Ocala Real Estate Talk

The median home price in Ocala has dropped to $87,800.00 edging out Ft Myers to become the cheapest place to buy a home in the state of Florida according to an article in the Ocala Star Banner.

Median home prices mean that half of all homes sold for more and half of all homes sold for less than $87,800.00 I think this is a little deceptive especially to those looking at this online from outside the area.

There are great deals in the Ocala area. I just think the median home price is a little misleading. It reflects what is selling more than what you get for your money. The Ocala area has a high unemployment rate and a low wage structure and local people are buying what they can afford.

In addition, I suspect investors are buying up really cheap houses looking to fix them up and rent them for positive cash flow. A huge percentage of below $50,000- foreclosed houses are selling for cash, which to me indicates an investor.

Most houses on the Ocala Marion County MLS sell for under $200,000-. In my opinion the real sweet spot in our market is in the $125-200,000- range. It is in this range that you can find a really nice house, in a nice area that needs very little or no work at all.

I specialize in helping people from outside the area find a home here in Ocala and surrounding Marion County. If you have a question email me or use the comment feature below. If you’d like to receive listings email me about what you’re looking for or use my Dream Home Finder in the right hand column.