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 | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $298,972 | $293,727 | $242,182 |
| Price Trend (Annual %) | 8.3% | 12.0% | 8.2% |
| Median Gross Rent | $1,687 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Flagler County is about 2% higher than in Florida. Rent is about 8% 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 Flagler County, up about 8.3% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Flagler County rose about 60.3% between 2015 and 2023, from $1,052 to $1,687. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Flagler County.
Buying the median-priced home in Flagler County costs roughly 14.8 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 Flagler County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $298,972 | $293,727 | $242,182 |
| Median Household Income | $73,269 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.1 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Flagler County rose about 61.7%, while median household income rose about 53.3% 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 | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.1% | 57.1% | 58.2% |
| Rental Rate | 15.9% | 27.7% | 31.3% |
| Vacancy Rate | 14.1% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Flagler County has a homeownership rate of 70.1%, higher than the Florida average of 57.1%. Its housing vacancy rate is 14.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1999 | 1987 | 1978 |
| Median Number of Rooms | 5.8 | 5.2 | 5.5 |
The typical housing unit in Flagler County was built around 1999. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Flagler County, Florida.
What is the median home price in Flagler County, Florida?
The median home price in Flagler County, Florida is $298,972, higher than the Florida average of $293,727.
What is the average home price in Flagler 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 Flagler County, Florida?
The median gross rent in Flagler County, Florida is $1,687 per month, higher than the Florida average of $1,564.
What was the median gross rent in Flagler County in 2020?
In 2020, the median gross rent in Flagler County, Florida was $1,327 per month.
What is the price-to-rent ratio in Flagler County, Florida?
The price-to-rent ratio in Flagler County, Florida is about 14.8, meaning it would take roughly 14.8 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 Flagler County.
Are home prices or rent rising faster in Flagler County, Florida?
Both home prices and rent are rising in Flagler County, up about 8.3% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Flagler County, Florida?
70.1% of households in Flagler County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Flagler County, Florida?
The housing vacancy rate in Flagler County, Florida is 14.1%, lower than the Florida average of 15.2%.