RentData

Average Rent in Homosassa Springs, FL Rents rising 7.3% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 158,693

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Homosassa Springs, FL has rental prices ranging from $945/month to $2,012/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $951/month — 32% below the national average of $1,400/month. With a median household income of $55,355/year, spending $951/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Homosassa Springs Compares

With an average 2-bedroom rent of $1,198/month, Homosassa Springs ranks #28 most expensive of the 54 cities tracked in Florida — pricier than 82% of all US cities in our data.

The Homosassa Springs Rental Market

The Homosassa Springs, FL area has a population of about 158,693 and 15% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Homosassa Springs, FL have risen by $82/month (7.3%) over the past year, from $1,116 to $1,198. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Homosassa Springs, FL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,040. The local median household income of $55,355 exceeds that threshold by $17,315, making Homosassa Springs relatively accessible compared to local wages.

Fair Market Rents

HUD FY2025
Studio
$945
Affordable
1 Bedroom
$951
Affordable
2 Bedrooms
$1,198
7.3% YoY
Affordable
3 Bedrooms
$1,679
Average
4 Bedrooms
$2,012
Expensive
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Is Homosassa Springs, FL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$47,920/year
Local median income: $55,355
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,198/month and 20% down on a home at 7% rate.

Nearby Cities in FLlargest metros in the state

CityStudio1BR2BR3BRHome Value
West Palm Beach$1,639$1,830$2,187$2,856
Miami$1,711$1,898$2,329$3,008
Fort Lauderdale$1,768$1,929$2,388$3,297
Tampa$1,566$1,686$1,978$2,533
Orlando$1,636$1,727$1,958$2,486
Jacksonville$1,381$1,454$1,730$2,163

Rent or Buy in Homosassa Springs?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Homosassa Springs data

$
Home Value
$350,000
2BR Rent
$1,198/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,198/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Homosassa Springs

Cost of living, job market, crime rates, and moving cost estimates.

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🏘️Neighborhoods in Homosassa Springs

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💵Rent Affordability in Homosassa Springs

Salary needed to afford rent here

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📋FL Tenant Rights

Deposit limits, eviction laws & renters protections