Apalachicola, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Apalachicola, FL Real Estate Data


Apalachicola Housing Market Information

With a population of 2,281, 939 total housing units (homes and apartments), and a median house value of $243,535, Apalachicola real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Apalachicola, accounting for 73.35% of the city's housing units. Other types of housing that are prevalent in Apalachicola include mobile homes or trailers ( 11.77%), duplexes, homes converted to apartments or other small apartment buildings ( 9.03%), and a few large apartment complexes or high rise apartments ( 4.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apalachicola. Owner-occupied housing accounts for 65.38% of Apalachicola's homes, and 51.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Apalachicola 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 Apalachicola built between 1940-1969 ( 25.17%). A lesser amount of the housing stock also hails from before 1939 ( 21.98%). There's also some housing in Apalachicola built between 2000 and later ( 13.62%).

Vacant housing appears to be an issue in Apalachicola. Fully 30.50% of the housing stock is classified as vacant. Left unchecked, vacant Apalachicola homes and apartments can be a drag on the real estate market, holding Apalachicola 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.

Apalachicola Home Appreciation Rates

Homes have actually lost value in Apalachicola over the last then years, as home values have seen a decline of 23.04% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Apalachicola home appreciation rates at -1.79%, which equates to an annual appreciation rate of -6.99%.

NeighborhoodScout's data show that during the latest twelve months, Apalachicola's appreciation rate, at 4.67%, has been at or slightly above the national average. In the latest quarter, Apalachicola's appreciation rate has been -1.79%, which annualizes to a rate of -6.99%.

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

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

Average Home Values

 

Median Home Value:
$243,535

Apalachicola, FL HOME PRICES

Value Range
> $1,199,000 2.4
$899,001 - $1,199,000 2.9
$599,001 - $899,000 4.4
$479,001 - $599,000 3.7
$359,001 - $479,000 10.9
$239,001 - $359,000 12.2
$120,001 - $239,000 28.2
$60,001 - $120,000 22.3
$0 - $60,000 13.0

High for FL
High for Nation

Value Relative to Nation Value Relative to State
24.1670082567196 36.1111111111111

Number Of Homes And Apartments:
939

Rent & Ownership

 

Average Market Rent:
$1,008 / per month

Homeownership Rate

Homeownership
Owners 65.38
Renters 34.62
Vacant 30.50

Housing Market Details

 

Age of Homes

AGE OF Apalachicola HOMES
2000 or Newer 13.6
1970 - 1999 39.2
1940 - 1969 25.2
1939 or Older 22.0

Types of Homes

TYPE OF Apalachicola HOMES
Single-Family 73.4
Townhomes 1.2
Small Apt. Buildings 9.0
Apt. Complexes 4.7
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Apalachicola HOMES
No Bedroom 0.89
1 Bedroom 9.10
2 Bedrooms 37.31
3 Bedrooms 39.01
4 Bedrooms 12.21
5 or more bedrooms 1.48

Apalachicola 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
59.19% 2.77% 4 7
* 10 is highest

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Zip Codes in Apalachicola, FL