Doctor Phillips, Florida Real Estate & Housing Market

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Doctor Phillips Housing Information

Index	Doctor Phillips	Florida	National
Median home price	$294,700	$166,800	$184,700
Median rent asked	$1,561	$1,032	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	76.5%	64.8%	63.6%
Renter occupied households	23.5%	35.2%	36.4%

A general overview of the Doctor Phillips, FL real estate market is displayed above. The median home price for homes in Doctor Phillips, FL is $294,700, which is 77% higher than the Florida average. This means that real estate in the Doctor Phillips, FL area is generally less affordable than the rest of Florida. The median rent price in Doctor Phillips, FL is $1,561 which is 51% higher than the Florida average. In Doctor Phillips, FL, 76.5% of people are home owners and an average of 2.6 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Doctor Phillips, FL. We make it easy to find Doctor Phillips, FL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Doctor Phillips Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Doctor Phillips, FL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Doctor Phillips, FL is $294,700 and the median household income is $78,900. This results in a home price to income ratio of 3.7x, which is 10% higher than the Florida average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Doctor Phillips, FL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Doctor Phillips, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Ferndale, FL	510	$0	100%
Lake Hart, FL	208	$0	100%
Bay Lake, FL	42	$0	100%
Lake Buena Vista, FL	3	$0	100%
Tildenville, FL	1,550	$0	100%
Doctor Phillips, FL	10,878	$294,700	60%

Cities with similar population

City, State	Population	Home Price	National Avg.
Youngsville, LA	10,878	$222,300	20%
Show Low, AZ	10,875	$136,500	26%
Urbana, MD	10,872	$439,900	138%
Villas, FL	10,871	$121,100	34%
Little Ferry, NJ	10,868	$325,700	76%
Doctor Phillips, FL	10,878	$294,700	60%

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