent is about 40% 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 Fish Hawk, up about 3.4% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Fish Hawk rose about 22.0% between 2015 and 2023, from $1,790 to $2,184. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Fish Hawk.
Buying the median-priced home in Fish Hawk costs roughly 13.6 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 Fish Hawk. The price-to-rent ratio in Florida is about 15.7.
| Metric | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $356,652 | $293,727 | $242,182 |
| Median Household Income | $122,967 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fish Hawk rose about 207.8%, while median household income rose about 29.1% 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 | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.2% | 57.1% | 58.2% |
| Rental Rate | 16.5% | 27.7% | 31.3% |
| Vacancy Rate | 4.3% | 15.2% | 10.6% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Fish Hawk has a homeownership rate of 79.2%, higher than the Florida average of 57.1%. Its housing vacancy rate is 4.3%, compared with 15.2% in Florida.
Housing Stock
| Metric | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.25 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 2010 | 1987 | 1978 |
| Median Number of Rooms | 7.3 | 5.2 | 5.5 |
The typical housing unit in Fish Hawk was built around 2010. On average, 3.3 people live in a home with about 7.3 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fish Hawk, Florida.
What is the median home price in Fish Hawk, Florida?
The median home price in Fish Hawk, Florida is $356,652, higher than the Florida average of $293,727.
What is the average home price in Fish Hawk, 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 Fish Hawk, Florida?
The median gross rent in Fish Hawk, Florida is $2,184 per month, higher than the Florida average of $1,564.
What was the median gross rent in Fish Hawk in 2020?
In 2020, the median gross rent in Fish Hawk, Florida was $1,728 per month.
What is the price-to-rent ratio in Fish Hawk, Florida?
The price-to-rent ratio in Fish Hawk, Florida is about 13.6, meaning it would take roughly 13.6 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 Fish Hawk.
Are home prices or rent rising faster in Fish Hawk, Florida?
Both home prices and rent are rising in Fish Hawk, up about 3.4% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fish Hawk, Florida?
79.2% of households in Fish Hawk, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Fish Hawk, Florida?
The housing vacancy rate in Fish Hawk, Florida is 4.3%, lower than the Florida average of 15.2%.