Ocala, Florida

Marion County Real Estate - Ocala

Ocala is in North Central Florida. It's population as recorded in the 2010 Census was 56,315.

The median age for residents of Ocala is 38.2. Around 29.6% of Ocala households include school aged children and 29.7% of households include individuals aged 65 years or over. Census records indicate 70.7% of the Ocala population are White, 20.9% are Black or African American, .3% American Indian, 2.5% Asian and 2.4% are Two or more Races.

There are 26,764 housing units in Ocala. 3,661 (13.6%) of these were reported as vacant in the 2010 Census. There are 13,194 residential rental units in Ocala. 11,441 of them were occupied in 2010 providing a residential rental vacancy rate of 12.8%.

Ocala links:

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Ocala is located in Marion County. It has a population of approximately 56,315 people. The population increased 1.1% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 1.2% for Marion County and a 1.7% increase for the country as a whole. Ocala occupies 44.83 of the 1584.55 square miles in Marion County. It had a population density of 1256.2 persons per square mile in 2010. This compared to 209.1 for the county, 350.6 for Florida and 87.4 for the country.

16.3% ( 26,764) of the 164,037 housing units in Marion County are in Ocala (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Ocala has a 54.3% homeownership rate compared to Marion County's 78.4% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Marion County 331,298 $8,053 1.2% $40,103 164,037 $142,000
Ocala 56,315 $5,1451.1%$36,706 26,764$140,700

Ocala's medium household income in 2011 was $36,706. Marion County's medium household income was $40,103, which is lower than the medium income for Florida as a whole: $47,827. 21.5% of the population in Ocala lives below the poverty line, compared to 14.7% in Florida, 16.5% of the population in Marion County and 14.3% nationwide. Additional Information:

Ocala Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Ocala. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $5,145 million, Ocala's economic activity represents 63.89% of Marion County's $8,053MM in economic activity. Marion County represents 1.28% of the Florida economy.

Ocala Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $1,298 25.2%
Merchant wholesaler sales $1,072 20.8%
Retail sales $2,530 49.2%
Accommodation and food services sales $246 4.8%
Total $5,145100%

Marion County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Ocala 56,315 $5,1451.1%$36,706 26,764$140,700
Silver Springs 6,539 $11X$32,066 3,449$99,300

Marion County is located in North Central Florida. This region is responsible for 2.6% of Florida's economic activity. Marion County represents 49.9% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Madison County 19,224 $137 -1.7% $36,557 8,499 $94,100
Hamilton County 14,799 $111 -0.6% $36,683 5,830 $75,600
Taylor County 22,570 $823 0.8% $38,005 11,085 $89,700
Suwannee County 41,551 $494 5.1% $37,775 19,417 $108,900
Union County 15,535 $53 -2.1% $45,645 4,566 $113,500
Bradford County 28,520 $253 -5.2% $41,397 11,083 $121,400
Lafayette County 8,870 $69 -0.7% $49,713 3,386 $153,500
Dixie County 16,422 $57 -1.8% $34,243 9,471 $104,400
Levy County 40,801 $572 -1.9% $35,920 20,350 $108,400
Gilchrist County 16,939 $63 -0.7% $38,467 7,367 $119,600
Alachua County 247,336 $3,646 1.6% $41,373 113,371 $185,100
Marion County 331,298 $8,053 1.2% $40,103 164,037 $142,000
Columbia County 67,531 $1,796 0.6% $38,589 28,910 $127,100
Total 878,554 $16,126 -0.4% $39,575 407,372 $118,715

Ocala Real Estate

There are 87,404 properties in Ocala. The following table shows a summary of them based on 2014 sales data.

