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Tavares

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

Median Home$236,818
Median Rent$1,383/month
Population19,626
Leading IndustryEducation2% of local workforce
Home Value Growth⬆⬆⬆+33.0% over 2 years
Retirees26% of residentsabove average nationally
Homeowners76% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Tavares
FL

Frequently Asked Questions

What are today's mortgage rates in Tavares?

As of today, the 30-year fixed mortgage rate for Tavares is approximately 6.940% (6.978% 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 Tavares?

The median home value in Tavares is $237k. The median monthly rent is $1,383. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tavares?

Home values in Tavares have increased 33.0% 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 Tavares?

Based on a typical all-in ownership cost of $1,137/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tavares is $59k/year.

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What industries drive the economy in Tavares?

The largest employment sectors in Tavares are public administration (24%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.