The Villages, Florida

Sumter County Real Estate - The Villages

The Villages is in East Central Florida. It's population as recorded in the 2010 Census was 51,442.

The median age for residents of The Villages is 68.7. Around .2% of The Villages households include school aged children and 79.6% of households include individuals aged 65 years or over. Census records indicate 98.1% of the The Villages population are White, .6% are Black or African American, .1% American Indian, .6% Asian and .2% are Two or more Races.

There are 35,587 housing units in The Villages. 6,946 (19.5%) of these were reported as vacant in the 2010 Census. The Villages is a tourist destination, 65.6% (4,559) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,162 residential rental units in The Villages. 889 of them were occupied in 2010 providing a residential rental vacancy rate of 54.4%.

The Villages links:

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The Villages is located in Sumter County. It has a population of approximately 51,442 people. The population increased X from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 8.8% for Sumter County and a 1.7% increase for the country as a whole. The Villages occupies 30.81 of the 546.93 square miles in Sumter County. It had a population density of 1669.8 persons per square mile in 2010. This compared to 170.8 for the county, 350.6 for Florida and 87.4 for the country.

63.6% ( 35,587) of the 55,988 housing units in Sumter County are in The Villages (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.) The Villages has a 96.8% homeownership rate compared to Sumter County's 89.6% 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
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
The Villages 51,442 $189X$51,234 35,587$219,400

The Villages's medium household income in 2011 was $51,234. Sumter County's medium household income was $44,817, which is lower than the medium income for Florida as a whole: $47,827. 3.7% of the population in The Villages lives below the poverty line, compared to 14.7% in Florida, 11.2% of the population in Sumter County and 14.3% nationwide. Additional Information:

The Villages 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 The Villages. 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 $189 million, The Villages's economic activity represents 16.89% of Sumter County's $1,120MM in economic activity. Sumter County represents 0.18% of the Florida economy.

The Villages Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $5 2.6%
Retail sales $160 84.8%
Accommodation and food services sales $24 12.6%
Total $189100%

Sumter 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
The Villages 51,442 $189X$51,234 35,587$219,400
Wildwood 6,709 $01.2%$37,796 4,464$97,200

Sumter County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Sumter County represents 1.0% 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
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

The Villages Real Estate

There are 40,436 properties in The Villages. The following table shows a summary of them based on 2014 sales data.

The Villages Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 21 0.05 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 78 0.19 0n/an/an/an/a
Health Care 1 0.00 0n/an/an/an/a
Hotel & Motel 4 0.01 0n/an/an/an/a
Miscellaneous Property 7 0.02 0n/an/an/an/a
Mobile/Manufactured 16 0.04 1 $200,000 $140June 1st, 2014June 1st, 2014
Office 35 0.09 2 $7,955,000 $251February 1st, 2014May 1st, 2014
Residential 40,187 99.38 2,366 $249,900 $128January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 44 0.11 0n/an/an/an/a
Special Purpose 30 0.07 0n/an/an/an/a
Sports & Entertaining 13 0.03 0n/an/an/an/a

Agricultural Real Estate in The Villages, Florida

21( .05%) of the properties in The Villages are classified as Agricultural.

Commercial Real Estate in The Villages, Florida

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

Government Real Estate in The Villages, Florida

78( .19%) of the properties in The Villages are classified as Government.

Health Care Real Estate in The Villages, Florida

1( .00%) of the properties in The Villages are classified as Health Care.

Hotel & Motel Real Estate in The Villages, Florida

4( .01%) of the properties in The Villages are classified as Hotel & Motel.

Miscellaneous Real Estate in The Villages, Florida

7( .02%) of the properties in The Villages are classified as Miscellaneous.

Mobile/Manufactured Real Estate in The Villages, Florida

16( .04%) of the properties in The Villages are classified as Mobile/Manufactured. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $200,000. The median sales price was $200,000. In 2014 the median sales price for Mobile/Manufactured in The Villages was $140 per sq ft.

Office Real Estate in The Villages, Florida

35( .09%) of the properties in The Villages are classified as Office. 2 of them sold between February 1st, 2014 and May 1st, 2014. The total value of these sales was $15,910,000. The median sales price was $7,955,000. In 2014 the median sales price for Office in The Villages was $251 per sq ft.

Residential Real Estate in The Villages, Florida

40,187( 99.38%) of the properties in The Villages are classified as Residential. 2,366 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $661,396,525. The median sales price was $249,900. In 2014 the median sales price for A Class Residential in The Villages was $167 per sq ft, B Class properties sold for $128/ft and C Class $112/ft.

Residential Real Estate in The Villages, Florida

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

Retail Real Estate in The Villages, Florida

44( .11%) of the properties in The Villages are classified as Retail.

Special Purpose Real Estate in The Villages, Florida

30( .07%) of the properties in The Villages are classified as Special Purpose.

Sports & Entertaining Real Estate in The Villages, Florida

13( .03%) of the properties in The Villages are classified as Sports & Entertaining.

The Villages, Sumter County Market Data

The Villages Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 20 94,832
Government Property 78 306,782
Health Care 1 51,717
Hotel & Motel 4 74,026
Land 13,048 16,724,397
Miscellaneous Property 7 8,214
Mobile/Manufactured 14 16,862
Office 34 430,436
Residential 33,159 64,815,843
Retail 42 578,416
Special Purpose 28 234,798
Sports & Entertaining 13 155,454

The Villages Median Property Values per Sq Ft

The Villages Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $169$24 $146$12 $132$7
Bowling alley, skating rink, pool hall or enclosed arena 2016 $169$37 $146$17 $132$7
Centrally assessed 2016 $169$42 $146$15 $132$6
Church 2016 $169$24 $146$12 $132$7
Club, lodge or union hall 2016 $169$24 $146$12 $132$7
Community Shopping Center 2016 $169$32 $146$16 $132$8
Condominium 2016 $169$16 $146$16 $132$16
County Owned 2016 $169$30 $146$15 $132$7
Cropland soil capability Class II 2016 $169$27 $146$15 $132$9
Cropland soil capability Class III 2014 $342$25 $161$14 $58$8
Department Store 2016 $169$32 $146$16 $132$8
Drive-in Restaurant 2016 $169$32 $146$16 $132$8
Enclosed theater or auditorium 2016 $169$37 $146$17 $132$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $169$32 $146$16 $132$8
Forest, park or recreational area 2016 $169$30 $146$15 $132$7
Golf course or driving range 2016 $169$37 $146$17 $132$7
Grazing land soil capability Class I 2016 $169$27 $146$15 $132$9
Grazing land soil capability Class IV 2016 $169$27 $146$15 $132$9
Hotel or motel 2016 $169$33 $146$33 $132$33
Improved agricultural 2016 $169$27 $146$15 $132$9
Miscellaneous Residential (migrant camp or boarding home.) 2016 $169$33 $146$33 $132$33
Mixed use - store and office or store and residential or residential combination 2016 $169$32 $146$16 $132$8
Mobile Home 2016 $169$6 $146$6 $132$6
Municipal Owned 2016 $169$30 $146$15 $132$7
Office building, non-professional service building, multi-story 2016 $169$30 $146$18 $132$11
Office building, non-professional service building, one story 2016 $169$30 $146$18 $132$11
Professional service building 2016 $169$30 $146$18 $132$11
Repair service shop (excluding automotive) 2016 $169$32 $146$16 $132$8
Restaurant, cafeteria 2016 $169$32 $146$16 $132$8
Sanitarium or convalescent rest home 2016 $169$25 $146$17 $132$11
Service station 2016 $169$32 $146$16 $132$8
Single Family 2016 $169$16 $146$16 $132$16
Store, one story 2016 $169$32 $146$16 $132$8
Supermarket 2016 $169$32 $146$16 $132$8
Undefined - Reserved for Use by Department of Revenue 2016 $169$16 $146$16 $132$16
Utility 2016 $169$42 $146$15 $132$6