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Babson Park

Learn about the people, housing, costs and businesses in Babson Park, Florida

Median Home$153,349
Median Rent$1,004/month
Population1,251
Leading IndustriesPublic Administration · Manufacturing · Transportation32% public administration
Home Value Growth⬆⬆⬆+36.3% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners87% of occupied units
Babson Park
FL

Frequently Asked Questions

What are today's mortgage rates in Babson Park?

As of today, the 30-year fixed mortgage rate for Babson Park is approximately 6.968% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Babson Park?

The median home value in Babson Park is $153k. The median monthly rent is $1,004. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Babson Park?

Home values in Babson Park have increased 36.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Babson Park?

Based on a typical all-in ownership cost of $742/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Babson Park is $64k/year.

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What industries drive the economy in Babson Park?

The largest employment sectors in Babson Park are public administration (32%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.