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 | St. Cloud | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,954 | $293,727 | $242,182 |
| Price Trend (Annual %) | 4.3% | 12.0% | 8.2% |
| Median Gross Rent | $1,530 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Cloud is about 25% lower than in Florida. Rent is about 2% lower 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 St. Cloud, up about 4.3% and 5.3% a year respectively. Rent is changing faster.
Median rent in St. Cloud rose about 39.5% between 2015 and 2023, from $1,097 to $1,530. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in St. Cloud.
Buying the median-priced home in St. Cloud costs roughly 12.0 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 St. Cloud. The price-to-rent ratio in Florida is about 15.7.
| Metric | St. Cloud | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,954 | $293,727 | $242,182 |
| Median Household Income | $75,029 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Cloud rose about 42.6%, while median household income rose about 52.9% 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 | St. Cloud | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.7% | 57.1% | 58.2% |
| Rental Rate | 25.6% | 27.7% | 31.3% |
| Vacancy Rate | 8.7% | 15.2% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
St. Cloud has a homeownership rate of 65.7%, higher than the Florida average of 57.1%. Its housing vacancy rate is 8.7%, compared with 15.2% in Florida.
Housing Stock
| Metric | St. Cloud | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.10 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1997 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in St. Cloud was built around 1997. On average, 3.1 people live in a home with about 5.9 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Cloud, Florida.
What is the median home price in St. Cloud, Florida?
The median home price in St. Cloud, Florida is $220,954, lower than the Florida average of $293,727.
What is the average home price in St. Cloud, 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 St. Cloud, Florida?
The median gross rent in St. Cloud, Florida is $1,530 per month, lower than the Florida average of $1,564.
What was the median gross rent in St. Cloud in 2020?
In 2020, the median gross rent in St. Cloud, Florida was $1,190 per month.
What is the price-to-rent ratio in St. Cloud, Florida?
The price-to-rent ratio in St. Cloud, Florida is about 12.0, meaning it would take roughly 12.0 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 St. Cloud.
Are home prices or rent rising faster in St. Cloud, Florida?
Both home prices and rent are rising in St. Cloud, up about 4.3% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in St. Cloud, Florida?
65.7% of households in St. Cloud, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in St. Cloud, Florida?
The housing vacancy rate in St. Cloud, Florida is 8.7%, lower than the Florida average of 15.2%.