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 | Town 'n' Country | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,619 | $293,727 | $242,182 |
| Price Trend (Annual %) | -1.0% | 12.0% | 8.2% |
| Median Gross Rent | $1,663 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Town 'n' Country is about 83% lower than in Florida. Rent is about 6% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Town 'n' Country: home prices fell about 1.0% a year while rent rose about 6.7% a year. That is an unusual pattern worth watching.
Median rent in Town 'n' Country rose about 64.5% between 2015 and 2023, from $1,011 to $1,663. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Town 'n' Country.
Buying the median-priced home in Town 'n' Country costs roughly 2.5 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 Town 'n' Country. The price-to-rent ratio in Florida is about 15.7.
| Metric | Town 'n' Country | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,619 | $293,727 | $242,182 |
| Median Household Income | $69,310 | $71,865 | $78,145 |
| Price-to-Income Ratio | 0.7 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Town 'n' Country fell about 42.8%, while median household income rose about 50.0% 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 | Town 'n' Country | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 57.1% | 58.2% |
| Rental Rate | 39.0% | 27.7% | 31.3% |
| Vacancy Rate | 7.5% | 15.2% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Town 'n' Country has a homeownership rate of 53.4%, lower than the Florida average of 57.1%. Its housing vacancy rate is 7.5%, compared with 15.2% in Florida.
Housing Stock
| Metric | Town 'n' Country | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1985 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Town 'n' Country was built around 1985. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Town 'n' Country, Florida.
What is the median home price in Town 'n' Country, Florida?
The median home price in Town 'n' Country, Florida is $49,619, lower than the Florida average of $293,727.
What is the average home price in Town 'n' Country, 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 Town 'n' Country, Florida?
The median gross rent in Town 'n' Country, Florida is $1,663 per month, higher than the Florida average of $1,564.
What was the median gross rent in Town 'n' Country in 2020?
In 2020, the median gross rent in Town 'n' Country, Florida was $1,296 per month.
What is the price-to-rent ratio in Town 'n' Country, Florida?
The price-to-rent ratio in Town 'n' Country, Florida is about 2.5, meaning it would take roughly 2.5 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 Town 'n' Country.
Are home prices or rent rising faster in Town 'n' Country, Florida?
Home prices and rent are moving in opposite directions in Town 'n' Country: home prices fell about 1.0% a year while rent rose about 6.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Town 'n' Country, Florida?
53.4% of households in Town 'n' Country, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Town 'n' Country, Florida?
The housing vacancy rate in Town 'n' Country, Florida is 7.5%, lower than the Florida average of 15.2%.