Ocala Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 2,825 3.23 90 $382,500 $132January 1st, 2014September 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 584 0.67 2 $55,600 $34January 1st, 2014April 1st, 2014
Health Care 14 0.02 0n/an/an/an/a
Hotel & Motel 62 0.07 4 $1,170,000 $39April 1st, 2014September 1st, 2014
Industrial 1,009 1.15 37 $215,000 $31January 1st, 2014September 1st, 2014
Miscellaneous Property 202 0.23 1 $312,000 $333February 1st, 2014February 1st, 2014
Mobile/Manufactured 6,390 7.31 283 $25,000 $22January 1st, 2014October 1st, 2014
Multifamily 1,906 2.18 88 $79,500 $32January 1st, 2014September 1st, 2014
Office 1,098 1.26 53 $260,000 $78January 1st, 2014September 1st, 2014
Residential 71,330 81.61 4,310 $76,950 $51January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 1,437 1.64 55 $325,000 $92January 1st, 2014September 1st, 2014
Senior Housing 21 0.02 2 $2,604,250 $66February 1st, 2014April 1st, 2014
Special Purpose 426 0.49 6 $445,000 $37April 1st, 2014September 1st, 2014
Sports & Entertaining 100 0.11 4 $773,000 $50February 1st, 2014April 1st, 2014

Agricultural Real Estate in Ocala, Florida

2,825( 3.23%) of the properties in Ocala are classified as Agricultural. 90 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $53,449,100. The median sales price was $382,500. In 2014 the median sales price for A Class Agricultural in Ocala was $436 per sq ft, B Class properties sold for $132/ft and C Class $72/ft.

Commercial Real Estate in Ocala, Florida

0( .00%) of the properties in Ocala are classified as Commercial.

Government Real Estate in Ocala, Florida

584( .67%) of the properties in Ocala are classified as Government. 2 of them sold between January 1st, 2014 and April 1st, 2014. The total value of these sales was $111,200. The median sales price was $55,600. In 2014 the median sales price for Government Property in Ocala was $34 per sq ft.

Health Care Real Estate in Ocala, Florida

14( .02%) of the properties in Ocala are classified as Health Care.

Hotel & Motel Real Estate in Ocala, Florida

62( .07%) of the properties in Ocala are classified as Hotel & Motel. 4 of them sold between April 1st, 2014 and September 1st, 2014. The total value of these sales was $6,340,000. The median sales price was $1,170,000. In 2014 the median sales price for Hotel & Motel in Ocala was $39 per sq ft.

Industrial Real Estate in Ocala, Florida

1,009( 1.15%) of the properties in Ocala are classified as Industrial. 37 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $14,419,400. The median sales price was $215,000. In 2014 the median sales price for A Class Industrial in Ocala was $50 per sq ft, B Class properties sold for $31/ft and C Class $17/ft.

Miscellaneous Real Estate in Ocala, Florida

202( .23%) of the properties in Ocala are classified as Miscellaneous. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $312,000. The median sales price was $312,000. In 2014 the median sales price for Miscellaneous Property in Ocala was $333 per sq ft.

Mobile/Manufactured Real Estate in Ocala, Florida

6,390( 7.31%) of the properties in Ocala are classified as Mobile/Manufactured. 283 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $9,082,659. The median sales price was $25,000. In 2014 the median sales price for A Class Mobile/Manufactured in Ocala was $42 per sq ft, B Class properties sold for $22/ft and C Class $7/ft.

Multifamily Real Estate in Ocala, Florida

1,906( 2.18%) of the properties in Ocala are classified as Multifamily. 88 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $14,068,900. The median sales price was $79,500. In 2014 the median sales price for A Class Multifamily in Ocala was $85 per sq ft, B Class properties sold for $32/ft and C Class $14/ft.

Office Real Estate in Ocala, Florida

1,098( 1.26%) of the properties in Ocala are classified as Office. 53 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $29,277,400. The median sales price was $260,000. In 2014 the median sales price for A Class Office in Ocala was $322 per sq ft, B Class properties sold for $78/ft and C Class $16/ft.

Residential Real Estate in Ocala, Florida

71,330( 81.61%) of the properties in Ocala are classified as Residential. 4,310 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $422,479,462. The median sales price was $76,950. In 2014 the median sales price for A Class Residential in Ocala was $88 per sq ft, B Class properties sold for $51/ft and C Class $24/ft.

Residential Real Estate in Ocala, Florida

0( .00%) of the properties in Ocala are classified as Residential.

Retail Real Estate in Ocala, Florida

1,437( 1.64%) of the properties in Ocala are classified as Retail. 55 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $55,421,400. The median sales price was $325,000. In 2014 the median sales price for A Class Retail in Ocala was $222 per sq ft, B Class properties sold for $92/ft and C Class $19/ft.

Senior Housing Real Estate in Ocala, Florida

21( .02%) of the properties in Ocala are classified as Senior Housing. 2 of them sold between February 1st, 2014 and April 1st, 2014. The total value of these sales was $5,208,500. The median sales price was $2,604,250. In 2014 the median sales price for Senior Housing in Ocala was $66 per sq ft.

Special Purpose Real Estate in Ocala, Florida

426( .49%) of the properties in Ocala are classified as Special Purpose. 6 of them sold between April 1st, 2014 and September 1st, 2014. The total value of these sales was $5,185,400. The median sales price was $445,000. In 2014 the median sales price for Special Purpose in Ocala was $37 per sq ft.

Sports & Entertaining Real Estate in Ocala, Florida

100( .11%) of the properties in Ocala are classified as Sports & Entertaining. 4 of them sold between February 1st, 2014 and April 1st, 2014. The total value of these sales was $3,346,000. The median sales price was $773,000. In 2014 the median sales price for Sports & Entertaining in Ocala was $50 per sq ft.

Ocala, Marion County Market Data

Ocala Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 2,425 5,960,543
Government Property 626 8,492,313
Health Care 26 2,211,613
Hotel & Motel 58 1,891,153
Industrial 1,000 23,780,565
Land 4,844 1,245,927
Miscellaneous Property 222 398,898
Mobile/Manufactured 6,240 7,556,277
Multifamily 1,793 11,812,644
Office 1,185 5,877,700
Residential 71,928 119,733,376
Retail 1,322 14,533,714
Senior Housing 23 1,070,088
Special Purpose 439 5,183,651
Sports & Entertaining 91 935,022

