The Villages, Florida - Dental Demographics - Housing


The Villages, Florida - Dental Demographics - Housing


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Housing



This 2 mile radius contains 13,511 housing units and a high vacancy rate of 14.0%. This area has a high 77.2% home ownership rate and 8.8% of the population are renters. The ownership occupancy levels are well above Florida and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $405,437 which is slightly above Florida. The median home ownership value for the United States is $303,400. This area averages spending 33.4% of their income on total housing which is considerably higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 66.6%. The average housing cost of just shelter as a percent of income in this area at 23.9%. The area is affordable for those living here. In general, all these housing factors are below average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for The Villages, Florida
The Villages, FloridaFloridaUnited States
Demographic CharacteristicThe Villages
Florida
Latitude / Longitude:28.927019, -82.003761
Radius2 miles3 miles
HOUSING
Housing units13,51130,34710,438,861145,184,826
Median home value$405,437$403,040$391,816$355,577
Home ownership rate77.2%76.9%57.8%57.9%
Renter-occupied housing8.8%8.9%29.3%32.1%
Vacant housing units14.0%14.2%13.0%10.0%
Average Cost of Housing$23,500$22,875$24,962$26,595
Average Housing Cost as a Percent of Income23.9%23.9%23.7%23.5%
HOUSEHOLDS
Households11,62226,0449,084,882130,716,571
     Average household size1.741.782.452.53
Family households60.9%61.3%64.1%64.0%
Household with children2.3%2.8%29.8%33.4%
High school graduate or higher96.5%96.8%90.9%90.6%
Bachelor degree or higher42.6%40.6%35.6%36.8%
RACE & ETHNICITY
White92.5%91.2%56.5%60.3%
Black0.8%2.0%15.0%12.5%
Native American0.1%0.1%0.5%1.1%
Asian2.4%1.9%3.2%6.4%
Pacific Islanders0.0%0.0%0.1%0.2%
Other Race0.8%0.9%7.6%8.8%
Hispanic or Latino of any race3.1%3.8%27.6%19.6%


Home Ownership Rates

The Villages, Florida - Home Ownership Rates
Owner Occupied Households by Census Tract

 74.84% to 79.74%
 66.92% to 74.84%
 60.00% to 66.92%
 36.17% to 60.00%
1.The Villages