Bayshore Gardens appreciation rates and housing market information

Bayshore Gardens housing market information

With 17,383 people, 10,087 houses or apartments, and a median cost of homes of $150,200, Bayshore Gardens real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Bayshore Gardens, accounting for 32.74% of the town's housing units. Other types of housing that are prevalent in Bayshore Gardens include large apartment complexes or high rise apartments (24.84%), mobile homes or trailers (23.50%), duplexes, homes converted to apartments, or other small apartment buildings (9.86%), and a few row houses and other attached homes (8.79%).

Dwellings in Bayshore Gardens tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 78.53% of the homes in Bayshore Gardens have two or fewer bedrooms.

There is a lot of housing in Bayshore Gardens 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 Bayshore Gardens built from 1940-1969 (38.41%). A lesser amount of the housing stock also hails from 1995 and later (2.27%), and some were built from 1939 and earlier (2.27%).

Vacant housing appears to be an issue in Bayshore Gardens. Fully 17.62% of the housing stock is classified as vacant. Left unchecked, vacant Bayshore Gardens homes and apartments can be a drag on the real estate market, holding Bayshore Gardens 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.

Bayshore Gardens home appreciation rates

Appreciation rates for homes in Bayshore Gardens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.98%, which ranks in the top 30% nationwide. This equates to an annual average Bayshore Gardens house appreciation rate of 9.79%.

Over the last year, Bayshore Gardens appreciation rates have trailed the rest of the nation. In the last twelve months, Bayshore Gardens's appreciation rate has been -18.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bayshore Gardens were at -5.34%, which equates to an annual appreciation rate of -21.36%.

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

Relative to Florida, our data show that Bayshore Gardens's latest annual appreciation rate is higher than 7% of the other cities and towns in Florida.