Ocala, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ocala, FL Housing Market Trends

With 60,786 people, 22,749 houses or apartments, and a median cost of homes of $187,279, Ocala real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ocala, accounting for 51.65% of the city's housing units. Other types of housing that are prevalent in Ocala include large apartment complexes or high rise apartments ( 25.93%), duplexes, homes converted to apartments or other small apartment buildings ( 11.36%), and a few mobile homes or trailers ( 6.30%).

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 1940-1969 ( 25.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.97%). There's also some housing in Ocala built before 1939 ( 3.75%).

Vacant housing appears to be an issue in Ocala. Fully 15.38% 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

In the last 10 years, Ocala has experienced some of the highest home appreciation rates of any community in the nation. Ocala real estate appreciated 54.78% over the last ten years, which is an average annual home appreciation rate of 4.47%, putting Ocala in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ocala definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.08%, which is higher than appreciation rates in 95.98% 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 3.78%, which equates to an annual appreciation rate of 16.01%.

Importantly, NeighborhoodScout’s exclusive research found that Ocala's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 80% 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

 
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Median Home Value:
$187,279

Ocala, FL HOME PRICES

> $1,288,000
1.1%
1.1%
$966,001 - $1,288,000
0.9%
0.9%
$644,001 - $966,000
2.0%
2.0%
$515,001 - $644,000
2.6%
2.6%
$387,001 - $515,000
5.6%
5.6%
$258,001 - $387,000
13.5%
13.5%
$129,001 - $258,000
32.6%
32.6%
$64,001 - $129,000
25.7%
25.7%
$0 - $64,000
16.0%
16.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
22,749

Ocala Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
89.72% 3.10%
2
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,231 / per month

Homeownership Rate

Owners
43.8%
43.8%
Renters
56.2%
56.2%
Vacant
15.4%
15.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
25.0%
25.0%
1970 - 1999
45.9%
45.9%
1940 - 1969
25.3%
25.3%
1939 or Older
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.6%
51.6%
Townhomes
4.8%
4.8%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
25.9%
25.9%
Mobile Homes
6.3%
6.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.0%
4.0%
1 Bedroom
10.8%
10.8%
2 Bedrooms
36.4%
36.4%
3 Bedrooms
34.0%
34.0%
4 Bedrooms
13.1%
13.1%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES