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 | Leisure City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,946 | $293,727 | $242,182 |
| Price Trend (Annual %) | 24.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,555 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Leisure City is about 6% higher than in Florida. Rent is about 1% 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 Leisure City, up about 24.4% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Leisure City rose about 57.7% between 2015 and 2023, from $986 to $1,555. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Leisure City.
Buying the median-priced home in Leisure City costs roughly 16.7 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 Leisure City. The price-to-rent ratio in Florida is about 15.7.
| Metric | Leisure City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,946 | $293,727 | $242,182 |
| Median Household Income | $46,612 | $71,865 | $78,145 |
| Price-to-Income Ratio | 6.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Leisure City rose about 299.5%, while median household income rose about 45.1% 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 | Leisure City | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.8% | 57.1% | 58.2% |
| Rental Rate | 53.3% | 27.7% | 31.3% |
| Vacancy Rate | 3.9% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Leisure City has a homeownership rate of 42.8%, lower than the Florida average of 57.1%. Its housing vacancy rate is 3.9%, compared with 15.2% in Florida.
Housing Stock
| Metric | Leisure City | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1982 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Leisure City was built around 1982. On average, 3.2 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Leisure City, Florida.
What is the median home price in Leisure City, Florida?
The median home price in Leisure City, Florida is $310,946, higher than the Florida average of $293,727.
What is the average home price in Leisure City, 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 Leisure City, Florida?
The median gross rent in Leisure City, Florida is $1,555 per month, lower than the Florida average of $1,564.
What was the median gross rent in Leisure City in 2020?
In 2020, the median gross rent in Leisure City, Florida was $1,237 per month.
What is the price-to-rent ratio in Leisure City, Florida?
The price-to-rent ratio in Leisure City, Florida is about 16.7, meaning it would take roughly 16.7 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 Leisure City.
Are home prices or rent rising faster in Leisure City, Florida?
Both home prices and rent are rising in Leisure City, up about 24.4% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Leisure City, Florida?
42.8% of households in Leisure City, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Leisure City, Florida?
The housing vacancy rate in Leisure City, Florida is 3.9%, lower than the Florida average of 15.2%.