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 | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,291 | $293,727 | $242,182 |
| Price Trend (Annual %) | 1.5% | 12.0% | 8.2% |
| Median Gross Rent | $1,551 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in The Villages is about 12% lower than in Florida. Rent is about 1% 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 The Villages, up about 1.5% and 3.7% a year respectively. Rent is changing faster.
Median rent in The Villages rose about 41.0% between 2015 and 2023, from $1,100 to $1,551. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in The Villages.
Buying the median-priced home in The Villages costs roughly 13.8 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 The Villages. The price-to-rent ratio in Florida is about 15.7.
| Metric | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,291 | $293,727 | $242,182 |
| Median Household Income | $76,274 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in The Villages rose about 20.3%, while median household income rose about 64.1% 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 | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.7% | 57.1% | 58.2% |
| Rental Rate | 5.6% | 27.7% | 31.3% |
| Vacancy Rate | 15.8% | 15.2% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
The Villages has a homeownership rate of 78.7%, higher than the Florida average of 57.1%. Its housing vacancy rate is 15.8%, compared with 15.2% in Florida.
Housing Stock
| Metric | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.75 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 2007 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in The Villages was built around 2007. On average, 1.7 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in The Villages, Florida.
What is the median home price in The Villages, Florida?
The median home price in The Villages, Florida is $257,291, lower than the Florida average of $293,727.
What is the average home price in The Villages, 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 The Villages, Florida?
The median gross rent in The Villages, Florida is $1,551 per month, lower than the Florida average of $1,564.
What was the median gross rent in The Villages in 2020?
In 2020, the median gross rent in The Villages, Florida was $1,400 per month.
What is the price-to-rent ratio in The Villages, Florida?
The price-to-rent ratio in The Villages, Florida is about 13.8, meaning it would take roughly 13.8 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 The Villages.
Are home prices or rent rising faster in The Villages, Florida?
Both home prices and rent are rising in The Villages, up about 1.5% and 3.7% a year respectively. Rent is changing faster.
What is the homeownership rate in The Villages, Florida?
78.7% of households in The Villages, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in The Villages, Florida?
The housing vacancy rate in The Villages, Florida is 15.8%, higher than the Florida average of 15.2%.