Plant City appreciation rates and housing market information

Plant City housing market information

With 30,106 people, 11,783 houses or apartments, and a median cost of homes of $174,747, Plant City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Plant City, accounting for 67.36% of the city's housing units. Other types of housing that are prevalent in Plant City include large apartment complexes or high rise apartments (13.60%), duplexes, homes converted to apartments, or other small apartment buildings (7.75%), mobile homes or trailers (7.05%), and a few row houses and other attached homes (3.70%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Plant City. Owner-occupied housing accounts for 61.23% of Plant City's homes, and 53.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plant City 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 Plant City built from 1940-1969 (29.05%). A lesser amount of the housing stock also hails from 1995 and later (14.27%), and some were built from 1939 and earlier (14.27%).

Plant City home appreciation rates

Appreciation rates for homes in Plant City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.18%, which ranks in the top 20% nationwide. This equates to an annual average Plant City house appreciation rate of 10.41%.

Over the last year, Plant City appreciation rates have trailed the rest of the nation. In the last twelve months, Plant City's appreciation rate has been -12.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plant City were at 2.60%, which equates to an annual appreciation rate of 10.40%.

Importantly, this makes Plant City 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 Plant City's latest annual appreciation rate is higher than 48% 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 Plant City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plant City - 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 Plant City real estate investment or home purchase decisions.