Arcadia appreciation rates and housing market information

Arcadia housing market information

With a population of 6,742, 2,650 total housing units (homes and apartments), and a median house value of $133,600, house prices in Arcadia are solidly below the national average.

single-family detached homes are the single most common housing type in Arcadia, accounting for 73.25% of the city's housing units. Other types of housing that are prevalent in Arcadia include duplexes, homes converted to apartments, or other small apartment buildings (11.85%), mobile homes or trailers (6.53%), large apartment complexes or high rise apartments (6.00%), and a few row houses and other attached homes (1.70%).

People in Arcadia primarily live in small (one, two, or no bedroom) single-family detached homes. Arcadia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Arcadia 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 Arcadia built from 1940-1969 (41.58%). A lesser amount of the housing stock also hails from 1939 and earlier (14.15%), and some were built from 1995 and later (14.15%).

Vacant housing appears to be an issue in Arcadia. Fully 12.23% of the housing stock is classified as vacant. Left unchecked, vacant Arcadia homes and apartments can be a drag on the real estate market, holding Arcadia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Arcadia home appreciation rates

In the last 10 years, Arcadia has experienced some of the highest home appreciation rates of any community in the nation. Arcadia real estate appreciated 130.12% over the last ten years, which is an average annual home appreciation rate of 13.01%, putting Arcadia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arcadia 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, Arcadia appreciation rates have trailed the rest of the nation. In the last twelve months, Arcadia's appreciation rate has been -10.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arcadia were at -5.43%, which equates to an annual appreciation rate of -21.72%.

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

Relative to Florida, our data show that Arcadia's latest annual appreciation rate is higher than 51% of the other cities and towns in Florida.