Jasmine Estates, Florida Housing Market Prices
Jasmine Estates 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.
-
Median home price 2% above the Florida median$316,042
-
Median rent 13% below the Florida median$1,445
Housing Market Overview
| Metric | Jasmine Estates | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,042 | $311,338 | $248,835 |
| Price Trend (Annual %) | 22.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,445 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jasmine Estates is about 2% higher than in Florida. Rent is about 13% 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 Jasmine Estates, up about 22.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Jasmine Estates rose about 65.4% between 2015 and 2024, from $874 to $1,445. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Jasmine Estates.
Buying the median-priced home in Jasmine Estates costs roughly 18.2 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 Jasmine Estates. The price-to-rent ratio in Florida is about 15.6.
| Metric | Jasmine Estates | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,042 | $311,338 | $248,835 |
| Median Household Income | $50,417 | $74,580 | $80,455 |
| Price-to-Income Ratio | 6.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jasmine Estates rose about 398.0%, while median household income rose about 40.6% 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 | Jasmine Estates | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.4% | 57.7% | 58.5% |
| Rental Rate | 36.3% | 27.7% | 31.2% |
| Vacancy Rate | 11.3% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Jasmine Estates has a homeownership rate of 52.4%, lower than the Florida average of 57.7%. Its housing vacancy rate is 11.3%, compared with 14.6% in Florida.
Housing Stock
| Metric | Jasmine Estates | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1980 | 1988 | 1978 |
| Median Number of Rooms | 4.8 | 5.2 | 5.5 |
The typical housing unit in Jasmine Estates was built around 1980. On average, 2.5 people live in a home with about 4.8 rooms, staying for about 11.0 years on average.
Jasmine Estates, FL Housing Compared With Nearby Cities
How Jasmine Estates, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Jasmine Estates, FL | 21,759 | $316,042 #1/2 | $1,445 #1/2 | 59.1% #2/2 |
| Bayonet Point, FL | 24,680 | $259,508 | $1,354 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Jasmine Estates, Florida.
What is the median home price in Jasmine Estates, Florida?
The median home price in Jasmine Estates, Florida is $316,042, higher than the Florida average of $311,338.
What is the average home price in Jasmine Estates, Florida?
The typical home price in Jasmine Estates, Florida, reported as the median sale price, is $316,042. 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 Jasmine Estates, Florida?
The median gross rent in Jasmine Estates, Florida is $1,445 per month, lower than the Florida average of $1,668.
What was the median gross rent in Jasmine Estates in 2020?
In 2020, the median gross rent in Jasmine Estates, Florida was $1,078 per month.
What is the price-to-rent ratio in Jasmine Estates, Florida?
The price-to-rent ratio in Jasmine Estates, Florida is about 18.2, meaning it would take roughly 18.2 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 Jasmine Estates.
Are home prices or rent rising faster in Jasmine Estates, Florida?
Both home prices and rent are rising in Jasmine Estates, up about 22.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jasmine Estates, Florida?
52.4% of households in Jasmine Estates, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Jasmine Estates, Florida?
The housing vacancy rate in Jasmine Estates, Florida is 11.3%, lower than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →