Islamorada, Village Of Islands appreciation rates and housing market information

Islamorada, Village Of Islands housing market information

With 6,847 people, 5,462 houses or apartments, and a median cost of homes of $521,660, Islamorada, Village Of Islands house prices are not only among the most expensive in Florida, Islamorada, Village Of Islands real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Islamorada, Village Of Islands, accounting for 61.85% of the village's housing units. Other types of housing that are prevalent in Islamorada, Village Of Islands include large apartment complexes or high rise apartments (16.39%), mobile homes or trailers (7.95%), row houses and other attached homes (6.54%), and a few duplexes, homes converted to apartments, or other small apartment buildings (6.39%).

Dwellings in Islamorada, Village Of Islands tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 60.71% of the homes in Islamorada, Village Of Islands have two or fewer bedrooms.

There is a lot of housing in Islamorada, Village Of Islands 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 Islamorada, Village Of Islands built from 1940-1969 (18.33%). A lesser amount of the housing stock also hails from 1995 and later (5.03%), and some were built from 1939 and earlier (5.03%).

Islamorada, Village Of Islands home appreciation rates

In the last 10 years, Islamorada, Village Of Islands has experienced some of the highest home appreciation rates of any community in the nation. Islamorada, Village Of Islands real estate appreciated 191.29% over the last ten years, which is an average annual home appreciation rate of 19.12%, putting Islamorada, Village Of Islands in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Islamorada, Village Of Islands definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Islamorada, Village Of Islands home appreciation rates, at 1.17%, have been at or slightly above the national average. In the latest quarter, Islamorada, Village Of Islands's appreciation rate has been 3.82%, which annualizes to a rate of 15.28%.

Importantly, this makes Islamorada, Village Of Islands one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Florida, our data show that Islamorada, Village Of Islands's latest annual appreciation rate is higher than 98% of the other cities and towns in Florida.