Greenacres, FL—33463
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenacres, FL
As of Oct '25, the median home price in Greenacres, FL is $381,000, with a year-over-year change of -5.8%. This indicates that home prices in Greenacres, FL are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | -5.8% |
| Single Family | $422,000 | -5.2% |
| Condos | $148,000 | -14.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $124,000 | -12.7% |
2 Bed | $199,000 | -10.4% |
3 Bed | $409,000 | -5.1% |
4 Bed | $545,000 | -4.4% |
| 5 Bed | $669,000 | -3.5% |
% of Housing Stock
Rental Trends — Greenacres, FL
As of July '25, Rentcast reports the average rent in Greenacres, FL is $2,520, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Greenacres, FL is 1-bedrooms: $2,030, 2-bedrooms: $2,150, 3-bedrooms: $2,880, 4-bedrooms: $3,510. The most common rental property sizes in Greenacres, FL are 2-bedroom and 3-bedroom, accounting for 45.7% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,490 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,170 | $2,030 |
| 2 Bed Rent | $2,180 | $2,150 |
| 3 Bed Rent | $2,800 | $2,880 |
| 4 Bed Rent | $3,390 | $3,510 |
% of Rental Stock
Property Listings — Greenacres, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenacres, FL is 81. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | 0.0% |
Listing Count | 383 | 34.0% |
| Listings as % of Homes | 0.9% | 34.0% |
Days on Market | 81 | 23.0% |
Demographics — Greenacres, FL
As of the latest ACS Survey released in 2023, Greenacres, FL has a population of 64,900, which has increased by 4.6% over the past 5 years. Greenacres, FL is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,900 | 4.6% |
% Under 18 | 25.3% | -6.6% |
% Seniors | 13.7% | 19.1% |
% WFH | 6.5% | 182.6% |
% w/ College Degree | 24.7% | 5.1% |
As of the latest ACS Survey released in 2023, Greenacres, FL is a predominantly hispanic area, with 38.2% of the population identifying as hispanic. The hispanic population has grown by 12.0% in the last 5 years. The second most common race or ethnicity in Greenacres, FL is black, making up 29.3% of the population. Foreign-born residents account for 39.3% of the population in Greenacres, FL, and this percentage has increased by 4.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 27.2% | -18.1% |
% Black | 29.3% | 6.2% |
% Hispanic | 38.2% | 12.0% |
% Asian | 3.8% | -9.5% |
% Foreign Born | 39.3% | 4.2% |
Mortgage and Risk — Greenacres, FL
According to HUD data as of 2023, there were 1008 mortgage originations in Greenacres, FL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Greenacres, FL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,008 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Greenacres, FL
As of 2024, the percent of homes in Greenacres, FL under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Greenacres, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 376 |
Total Units Section 8 | 276 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $2,170 | $1,670 |
| 2 Bedroom | -$190 | $2,180 | $1,990 |
| 3 Bedroom | -$200 | $2,800 | $2,600 |
| 4 Bedroom | -$280 | $3,390 | $3,110 |
Affordability — Greenacres, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $381,000 |
| Median Household Income | $68,700 |