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About Ocala, Florida

Population: 63,104

Income: $52441

New Listings: 700

Households: 25,605

Dollar Volume

$211 Million

Median Sale Price

$288,990

Active Inventory

2,693

Home Details

Ocala, Florida's housing market has shown steady growth, with the median home price reaching $278,222 in January 2024, a 2.8% increase from the previous year, and a median price per square foot of $172. The inventory of homes for sale rose to 3,078 in January 2024, marking a 6.7% increase from December 2023. The city's rental market is also strong, with a median rent of $1,743. The real estate market is moderately competitive, with homes typically receiving one offer and selling in about 44 days. These factors make Ocala an appealing market for Homevest's fractional real estate platform, given its steady price appreciation, robust rental market, and balanced supply-demand dynamics.

Ocala Highlights

The city has experienced consistent growth in housing, with the median home sold price in January 2024 reaching $278,222, marking a 2.8% increase from the year before. The median price per square foot stands at $172.

Ocala Trends

The inventory of homes in Ocala has also been on the rise, with 3,078 homes listed for sale in January 2024, showing a 6.7% uptick from December of the previous year. This growth indicates a substantial supply of homes, aligning well with Homevest's model of acquiring rental properties for its fractional real estate platform.

Ocala Rental Market

Ocala's rental market is equally strong. The median rent across all bedroom sizes and property types is $1,743, pointing to a promising opportunity for rental revenue, which is a crucial aspect of Homevest's investment approach.

Ocala Outlook

Additionally, the city's real estate market is competitive to a degree, with homes typically receiving one offer and selling in about 44 days. This competition indicates a solid demand for homes, which plays into Homevest's business model favorably.

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