Suwannee County, Florida Housing Market Prices
Suwannee County 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.
-
Median home price 24% below the Florida median$236,240
-
Median rent 47% below the Florida median Cheaper than 86% of counties in Florida$883
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,240 | $311,338 | $248,835 |
| Price Trend (Annual %) | 8.8% | 11.2% | 7.5% |
| Median Gross Rent | $883 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Suwannee County is about 24% lower than in Florida. Rent is about 47% 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 Suwannee County, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Suwannee County rose about 30.5% between 2015 and 2024, from $677 to $883. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Suwannee County.
Buying the median-priced home in Suwannee County costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Suwannee County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,240 | $311,338 | $248,835 |
| Median Household Income | $56,397 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.2 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Suwannee County rose about 193.6%, while median household income rose about 55.0% 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 | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 57.7% | 58.5% |
| Rental Rate | 21.1% | 27.7% | 31.2% |
| Vacancy Rate | 16.0% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Suwannee County has a homeownership rate of 62.9%, higher than the Florida average of 57.7%. Its housing vacancy rate is 16.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1990 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Suwannee County was built around 1990. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Suwannee County, FL Housing Compared With Nearby Counties
How Suwannee County, FL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Suwannee County, FL | 45,342 | $236,240 #1/3 | $883 #2/3 | 74.9% #2/3 |
| Hamilton County, FL | 13,616 | $193,333 | $724 | 79.8% |
| Columbia County, FL | 71,789 | $109,269 | $975 | 72.5% |
Frequently Asked Questions
Common questions about the housing market in Suwannee County, Florida.
What is the median home price in Suwannee County, Florida?
The median home price in Suwannee County, Florida is $236,240, lower than the Florida average of $311,338.
What is the average home price in Suwannee County, Florida?
The typical home price in Suwannee County, Florida, reported as the median sale price, is $236,240. 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 Suwannee County, Florida?
The median gross rent in Suwannee County, Florida is $883 per month, lower than the Florida average of $1,668.
What was the median gross rent in Suwannee County in 2020?
In 2020, the median gross rent in Suwannee County, Florida was $712 per month.
What is the price-to-rent ratio in Suwannee County, Florida?
The price-to-rent ratio in Suwannee County, Florida is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Suwannee County.
Are home prices or rent rising faster in Suwannee County, Florida?
Both home prices and rent are rising in Suwannee County, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Suwannee County, Florida?
62.9% of households in Suwannee County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Suwannee County, Florida?
The housing vacancy rate in Suwannee County, Florida is 16.0%, higher than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →