Rockledge, Florida Housing Market Prices
Rockledge 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 21% below the Florida median$244,593
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Median rent 7% above the Florida median$1,791
Housing Market Overview
| Metric | Rockledge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,593 | $311,338 | $248,835 |
| Price Trend (Annual %) | 8.6% | 11.2% | 7.5% |
| Median Gross Rent | $1,791 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockledge is about 21% lower than in Florida. Rent is about 7% higher 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 Rockledge, up about 8.6% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Rockledge rose about 81.0% between 2015 and 2024, from $989 to $1,791. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Rockledge.
Buying the median-priced home in Rockledge costs roughly 11.4 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 Rockledge. The price-to-rent ratio in Florida is about 15.6.
| Metric | Rockledge | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,593 | $311,338 | $248,835 |
| Median Household Income | $86,080 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rockledge rose about 87.9%, while median household income rose about 36.5% 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 | Rockledge | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 57.7% | 58.5% |
| Rental Rate | 22.0% | 27.7% | 31.2% |
| Vacancy Rate | 10.7% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Rockledge has a homeownership rate of 67.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 10.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Rockledge | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Rockledge was built around 1985. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Rockledge, FL Housing Compared With Nearby Cities
How Rockledge, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rockledge, FL | 25,851 | $244,593 #2/2 | $1,791 #1/2 | 75.4% #2/2 |
| Merritt Island, FL | 34,963 | $356,269 | $1,430 | 79.6% |
Frequently Asked Questions
Common questions about the housing market in Rockledge, Florida.
What is the median home price in Rockledge, Florida?
The median home price in Rockledge, Florida is $244,593, lower than the Florida average of $311,338.
What is the average home price in Rockledge, Florida?
The typical home price in Rockledge, Florida, reported as the median sale price, is $244,593. 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 Rockledge, Florida?
The median gross rent in Rockledge, Florida is $1,791 per month, higher than the Florida average of $1,668.
What was the median gross rent in Rockledge in 2020?
In 2020, the median gross rent in Rockledge, Florida was $1,304 per month.
What is the price-to-rent ratio in Rockledge, Florida?
The price-to-rent ratio in Rockledge, Florida is about 11.4, meaning it would take roughly 11.4 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 Rockledge.
Are home prices or rent rising faster in Rockledge, Florida?
Both home prices and rent are rising in Rockledge, up about 8.6% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockledge, Florida?
67.3% of households in Rockledge, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Rockledge, Florida?
The housing vacancy rate in Rockledge, Florida is 10.7%, lower than the Florida average of 14.6%.
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