Wakulla County, Florida Housing Market Prices
Wakulla 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.
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Median home price 75% below the Florida median Cheaper than 89% of counties in Florida$78,289
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Median rent 34% below the Florida median$1,108
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wakulla County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,289 | $311,338 | $248,835 |
| Price Trend (Annual %) | -3.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,108 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wakulla County is about 75% lower than in Florida. Rent is about 34% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Wakulla County: home prices fell about 3.2% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
Median rent in Wakulla County rose about 34.1% between 2015 and 2024, from $826 to $1,108. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Wakulla County.
Buying the median-priced home in Wakulla County costs roughly 5.9 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 Wakulla County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Wakulla County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,289 | $311,338 | $248,835 |
| Median Household Income | $79,935 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.0 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wakulla County fell about 39.6%, while median household income rose about 42.1% between 2009 and 2025 — 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 | Wakulla County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.5% | 57.7% | 58.5% |
| Rental Rate | 15.8% | 27.7% | 31.2% |
| Vacancy Rate | 12.7% | 14.6% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Wakulla County has a homeownership rate of 71.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 12.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Wakulla County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1996 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.2 | 5.5 |
The typical housing unit in Wakulla County was built around 1996. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Wakulla County, FL Housing Compared With Nearby Counties
How Wakulla County, FL compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wakulla County, FL | 35,387 | $78,289 #3/3 | $1,108 #2/3 | 81.9% #1/3 |
| Leon County, FL | 297,542 | $219,644 | $1,291 | 52.6% |
| Gadsden County, FL | 43,710 | $316,492 | $850 | 70.7% |
Frequently Asked Questions
Common questions about the housing market in Wakulla County, Florida.
What is the median home price in Wakulla County, Florida?
The median home price in Wakulla County, Florida is $78,289, lower than the Florida average of $311,338.
What is the average home price in Wakulla County, Florida?
The typical home price in Wakulla County, Florida, reported as the median sale price, is $78,289. 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 Wakulla County, Florida?
The median gross rent in Wakulla County, Florida is $1,108 per month, lower than the Florida average of $1,668.
What was the median gross rent in Wakulla County in 2020?
In 2020, the median gross rent in Wakulla County, Florida was $918 per month.
What is the price-to-rent ratio in Wakulla County, Florida?
The price-to-rent ratio in Wakulla County, Florida is about 5.9, meaning it would take roughly 5.9 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 Wakulla County.
Are home prices or rent rising faster in Wakulla County, Florida?
Home prices and rent are moving in opposite directions in Wakulla County: home prices fell about 3.2% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Wakulla County, Florida?
71.5% of households in Wakulla County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Wakulla County, Florida?
The housing vacancy rate in Wakulla County, Florida is 12.7%, lower than the Florida average of 14.6%.
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