Ocala, FL

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Ocala, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ocala Housing Market Information

With a population of 59,110, 21,993 total housing units (homes and apartments), and a median house value of $151,037, house prices in Ocala are solidly below the national average.

Single-family detached homes are the single most common housing type in Ocala, accounting for 52.30% of the city's housing units. Other types of housing that are prevalent in Ocala include large apartment complexes or high rise apartments ( 25.34%), duplexes, homes converted to apartments or other small apartment buildings ( 11.87%), and a few mobile homes or trailers ( 5.72%).

People in Ocala primarily live in small (one, two or no bedroom) single-family detached homes. Ocala has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Ocala built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ocala built between 2000 and later ( 26.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.79%). There's also some housing in Ocala built before 1939 ( 4.78%).

Vacant housing appears to be an issue in Ocala. Fully 17.31% of the housing stock is classified as vacant. Left unchecked, vacant Ocala homes and apartments can be a drag on the real estate market, holding Ocala real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ocala Home Appreciation Rates

Real estate appreciation rates in Ocala's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.52% during the period.

Appreciation rates are so strong in Ocala that despite a nationwide downturn in the housing market, Ocala real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ocala appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 87.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ocala. Ocala appreciation rates in the latest quarter were at 2.31%, which equates to an annual appreciation rate of 9.58%.

Importantly, this makes Ocala one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Ocala's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ocala differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ocala - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ocala real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,327,000 0.6
$996,001 - $1,327,000 0.6
$664,001 - $996,000 1.2
$531,001 - $664,000 2.2
$398,001 - $531,000 5.1
$266,001 - $398,000 14.0
$132,001 - $266,000 33.9
$66,001 - $132,000 27.4
$0 - $66,000 14.9

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
56.3328467153285 73.6170212765957

Number Of Homes And Apartments:

Ocala Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
65.11% 2.64%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,074 / per month

Homeownership Rate

Owners 48.59
Renters 51.41
Vacant 17.31

Housing Market Details


Age of Homes

2000 or Newer 26.5
1970 - 1999 46.0
1940 - 1969 22.8
1939 or Older 4.8

Types of Homes

Single-Family 52.3
Townhomes 4.8
Small Apt. Buildings 11.9
Apt. Complexes 25.3
Mobile Homes 5.7
Other 0.0

Home Size

No Bedroom 3.40
1 Bedroom 10.67
2 Bedrooms 36.09
3 Bedrooms 37.28
4 Bedrooms 11.33
5 or more bedrooms 1.23