Shady Hills, Florida Real Estate & Housing Market

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Shady Hills Housing Information

Index	Shady Hills	Florida	National
Median home price	$109,200	$166,800	$184,700
Median rent asked	$894	$1,032	$949
Avg. people per household	3.1	2.6	2.6
Owner occupied households	86.7%	64.8%	63.6%
Renter occupied households	13.3%	35.2%	36.4%

Above, you will see a summary of real estate in Shady Hills, FL. On average, homes in Shady Hills, FL cost $109,200, a value that is 35% lower than the average in Florida. In general terms, this results in Shady Hills, FL real estate being more affordable than Florida real estate. On average, people who rent houses in Shady Hills, FL pay $894; this value is 13% lower than the average amount renters pay in Florida. 86.7% of Shady Hills, FL residents own their own homes and, on average, each of the homes has 3.1 occupants. Shady Hills, FL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Shady Hills, FL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Shady Hills Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Shady Hills, FL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Shady Hills, FL’s median home price stands at $109,200 while $42,827 is the value of the average household income. The resulting home price to income ratio, which is 2.5x, differs from the Florida average as the ratio is 25% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Shady Hills, FL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Shady Hills, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Pine Island, FL	10	$0	100%
Weeki Wachee, FL	1	$0	100%
Bayport, FL	61	$0	100%
Brooksville, FL	7,814	$46,000	75%
Moon Lake, FL	4,708	$49,100	73%
Shady Hills, FL	11,288	$109,200	41%

Cities with similar population

City, State	Population	Home Price	National Avg.
Ridgefield, NJ	11,294	$457,200	148%
Walker Mill, MD	11,281	$219,700	19%
East Grand Rapids, MI	11,297	$303,400	64%
Mountain Top, PA	11,298	$190,000	3%
Claiborne, LA	11,299	$139,700	24%
Shady Hills, FL	11,288	$109,200	41%

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