Bokeelia, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bokeelia, 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

Bokeelia Housing Market Information

With 2,061 people, 610 houses or apartments, and a median cost of homes of $243,772, Bokeelia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bokeelia, accounting for 59.06% of the town's housing units. Other types of housing that are prevalent in Bokeelia include mobile homes or trailers ( 14.94%), large apartment complexes or high rise apartments ( 12.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.51%).

Dwellings in Bokeelia tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 80.05% of the homes in Bokeelia have two or fewer bedrooms.

There is a lot of housing in Bokeelia 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 Bokeelia built between 1940-1969 ( 22.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.49%).

A decent proportion of the Bokeelia housing stock is seasonally occupied. That is, homes and condos in Bokeelia are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Bokeelia housing market speaks to its popularity as a vacation location of choice.

Bokeelia Home Appreciation Rates

Bokeelia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bokeelia during the period has been just -1.16%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bokeelia that despite a nationwide downturn in the housing market, Bokeelia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bokeelia appreciation rates continue to be some of the highest in America, at 12.12%, which is higher than appreciation rates in 97.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bokeelia. Bokeelia appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.

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

Relative to Florida, our data show that Bokeelia's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$243,772

Bokeelia, FL HOME PRICES

Value Range
> $1,426,000 0.0
$1,069,001 - $1,426,000 3.3
$712,001 - $1,069,000 5.4
$570,001 - $712,000 4.2
$427,001 - $570,000 10.7
$285,001 - $427,000 17.4
$143,001 - $285,000 33.7
$71,001 - $143,000 12.7
$0 - $71,000 12.6

High for FL
High for Nation

Value Relative to Nation Value Relative to State
23.4501347708895 33.1196581196581

Number Of Homes And Apartments:
610

Bokeelia 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
83.33% 3.58% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,365 / per month

Homeownership Rate

Homeownership
Owners 88.52
Renters 11.48
Vacant 51.51

Housing Market Details

 

Age of Homes

AGE OF Bokeelia HOMES
2000 or Newer 10.5
1970 - 1999 67.0
1940 - 1969 22.5
1939 or Older 0.0

Types of Homes

TYPE OF Bokeelia HOMES
Single-Family 59.1
Townhomes 4.9
Small Apt. Buildings 8.5
Apt. Complexes 12.6
Mobile Homes 14.9
Other 0.0

Home Size

SIZE OF Bokeelia HOMES
No Bedroom 3.26
1 Bedroom 14.63
2 Bedrooms 62.16
3 Bedrooms 17.17
4 Bedrooms 2.78
5 or more bedrooms 0.00

Popular Neighborhoods in Bokeelia

Zip Codes in Bokeelia, FL