Apopka, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Apopka Neighborhoods Since 2000




Apopka, 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

Apopka Housing Market Information

With a population of 48,382, 15,688 total housing units (homes and apartments), and a median house value of $192,019, Apopka real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Apopka, accounting for 78.70% of the city's housing units. Other types of housing that are prevalent in Apopka include large apartment complexes or high rise apartments ( 7.72%), row houses and other attached homes ( 6.11%), and a few mobile homes or trailers ( 3.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apopka. Owner-occupied housing accounts for 75.00% of Apopka's homes, and 75.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Apopka 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 Apopka built between 2000 and later ( 38.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.18%). There's also some housing in Apopka built before 1939 ( 1.10%).

Vacant housing appears to be an issue in Apopka. Fully 11.44% of the housing stock is classified as vacant. Left unchecked, vacant Apopka homes and apartments can be a drag on the real estate market, holding Apopka 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.

Apopka Home Appreciation Rates

Homes have actually lost value in Apopka over the last then years, as home values have seen a decline of 25.30% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Apopka home appreciation rates at 2.68%, which equates to an annual appreciation rate of 11.16%.

Appreciation rates are so strong in Apopka that despite a nationwide downturn in the housing market, Apopka real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Apopka appreciation rates continue to be some of the highest in America, at 11.85%, which is higher than appreciation rates in 97.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Apopka. Apopka appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

Importantly, this makes Apopka one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Apopka's latest annual appreciation rate is higher than 80% 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 Apopka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apopka - 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 2000, to assist you in making the best Apopka real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,019

Apopka, FL HOME PRICES

Value Range
> $1,396,000 0.2
$1,048,001 - $1,396,000 0.8
$698,001 - $1,048,000 1.1
$559,001 - $698,000 0.7
$419,001 - $559,000 5.0
$280,001 - $419,000 20.0
$140,001 - $280,000 41.5
$70,001 - $140,000 21.4
$0 - $70,000 9.1

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
34.3196999882808 48.7179487179487

Number Of Homes And Apartments:
15,688

Apopka 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
55.98% 2.61% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,370 / per month

Homeownership Rate

Homeownership
Owners 75.00
Renters 25.00
Vacant 11.44

Housing Market Details

 

Age of Homes

AGE OF Apopka HOMES
2000 or Newer 38.3
1970 - 1999 54.4
1940 - 1969 6.2
1939 or Older 1.1

Types of Homes

TYPE OF Apopka HOMES
Single-Family 78.7
Townhomes 6.1
Small Apt. Buildings 3.5
Apt. Complexes 7.7
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Apopka HOMES
No Bedroom 0.56
1 Bedroom 3.72
2 Bedrooms 15.10
3 Bedrooms 48.11
4 Bedrooms 27.48
5 or more bedrooms 5.03