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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $385,257 | $293,727 | $242,182 |
| Price Trend (Annual %) | 7.8% | 12.0% | 8.2% |
| Median Gross Rent | $1,775 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Johns County is about 31% higher than in Florida. Rent is about 14% 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 St. Johns County, up about 7.8% and 6.4% a year respectively. Home prices are changing faster.
Median rent in St. Johns County rose about 58.7% between 2015 and 2023, from $1,118 to $1,775. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in St. Johns County.
Buying the median-priced home in St. Johns County costs roughly 18.1 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 St. Johns County. The price-to-rent ratio in Florida is about 15.7.
| Metric | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $385,257 | $293,727 | $242,182 |
| Median Household Income | $105,817 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.6 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Johns County rose about 78.1%, while median household income rose about 65.5% between 2009 and 2023 — 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 | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 57.1% | 58.2% |
| Rental Rate | 15.4% | 27.7% | 31.3% |
| Vacancy Rate | 14.4% | 15.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
St. Johns County has a homeownership rate of 70.2%, higher than the Florida average of 57.1%. Its housing vacancy rate is 14.4%, compared with 15.2% in Florida.
Housing Stock
| Metric | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 2000 | 1987 | 1978 |
| Median Number of Rooms | 6.1 | 5.2 | 5.5 |
The typical housing unit in St. Johns County was built around 2000. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Johns County, Florida.
What is the median home price in St. Johns County, Florida?
The median home price in St. Johns County, Florida is $385,257, higher than the Florida average of $293,727.
What is the average home price in St. Johns County, 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. Johns County, Florida?
The median gross rent in St. Johns County, Florida is $1,775 per month, higher than the Florida average of $1,564.
What was the median gross rent in St. Johns County in 2020?
In 2020, the median gross rent in St. Johns County, Florida was $1,355 per month.
What is the price-to-rent ratio in St. Johns County, Florida?
The price-to-rent ratio in St. Johns County, Florida is about 18.1, meaning it would take roughly 18.1 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 St. Johns County.
Are home prices or rent rising faster in St. Johns County, Florida?
Both home prices and rent are rising in St. Johns County, up about 7.8% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Johns County, Florida?
70.2% of households in St. Johns County, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in St. Johns County, Florida?
The housing vacancy rate in St. Johns County, Florida is 14.4%, lower than the Florida average of 15.2%.