Okeechobee County, Florida Housing Market
In Okeechobee County, Florida, the median home value is $193,000, with a median monthly rent of $1,082. This places Okeechobee County at #1479 nationally out of 3134 counties by median home value, and #48 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $906
- Establishments: 1,060
- BLS QCEW, 2025
Housing Supply
- Single-family: 68
- Multi-family: 20
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,437 (avg $57,172)
- Outflow: 13,077 (avg $56,843)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Okeechobee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 34972 | 365.8 | +3.38% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
How Okeechobee County Compares
| Metric | Okeechobee County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $193,000 | $284,325 | $227,706 |
| Median Gross Rent | $1,082 | $1,303 | $968 |
| Owner Occupancy Rate | 73.9% | 74.6% | 73.3% |
| Price/Rent Ratio | 14.9 | 17.6 | 18.7 |
Market Analysis
The median home value in Okeechobee County is 32.1% below the Florida state average and 15.2% below the U.S. national average. The median rent of $1,082/month is 17.0% below the state average.
With a price-to-rent ratio of 14.9, buying a home in Okeechobee County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Okeechobee County has an owner-occupancy rate of 73.9%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Ransom County | North Dakota | $193,000 | $691 |
| Jackson County | Mississippi | $193,100 | $1,101 |
| Adams County | Nebraska | $193,100 | $857 |
| Warren County | Tennessee | $192,900 | $827 |
| St. Joseph County | Indiana | $192,800 | $1,062 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Columbia County | $194,900 | $976 | 72.5% |
| Levy County | $190,600 | $850 | 81.4% |
| Highlands County | $187,900 | $1,035 | 78.6% |
| Gilchrist County | $199,900 | $926 | 85.7% |
| Gadsden County | $174,900 | $851 | 70.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).