Gulf County, Florida Housing Market Prices
Gulf County 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 98% above the Florida median Among the 3 most expensive counties in Florida$616,735
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Median rent 29% below the Florida median$1,186
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gulf County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $616,735 | $311,338 | $248,835 |
| Price Trend (Annual %) | 35.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,186 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gulf County is about 98% higher than in Florida. Rent is about 29% 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 Gulf County, up about 35.2% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Gulf County rose about 48.3% between 2015 and 2024, from $800 to $1,186. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 9.9 yearly household incomes in Gulf County.
Buying the median-priced home in Gulf County costs roughly 43.3 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 Gulf County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Gulf County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $616,735 | $311,338 | $248,835 |
| Median Household Income | $62,079 | $74,580 | $80,455 |
| Price-to-Income Ratio | 9.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gulf County rose about 357.8%, while median household income rose about 53.6% 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 | Gulf County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 57.7% | 58.5% |
| Rental Rate | 12.2% | 27.7% | 31.2% |
| Vacancy Rate | 36.5% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Gulf County has a homeownership rate of 51.3%, lower than the Florida average of 57.7%. Its housing vacancy rate is 36.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Gulf County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1988 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Gulf County was built around 1991. On average, 2.1 people live in a home with about 5.1 rooms, staying for about 16.0 years on average.
Gulf County, FL Housing Compared With Nearby Counties
Gulf County, FL is the 3rd largest of the 4 counties compared here, 15,130 residents against a local median of 25,529. Gulf County, FL's median home price, at $616,735, runs 99% above the $309,848 typical of the counties around it.
Median rent tells the same story from another angle: $1,186 against a local median of $887, 34% above it. The counties themselves sit within $187,676 of each other on median home price, a tighter band than the gap between any of them and Gulf County, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Gulf County, FL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gulf County, FL | 15,130 | $616,735 #1/4 | $1,186 #2/4 | 80.8% #1/4 |
| Bay County, FL | 186,393 | $370,907 | $1,483 | 66.8% |
| Calhoun County, FL | 13,492 | $309,848 | $779 | 78.8% |
| Washington County, FL | 25,529 | $183,231 | $887 | 80.0% |
Frequently Asked Questions
Common questions about the housing market in Gulf County, Florida.
What is the median home price in Gulf County, Florida?
The median home price in Gulf County, Florida is $616,735, higher than the Florida average of $311,338.
What is the average home price in Gulf County, Florida?
The typical home price in Gulf County, Florida, reported as the median sale price, is $616,735. 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 Gulf County, Florida?
The median gross rent in Gulf County, Florida is $1,186 per month, lower than the Florida average of $1,668.
What was the median gross rent in Gulf County in 2020?
In 2020, the median gross rent in Gulf County, Florida was $1,073 per month.
What is the price-to-rent ratio in Gulf County, Florida?
The price-to-rent ratio in Gulf County, Florida is about 43.3, meaning it would take roughly 43.3 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 Gulf County.
Are home prices or rent rising faster in Gulf County, Florida?
Both home prices and rent are rising in Gulf County, up about 35.2% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gulf County, Florida?
51.3% of households in Gulf County, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Gulf County, Florida?
The housing vacancy rate in Gulf County, Florida is 36.5%, higher than the Florida average of 14.6%.
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