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Medulla

Learn about the people, housing, costs and businesses in Medulla, Florida

Median Home$301,329
Median Rent$1,476/month
Population11,589
Leading IndustriesTransportation · Healthcare · Finance & Insurance4% transportation
Home Value Growth⬆⬆+11.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners71% of occupied units
NotableAmenity Score68/100 · highly walkable area
Medulla
FL

Frequently Asked Questions

What are today's mortgage rates in Medulla?

As of today, the 30-year fixed mortgage rate for Medulla is approximately 6.925% (6.962% 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 Medulla?

The median home value in Medulla is $301k. The median monthly rent is $1,476. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medulla?

Home values in Medulla have increased 11.4% 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 Medulla?

Based on a typical all-in ownership cost of $1,335/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medulla is $80k/year.

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What industries drive the economy in Medulla?

The largest employment sectors in Medulla are public administration (19%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.