Bradenton appreciation rates and housing market information

Bradenton housing market information

With 49,908 people, 24,956 houses or apartments, and a median cost of homes of $195,700, Bradenton real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Bradenton, accounting for 43.45% of the city's housing units. Other types of housing that are prevalent in Bradenton include large apartment complexes or high rise apartments (30.55%), duplexes, homes converted to apartments, or other small apartment buildings (10.61%), row houses and other attached homes (8.27%), and a few mobile homes or trailers (6.11%).

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

There is a lot of housing in Bradenton 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 Bradenton built from 1940-1969 (25.04%). A lesser amount of the housing stock also hails from 1939 and earlier (7.82%), and some were built from 1995 and later (7.82%).

Vacant housing appears to be an issue in Bradenton. Fully 13.88% of the housing stock is classified as vacant. Left unchecked, vacant Bradenton homes and apartments can be a drag on the real estate market, holding Bradenton 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.

Bradenton home appreciation rates

Appreciation rates for homes in Bradenton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.44%, which ranks in the top 30% nationwide. This equates to an annual average Bradenton house appreciation rate of 10.14%.

Over the last year, Bradenton appreciation rates have trailed the rest of the nation. In the last twelve months, Bradenton's appreciation rate has been -18.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bradenton were at -5.25%, which equates to an annual appreciation rate of -21.00%.

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

Relative to Florida, our data show that Bradenton's latest annual appreciation rate is higher than 8% 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 Bradenton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bradenton - 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 Bradenton real estate investment or home purchase decisions.