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 | Kissimmee | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,375 | $293,727 | $242,182 |
| Price Trend (Annual %) | 6.0% | 12.0% | 8.2% |
| Median Gross Rent | $1,570 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 7.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kissimmee is about 17% lower than in Florida. Rent follows a similar pattern, running close to 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 Kissimmee, up about 6.0% and 7.2% a year respectively. Rent is changing faster.
Median rent in Kissimmee rose about 67.3% between 2015 and 2023, from $938 to $1,570. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Kissimmee.
Buying the median-priced home in Kissimmee costs roughly 13.0 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 Kissimmee. The price-to-rent ratio in Florida is about 15.7.
| Metric | Kissimmee | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,375 | $293,727 | $242,182 |
| Median Household Income | $53,053 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.6 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kissimmee rose about 158.5%, while median household income rose about 40.1% 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 | Kissimmee | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.3% | 57.1% | 58.2% |
| Rental Rate | 45.6% | 27.7% | 31.3% |
| Vacancy Rate | 15.1% | 15.2% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Kissimmee has a homeownership rate of 39.3%, lower than the Florida average of 57.1%. Its housing vacancy rate is 15.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Kissimmee | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.03 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1991 | 1987 | 1978 |
| Median Number of Rooms | 4.7 | 5.2 | 5.5 |
The typical housing unit in Kissimmee was built around 1991. On average, 3.0 people live in a home with about 4.7 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kissimmee, Florida.
What is the median home price in Kissimmee, Florida?
The median home price in Kissimmee, Florida is $244,375, lower than the Florida average of $293,727.
What is the average home price in Kissimmee, 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 Kissimmee, Florida?
The median gross rent in Kissimmee, Florida is $1,570 per month, about the same as the Florida average.
What was the median gross rent in Kissimmee in 2020?
In 2020, the median gross rent in Kissimmee, Florida was $1,179 per month.
What is the price-to-rent ratio in Kissimmee, Florida?
The price-to-rent ratio in Kissimmee, Florida is about 13.0, meaning it would take roughly 13.0 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 Kissimmee.
Are home prices or rent rising faster in Kissimmee, Florida?
Both home prices and rent are rising in Kissimmee, up about 6.0% and 7.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Kissimmee, Florida?
39.3% of households in Kissimmee, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Kissimmee, Florida?
The housing vacancy rate in Kissimmee, Florida is 15.1%, about the same as the Florida average.