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 | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,277 | $293,727 | $242,182 |
| Price Trend (Annual %) | 9.7% | 12.0% | 8.2% |
| Median Gross Rent | $1,716 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 8.0% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winter Garden is about 51% higher than in Florida. Rent is about 10% higher 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 Winter Garden, up about 9.7% and 8.0% a year respectively. Home prices are changing faster.
Median rent in Winter Garden rose about 71.2% between 2015 and 2023, from $1,003 to $1,716. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Winter Garden.
Buying the median-priced home in Winter Garden costs roughly 21.5 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 Winter Garden. The price-to-rent ratio in Florida is about 15.7.
| Metric | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,277 | $293,727 | $242,182 |
| Median Household Income | $100,750 | $71,865 | $78,145 |
| Price-to-Income Ratio | 4.4 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winter Garden rose about 1225.8%, while median household income rose about 50.7% between 2009 and 2023 — 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 | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 57.1% | 58.2% |
| Rental Rate | 29.7% | 27.7% | 31.3% |
| Vacancy Rate | 7.8% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Winter Garden has a homeownership rate of 62.5%, higher than the Florida average of 57.1%. Its housing vacancy rate is 7.8%, compared with 15.2% in Florida.
Housing Stock
| Metric | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1995 | 1987 | 1978 |
| Median Number of Rooms | 6.5 | 5.2 | 5.5 |
The typical housing unit in Winter Garden was built around 1995. On average, 3.0 people live in a home with about 6.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winter Garden, Florida.
What is the median home price in Winter Garden, Florida?
The median home price in Winter Garden, Florida is $443,277, higher than the Florida average of $293,727.
What is the average home price in Winter Garden, 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 Winter Garden, Florida?
The median gross rent in Winter Garden, Florida is $1,716 per month, higher than the Florida average of $1,564.
What was the median gross rent in Winter Garden in 2020?
In 2020, the median gross rent in Winter Garden, Florida was $1,245 per month.
What is the price-to-rent ratio in Winter Garden, Florida?
The price-to-rent ratio in Winter Garden, Florida is about 21.5, meaning it would take roughly 21.5 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 Winter Garden.
Are home prices or rent rising faster in Winter Garden, Florida?
Both home prices and rent are rising in Winter Garden, up about 9.7% and 8.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winter Garden, Florida?
62.5% of households in Winter Garden, Florida own their home, higher than the Florida average of 57.1%.
What is the vacancy rate in Winter Garden, Florida?
The housing vacancy rate in Winter Garden, Florida is 7.8%, lower than the Florida average of 15.2%.