Westchase, Florida Housing Market Prices
Westchase 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 45% above the Florida median$449,977
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Median rent 30% above the Florida median$2,174
Housing Market Overview
| Metric | Westchase | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,977 | $311,338 | $248,835 |
| Price Trend (Annual %) | 12.2% | 11.2% | 7.5% |
| Median Gross Rent | $2,174 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westchase is about 45% higher than in Florida. Rent is about 30% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Westchase, up about 12.2% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Westchase rose about 68.1% between 2015 and 2024, from $1,293 to $2,174. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Westchase.
Buying the median-priced home in Westchase costs roughly 17.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Westchase. The price-to-rent ratio in Florida is about 15.6.
| Metric | Westchase | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,977 | $311,338 | $248,835 |
| Median Household Income | $124,300 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Westchase rose about 144.4%, while median household income rose about 35.4% 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 | Westchase | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.3% | 57.7% | 58.5% |
| Rental Rate | 34.7% | 27.7% | 31.2% |
| Vacancy Rate | 4.0% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Westchase has a homeownership rate of 61.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 4.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Westchase | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2001 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Westchase was built around 2001. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Westchase, FL Housing Compared With Nearby Cities
How Westchase, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Westchase, FL | 24,886 | $449,977 #1/2 | $2,174 #1/2 | 63.9% #1/2 |
| Town 'n' Country, FL | 84,768 | $49,025 | $1,762 | 58.8% |
Frequently Asked Questions
Common questions about the housing market in Westchase, Florida.
What is the median home price in Westchase, Florida?
The median home price in Westchase, Florida is $449,977, higher than the Florida average of $311,338.
What is the average home price in Westchase, Florida?
The typical home price in Westchase, Florida, reported as the median sale price, is $449,977. 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 Westchase, Florida?
The median gross rent in Westchase, Florida is $2,174 per month, higher than the Florida average of $1,668.
What was the median gross rent in Westchase in 2020?
In 2020, the median gross rent in Westchase, Florida was $1,559 per month.
What is the price-to-rent ratio in Westchase, Florida?
The price-to-rent ratio in Westchase, Florida is about 17.2, meaning it would take roughly 17.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Westchase.
Are home prices or rent rising faster in Westchase, Florida?
Both home prices and rent are rising in Westchase, up about 12.2% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westchase, Florida?
61.3% of households in Westchase, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Westchase, Florida?
The housing vacancy rate in Westchase, Florida is 4.0%, lower than the Florida average of 14.6%.
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