Quick facts: Center hill, FL

Quick Facts

107.5
Cost of Living
above US average
957
Population
20.9
Crime Rate per 1000
below US average
$59,514
Median Income
below US average
$549,000
Median House Price
above US average
$2141
Average Rent
above US average
13%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,514.

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Income Needed to Buy

βœ— Stretch
$172k/year
Based on $549,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $172k vs median $59,514
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2141/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $59,514
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Center hill, FL

Center Hill is a small city located in Sumter County, Florida. It is part of the wider Ocala Metropolitan Statistical Area and is characterized by its quiet, rural atmosphere. The city is primarily residential, offering a peaceful environment for families and retirees. Center Hill has a strong sense of community, with local events and gatherings fostering connections among residents. The area is surrounded by natural beauty, featuring lush landscapes and opportunities for outdoor activities, including fishing, hiking, and boating nearby. The city's location provides convenient access to larger urban centers, such as Orlando and Ocala, allowing residents to enjoy a suburban lifestyle while still being close to urban amenities, including shopping, dining, and entertainment. While smaller than some of its neighbors, Center Hill offers a unique charm with its blend of rural living and community-focused lifestyle, making it an ideal spot for those looking to escape the hustle and bustle of larger cities.

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