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 | Lehigh Acres | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $314,550 | $293,727 | $242,182 |
| Price Trend (Annual %) | 22.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,489 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 7.2% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lehigh Acres is about 7% higher than in Florida. Rent is about 5% 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 Lehigh Acres, up about 22.4% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Lehigh Acres rose about 69.1% between 2015 and 2023, from $880 to $1,489. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Lehigh Acres.
Buying the median-priced home in Lehigh Acres costs roughly 17.6 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 Lehigh Acres. The price-to-rent ratio in Florida is about 15.7.
| Metric | Lehigh Acres | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $314,550 | $293,727 | $242,182 |
| Median Household Income | $62,443 | $71,865 | $78,145 |
| Price-to-Income Ratio | 5.0 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lehigh Acres rose about 271.4%, while median household income rose about 35.6% 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 | Lehigh Acres | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 57.1% | 58.2% |
| Rental Rate | 29.7% | 27.7% | 31.3% |
| Vacancy Rate | 6.5% | 15.2% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Lehigh Acres has a homeownership rate of 63.8%, higher than the Florida average of 57.1%. Its housing vacancy rate is 6.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Lehigh Acres | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.29 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1996 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Lehigh Acres was built around 1996. On average, 3.3 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lehigh Acres, Florida.
What is the median home price in Lehigh Acres, Florida?
The median home price in Lehigh Acres, Florida is $314,550, higher than the Florida average of $293,727.
What is the average home price in Lehigh Acres, 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 Lehigh Acres, Florida?
The median gross rent in Lehigh Acres, Florida is $1,489 per month, lower than the Florida average of $1,564.
What was the median gross rent in Lehigh Acres in 2020?
In 2020, the median gross rent in Lehigh Acres, Florida was $1,165 per month.
What is the price-to-rent ratio in Lehigh Acres, Florida?
The price-to-rent ratio in Lehigh Acres, Florida is about 17.6, meaning it would take roughly 17.6 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 Lehigh Acres.
Are home prices or rent rising faster in Lehigh Acres, Florida?
Both home prices and rent are rising in Lehigh Acres, up about 22.4% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lehigh Acres, Florida?
63.8% of households in Lehigh Acres, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Lehigh Acres, Florida?
The housing vacancy rate in Lehigh Acres, Florida is 6.5%, lower than the Florida average of 15.2%.