North Port appreciation rates and housing market information

North Port housing market information

With a population of 22,717, 10,357 total housing units (homes and apartments), and a median house value of $157,097, North Port real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in North Port, accounting for 86.52% of the city's housing units. Other types of housing that are prevalent in North Port include mobile homes or trailers (8.06%), row houses and other attached homes (2.35%), large apartment complexes or high rise apartments (1.83%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.24%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in North Port. Owner-occupied housing accounts for 77.58% of North Port's homes, and 57.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Port 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 North Port built from 1995 and later (25.47%). A lesser amount of the housing stock also hails from 1940-1969 (11.38%), and some were built from 1939 and earlier (11.38%).

Vacant housing appears to be an issue in North Port. Fully 11.58% of the housing stock is classified as vacant. Left unchecked, vacant North Port homes and apartments can be a drag on the real estate market, holding North Port 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.

North Port home appreciation rates

Appreciation rates for homes in North Port have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.11%, which ranks in the top 40% nationwide. This equates to an annual average North Port house appreciation rate of 8.11%.

Over the last year, North Port appreciation rates have trailed the rest of the nation. In the last twelve months, North Port's appreciation rate has been -15.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Port were at 5.08%, which equates to an annual appreciation rate of 20.32%.

Importantly, this makes North Port one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that North Port's latest annual appreciation rate is higher than 28% 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 North Port differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Port - 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 North Port real estate investment or home purchase decisions.