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 | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,464 | $293,727 | $242,182 |
| Price Trend (Annual %) | 15.8% | 12.0% | 8.2% |
| Median Gross Rent | $926 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Glades County is about 39% lower than in Florida. Rent is about 41% 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 Glades County, up about 15.8% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Glades County rose about 36.1% between 2015 and 2023, from $681 to $926. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Glades County.
Buying the median-priced home in Glades County costs roughly 16.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Glades County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,464 | $293,727 | $242,182 |
| Median Household Income | $39,283 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.6 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Glades County rose about 220.4%, while median household income rose about 0.3% 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 | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 57.1% | 58.2% |
| Rental Rate | 14.0% | 27.7% | 31.3% |
| Vacancy Rate | 31.0% | 15.2% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Glades County has a homeownership rate of 55.0%, lower than the Florida average of 57.1%. Its housing vacancy rate is 31.0%, compared with 15.2% in Florida.
Housing Stock
| Metric | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1991 | 1987 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Glades County was built around 1991. On average, 2.3 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Glades County, Florida.
What is the median home price in Glades County, Florida?
The median home price in Glades County, Florida is $179,464, lower than the Florida average of $293,727.
What is the average home price in Glades 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 Glades County, Florida?
The median gross rent in Glades County, Florida is $926 per month, lower than the Florida average of $1,564.
What was the median gross rent in Glades County in 2020?
In 2020, the median gross rent in Glades County, Florida was $713 per month.
What is the price-to-rent ratio in Glades County, Florida?
The price-to-rent ratio in Glades County, Florida is about 16.1, meaning it would take roughly 16.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Glades County.
Are home prices or rent rising faster in Glades County, Florida?
Both home prices and rent are rising in Glades County, up about 15.8% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Glades County, Florida?
55.0% of households in Glades County, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Glades County, Florida?
The housing vacancy rate in Glades County, Florida is 31.0%, higher than the Florida average of 15.2%.