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 | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,397 | $293,727 | $242,182 |
| Price Trend (Annual %) | 17.5% | 12.0% | 8.2% |
| Median Gross Rent | $1,844 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oakleaf Plantation is about 67% lower than in Florida. Rent is about 18% 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 Oakleaf Plantation, up about 17.5% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Oakleaf Plantation rose about 28.3% between 2015 and 2023, from $1,437 to $1,844. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Oakleaf Plantation.
Buying the median-priced home in Oakleaf Plantation costs roughly 4.4 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 Oakleaf Plantation. The price-to-rent ratio in Florida is about 15.7.
| Metric | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,397 | $293,727 | $242,182 |
| Median Household Income | $108,568 | $71,865 | $78,145 |
| Price-to-Income Ratio | 0.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Oakleaf Plantation fell about 34.7%, while median household income rose about 66.6% 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 | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.7% | 57.1% | 58.2% |
| Rental Rate | 21.1% | 27.7% | 31.3% |
| Vacancy Rate | 3.2% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Oakleaf Plantation has a homeownership rate of 75.7%, higher than the Florida average of 57.1%. Its housing vacancy rate is 3.2%, compared with 15.2% in Florida.
Housing Stock
| Metric | Oakleaf Plantation | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.10 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 2006 | 1987 | 1978 |
| Median Number of Rooms | 6.7 | 5.2 | 5.5 |
The typical housing unit in Oakleaf Plantation was built around 2006. On average, 3.1 people live in a home with about 6.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oakleaf Plantation, Florida.
What is the median home price in Oakleaf Plantation, Florida?
The median home price in Oakleaf Plantation, Florida is $98,397, lower than the Florida average of $293,727.
What is the average home price in Oakleaf Plantation, 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 Oakleaf Plantation, Florida?
The median gross rent in Oakleaf Plantation, Florida is $1,844 per month, higher than the Florida average of $1,564.
What was the median gross rent in Oakleaf Plantation in 2020?
In 2020, the median gross rent in Oakleaf Plantation, Florida was $1,584 per month.
What is the price-to-rent ratio in Oakleaf Plantation, Florida?
The price-to-rent ratio in Oakleaf Plantation, Florida is about 4.4, meaning it would take roughly 4.4 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 Oakleaf Plantation.
Are home prices or rent rising faster in Oakleaf Plantation, Florida?
Both home prices and rent are rising in Oakleaf Plantation, up about 17.5% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oakleaf Plantation, Florida?
75.7% of households in Oakleaf Plantation, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Oakleaf Plantation, Florida?
The housing vacancy rate in Oakleaf Plantation, Florida is 3.2%, lower than the Florida average of 15.2%.