Bonita Springs, 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

Bonita Springs, FL Housing Market Trends

With 59,637 people, 23,450 houses or apartments, and a median cost of homes of $291,886, Bonita Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bonita Springs, accounting for 43.30% of the city's housing units. Other types of housing that are prevalent in Bonita Springs include large apartment complexes or high rise apartments ( 25.15%), mobile homes or trailers ( 13.34%), and a few row houses and other attached homes ( 10.61%).

Dwellings in Bonita Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.48% 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 ( 37.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.16%).

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

In the last 10 years, Bonita Springs has experienced some of the highest home appreciation rates of any community in the nation. Bonita Springs real estate appreciated 95.83% over the last ten years, which is an average annual home appreciation rate of 6.95%, putting Bonita Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bonita Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bonita Springs's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Bonita Springs's appreciation rate has been 1.53%, which annualizes to a rate of 6.25%.

Notably, Bonita Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Bonita Springs's latest annual appreciation rate is lower than 70% 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:
$291,886

Bonita Springs, FL HOME PRICES

> $1,190,000
7.4%
7.4%
$893,001 - $1,190,000
3.8%
3.8%
$595,001 - $893,000
11.1%
11.1%
$476,001 - $595,000
9.6%
9.6%
$357,001 - $476,000
15.3%
15.3%
$238,001 - $357,000
23.2%
23.2%
$119,001 - $238,000
16.2%
16.2%
$60,001 - $119,000
9.0%
9.0%
$0 - $60,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
23,450

Bonita Springs 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
123.41% 3.90%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,675 / per month

Homeownership Rate

Owners
80.5%
80.5%
Renters
19.5%
19.5%
Vacant
38.3%
38.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.3%
37.3%
1970 - 1999
58.3%
58.3%
1940 - 1969
4.2%
4.2%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.3%
43.3%
Townhomes
10.6%
10.6%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
25.2%
25.2%
Mobile Homes
13.3%
13.3%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
9.3%
9.3%
2 Bedrooms
39.7%
39.7%
3 Bedrooms
39.3%
39.3%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES