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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bunnell HOMES|
|2000 or Newer||28.0|
|1970 - 1999||47.1|
|1940 - 1969||22.9|
|1939 or Older||2.0|
|TYPE OF Bunnell HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Bunnell HOMES|
|5 or more bedrooms||1.18|