Doctor Phillips, FL—32819
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Doctor Phillips, FL
As of Oct '25, the median home price in Doctor Phillips, FL is $495,000, with a year-over-year change of -2.4%. This indicates that home prices in Doctor Phillips, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $495,000 | -2.4% |
| Single Family | $541,000 | -3.0% |
| Condos | $289,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $142,000 | -5.3% |
2 Bed | $274,000 | -7.1% |
3 Bed | $460,000 | -3.0% |
4 Bed | $634,000 | -2.9% |
| 5 Bed | $1,118,000 | -1.3% |
% of Housing Stock
Rental Trends — Doctor Phillips, FL
As of July '25, Rentcast reports the average rent in Doctor Phillips, FL is $2,770, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Doctor Phillips, FL is studios: $1,740, 1-bedrooms: $1,540, 2-bedrooms: $2,180, 3-bedrooms: $2,910, 4-bedrooms: $3,780. The most common rental property sizes in Doctor Phillips, FL are 2-bedroom and 1-bedroom, accounting for 38.4% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,770 |
| Studio Rent | $1,610 | $1,740 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $1,950 | $2,180 |
| 3 Bed Rent | $2,700 | $2,910 |
| 4 Bed Rent | $3,600 | $3,780 |
% of Rental Stock
Property Listings — Doctor Phillips, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Doctor Phillips, FL is 80. This is a increase of 6.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $516,000 | 1.0% |
Listing Count | 274 | 41.0% |
| Listings as % of Homes | 1.0% | 41.0% |
Days on Market | 80 | 6.0% |
Demographics — Doctor Phillips, FL
As of the latest ACS Survey released in 2023, Doctor Phillips, FL has a population of 28,400, which has increased by 3.5% over the past 5 years. Doctor Phillips, FL is a moderately popular place for families, as children make up 16.5% of the population. The area has a highly educated workforce, with 50.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,400 | 3.5% |
% Under 18 | 16.5% | -12.2% |
% Seniors | 17.9% | 19.3% |
% WFH | 16.8% | 133.3% |
% w/ College Degree | 50.5% | 5.9% |
As of the latest ACS Survey released in 2023, Doctor Phillips, FL is a predominantly white area, with 51.2% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Doctor Phillips, FL is hispanic, making up 20.5% of the population. Foreign-born residents account for 27.1% of the population in Doctor Phillips, FL, and this percentage has increased by 24.9% 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 | 51.2% | -8.2% |
% Black | 11.8% | -27.2% |
% Hispanic | 20.5% | 15.2% |
% Asian | 8.2% | -5.7% |
% Foreign Born | 27.1% | 24.9% |
Mortgage and Risk — Doctor Phillips, FL
According to HUD data as of 2023, there were 443 mortgage originations in Doctor Phillips, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Doctor Phillips, FL. Investor activity is low, as 3.0% 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 | 443 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Doctor Phillips, FL
As of 2024, the percent of homes in Doctor Phillips, FL under the Section 8 program is 0.5%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Doctor Phillips, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,500 | $1,980 |
| 2 Bedroom | $300 | $1,950 | $2,250 |
| 3 Bedroom | $160 | $2,700 | $2,860 |
| 4 Bedroom | -$200 | $3,600 | $3,400 |
Affordability — Doctor Phillips, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $495,000 |
| Median Household Income | $94,400 |