Florida Housing Market Prices
Florida 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 25% above the US median More expensive than 71% of states in US$311,338
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Median rent 19% above the US median More expensive than 84% of states in US$1,668
Median Home Price Map: Counties in Florida
Housing Market Overview
| Metric | Florida | US Average |
|---|---|---|
| Median Home Price | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.2% | 7.5% |
| Median Gross Rent | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Florida is about 25% higher than in US. Rent is about 19% higher than the US 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 Florida, up about 11.2% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Florida rose about 66.5% between 2015 and 2024, from $1,002 to $1,668. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Florida.
Buying the median-priced home in Florida costs roughly 15.6 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 Florida. The price-to-rent ratio in US is about 14.7.
| Metric | Florida | US Average |
|---|---|---|
| Median Home Price | $311,338 | $248,835 |
| Median Household Income | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Florida rose about 151.7%, while median household income rose about 51.3% 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 | Florida | US Average |
|---|---|---|
| Homeownership Rate | 57.7% | 58.5% |
| Rental Rate | 27.7% | 31.2% |
| Vacancy Rate | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 |
Florida has a homeownership rate of 57.7%, lower than the US average of 58.5%. Its housing vacancy rate is 14.6%, compared with 10.2% in US.
Housing Stock
| Metric | Florida | US Average |
|---|---|---|
| Average Household Size | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 |
The typical housing unit in Florida was built around 1988. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Florida Housing Compared With Nearby States
Florida is the largest of the 6 states compared here, 22,388,905 residents against a local median of 5,295,781. Where Florida breaks from the states next to it is median rent, sitting 42% above the local median of $1,179 at $1,668.
Median home price tells the same story from another angle: $311,338 against a local median of $239,609, 30% above it. The states themselves spread $439 on median rent, so Florida sits at one end of an already wide local range rather than apart from it. Florida has the highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Florida | 22,388,905 | $311,338 #1/6 | $1,668 #1/6 | 67.6% #4/6 |
| Georgia | 10,939,918 | $256,986 | $1,392 | 65.7% |
| South Carolina | 5,295,781 | $239,609 | $1,179 | 71.9% |
| Alabama | 5,083,438 | $160,474 | $1,007 | 70.2% |
| North Carolina | 10,724,323 | $278,288 | $1,227 | 66.6% |
| Mississippi | 2,946,497 | $130,069 | $954 | 70.0% |
Frequently Asked Questions
Common questions about the housing market in Florida.
What is the median home price in Florida?
The median home price in Florida is $311,338, higher than the US average of $248,835.
What is the average home price in Florida?
The typical home price in Florida, reported as the median sale price, is $311,338. 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 Florida?
The median gross rent in Florida is $1,668 per month, higher than the US average of $1,407.
What was the median gross rent in Florida in 2020?
In 2020, the median gross rent in Florida was $1,217 per month.
What is the price-to-rent ratio in Florida?
The price-to-rent ratio in Florida is about 15.6, meaning it would take roughly 15.6 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 Florida.
Are home prices or rent rising faster in Florida?
Both home prices and rent are rising in Florida, up about 11.2% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Florida?
57.7% of households in Florida own their home, lower than the US average of 58.5%.
What is the vacancy rate in Florida?
The housing vacancy rate in Florida is 14.6%, higher than the US average of 10.2%.
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