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 | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,625 | $293,727 | $242,182 |
| Price Trend (Annual %) | 46.7% | 12.0% | 8.2% |
| Median Gross Rent | $1,182 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Haines City is about 35% lower than in Florida. Rent is about 24% 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 Haines City, up about 46.7% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Haines City rose about 48.1% between 2015 and 2023, from $799 to $1,182. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Haines City.
Buying the median-priced home in Haines City costs roughly 13.4 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 Haines City. The price-to-rent ratio in Florida is about 15.7.
| Metric | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,625 | $293,727 | $242,182 |
| Median Household Income | $56,780 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.3 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Haines City rose about 573.3%, while median household income rose about 67.6% 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 | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.4% | 57.1% | 58.2% |
| Rental Rate | 25.0% | 27.7% | 31.3% |
| Vacancy Rate | 22.6% | 15.2% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Haines City has a homeownership rate of 52.4%, lower than the Florida average of 57.1%. Its housing vacancy rate is 22.6%, compared with 15.2% in Florida.
Housing Stock
| Metric | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.92 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1993 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Haines City was built around 1993. On average, 2.9 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Haines City, Florida.
What is the median home price in Haines City, Florida?
The median home price in Haines City, Florida is $189,625, lower than the Florida average of $293,727.
What is the average home price in Haines City, 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 Haines City, Florida?
The median gross rent in Haines City, Florida is $1,182 per month, lower than the Florida average of $1,564.
What was the median gross rent in Haines City in 2020?
In 2020, the median gross rent in Haines City, Florida was $966 per month.
What is the price-to-rent ratio in Haines City, Florida?
The price-to-rent ratio in Haines City, Florida is about 13.4, meaning it would take roughly 13.4 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 Haines City.
Are home prices or rent rising faster in Haines City, Florida?
Both home prices and rent are rising in Haines City, up about 46.7% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Haines City, Florida?
52.4% of households in Haines City, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Haines City, Florida?
The housing vacancy rate in Haines City, Florida is 22.6%, higher than the Florida average of 15.2%.