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 Q2 2021. 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 62,250 people, 43,870 houses or apartments, and a median cost of homes of $336,029, 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 45.55%, which ranks in the top 50% nationwide. This equates to an annual average The Villages house appreciation rate of 3.83%.

Over the last year, The Villages appreciation rates have trailed the rest of the nation. In the last twelve months, The Villages's appreciation rate has been 4.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in The Villages were at 1.67%, which equates to an annual appreciation rate of 6.87%.

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

Relative to Florida, our data show that The Villages's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$336,029

The Villages, FL HOME PRICES

> $1,156,000
0.3%
0.3%
$867,001 - $1,156,000
1.5%
1.5%
$578,001 - $867,000
6.7%
6.7%
$462,001 - $578,000
7.1%
7.1%
$347,001 - $462,000
18.4%
18.4%
$231,001 - $347,000
43.9%
43.9%
$116,001 - $231,000
18.2%
18.2%
$58,001 - $116,000
1.9%
1.9%
$0 - $58,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

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:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
91.98% 3.08%
1
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,905 / 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