Kissimmee appreciation rates and housing market information

Kissimmee housing market information

With 47,558 people, 19,661 houses or apartments, and a median cost of homes of $195,999, Kissimmee real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Kissimmee, accounting for 45.67% of the city's housing units. Other types of housing that are prevalent in Kissimmee include large apartment complexes or high rise apartments (33.26%), duplexes, homes converted to apartments, or other small apartment buildings (12.36%), row houses and other attached homes (4.80%), and a few mobile homes or trailers (3.91%).

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

There is a lot of housing in Kissimmee 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 Kissimmee built from 1995 and later (22.17%). A lesser amount of the housing stock also hails from 1940-1969 (11.51%), and some were built from 1939 and earlier (11.51%).

Vacant housing appears to be an issue in Kissimmee. Fully 12.74% of the housing stock is classified as vacant. Left unchecked, vacant Kissimmee homes and apartments can be a drag on the real estate market, holding Kissimmee 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.

Kissimmee home appreciation rates

Appreciation rates for homes in Kissimmee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.98%, which ranks in the top 30% nationwide. This equates to an annual average Kissimmee house appreciation rate of 9.19%.

Over the last year, Kissimmee appreciation rates have trailed the rest of the nation. In the last twelve months, Kissimmee's appreciation rate has been -14.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kissimmee were at -0.15%, which equates to an annual appreciation rate of -0.60%.

Relative to Florida, our data show that Kissimmee's latest annual appreciation rate is higher than 31% 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 Kissimmee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kissimmee - 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 Kissimmee real estate investment or home purchase decisions.