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 | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,000 | $293,727 | $242,182 |
| Price Trend (Annual %) | 5.0% | 12.0% | 8.2% |
| Median Gross Rent | $954 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hardee County is about 66% lower than in Florida. Rent is about 39% 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 Hardee County, up about 5.0% and 5.8% a year respectively. Rent is changing faster.
Median rent in Hardee County rose about 51.2% between 2015 and 2023, from $631 to $954. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Hardee County.
Buying the median-priced home in Hardee County costs roughly 8.7 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 Hardee County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,000 | $293,727 | $242,182 |
| Median Household Income | $54,373 | $71,865 | $78,145 |
| Price-to-Income Ratio | 1.8 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hardee County rose about 17.8%, while median household income rose about 38.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 57.1% | 58.2% |
| Rental Rate | 23.5% | 27.7% | 31.3% |
| Vacancy Rate | 17.6% | 15.2% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Hardee County has a homeownership rate of 58.9%, higher than the Florida average of 57.1%. Its housing vacancy rate is 17.6%, compared with 15.2% in Florida.
Housing Stock
| Metric | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1987 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Hardee County was built around 1987. On average, 2.9 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hardee County, Florida.
What is the median home price in Hardee County, Florida?
The median home price in Hardee County, Florida is $100,000, lower than the Florida average of $293,727.
What is the average home price in Hardee 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 Hardee County, Florida?
The median gross rent in Hardee County, Florida is $954 per month, lower than the Florida average of $1,564.
What was the median gross rent in Hardee County in 2020?
In 2020, the median gross rent in Hardee County, Florida was $759 per month.
What is the price-to-rent ratio in Hardee County, Florida?
The price-to-rent ratio in Hardee County, Florida is about 8.7, meaning it would take roughly 8.7 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 Hardee County.
Are home prices or rent rising faster in Hardee County, Florida?
Both home prices and rent are rising in Hardee County, up about 5.0% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Hardee County, Florida?
58.9% of households in Hardee County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Hardee County, Florida?
The housing vacancy rate in Hardee County, Florida is 17.6%, higher than the Florida average of 15.2%.