Brandon, Florida Real Estate & Housing Market

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Brandon Housing Information

Index	Brandon	Florida	National
Median home price	$155,700	$166,800	$184,700
Median rent asked	$1,112	$1,032	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	55.0%	64.8%	63.6%
Renter occupied households	45.0%	35.2%	36.4%

A general summary of the real estate market in Brandon, FL is listed above. Properties in Brandon, FL average a cost of $155,700, which is 7% lower than the median home price for real estate located in Florida. This means that the region of Brandon, FL is, on average, more affordable when compared to the remainder of Florida. Since tenants living in Brandon, FL will pay an average of $1,112, the median rental cost is 8% higher than in Florida. 55.0% of people in Brandon, FL own their own homes, and an average of 2.6 people inhabit each property. Brandon, FL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Brandon Home Affordability

When starting your search for real estate in Brandon, FL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Brandon, FL costs $155,700 while each household has an average income of $57,985. Consequently, the ratio of home price to household income is 2.7x; this ratio is 21% lower than the average in Florida. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Brandon, FL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Brandon, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
University, FL	43,871	$83,500	55%
East Lake-Orient Park, FL	26,160	$87,200	53%
Mango, FL	11,916	$94,300	49%
Palm River-Clair Mel, FL	22,860	$104,400	43%
Dover, FL	3,380	$111,900	39%
Brandon, FL	109,784	$155,700	16%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lowell, MA	109,871	$234,100	27%
Gresham, OR	110,042	$224,000	21%
Manchester, NH	110,231	$207,200	12%
Waterbury, CT	109,211	$129,500	30%
Billings, MT	109,089	$198,300	7%
Brandon, FL	109,784	$155,700	16%

Source: The Brandon, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).