Longwood appreciation rates and housing market information

Longwood housing market information

With 13,712 people, 5,230 houses or apartments, and a median cost of homes of $215,589, Longwood real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Longwood, accounting for 76.16% of the city's housing units. Other types of housing that are prevalent in Longwood include row houses and other attached homes (12.77%), duplexes, homes converted to apartments, or other small apartment buildings (6.37%), and a few large apartment complexes or high rise apartments (4.32%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Longwood. Owner-occupied housing accounts for 72.49% of Longwood's homes, and 72.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Longwood 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 Longwood built from 1940-1969 (15.09%). A lesser amount of the housing stock also hails from 1995 and later (4.44%), and some were built from 1939 and earlier (4.44%).

Longwood home appreciation rates

Appreciation rates for homes in Longwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.47%, which ranks in the top 40% nationwide. This equates to an annual average Longwood house appreciation rate of 8.14%.

Over the last year, Longwood appreciation rates have trailed the rest of the nation. In the last twelve months, Longwood's appreciation rate has been -16.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longwood were at -0.41%, which equates to an annual appreciation rate of -1.64%.

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

Relative to Florida, our data show that Longwood's latest annual appreciation rate is higher than 24% 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 Longwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Longwood - 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 Longwood real estate investment or home purchase decisions.