Belleview, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Belleview, FL Housing Market Trends

With a population of 5,101, 2,074 total housing units (homes and apartments), and a median house value of $143,354, house prices in Belleview are solidly below the national average.

Single-family detached homes are the single most common housing type in Belleview, accounting for 66.96% of the city's housing units. Other types of housing that are prevalent in Belleview include mobile homes or trailers ( 16.04%), duplexes, homes converted to apartments or other small apartment buildings ( 9.23%), and a few large apartment complexes or high rise apartments ( 5.36%).

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

There is a lot of housing in Belleview 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 Belleview built between 2000 and later ( 22.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.72%). There's also some housing in Belleview built before 1939 ( 5.36%).

Vacant housing appears to be an issue in Belleview. Fully 13.80% of the housing stock is classified as vacant. Left unchecked, vacant Belleview homes and apartments can be a drag on the real estate market, holding Belleview 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.

Belleview Home Appreciation Rates

In the last 10 years, Belleview has experienced some of the highest home appreciation rates of any community in the nation. Belleview real estate appreciated 62.66% over the last ten years, which is an average annual home appreciation rate of 4.99%, putting Belleview in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belleview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Belleview that despite a nationwide downturn in the housing market, Belleview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belleview appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 95.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belleview. Belleview appreciation rates in the latest quarter were at 3.64%, which equates to an annual appreciation rate of 15.38%.

Importantly, this makes Belleview 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 Belleview's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$143,354

Belleview, FL HOME PRICES

> $1,318,000
0.0%
0.0%
$989,001 - $1,318,000
0.3%
0.3%
$659,001 - $989,000
0.6%
0.6%
$527,001 - $659,000
0.8%
0.8%
$395,001 - $527,000
2.9%
2.9%
$264,001 - $395,000
15.5%
15.5%
$132,001 - $264,000
33.0%
33.0%
$66,001 - $132,000
30.4%
30.4%
$0 - $66,000
16.5%
16.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
2,074

Belleview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
88.48% 3.06%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Owners
59.9%
59.9%
Renters
40.1%
40.1%
Vacant
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.3%
22.3%
1970 - 1999
58.6%
58.6%
1940 - 1969
13.7%
13.7%
1939 or Older
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.0%
67.0%
Townhomes
2.4%
2.4%
Small Apt. Buildings
9.2%
9.2%
Apt. Complexes
5.4%
5.4%
Mobile Homes
16.0%
16.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
10.4%
10.4%
2 Bedrooms
38.1%
38.1%
3 Bedrooms
34.5%
34.5%
4 Bedrooms
15.2%
15.2%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Belleview

Zip Codes in Belleview, FL