Bunnell, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bunnell Neighborhoods Since 2000




Bunnell, 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

Bunnell Housing Market Information

With a population of 2,828, 966 total housing units (homes and apartments), and a median house value of $236,507, Bunnell real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bunnell, accounting for 53.19% of the city's housing units. Other types of housing that are prevalent in Bunnell include mobile homes or trailers ( 13.71%), large apartment complexes or high rise apartments ( 13.40%), and a few row houses and other attached homes ( 9.85%).

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

There is a lot of housing in Bunnell 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 Bunnell built between 2000 and later ( 27.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.93%). There's also some housing in Bunnell built before 1939 ( 1.97%).

Vacant housing appears to be an issue in Bunnell. Fully 23.88% of the housing stock is classified as vacant. Left unchecked, vacant Bunnell homes and apartments can be a drag on the real estate market, holding Bunnell 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.

Bunnell Home Appreciation Rates

Homes have actually lost value in Bunnell over the last then years, as home values have seen a decline of 22.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bunnell home appreciation rates at 3.34%, which equates to an annual appreciation rate of 14.06%.

Appreciation rates are so strong in Bunnell that despite a nationwide downturn in the housing market, Bunnell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bunnell appreciation rates continue to be some of the highest in America, at 11.05%, which is higher than appreciation rates in 96.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bunnell. Bunnell appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.

Importantly, this makes Bunnell 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 Bunnell's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$236,507

Bunnell, FL HOME PRICES

Value Range
> $1,370,000 0.4
$1,028,001 - $1,370,000 0.1
$685,001 - $1,028,000 0.0
$548,001 - $685,000 2.1
$411,001 - $548,000 6.9
$274,001 - $411,000 20.8
$137,001 - $274,000 46.9
$68,001 - $137,000 11.2
$0 - $68,000 11.6

High for FL
High for Nation

Value Relative to Nation Value Relative to State
24.7216688151881 35.2564102564103

Number Of Homes And Apartments:
966

Bunnell 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
66.48% 3.00% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,010 / per month

Homeownership Rate

Homeownership
Owners 48.05
Renters 51.95
Vacant 23.88

Housing Market Details

 

Age of Homes

AGE OF Bunnell HOMES
2000 or Newer 28.0
1970 - 1999 47.1
1940 - 1969 22.9
1939 or Older 2.0

Types of Homes

TYPE OF Bunnell HOMES
Single-Family 53.2
Townhomes 9.9
Small Apt. Buildings 9.5
Apt. Complexes 13.4
Mobile Homes 13.7
Other 0.4

Home Size

SIZE OF Bunnell HOMES
No Bedroom 0.71
1 Bedroom 11.58
2 Bedrooms 43.66
3 Bedrooms 32.94
4 Bedrooms 9.93
5 or more bedrooms 1.18

Popular Neighborhoods in Bunnell

Zip Codes in Bunnell, FL