Ocala, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Ocala Housing Market Information

With 59,110 people, 21,348 houses or apartments, and a median cost of homes of $152,310, 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 51.88% of the city's housing units. Other types of housing that are prevalent in Ocala include large apartment complexes or high rise apartments ( 27.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few mobile homes or trailers ( 5.81%).

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 ( 27.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.61%). There's also some housing in Ocala built before 1939 ( 4.53%).

Vacant housing appears to be an issue in Ocala. Fully 18.15% 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

Ocala's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ocala during the period has been just -0.43%, which is lower than 80% of US communities.

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 12.51%, which is higher than appreciation rates in 98.20% 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 0.11%, which equates to an annual appreciation rate of 0.46%.

Notably, Ocala's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Ocala's latest annual appreciation rate is higher than 90% 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:
$152,310

Ocala, FL HOME PRICES

Value Range
> $1,371,000 0.7
$1,028,001 - $1,371,000 0.5
$686,001 - $1,028,000 0.7
$548,001 - $686,000 2.0
$411,001 - $548,000 4.6
$274,001 - $411,000 12.6
$137,001 - $274,000 28.6
$68,001 - $137,000 32.1
$0 - $68,000 18.2

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
54.9489051094891 72.5531914893617

Number Of Homes And Apartments:
21,348

Ocala Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
61.29% 2.58%
2
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,060 / per month

Homeownership Rate

Homeownership
Owners 48.23
Renters 51.77
Vacant 18.15

Housing Market Details

 

Age of Homes

AGE OF Ocala HOMES
2000 or Newer 27.2
1970 - 1999 46.7
1940 - 1969 21.6
1939 or Older 4.5

Types of Homes

TYPE OF Ocala HOMES
Single-Family 51.9
Townhomes 4.3
Small Apt. Buildings 10.8
Apt. Complexes 27.2
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Ocala HOMES
No Bedroom 3.46
1 Bedroom 10.91
2 Bedrooms 35.42
3 Bedrooms 37.15
4 Bedrooms 11.87
5 or more bedrooms 1.19