The Villages appreciation rates and housing market information
The Villages housing market information
With 51,442 people, 28,641 houses or apartments, and a median cost of homes of $160,544, The Villages real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in The Villages, accounting for 98.61% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in The Villages. Owner-occupied housing accounts for 96.93% of The Villages's homes, and 55.47% have either three or four bedrooms, which is average sized relative to America.
The Villages homes and real estate are some of the newest in America. 78.57% of The Villages's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the The Villages real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 (20.93%), and between 1940-1969 (0.40%).
Vacant housing appears to be an issue in The Villages. Fully 20.18% of the housing stock is classified as vacant. Left unchecked, vacant The Villages homes and apartments can be a drag on the real estate market, holding The Villages 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.
The Villages home appreciation rates
In the last 10 years, The Villages has experienced some of the highest home appreciation rates of any community in the nation. The Villages real estate appreciated 41.49% over the last ten years, which is an average annual home appreciation rate of 3.53%, putting The Villages in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, The Villages definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in The Villages that despite a nationwide downturn in the housing market, The Villages real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, The Villages appreciation rates continue to be some of the highest in America, at 5.90%, which is higher than appreciation rates in 78.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in The Villages. The Villages appreciation rates in the latest quarter were at 3.33%, which equates to an annual appreciation rate of 13.99%.
Importantly, this makes The Villages one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that The Villages's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.