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 Haven | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,888 | $293,727 | $242,182 |
| Price Trend (Annual %) | 22.2% | 12.0% | 8.2% |
| Median Gross Rent | $1,184 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winter Haven is about 24% lower than in Florida. Rent is about 24% lower 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 Haven, up about 22.2% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Winter Haven rose about 46.7% between 2015 and 2023, from $808 to $1,184. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Winter Haven.
Buying the median-priced home in Winter Haven costs roughly 15.6 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 Winter Haven. The price-to-rent ratio in Florida is about 15.7.
| Metric | Winter Haven | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,888 | $293,727 | $242,182 |
| Median Household Income | $57,005 | $71,865 | $78,145 |
| Price-to-Income Ratio | 3.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winter Haven rose about 192.6%, while median household income rose about 49.5% 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 Haven | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 57.1% | 58.2% |
| Rental Rate | 31.0% | 27.7% | 31.3% |
| Vacancy Rate | 15.1% | 15.2% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Winter Haven has a homeownership rate of 54.0%, lower than the Florida average of 57.1%. Its housing vacancy rate is 15.1%, compared with 15.2% in Florida.
Housing Stock
| Metric | Winter Haven | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1987 | 1987 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Winter Haven was built around 1987. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winter Haven, Florida.
What is the median home price in Winter Haven, Florida?
The median home price in Winter Haven, Florida is $221,888, lower than the Florida average of $293,727.
What is the average home price in Winter Haven, 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 Haven, Florida?
The median gross rent in Winter Haven, Florida is $1,184 per month, lower than the Florida average of $1,564.
What was the median gross rent in Winter Haven in 2020?
In 2020, the median gross rent in Winter Haven, Florida was $935 per month.
What is the price-to-rent ratio in Winter Haven, Florida?
The price-to-rent ratio in Winter Haven, Florida is about 15.6, meaning it would take roughly 15.6 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 Winter Haven.
Are home prices or rent rising faster in Winter Haven, Florida?
Both home prices and rent are rising in Winter Haven, up about 22.2% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winter Haven, Florida?
54.0% of households in Winter Haven, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Winter Haven, Florida?
The housing vacancy rate in Winter Haven, Florida is 15.1%, lower than the Florida average of 15.2%.