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 | Gilchrist County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,456 | $293,727 | $242,182 |
| Price Trend (Annual %) | 36.6% | 12.0% | 8.2% |
| Median Gross Rent | $855 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gilchrist County is about 13% higher than in Florida. Rent is about 45% lower 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 Gilchrist County, up about 36.6% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Gilchrist County rose about 29.9% between 2015 and 2023, from $658 to $855. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Gilchrist County.
Buying the median-priced home in Gilchrist County costs roughly 32.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gilchrist County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Gilchrist County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,456 | $293,727 | $242,182 |
| Median Household Income | $61,162 | $71,865 | $78,145 |
| Price-to-Income Ratio | 5.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Gilchrist County rose about 199.1%, while median household income rose about 47.8% 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 | Gilchrist County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.2% | 57.1% | 58.2% |
| Rental Rate | 14.6% | 27.7% | 31.3% |
| Vacancy Rate | 10.2% | 15.2% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Gilchrist County has a homeownership rate of 75.2%, higher than the Florida average of 57.1%. Its housing vacancy rate is 10.2%, compared with 15.2% in Florida.
Housing Stock
| Metric | Gilchrist County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1996 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.2 | 5.5 |
The typical housing unit in Gilchrist County was built around 1996. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gilchrist County, Florida.
What is the median home price in Gilchrist County, Florida?
The median home price in Gilchrist County, Florida is $332,456, higher than the Florida average of $293,727.
What is the average home price in Gilchrist 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 Gilchrist County, Florida?
The median gross rent in Gilchrist County, Florida is $855 per month, lower than the Florida average of $1,564.
What was the median gross rent in Gilchrist County in 2020?
In 2020, the median gross rent in Gilchrist County, Florida was $676 per month.
What is the price-to-rent ratio in Gilchrist County, Florida?
The price-to-rent ratio in Gilchrist County, Florida is about 32.4, meaning it would take roughly 32.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gilchrist County.
Are home prices or rent rising faster in Gilchrist County, Florida?
Both home prices and rent are rising in Gilchrist County, up about 36.6% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gilchrist County, Florida?
75.2% of households in Gilchrist County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Gilchrist County, Florida?
The housing vacancy rate in Gilchrist County, Florida is 10.2%, lower than the Florida average of 15.2%.