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 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

Ocala, FL Housing Market Trends

With 60,786 people, 22,749 houses or apartments, and a median cost of homes of $160,228, 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 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 81.44% over the last ten years, which is an average annual home appreciation rate of 6.14%, 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.

NeighborhoodScout's data show that during the latest twelve months, Ocala's appreciation rate, at 8.84%, has been at or slightly above the national average. In the latest quarter, Ocala's appreciation rate has been 3.71%, which annualizes to a rate of 15.70%.

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 lower 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

 

Median Home Value:
$160,228

Ocala, FL HOME PRICES

> $1,350,000
1.1%
1.1%
$1,013,001 - $1,350,000
0.9%
0.9%
$675,001 - $1,013,000
2.0%
2.0%
$540,001 - $675,000
2.6%
2.6%
$405,001 - $540,000
5.6%
5.6%
$270,001 - $405,000
13.5%
13.5%
$135,001 - $270,000
32.6%
32.6%
$68,001 - $135,000
25.7%
25.7%
$0 - $68,000
16.0%
16.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low 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:
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
90.71% 3.05%
1
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,327 / 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

 

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