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Ocala Real Estate Market Overview

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Location and Weather

Ocala is in the northern-central Florida region of Marion County. Known as the “Horse Capital of the World”, this historic city has equestrian roots and a metropolitan community. Ocala is made up of miles of green trails, hills, and pine forests. It’s also home to Silver Springs Lake, which is one of the biggest spring water attractions located here.

The weather is warm year-round but winter temperatures drop lower than most Floridian cities. Ocala is also one of the few places in Florida that doesn’t receive much activity during hurricane season due to its central location.

Population, Job Market and Cost of Living

Ocala has a population of 62,322, with a growth rate of 0.83% annually. The job market has increased by 2.3% over the last year. In ten years, job growth is predicted to be 37.6%. Ocala might be a slower paced city, but it boasts low crime rates, affordability and is progressive in terms of economy. Forbes magazine named Ocala the Top 10 Metros for Future Job Growth for 5 consecutive years, as its transportation, manufacturing, health care and professional service industries continue to expand. The manufacturing industry here is double in size compared to the average for the state of Florida.

The cost of living is fairly low in Ocala, making it a less expensive city to live in. Affordable housing makes this a desirable city for many residents.

Hottest Neighborhoods:

East Ocala, West Ocala, Midtown Ocala, Ocala Historic District, Maricamp, North Magnolia

Average Monthly Rent in Ocala

The average monthly rent is $1,366 for an average apartment size of 1,016 sq. feet.

Change in Home Value and Median Home Value

There has been a 40.1% increase in Ocala’s median home value over the last year. As of 2022, the median home value is $269,000.

Days to Sell a House

On average, homes in Ocala sell after 63 days on the market.

Best Time to Sell a Home in Ocala

In Ocala, selling a home during the month of May can earn home owners the highest value. Selling a home in November can provide home owners with the quickest sale.

Affordability Index

The affordability index in Ocala is 144. This number indicates high affordability in this city.

Ocala Public School Ranking

The top ranked public schools are Madison Street Academy of Visual and Performing Arts, DR N H Jones Elementary School, Osceola Middle School, Howard Middle School, West Port High School, and Forest High School. This information derives from data measuring academic performance and equity.

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