Alachua, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alachua, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alachua Housing Market Information

With 9,757 people, 4,012 houses or apartments, and a median cost of homes of $203,518, 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 79.22% of the city's housing units. Other types of housing that are prevalent in Alachua include large apartment complexes or high rise apartments ( 10.11%), mobile homes or trailers ( 5.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.19%).

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 71.87% of Alachua's homes, and 73.71% 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 ( 31.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.27%). There's also some housing in Alachua built before 1939 ( 4.31%).

Vacant housing appears to be an issue in Alachua. Fully 14.03% 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

Alachua's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alachua during the period has been just -1.95%, which is lower than 80% of US communities.

Appreciation rates are so strong in Alachua that despite a nationwide downturn in the housing market, Alachua real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alachua appreciation rates continue to be some of the highest in America, at 9.44%, which is higher than appreciation rates in 92.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alachua. Alachua appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.12%.

Relative to Florida, our data show that Alachua's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$203,518

Alachua, FL HOME PRICES

Value Range
> $1,188,000 0.2
$891,001 - $1,188,000 0.3
$594,001 - $891,000 1.7
$475,001 - $594,000 3.9
$356,001 - $475,000 5.8
$238,001 - $356,000 25.6
$119,001 - $238,000 39.6
$59,001 - $119,000 16.6
$0 - $59,000 6.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
31.4016172506739 44.2307692307692

Number Of Homes And Apartments:
4,012

Alachua Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.54% 2.52% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,140 / per month

Homeownership Rate

Homeownership
Owners 71.87
Renters 28.13
Vacant 14.03

Housing Market Details

 

Age of Homes

AGE OF Alachua HOMES
2000 or Newer 31.7
1970 - 1999 55.8
1940 - 1969 8.3
1939 or Older 4.3

Types of Homes

TYPE OF Alachua HOMES
Single-Family 79.2
Townhomes 0.6
Small Apt. Buildings 3.2
Apt. Complexes 10.1
Mobile Homes 5.7
Other 1.2

Home Size

SIZE OF Alachua HOMES
No Bedroom 1.52
1 Bedroom 4.46
2 Bedrooms 18.98
3 Bedrooms 62.31
4 Bedrooms 11.40
5 or more bedrooms 1.33

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Zip Codes in Alachua, FL