Altamonte Springs appreciation rates and housing market information

Altamonte Springs housing market information

With 41,402 people, 20,180 houses or apartments, and a median cost of homes of $243,200, Altamonte Springs real estate prices are well above average cost compared to national prices.

large apartment complexes or high rise apartments are the single most common housing type in Altamonte Springs, accounting for 54.02% of the city's housing units. Other types of housing that are prevalent in Altamonte Springs include single-family detached homes (27.53%), duplexes, homes converted to apartments, or other small apartment buildings (10.54%), and a few row houses and other attached homes (7.77%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Altamonte Springs primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Altamonte Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Altamonte Springs built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Altamonte Springs built from 1940-1969 (9.44%). A lesser amount of the housing stock also hails from 1995 and later (9.10%), and some were built from 1939 and earlier (9.10%).

Altamonte Springs home appreciation rates

In the last 10 years, Altamonte Springs has experienced some of the highest home appreciation rates of any community in the nation. Altamonte Springs real estate appreciated 126.41% over the last ten years, which is an average annual home appreciation rate of 12.64%, putting Altamonte Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Altamonte Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Altamonte Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Altamonte Springs's appreciation rate has been -10.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Altamonte Springs were at -3.69%, which equates to an annual appreciation rate of -14.76%.

Notably, Altamonte Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Altamonte Springs's latest annual appreciation rate is higher than 52% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Altamonte Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Altamonte Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Altamonte Springs real estate investment or home purchase decisions.