Winter Park appreciation rates and housing market information

Winter Park housing market information

With a population of 24,227, 11,532 total housing units (homes and apartments), and a median house value of $403,288, Winter Park house prices are not only among the most expensive in Florida, Winter Park real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Winter Park, accounting for 59.68% of the city's housing units. Other types of housing that are prevalent in Winter Park include large apartment complexes or high rise apartments (30.27%), duplexes, homes converted to apartments, or other small apartment buildings (6.02%), and a few row houses and other attached homes (3.77%).

The most prevalent building size and type in Winter Park are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 60.38% owning, and 33.83% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Winter Park's housing was primarily built during this period, from the '40s through the '60s. A full 57.13% of the city's housing hails from this era. Other housing ages represented in Winter Park include homes built between 1970-1994 (32.07%), and housing constructed from 1939 and earlier (7.11%). There's also some housing in Winter Park built between 1995 and later (3.69%).

Winter Park home appreciation rates

In the last 10 years, Winter Park has experienced some of the highest home appreciation rates of any community in the nation. Winter Park real estate appreciated 113.28% over the last ten years, which is an average annual home appreciation rate of 11.32%, putting Winter Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winter Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Winter Park appreciation rates have trailed the rest of the nation. In the last twelve months, Winter Park's appreciation rate has been -12.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winter Park were at 0.37%, which equates to an annual appreciation rate of 1.48%.

Relative to Florida, our data show that Winter Park'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 Winter Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winter Park - 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 Winter Park real estate investment or home purchase decisions.