Medley appreciation rates and housing market information

Medley housing market information

With 1,136 people, 403 houses or apartments, and a median cost of homes of $57,830, house prices in Medley are some of the most affordable in Florida as well as the nation.

mobile homes or trailers are the single most common housing type in Medley, accounting for 68.48% of the town's housing units. Other types of housing that are prevalent in Medley include single-family detached homes (12.65%), large apartment complexes or high rise apartments (12.16%), row houses and other attached homes (4.22%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.48%).

Dwellings in Medley tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 85.60% of the homes in Medley have two or fewer bedrooms.

There is a lot of housing in Medley 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 Medley built from 1940-1969 (21.34%). A lesser amount of the housing stock also hails from 1995 and later (5.71%), and some were built from 1939 and earlier (5.71%).

Medley home appreciation rates

Appreciation rates for homes in Medley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.63%, which ranks in the top 20% nationwide. This equates to an annual average Medley house appreciation rate of 10.36%.

Over the last year, Medley appreciation rates have trailed the rest of the nation. In the last twelve months, Medley's appreciation rate has been -7.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Medley were at 1.63%, which equates to an annual appreciation rate of 6.52%.

Relative to Florida, our data show that Medley's latest annual appreciation rate is higher than 65% of the other cities and towns in Florida.