Bonifay, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bonifay Neighborhoods Since 2000




Bonifay, 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

Bonifay Housing Market Information

With 2,726 people, 957 houses or apartments, and a median cost of homes of $118,131, house prices in Bonifay are solidly below the national average.

Single-family detached homes are the single most common housing type in Bonifay, accounting for 57.22% of the city's housing units. Other types of housing that are prevalent in Bonifay include mobile homes or trailers ( 26.41%), duplexes, homes converted to apartments or other small apartment buildings ( 7.43%), and a few large apartment complexes or high rise apartments ( 7.00%).

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

There is a lot of housing in Bonifay 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 Bonifay built between 1940-1969 ( 32.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.35%). There's also some housing in Bonifay built before 1939 ( 3.38%).

Vacant housing appears to be an issue in Bonifay. Fully 19.24% of the housing stock is classified as vacant. Left unchecked, vacant Bonifay homes and apartments can be a drag on the real estate market, holding Bonifay 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.

Bonifay Home Appreciation Rates

Bonifay's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bonifay during the period has been just -1.42%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bonifay's appreciation rate, at 3.24%, has been at or slightly above the national average. In the latest quarter, Bonifay's appreciation rate has been 1.20%, which annualizes to a rate of 4.89%.

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

Average Home Values

 

Median Home Value:
$118,131

Bonifay, FL HOME PRICES

Value Range
> $1,223,000 0.1
$917,001 - $1,223,000 0.0
$611,001 - $917,000 0.0
$489,001 - $611,000 0.9
$367,001 - $489,000 6.9
$245,001 - $367,000 8.6
$122,001 - $245,000 28.9
$61,001 - $122,000 40.3
$0 - $61,000 14.2

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
66.5856088128443 80.3418803418803

Number Of Homes And Apartments:
957

Bonifay 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
86.77% 3.69% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$734 / per month

Homeownership Rate

Homeownership
Owners 47.93
Renters 52.07
Vacant 19.24

Housing Market Details

 

Age of Homes

AGE OF Bonifay HOMES
2000 or Newer 8.4
1970 - 1999 55.4
1940 - 1969 32.8
1939 or Older 3.4

Types of Homes

TYPE OF Bonifay HOMES
Single-Family 57.2
Townhomes 0.9
Small Apt. Buildings 7.4
Apt. Complexes 7.0
Mobile Homes 26.4
Other 1.0

Home Size

SIZE OF Bonifay HOMES
No Bedroom 2.19
1 Bedroom 12.49
2 Bedrooms 34.26
3 Bedrooms 38.40
4 Bedrooms 8.61
5 or more bedrooms 4.05

Popular Neighborhoods in Bonifay

Zip Codes in Bonifay, FL