The Villages, FL 2024 Housing Market | realtor.com® (2024)

FAQs

Are real estate prices dropping in The Villages in Florida? ›

The Villages, FL housing market

The median listing home price in The Villages, FL was $379.2K in July 2024, trending down -5.2% year-over-year. The median listing home price per square foot was $257. The median home sold price was $392.5K.

Home sales prices are projected to increase 6.9% in 2024 and 6.5% in 2025, with the median single-family sales price accelerating to 9.7% while the condominium/townhome median sales price rises a modest 2.5% as potential higher fees and assessments softens demand for this property type.

With 1,550 homes in the community, the Village of Duval is one of the most popular neighborhoods in The Villages. Residents love the convenience and comfort of living in this top-rated community.

Village of Lynnhaven

With a median home price of $262,237 and a median rent of $1,682, Village of Lynnhaven is the most affordable neighborhood on our list. Based on the growth in home prices in Village of Lynnhaven over the last 3 years, it ranks No. 15 among all the neighborhoods in The Villages.

Village of Tamarind Grove

With a median home price of $575,505 and a median rent of $1,682, Village of Tamarind Grove is the most expensive neighborhood on our list. Based on the growth in home prices in Village of Tamarind Grove over the last 3 years, it ranks No. 1 among all the neighborhoods in The Villages.

The Villages, Florida is one of the most well-known 55 Plus Communities globally and one of the best places to retire in Florida. The friendly atmosphere, endless activities, and nightly entertainment draw Active Adults from all over to this community.

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.

Is it a buyer's or seller's market in Florida? It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.7%, making the average house payment $3,033, which is $196 higher than a year before.

Will rent prices go down in Florida in 2024? Despite the overall cooling of the housing market, rent prices in Florida are not expected to decrease substantially in 2024.

The trouble began in 2019 when residents of The Villages were suddenly hit with a 25 percent hike in their property taxes. In the master-planned retirement community of 130,000 across Sumter, Lake, and Marion counties in central Florida, many are on fixed incomes.

Where is the best area to live in The Villages in FL? ›

1. Village of Bonnybrook. The Village of Bonnybrook is a top neighborhood in the community that offers convenient and quiet living. Its residents enjoy the relative privacy of a secluded community, yet it is still only a short drive from the area's many modern conveniences.

Fantastic retirement community. Not very diverse, but offers a lot for those looking to have a "Disney-type"/all inclusive retirement experience. Everything is located nearby. THE VILLAGES IS A STRONG GROWING COMMUNITY OF PEOPLE FROM ALL AROUND THE WORLD.

The average The Villages, FL home value is $409,251, down 2.8% over the past year and goes to pending in around 40 days.

Eastport, our newest town center, brings everything we love about The Villages lifestyle together in one location.

According to The Villages, average CDD assessments (including the bond, maintenance fee, and fire protection) range from $129 to $220 per month. A Community Development District (CDD) is a governmental unit that serves a community's long-term needs.

What is the housing market like right now? In August 2024, home prices in Florida were down 0.42% compared to last year, selling for a median price. On average, the number of homes sold was down 7.3% year over year and there were 31,250 homes sold in August this year, down 33,696 homes sold in August last year.

The Villages is billed as “Florida's Friendliest Hometown” and, based on the reviews, thousands of people agree. Maybe that's due to all of the fun activities that give everyone several chances a day to gather or maybe it's just a population that's happy to live without snow shovels.

Nine Florida housing markets, including Miami, are among the most overpriced in the U.S., data from two state universities show. The nine Florida markets were all listed as overvalued by double digits. Of the biggest 100 U.S. metro housing markets considered overvalued, the Miami metro area ranked 11th at 34.7%.

It is made up of 17 special purpose community development districts (CDD), which are controlled by a board of supervisors (BoS), five individuals elected by the landowners of the district. H. Gary Morse, the original owner's son, transferred most direct ownership in the company to his three children in 2006.