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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Seminole County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,551 | $238,631 | $242,182 |
| Price Trend (Annual %) | 12.8% | 9.0% | 8.2% |
| Median Gross Rent | $819 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Seminole County is about 7% lower than in Georgia. Rent is about 37% lower than the Georgia 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 Seminole County, up about 12.8% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Seminole County rose about 23.0% between 2015 and 2023, from $666 to $819. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Seminole County.
Buying the median-priced home in Seminole County costs roughly 22.5 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 Seminole County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Seminole County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,551 | $238,631 | $242,182 |
| Median Household Income | $49,596 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Seminole County rose about 109.1%, while median household income rose about 40.7% 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 | Seminole County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.1% | 58.4% | 58.2% |
| Rental Rate | 18.5% | 31.0% | 31.3% |
| Vacancy Rate | 27.4% | 10.6% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Seminole County has a homeownership rate of 54.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 27.4%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Seminole County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1983 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Seminole County was built around 1983. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Seminole County, Georgia.
What is the median home price in Seminole County, Georgia?
The median home price in Seminole County, Georgia is $221,551, lower than the Georgia average of $238,631.
What is the average home price in Seminole County, Georgia?
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 Seminole County, Georgia?
The median gross rent in Seminole County, Georgia is $819 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Seminole County in 2020?
In 2020, the median gross rent in Seminole County, Georgia was $736 per month.
What is the price-to-rent ratio in Seminole County, Georgia?
The price-to-rent ratio in Seminole County, Georgia is about 22.5, meaning it would take roughly 22.5 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 Seminole County.
Are home prices or rent rising faster in Seminole County, Georgia?
Both home prices and rent are rising in Seminole County, up about 12.8% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Seminole County, Georgia?
54.1% of households in Seminole County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Seminole County, Georgia?
The housing vacancy rate in Seminole County, Georgia is 27.4%, higher than the Georgia average of 10.6%.