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 | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,744 | $293,727 | $242,182 |
| Price Trend (Annual %) | 18.6% | 12.0% | 8.2% |
| Median Gross Rent | $1,205 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Holiday is about 51% lower than in Florida. Rent is about 23% 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 Holiday, up about 18.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Holiday rose about 34.2% between 2015 and 2023, from $898 to $1,205. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Holiday.
Buying the median-priced home in Holiday costs roughly 10.0 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 Holiday. The price-to-rent ratio in Florida is about 15.7.
| Metric | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,744 | $293,727 | $242,182 |
| Median Household Income | $44,196 | $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 Holiday rose about 165.0%, while median household income rose about 27.1% 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 | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.8% | 57.1% | 58.2% |
| Rental Rate | 28.2% | 27.7% | 31.3% |
| Vacancy Rate | 24.1% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Holiday has a homeownership rate of 47.8%, lower than the Florida average of 57.1%. Its housing vacancy rate is 24.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1977 | 1987 | 1978 |
| Median Number of Rooms | 4.2 | 5.2 | 5.5 |
The typical housing unit in Holiday was built around 1977. On average, 2.1 people live in a home with about 4.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Holiday, Florida.
What is the median home price in Holiday, Florida?
The median home price in Holiday, Florida is $144,744, lower than the Florida average of $293,727.
What is the average home price in Holiday, 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 Holiday, Florida?
The median gross rent in Holiday, Florida is $1,205 per month, lower than the Florida average of $1,564.
What was the median gross rent in Holiday in 2020?
In 2020, the median gross rent in Holiday, Florida was $1,050 per month.
What is the price-to-rent ratio in Holiday, Florida?
The price-to-rent ratio in Holiday, Florida is about 10.0, meaning it would take roughly 10.0 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 Holiday.
Are home prices or rent rising faster in Holiday, Florida?
Both home prices and rent are rising in Holiday, up about 18.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Holiday, Florida?
47.8% of households in Holiday, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Holiday, Florida?
The housing vacancy rate in Holiday, Florida is 24.1%, higher than the Florida average of 15.2%.