Homes for Sale in Ocala, FL: What You Need to Know
Depending on where you are moving to Ocala from, the city nicknamed "Kingdom of the Sun" may be more affordable than your current city. The cost of living in Ocala is over 10% below the national average. Home prices are lower as well. Further, Florida has no state income or estate tax, and there are tax exemptions available for primary residences and retirees. Here is a detailed look at the average monthly living expenses in Ocala:
Median Home Price: $132,400
Average Rent: $1240
Utility Bill: $159.29
Phone Bill: $204.99
Food & Groceries: 20% lower than the national average
Healthcare: 20% lower than the national average
Sales Tax: 6%
Know Your Neighborhoods
Ocala has various great communities to choose from, which range from historic to suburban, urban, and farm-style. Three sought-after areas are:
Ocala Historic District: This 172-acre area in the heart of the city is an official U.S. Historic District. It is famous for its beautifully renovated historic homes, quiet and tree-lined streets, high walkability, and proximity to downtown Ocala's dining, shopping, and entertainment venues.
Meadow Wood Farms: Ocala calls itself the "Horse Capital of the World" thanks to its over 600 thoroughbred farms and many equestrian facilities. Meadow Wood Farms is perfect for living the farm life. Its 1800 acres are filled with gorgeous estates, green pastures, hiking trails through stunning nature, and family-friendly amenities.
Westbury: This gated suburb offers its residents abundant space and luxury in an upscale environment. The median home price in Westbury is $690,000 and comes with an exclusive community, large lot sizes, and close access to golf courses, shopping, and highly-rated schools.
Things to Do in Ocala
One of the main attractions of any city in the "Sunshine State" is the warm weather. Ocala may not be located right on the coast, but offers plenty of fun activities all year round. There's natural beauty in many shapes, from the famous artesian spring formations of Silver Springs to the 44-acre botanical gardens of Shalom Park.
While horse lovers can find many equestrian facilities all around town, fans of horsepower should stop by Don Garlits Museum of Drag Racing. Here, you can learn everything about drag car racing past and present. And if you are up for a slightly longer drive, Orlando's Disneyworld and Universal Studios are just 80 minutes away.
Shopping in the City
Ocala has several malls and shopping centers. The largest is the 555,000-square foot Paddock Mall. It’s home to over 90 department stores, shops, and restaurants, including JCPenney, Chick-fil-A, and Macy's. Other large retailers like Lowe's, Walmart, and Home Depot are right nearby. The Shady Oaks Shopping Center is a convenient complement to Paddock Mall, with businesses like Best Buy, TJ Maxx, Applebee's, and an IMAX cinema. Bealls Outlet in the north-eastern part of Ocala is an excellent option for discounted prices on household items, apparel, and shoes.
The Local Population
Ocala has a population of 61,700 on 47.3 square miles. This averages out to a population density of 1304.4 persons per square mile. The city attracts many retirees, but also families, and the median age is 39.4 years. Ocala's racial makeup is 61.6% White, 20% Black, 13.3% Hispanic, and 3% Asian. An average household has a size of 2.5 people and an income of $61,217. 24% of the population holds a bachelor's degree or higher, and there's a poverty rate of 20.33%.