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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Liberty County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,860 | $293,727 | $242,182 |
| Price Trend (Annual %) | -6.4% | 12.0% | 8.2% |
| Median Gross Rent | $967 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 8.0% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Liberty County is about 88% lower than in Florida. Rent is about 38% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Liberty County: home prices fell about 6.4% a year while rent rose about 8.0% a year. That is an unusual pattern worth watching.
Median rent in Liberty County rose about 69.0% between 2015 and 2023, from $572 to $967. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Liberty County.
Buying the median-priced home in Liberty County costs roughly 3.0 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 Liberty County. The price-to-rent ratio in Florida is about 15.7.
| Metric | Liberty County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,860 | $293,727 | $242,182 |
| Median Household Income | $52,235 | $71,865 | $78,145 |
| Price-to-Income Ratio | 0.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Liberty County fell about 54.7%, while median household income rose about 31.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Liberty County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 57.1% | 58.2% |
| Rental Rate | 16.3% | 27.7% | 31.3% |
| Vacancy Rate | 20.4% | 15.2% | 10.6% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Liberty County has a homeownership rate of 63.3%, higher than the Florida average of 57.1%. Its housing vacancy rate is 20.4%, compared with 15.2% in Florida.
Housing Stock
| Metric | Liberty County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Liberty County was built around 1989. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Liberty County, Florida.
What is the median home price in Liberty County, Florida?
The median home price in Liberty County, Florida is $34,860, lower than the Florida average of $293,727.
What is the average home price in Liberty County, 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 Liberty County, Florida?
The median gross rent in Liberty County, Florida is $967 per month, lower than the Florida average of $1,564.
What was the median gross rent in Liberty County in 2020?
In 2020, the median gross rent in Liberty County, Florida was $719 per month.
What is the price-to-rent ratio in Liberty County, Florida?
The price-to-rent ratio in Liberty County, Florida is about 3.0, meaning it would take roughly 3.0 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 Liberty County.
Are home prices or rent rising faster in Liberty County, Florida?
Home prices and rent are moving in opposite directions in Liberty County: home prices fell about 6.4% a year while rent rose about 8.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Liberty County, Florida?
63.3% of households in Liberty County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Liberty County, Florida?
The housing vacancy rate in Liberty County, Florida is 20.4%, higher than the Florida average of 15.2%.