Ocala Median Property Values per Sq Ft

Ocala Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $299$23 $105$13 $49$7
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2015 $311$15 $67$11 $42$8
Auto sales, auto repair and storage or auto service shop 2016 $246$23 $132$12 $61$7
Bowling alley, skating rink, pool hall or enclosed arena 2016 $299$23 $105$13 $49$7
Cannery, fruit and vegetable, bottler or brewers, distillery or winery 2016 $119$6 $36$5 $25$4
Centrally assessed 2016 $155$20 $91$9 $24$4
Church 2016 $77$15 $43$11 $22$8
Club, lodge or union hall 2016 $77$15 $43$11 $22$8
College 2016 $77$19 $43$11 $22$6
Community Shopping Center 2016 $299$23 $105$12 $49$7
Condominium 2016 $64$16 $38$16 $31$16
County Owned 2016 $28$19 $28$11 $28$6
Cropland soil capability Class I 2016 $119$34 $36$21 $25$14
Cropland soil capability Class II 2016 $119$34 $36$21 $25$14
Cropland soil capability Class III 2016 $314$34 $142$21 $70$14
Cultural organization, facility 2016 $77$15 $43$11 $22$8
Dairies, feed lots 2016 $314$34 $142$21 $70$14
Department Store 2016 $299$23 $105$12 $49$7
Drive-in Restaurant 2016 $299$23 $105$12 $49$7
Drive-in theater or open stadium 2016 $299$23 $105$13 $49$7
Enclosed theater or auditorium 2016 $299$23 $105$13 $49$7
Federal Owned 2016 $28$19 $28$11 $28$6
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $299$23 $105$12 $49$7
Florist or greenhouse 2016 $299$23 $105$12 $49$7
Food processing 2016 $119$6 $36$5 $25$4
Forest, park or recreational area 2016 $77$19 $43$11 $22$6
Golf course or driving range 2016 $34$23 $34$13 $34$7
Grazing land soil capability Class I 2016 $314$34 $142$21 $70$14
Grazing land soil capability Class II 2016 $314$34 $142$21 $70$14
Grazing land soil capability Class III 2016 $489$34 $181$21 $121$14
Grazing land soil capability Class IV 2016 $478$34 $161$21 $51$14
Grazing land soil capability Class V 2016 $478$34 $161$21 $51$14
Grazing land soil capability Class VI 2016 $314$34 $142$21 $70$14
Heavy industrial 2016 $119$6 $36$5 $25$4
Home for the aged 2016 $77$14 $43$12 $22$10
Hospital 2016 $28$19 $28$11 $28$6
Hotel or motel 2016 $392$33 $65$33 $19$33
Insurance company office 2016 $147$21 $85$15 $42$11
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $28$20 $28$9 $28$4
Light manufacturing 2016 $119$6 $36$5 $25$4
Lumber yard, sawmill or planing mill 2016 $119$6 $36$5 $25$4
Military 2016 $77$19 $43$11 $22$6
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $119$6 $36$5 $25$4
Miscellaneous Residential (migrant camp or boarding home.) 2016 $64$33 $38$33 $31$33
Mixed use - store and office or store and residential or residential combination 2016 $299$23 $105$12 $49$7
Mobile Home 2016 $49$6 $29$6 $16$6
Mortuary, cemetery or crematorium 2016 $77$15 $43$11 $22$8
Multi-family - 10 units or more 2016 $128$8 $46$6 $24$5
Multi-family - less than 10 units 2016 $148$8 $53$6 $33$5
Municipal Owned 2016 $28$19 $28$11 $28$6
Nightclub, cocktail lounge or bar 2016 $299$23 $105$13 $49$7
Office building, non-professional service building, multi-story 2016 $147$21 $85$15 $42$11
Office building, non-professional service building, one story 2016 $147$21 $85$15 $44$11
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $119$6 $36$5 $25$4
Orchard Groves, Citrus, etc. 2016 $314$34 $142$21 $70$14
Ornamentals, miscellaneous agricultural 2016 $314$34 $142$21 $70$14
Orphanage, other non-profit or charitable services 2016 $77$15 $43$11 $22$8
Packing plant (fruit and vegetable or meat packing) 2016 $119$6 $36$5 $25$4
Parking lot (commercial or patron) or mobile home park 2012 $440$0 $29$0 $21$0
Poultry, bees, tropical fish, rabbits, etc. 2016 $314$34 $142$21 $70$14
Private school or college 2016 $77$15 $43$11 $22$8
Privately owned hospital 2016 $77$25 $43$17 $22$11
Professional service building 2016 $147$21 $85$15 $42$11
Public county school 2016 $77$19 $43$11 $22$6
Race track: horse, auto or dog 2016 $299$23 $105$13 $49$7
Regional Shopping Center 2016 $299$23 $105$12 $49$7
Repair service shop (excluding automotive) 2016 $299$23 $105$12 $49$7
Restaurant, cafeteria 2016 $299$23 $105$12 $49$7
Retirement Home not eligible for exemption. 2016 $64$14 $38$12 $31$10
Sanitarium or convalescent rest home 2016 $77$25 $43$17 $22$11
Service station 2016 $299$23 $105$12 $49$7
Single Family 2016 $101$16 $69$16 $45$16
State Owned 2016 $28$19 $28$11 $28$6
Store, one story 2016 $207$23 $89$12 $59$7
Supermarket 2016 $299$23 $105$12 $49$7
Timberland - site index 50 to 59 2016 $314$34 $142$21 $70$14
Timberland - site index 60 to 69 2016 $314$34 $142$21 $70$14
Timberland - site index 70 to 79 2016 $314$34 $142$21 $70$14
Timberland - site index 80 to 89 2016 $314$34 $142$21 $70$14
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $299$23 $105$13 $49$7
Undefined - Reserved for Use by Department of Revenue 2016 $148$16 $53$16 $33$16
Utility 2016 $38$20 $38$9 $38$4
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $119$6 $36$5 $25$4
Wholesale outlet, produce house or manufacturing outlet 2016 $155$23 $91$12 $24$7