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 | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,307 | $293,727 | $242,182 |
| Price Trend (Annual %) | 8.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,860 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 0.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sun City Center is about 10% lower than in Florida. Rent is about 19% 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 Sun City Center, up about 8.4% and 0.7% a year respectively. Home prices are changing faster.
Median rent in Sun City Center rose about 13.4% between 2015 and 2023, from $1,640 to $1,860. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Sun City Center.
Buying the median-priced home in Sun City Center costs roughly 11.9 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 Sun City Center. The price-to-rent ratio in Florida is about 15.7.
| Metric | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,307 | $293,727 | $242,182 |
| Median Household Income | $64,329 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.1 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sun City Center rose about 72.4%, while median household income rose about 47.5% 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 | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.9% | 57.1% | 58.2% |
| Rental Rate | 15.7% | 27.7% | 31.3% |
| Vacancy Rate | 12.4% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Sun City Center has a homeownership rate of 71.9%, higher than the Florida average of 57.1%. Its housing vacancy rate is 12.4%, compared with 15.2% in Florida.
Housing Stock
| Metric | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.82 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1989 | 1987 | 1978 |
| Median Number of Rooms | 5.1 | 5.2 | 5.5 |
The typical housing unit in Sun City Center was built around 1989. On average, 1.8 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sun City Center, Florida.
What is the median home price in Sun City Center, Florida?
The median home price in Sun City Center, Florida is $265,307, lower than the Florida average of $293,727.
What is the average home price in Sun City Center, 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 Sun City Center, Florida?
The median gross rent in Sun City Center, Florida is $1,860 per month, higher than the Florida average of $1,564.
What was the median gross rent in Sun City Center in 2020?
In 2020, the median gross rent in Sun City Center, Florida was $1,706 per month.
What is the price-to-rent ratio in Sun City Center, Florida?
The price-to-rent ratio in Sun City Center, Florida is about 11.9, meaning it would take roughly 11.9 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 Sun City Center.
Are home prices or rent rising faster in Sun City Center, Florida?
Both home prices and rent are rising in Sun City Center, up about 8.4% and 0.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sun City Center, Florida?
71.9% of households in Sun City Center, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Sun City Center, Florida?
The housing vacancy rate in Sun City Center, Florida is 12.4%, lower than the Florida average of 15.2%.