Alachua, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alachua, FL Real Estate Data


Alachua Housing Market Information

With 9,757 people, 4,142 houses or apartments, and a median cost of homes of $187,216, Alachua real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Alachua, accounting for 75.45% of the city's housing units. Other types of housing that are prevalent in Alachua include large apartment complexes or high rise apartments ( 10.91%), mobile homes or trailers ( 6.54%), and a few row houses and other attached homes ( 3.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alachua. Owner-occupied housing accounts for 68.85% of Alachua's homes, and 73.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Alachua built from 1970 to 1999 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 Alachua built between 2000 and later ( 31.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.09%). There's also some housing in Alachua built before 1939 ( 4.15%).

Vacant housing appears to be an issue in Alachua. Fully 11.42% of the housing stock is classified as vacant. Left unchecked, vacant Alachua homes and apartments can be a drag on the real estate market, holding Alachua 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.

Alachua Home Appreciation Rates

Homes have actually lost value in Alachua over the last then years, as home values have seen a decline of 21.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Alachua home appreciation rates at -1.03%, which equates to an annual appreciation rate of -4.06%.

Over the last year, Alachua appreciation rates have trailed the rest of the nation. In the last twelve months, Alachua's appreciation rate has been 3.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alachua were at -1.03%, which equates to an annual appreciation rate of -4.06%.

Notably, Alachua's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Alachua's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$187,216

Alachua, FL HOME PRICES

Value Range
> $1,086,000 0.6
$815,001 - $1,086,000 0.3
$543,001 - $815,000 2.2
$435,001 - $543,000 3.7
$326,001 - $435,000 4.8
$217,001 - $326,000 25.9
$109,001 - $217,000 41.5
$54,001 - $109,000 16.0
$0 - $54,000 5.1

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
36.7336183170346 52.7777777777778

Number Of Homes And Apartments:
4,142

Rent & Ownership

 

Average Market Rent:
$1,304 / per month

Homeownership Rate

Homeownership
Owners 68.85
Renters 31.15
Vacant 11.42

Housing Market Details

 

Age of Homes

AGE OF Alachua HOMES
2000 or Newer 31.6
1970 - 1999 55.2
1940 - 1969 9.1
1939 or Older 4.1

Types of Homes

TYPE OF Alachua HOMES
Single-Family 75.4
Townhomes 3.3
Small Apt. Buildings 2.8
Apt. Complexes 10.9
Mobile Homes 6.5
Other 1.0

Home Size

SIZE OF Alachua HOMES
No Bedroom 1.33
1 Bedroom 5.45
2 Bedrooms 18.58
3 Bedrooms 63.37
4 Bedrooms 9.88
5 or more bedrooms 1.39

Alachua Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
42.94% 2.12% 2 5
* 10 is highest

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Zip Codes in Alachua, FL