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 | Fountainebleau | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,325 | $293,727 | $242,182 |
| Price Trend (Annual %) | 11.1% | 12.0% | 8.2% |
| Median Gross Rent | $1,965 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fountainebleau is about 22% lower than in Florida. Rent is about 26% 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 Fountainebleau, up about 11.1% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Fountainebleau rose about 53.4% between 2015 and 2023, from $1,280 to $1,965. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Fountainebleau.
Buying the median-priced home in Fountainebleau costs roughly 9.8 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 Fountainebleau. The price-to-rent ratio in Florida is about 15.7.
| Metric | Fountainebleau | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,325 | $293,727 | $242,182 |
| Median Household Income | $65,543 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.5 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fountainebleau rose about 128.7%, while median household income rose about 60.9% 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 | Fountainebleau | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.8% | 57.1% | 58.2% |
| Rental Rate | 52.0% | 27.7% | 31.3% |
| Vacancy Rate | 8.2% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Fountainebleau has a homeownership rate of 39.8%, lower than the Florida average of 57.1%. Its housing vacancy rate is 8.2%, compared with 15.2% in Florida.
Housing Stock
| Metric | Fountainebleau | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1985 | 1987 | 1978 |
| Median Number of Rooms | 4.0 | 5.2 | 5.5 |
The typical housing unit in Fountainebleau was built around 1985. On average, 2.6 people live in a home with about 4.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fountainebleau, Florida.
What is the median home price in Fountainebleau, Florida?
The median home price in Fountainebleau, Florida is $230,325, lower than the Florida average of $293,727.
What is the average home price in Fountainebleau, 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 Fountainebleau, Florida?
The median gross rent in Fountainebleau, Florida is $1,965 per month, higher than the Florida average of $1,564.
What was the median gross rent in Fountainebleau in 2020?
In 2020, the median gross rent in Fountainebleau, Florida was $1,643 per month.
What is the price-to-rent ratio in Fountainebleau, Florida?
The price-to-rent ratio in Fountainebleau, Florida is about 9.8, meaning it would take roughly 9.8 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 Fountainebleau.
Are home prices or rent rising faster in Fountainebleau, Florida?
Both home prices and rent are rising in Fountainebleau, up about 11.1% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fountainebleau, Florida?
39.8% of households in Fountainebleau, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Fountainebleau, Florida?
The housing vacancy rate in Fountainebleau, Florida is 8.2%, lower than the Florida average of 15.2%.