Bonita Springs, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bonita Springs, 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

Bonita Springs Housing Market Information

With a population of 51,704, 19,634 total housing units (homes and apartments), and a median house value of $356,002, real estate costs in Bonita Springs are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Single-family detached homes are the single most common housing type in Bonita Springs, accounting for 38.21% of the city's housing units. Other types of housing that are prevalent in Bonita Springs include large apartment complexes or high rise apartments ( 22.83%), mobile homes or trailers ( 15.89%), and a few row houses and other attached homes ( 15.35%).

Dwellings in Bonita Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.04% of the homes in Bonita Springs have two or fewer bedrooms.

There is a lot of housing in Bonita Springs 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 Bonita Springs built between 2000 and later ( 32.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.47%).

A decent proportion of the Bonita Springs housing stock is seasonally occupied. That is, homes and condos in Bonita Springs 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 Bonita Springs housing market speaks to its popularity as a vacation location of choice.

Bonita Springs Home Appreciation Rates

Bonita Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bonita Springs during the period has been just -1.53%, which is lower than 80% of US communities.

Appreciation rates are so strong in Bonita Springs that despite a nationwide downturn in the housing market, Bonita Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bonita Springs appreciation rates continue to be some of the highest in America, at 12.11%, which is higher than appreciation rates in 97.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bonita Springs. Bonita Springs appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.80%.

Importantly, NeighborhoodScout’s exclusive research found that Bonita Springs's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Florida, our data show that Bonita Springs'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 Bonita Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bonita Springs - 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 Bonita Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$356,002

Bonita Springs, FL HOME PRICES

Value Range
> $1,446,000 4.4
$1,085,001 - $1,446,000 2.1
$723,001 - $1,085,000 8.2
$579,001 - $723,000 7.5
$433,001 - $579,000 12.0
$289,001 - $433,000 19.3
$144,001 - $289,000 23.7
$72,001 - $144,000 15.4
$0 - $72,000 7.4

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
11.7543654048986 20.0854700854701

Number Of Homes And Apartments:
19,634

Bonita Springs 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
85.08% 3.63% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,421 / per month

Homeownership Rate

Homeownership
Owners 74.62
Renters 25.38
Vacant 40.60

Housing Market Details

 

Age of Homes

AGE OF Bonita Springs HOMES
2000 or Newer 32.6
1970 - 1999 62.9
1940 - 1969 4.5
1939 or Older 0.0

Types of Homes

TYPE OF Bonita Springs HOMES
Single-Family 38.2
Townhomes 15.4
Small Apt. Buildings 7.7
Apt. Complexes 22.8
Mobile Homes 15.9
Other 0.0

Home Size

SIZE OF Bonita Springs HOMES
No Bedroom 0.73
1 Bedroom 8.20
2 Bedrooms 42.11
3 Bedrooms 40.51
4 Bedrooms 7.78
5 or more bedrooms 0.67