Okeechobee County, Florida Housing Market Prices
Okeechobee County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 40% below the Florida median Cheaper than 71% of counties in Florida$187,847
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Median rent 35% below the Florida median$1,082
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Okeechobee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,847 | $311,338 | $248,835 |
| Price Trend (Annual %) | 15.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,082 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Okeechobee County is about 40% lower than in Florida. Rent is about 35% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Okeechobee County, up about 15.8% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Okeechobee County rose about 56.2% between 2015 and 2024, from $693 to $1,082. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Okeechobee County.
Buying the median-priced home in Okeechobee County costs roughly 14.5 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 Okeechobee County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Okeechobee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,847 | $311,338 | $248,835 |
| Median Household Income | $57,564 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.3 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Okeechobee County rose about 179.1%, while median household income rose about 35.9% between 2009 and 2025 — 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 | Okeechobee County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.1% | 57.7% | 58.5% |
| Rental Rate | 21.3% | 27.7% | 31.2% |
| Vacancy Rate | 18.6% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Okeechobee County has a homeownership rate of 60.1%, higher than the Florida average of 57.7%. Its housing vacancy rate is 18.6%, compared with 14.6% in Florida.
Housing Stock
| Metric | Okeechobee County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1990 | 1988 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Okeechobee County was built around 1990. On average, 2.5 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Okeechobee County, FL Housing Compared With Nearby Counties
Okeechobee County, FL is the 5th largest of the 6 counties compared here, 40,816 residents against a local median of 160,388. Okeechobee County, FL's median home price, at $187,847, runs 26% below the $253,645 typical of the counties around it.
Median rent tells the same story from another angle: $1,082 against a local median of $1,357, 20% below it. The counties themselves spread $246,325 on median home price, so Okeechobee County, FL sits at one end of an already wide local range rather than apart from it. Okeechobee County, FL has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Okeechobee County, FL | 40,816 | $187,847 #4/6 | $1,082 #4/6 | 73.9% #6/6 |
| Indian River County, FL | 166,866 | $253,645 | $1,357 | 80.1% |
| St. Lucie County, FL | 360,498 | $278,803 | $1,585 | 78.6% |
| Highlands County, FL | 105,700 | $103,434 | $1,034 | 78.6% |
| Glades County, FL | 12,560 | $185,126 | $885 | 85.1% |
| Martin County, FL | 160,388 | $349,758 | $1,569 | 79.5% |
Frequently Asked Questions
Common questions about the housing market in Okeechobee County, Florida.
What is the median home price in Okeechobee County, Florida?
The median home price in Okeechobee County, Florida is $187,847, lower than the Florida average of $311,338.
What is the average home price in Okeechobee County, Florida?
The typical home price in Okeechobee County, Florida, reported as the median sale price, is $187,847. 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 Okeechobee County, Florida?
The median gross rent in Okeechobee County, Florida is $1,082 per month, lower than the Florida average of $1,668.
What was the median gross rent in Okeechobee County in 2020?
In 2020, the median gross rent in Okeechobee County, Florida was $832 per month.
What is the price-to-rent ratio in Okeechobee County, Florida?
The price-to-rent ratio in Okeechobee County, Florida is about 14.5, meaning it would take roughly 14.5 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 Okeechobee County.
Are home prices or rent rising faster in Okeechobee County, Florida?
Both home prices and rent are rising in Okeechobee County, up about 15.8% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Okeechobee County, Florida?
60.1% of households in Okeechobee County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Okeechobee County, Florida?
The housing vacancy rate in Okeechobee County, Florida is 18.6%, higher than the Florida average of 14.6%.
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