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 | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,173 | $293,727 | $242,182 |
| Price Trend (Annual %) | 40.3% | 12.0% | 8.2% |
| Median Gross Rent | $1,768 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 8.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Liberty Triangle is about 51% higher than in Florida. Rent is about 13% higher 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 Liberty Triangle, up about 40.3% and 8.3% a year respectively. Home prices are changing faster.
Median rent in Liberty Triangle rose about 80.0% between 2015 and 2023, from $982 to $1,768. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Liberty Triangle.
Buying the median-priced home in Liberty Triangle costs roughly 20.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Liberty Triangle. The price-to-rent ratio in Florida is about 15.7.
| Metric | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,173 | $293,727 | $242,182 |
| Median Household Income | $68,090 | $71,865 | $78,145 |
| Price-to-Income Ratio | 6.5 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Liberty Triangle rose about 295.9%, while median household income rose about 58.4% 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 | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.4% | 57.1% | 58.2% |
| Rental Rate | 9.1% | 27.7% | 31.3% |
| Vacancy Rate | 6.5% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Liberty Triangle has a homeownership rate of 84.4%, higher than the Florida average of 57.1%. Its housing vacancy rate is 6.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1998 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Liberty Triangle was built around 1998. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Liberty Triangle, Florida.
What is the median home price in Liberty Triangle, Florida?
The median home price in Liberty Triangle, Florida is $443,173, higher than the Florida average of $293,727.
What is the average home price in Liberty Triangle, 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 Triangle, Florida?
The median gross rent in Liberty Triangle, Florida is $1,768 per month, higher than the Florida average of $1,564.
What was the median gross rent in Liberty Triangle in 2020?
In 2020, the median gross rent in Liberty Triangle, Florida was $1,177 per month.
What is the price-to-rent ratio in Liberty Triangle, Florida?
The price-to-rent ratio in Liberty Triangle, Florida is about 20.9, meaning it would take roughly 20.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Liberty Triangle.
Are home prices or rent rising faster in Liberty Triangle, Florida?
Both home prices and rent are rising in Liberty Triangle, up about 40.3% and 8.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Liberty Triangle, Florida?
84.4% of households in Liberty Triangle, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Liberty Triangle, Florida?
The housing vacancy rate in Liberty Triangle, Florida is 6.5%, lower than the Florida average of 15.2%.