Plant City, Florida Housing Market Prices
Plant City 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 4% above the Florida median$323,373
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Median rent 18% below the Florida median$1,365
Housing Market Overview
| Metric | Plant City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,373 | $311,338 | $248,835 |
| Price Trend (Annual %) | 22.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,365 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plant City is about 4% higher than in Florida. Rent is about 18% 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 Plant City, up about 22.1% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Plant City rose about 63.8% between 2015 and 2024, from $834 to $1,365. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Plant City.
Buying the median-priced home in Plant City costs roughly 19.7 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 Plant City. The price-to-rent ratio in Florida is about 15.6.
| Metric | Plant City | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $323,373 | $311,338 | $248,835 |
| Median Household Income | $65,504 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plant City rose about 133.2%, while median household income rose about 31.1% 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 | Plant City | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 57.7% | 58.5% |
| Rental Rate | 29.9% | 27.7% | 31.2% |
| Vacancy Rate | 7.4% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Plant City has a homeownership rate of 62.7%, higher than the Florida average of 57.7%. Its housing vacancy rate is 7.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Plant City | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1983 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.2 | 5.5 |
The typical housing unit in Plant City was built around 1983. On average, 2.8 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plant City, Florida.
What is the median home price in Plant City, Florida?
The median home price in Plant City, Florida is $323,373, higher than the Florida average of $311,338.
What is the average home price in Plant City, Florida?
The typical home price in Plant City, Florida, reported as the median sale price, is $323,373. 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 Plant City, Florida?
The median gross rent in Plant City, Florida is $1,365 per month, lower than the Florida average of $1,668.
What was the median gross rent in Plant City in 2020?
In 2020, the median gross rent in Plant City, Florida was $1,018 per month.
What is the price-to-rent ratio in Plant City, Florida?
The price-to-rent ratio in Plant City, Florida is about 19.7, meaning it would take roughly 19.7 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 Plant City.
Are home prices or rent rising faster in Plant City, Florida?
Both home prices and rent are rising in Plant City, up about 22.1% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plant City, Florida?
62.7% of households in Plant City, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Plant City, Florida?
The housing vacancy rate in Plant City, Florida is 7.4%, lower than the Florida average of 14.6%.
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