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 $133,318, house prices in Bayshore Gardens are solidly below the national average.

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

Real estate appreciation rates in Bayshore Gardens have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.37% during the period.

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 -17.15%, 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 4.64%, which equates to an annual appreciation rate of 18.56%.

Importantly, this makes Bayshore Gardens one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Bayshore Gardens's latest annual appreciation rate is higher than 19% of the other cities and towns in Florida.