The Villages, 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

The Villages, FL Housing Market Trends

With a population of 62,250, 43,870 total housing units (homes and apartments), and a median house value of $338,689, The Villages real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in The Villages, accounting for 96.40% of the town's housing units. Other types of housing that are prevalent in The Villages include mobile homes or trailers ( 1.96%), large apartment complexes or high rise apartments ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in The Villages. Owner-occupied housing accounts for 95.82% of The Villages's homes, and 64.80% have either three or four bedrooms, which is average sized relative to America.

The Villages homes and real estate are some of the newest in America. 84.34% of The Villages's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the The Villages real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 14.88%), and between 1940-1969 ( 0.67%).

Vacant housing appears to be an issue in The Villages. Fully 19.04% of the housing stock is classified as vacant. Left unchecked, vacant The Villages homes and apartments can be a drag on the real estate market, holding The Villages 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.

The Villages Home Appreciation Rates

Appreciation rates for homes in The Villages have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.27%, which ranks in the top 40% nationwide. This equates to an annual average The Villages house appreciation rate of 3.52%.

Appreciation rates are so strong in The Villages that despite a nationwide downturn in the housing market, The Villages real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, The Villages appreciation rates continue to be some of the highest in America, at 7.47%, which is higher than appreciation rates in 92.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in The Villages. The Villages appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.46%.

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

Average Home Values

 

Median Home Value:
$338,689

The Villages, FL HOME PRICES

> $1,165,000
0.3%
0.3%
$874,001 - $1,165,000
1.5%
1.5%
$583,001 - $874,000
6.7%
6.7%
$466,001 - $583,000
7.1%
7.1%
$350,001 - $466,000
18.4%
18.4%
$233,001 - $350,000
43.9%
43.9%
$117,001 - $233,000
18.2%
18.2%
$58,001 - $117,000
1.9%
1.9%
$0 - $58,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
43,870

The Villages 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
84.98% 2.97%
1
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,809 / per month

Homeownership Rate

Owners
95.8%
95.8%
Renters
4.2%
4.2%
Vacant
19.0%
19.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
84.3%
84.3%
1970 - 1999
14.9%
14.9%
1940 - 1969
0.7%
0.7%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.4%
96.4%
Townhomes
0.5%
0.5%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
1.1%
1.1%
Mobile Homes
2.0%
2.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
1.0%
1.0%
2 Bedrooms
33.8%
33.8%
3 Bedrooms
62.9%
62.9%
4 Bedrooms
1.9%
1.9%
5 or more bedrooms
0.1%
0.1%
0.0% 100.0%
% OF HOMES