Avon Park, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Avon Park Neighborhoods Since 2000




Avon Park, 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

Avon Park Housing Market Information

With 10,086 people, 3,337 houses or apartments, and a median cost of homes of $89,963, house prices in Avon Park are some of the most affordable in Florida as well as the nation.

Single-family detached homes are the single most common housing type in Avon Park, accounting for 49.43% of the city's housing units. Other types of housing that are prevalent in Avon Park include duplexes, homes converted to apartments or other small apartment buildings ( 18.40%), mobile homes or trailers ( 16.78%), and a few large apartment complexes or high rise apartments ( 10.31%).

People in Avon Park primarily live in small (one, two or no bedroom) single-family detached homes. Avon Park has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Avon Park 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 Avon Park built between 1940-1969 ( 27.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.53%). There's also some housing in Avon Park built before 1939 ( 7.17%).

Vacant housing appears to be an issue in Avon Park. Fully 26.82% of the housing stock is classified as vacant. Left unchecked, vacant Avon Park homes and apartments can be a drag on the real estate market, holding Avon Park 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.

Avon Park Home Appreciation Rates

Homes have actually lost value in Avon Park over the last then years, as home values have seen a decline of 24.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Avon Park home appreciation rates at 10.69%, which equates to an annual appreciation rate of 50.11%.

Appreciation rates are so strong in Avon Park that despite a nationwide downturn in the housing market, Avon Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avon Park appreciation rates continue to be some of the highest in America, at 21.53%, which is higher than appreciation rates in 99.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avon Park. Avon Park appreciation rates in the latest quarter were at 10.69%, which equates to an annual appreciation rate of 50.11%.

Importantly, this makes Avon Park 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 Avon Park's latest annual appreciation rate is higher than 90% 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 Avon Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Avon 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 2000, to assist you in making the best Avon Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$89,963

Avon Park, FL HOME PRICES

Value Range
> $1,388,000 0.0
$1,041,001 - $1,388,000 0.0
$694,001 - $1,041,000 0.6
$555,001 - $694,000 0.3
$416,001 - $555,000 4.2
$278,001 - $416,000 5.3
$139,001 - $278,000 20.7
$69,001 - $139,000 45.9
$0 - $69,000 22.9

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
84.0208601898512 95.0854700854701

Number Of Homes And Apartments:
3,337

Avon Park 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
72.59% 3.21% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 57.49
Renters 42.51
Vacant 26.82

Housing Market Details

 

Age of Homes

AGE OF Avon Park HOMES
2000 or Newer 10.5
1970 - 1999 55.2
1940 - 1969 27.1
1939 or Older 7.2

Types of Homes

TYPE OF Avon Park HOMES
Single-Family 49.4
Townhomes 5.1
Small Apt. Buildings 18.4
Apt. Complexes 10.3
Mobile Homes 16.8
Other 0.0

Home Size

SIZE OF Avon Park HOMES
No Bedroom 2.13
1 Bedroom 12.65
2 Bedrooms 47.92
3 Bedrooms 31.89
4 Bedrooms 3.88
5 or more bedrooms 1.54