Wellington, Florida Housing Market Prices
Wellington 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 104% above the Florida median$635,013
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Median rent 48% above the Florida median$2,476
Housing Market Overview
| Metric | Wellington | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $635,013 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.7% | 11.2% | 7.5% |
| Median Gross Rent | $2,476 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wellington is about 104% higher than in Florida. Rent is about 48% higher 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 Wellington, up about 9.7% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Wellington rose about 70.9% between 2015 and 2024, from $1,449 to $2,476. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Wellington.
Buying the median-priced home in Wellington costs roughly 21.4 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 Wellington. The price-to-rent ratio in Florida is about 15.6.
| Metric | Wellington | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $635,013 | $311,338 | $248,835 |
| Median Household Income | $117,736 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wellington rose about 104.3%, while median household income rose about 33.6% 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 | Wellington | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.5% | 57.7% | 58.5% |
| Rental Rate | 20.8% | 27.7% | 31.2% |
| Vacancy Rate | 10.7% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Wellington has a homeownership rate of 68.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 10.7%, compared with 14.6% in Florida.
Housing Stock
| Metric | Wellington | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.89 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1992 | 1988 | 1978 |
| Median Number of Rooms | 6.2 | 5.2 | 5.5 |
The typical housing unit in Wellington was built around 1992. On average, 2.9 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Wellington, FL Housing Compared With Nearby Cities
How Wellington, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wellington, FL | 61,106 | $635,013 #1/3 | $2,476 #1/3 | 76.7% #2/3 |
| Royal Palm Beach, FL | 36,723 | $601,257 | $2,215 | 82.9% |
| Greenacres, FL | 41,954 | $163,160 | $1,740 | 66.3% |
Frequently Asked Questions
Common questions about the housing market in Wellington, Florida.
What is the median home price in Wellington, Florida?
The median home price in Wellington, Florida is $635,013, higher than the Florida average of $311,338.
What is the average home price in Wellington, Florida?
The typical home price in Wellington, Florida, reported as the median sale price, is $635,013. 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 Wellington, Florida?
The median gross rent in Wellington, Florida is $2,476 per month, higher than the Florida average of $1,668.
What was the median gross rent in Wellington in 2020?
In 2020, the median gross rent in Wellington, Florida was $1,909 per month.
What is the price-to-rent ratio in Wellington, Florida?
The price-to-rent ratio in Wellington, Florida is about 21.4, meaning it would take roughly 21.4 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 Wellington.
Are home prices or rent rising faster in Wellington, Florida?
Both home prices and rent are rising in Wellington, up about 9.7% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wellington, Florida?
68.5% of households in Wellington, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Wellington, Florida?
The housing vacancy rate in Wellington, Florida is 10.7%, lower than the Florida average of 14.6%.
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