Florida Ridge, Florida Housing Market Prices
Florida Ridge 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 32% below the Florida median$211,086
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Median rent 19% below the Florida median$1,353
Housing Market Overview
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,086 | $311,338 | $248,835 |
| Price Trend (Annual %) | 5.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,353 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Florida Ridge is about 32% lower than in Florida. Rent is about 19% 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 Florida Ridge, up about 5.5% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Florida Ridge rose about 51.7% between 2015 and 2024, from $892 to $1,353. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Florida Ridge.
Buying the median-priced home in Florida Ridge costs roughly 13.0 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 Florida Ridge. The price-to-rent ratio in Florida is about 15.6.
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,086 | $311,338 | $248,835 |
| Median Household Income | $68,447 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Florida Ridge rose about 69.6%, while median household income rose about 30.9% 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 | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.9% | 57.7% | 58.5% |
| Rental Rate | 16.2% | 27.7% | 31.2% |
| Vacancy Rate | 18.9% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Florida Ridge has a homeownership rate of 64.9%, higher than the Florida average of 57.7%. Its housing vacancy rate is 18.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 5.2 | 5.2 | 5.5 |
The typical housing unit in Florida Ridge was built around 1993. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Florida Ridge, FL Housing Compared With Nearby Cities
How Florida Ridge, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Florida Ridge, FL | 21,714 | $211,086 #2/2 | $1,353 #1/2 | 80.0% #1/2 |
| Vero Beach South, FL | 23,698 | $245,348 | $1,327 | 78.3% |
Frequently Asked Questions
Common questions about the housing market in Florida Ridge, Florida.
What is the median home price in Florida Ridge, Florida?
The median home price in Florida Ridge, Florida is $211,086, lower than the Florida average of $311,338.
What is the average home price in Florida Ridge, Florida?
The typical home price in Florida Ridge, Florida, reported as the median sale price, is $211,086. 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 Florida Ridge, Florida?
The median gross rent in Florida Ridge, Florida is $1,353 per month, lower than the Florida average of $1,668.
What was the median gross rent in Florida Ridge in 2020?
In 2020, the median gross rent in Florida Ridge, Florida was $1,031 per month.
What is the price-to-rent ratio in Florida Ridge, Florida?
The price-to-rent ratio in Florida Ridge, Florida is about 13.0, meaning it would take roughly 13.0 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 Florida Ridge.
Are home prices or rent rising faster in Florida Ridge, Florida?
Both home prices and rent are rising in Florida Ridge, up about 5.5% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Florida Ridge, Florida?
64.9% of households in Florida Ridge, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Florida Ridge, Florida?
The housing vacancy rate in Florida Ridge, Florida is 18.9%, higher than the Florida average of 14.6%.
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